Binance has announced LISTA, a liquid staking and decentralized stablecoin protocol, as the second project on its Binance Mega Drop initiative.
The announcement was made via Binance’s official Twitter handle, introducing the Lista token (LISTA). Binance will be the first platform to list the LISTA token, with the exact trading start time to be announced later.
Participation in the Megadrop is straightforward for Binance users. They can subscribe to BNB Locked Products on Binance Simple Earn using their Binance Web3 Wallet and accrue scores.
Additionally, users can complete designated Web3 Quests to gain scores and receive a score multiplier in the Megadrop section of the Binance app. Following the completion of Megadrop, Binance will list LISTA, with further announcements regarding the listing plan to come.
According to the official Binance website, LISTA’s listing on Binance will follow the completion of the Megadrop. Users can expect detailed announcements regarding the exact listing schedule and further instructions on how to participate.
The Binance Megadrop initiative provides users with early access to rewards from selected Web3 projects before they are officially listed on the exchange. This approach allows users to engage with and benefit from new projects early.
Lista DAO operates as an open-source liquidity protocol with a dual token model, employing lisUSD and LISTA. The protocol supports instant conversions, asset collateralization, borrowing, and yield farming, starting on the BNB Chain with plans to expand to multiple blockchains. Users can earn yields on collateralized crypto assets such as BNB, ETH, and stablecoins.
LISTA, the native token of Lista DAO, plays a crucial role in governance and utility functions, offering economic incentives to encourage user participation. The total supply of LISTA tokens is 1 billion, with an initial circulation of 230 million. The Megadrop incentives account for 100 million tokens, representing 10% of the total supply.
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