Coin Edition -
- Binance’s MegaDrop offers early access to Web3 projects, starting with Lista (LISTA).
- Users can earn LISTA tokens by locking BNB or completing Web3 Quests
- MegaDrop combines Binance Simple Earn and Web3 Wallet
Binance, the world’s leading cryptocurrency exchange, has unveiled the second project on its newly launched Binance MegaDrop platform: Lista (LISTA). MegaDrop provides users early access to select Web3 projects before their tokens are listed on Binance, seamlessly integrating Binance Simple Earn and the Binance Web3 Wallet for an innovative airdrop experience.
Lista is a liquid staking and decentralized stablecoin protocol. With a maximum token supply of 1,000,000,000 LISTA, the MegaDrop will reward 100,000,000 LISTA (10% of the max supply) to eligible participants. The initial circulating supply will be 230,000,000 LISTA (23% of the max supply). Users can participate in MegaDrop by locking BNB in BNB Locked Products or by completing Web3 Quests through their Binance Web3 Wallet.
MegaDrop aims to create a unique interactive experience by combining engagement, education, and rewards within the Binance ecosystem. To participate, users must log into their Binance account, subscribe to BNB Locked Products, and complete designated Web3 Quests to accrue scores. The score-based mechanism ensures that rewards are distributed proportionally based on each user’s Total Score.
The scoring system comprises a Locked BNB Score, which is determined by the quantity of BNB subscribed and the subscription duration, and a Web3 Quest Multiplier, applied when all designated quests are completed. This multiplier boosts the Locked BNB Score, and users also receive a Web3 Quest Bonus.
Binance has updated the APRs and increased the maximum subscription limits for BNB Locked Products in preparation for future MegaDrop events. The updated APRs range from 0.6% for a 15-day subscription to 1.69% for a 120-day subscription. Detailed information on the scoring system and the benefits of participation can be found in the Binance FAQ.
The post Binance MegaDrop Debuts Lista: Liquid Staking Meets Web3 Rewards appeared first on Coin Edition.