Lista DAO operates as an open-source liquidity protocol enabling users to earn yields on collateralized crypto assets such as BNB, ETH, stablecoins, and others.
By Anisha Pandey
Edited by Julia Sakovich
Updated
3 mins read
One of the world’s biggest cryptocurrency exchange platforms, Binance, is bringing Lista (LISTA) on board as the second project on its recently launched token platform, Binance Megadrop. This comes with significant anticipation as Binance will be the first platform to list the token, providing early access to its users through a combination of airdrops and Web3 quests.
In a recent press release, Binance revealed the listing of LISTA, a protocol focusing on liquid staking and decentralized stablecoins. The exchange stated that further information on the Megadrop amount, including Web3 quests, official listing start time, and detailed listing plans will follow in subsequent announcements.
Notably, the maximum token supply for Lista is set at 1 billion LISTA. Out of this total, 100,000,000 LISTA, which represents 10% of the maximum token supply, will be allocated as Megadrop Token Rewards. The announcement added that, at the time of the launch, the initial circulating supply will be 230,000,000 LISTA, which represents 23% of the maximum token supply.
The exchange went further to caution the investors by stating, “Please do your own research to ensure the safety of your funds.” It further adds:
“Any claims to offer this token for sale before the stated timeline are false advertising.”
LISTA serves as a multi-utility token within the Lista DAO ecosystem. Designed for governance functions, it supports various financial activities within the ecosystem, including instant conversions, asset collateralization, borrowing, and yield farming.
Lista DAO operates as an open-source liquidity protocol enabling users to earn yields on collateralized crypto assets such as BNB, ETH, stablecoins, and others. It also facilitates borrowing through its decentralized stablecoin, lisUSD, also known as a “Destablecoin”. The model is inspired by MakerDAO’s system but aims to expand its functionalities.
Binance announced the launch of Binance Megadrop in April this year, with the aim to provide early access to select Web3 projects before their tokens are listed on the Binance Exchange. It focuses on enhancing the token launch experience by integrating Binance Simple Earn and the Binance Web3 Wallet.
To access Binance Megadrop, users need to log in to their Binance account, making sure they have at least one active Binance Web3 Wallet. They can subscribe to BNB Locked Products and/or complete Web3 Quests to get scores that may accumulate over time. These scores will determine the rewards they receive through the Megadrop program.
The listing of LISTA on Binance Megadrop marks a significant milestone for both Binance and the Lista DAO project. The exchange’s innovative Megadrop platform is set to provide its users with exclusive early access to promising Web3 projects.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
