- Binance Megadrop has featured its second project.
- Users can earn the project’s governance token by fulfilling various tasks.
- Binance said it will be the first exchange to list the token.
Binance has announced Lista (LISTA) as the second project on Binance Megadrop, a new token launch platform granting users early access to select Web3 projects before they are listed on the exchange.
Lista is a liquid staking and decentralized stablecoin protocol powered by LSDfi. The protocol allows users to borrow its dollar-pegged stablecoin lisUSD against a range of crypto assets in the BNB Chain and Ethereum, including BNB, ETH, slisBNB, and wBETH.
Lista (LISTA) Megadrop on Binance
In an announcement dated May 23, Binance unveiled Lista as the second project on its Megadrop platform. The exchange invited users to earn LISTA by fulfilling various tasks to “accrue scores,” such as completing Web3 quests and subscribing to BNB Locked Products.
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The scoring system includes a Locked BNB Score, which is awarded based on the quantity of BNB subscribed and the length of the subscription period, as well as a Web3 Quest Bonus and Web3 Quest Multiplier, awarded after users complete designated tasks.
“The system will calculate users’ Total Score by applying the Web3 Quest Multiplier to their total Locked BNB Score and then adding the Web3 Quest Bonus,” Binance wrote.
According to the statement, Binance has allocated 100,000,000 LISTA Megadrop Token Rewards, 10% of the token’s maximum total supply of 1 billion.
Binance said it will be the first exchange to list LISTA at a date to be announced later. After that, the token will begin trading with an initial circulating supply of 230,000,000 LISTA (23% of the maximum token supply).
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