Binance, the leading cryptocurrency exchange globally, has introduced the second project on its newly launched Binance MegaDrop platform: Lista (LISTA). MegaDrop offers users early access to select Web3 projects before their tokens are listed on Binance, integrating Binance Simple Earn and the Binance Web3 Wallet for a seamless airdrop experience.
Lista functions as a liquid staking and decentralized stablecoin protocol. With a total token supply capped at 1 billion LISTA, the MegaDrop will distribute 100 million LISTA (10% of the total supply) to eligible participants. Initially, there will be 230 million LISTA tokens in circulation (23% of the total supply).
Users can join MegaDrop by locking BNB in BNB Locked Products or by completing Web3 Quests using their Binance Web3 Wallet.
MegaDrop aims to provide a unique interactive experience by blending engagement, education, and rewards within the Binance ecosystem. To participate, users need to log into their Binance accounts, enroll in BNB Locked Products, and fulfill designated Web3 Quests to earn scores. The scoring mechanism ensures fair distribution of rewards based on each user’s Total Score.
The scoring system includes a Locked BNB Score, calculated based on the amount of BNB locked and the lockup duration, and a Web3 Quest Multiplier, applied upon completion of all designated quests. This multiplier enhances the Locked BNB Score, with users also receiving a Web3 Quest Bonus.
Binance has enhanced the APRs and raised the maximum subscription limits for BNB Locked Products ahead of forthcoming MegaDrop events. The revised APRs now span from 0.6% for a 15-day subscription to 1.69% for a 120-day subscription. Comprehensive details regarding the scoring mechanism and the advantages of engaging can be accessed in the Binance FAQ section.
May 2024, Cryptoniteuae