Binance Megadrop participants can gain early access to Lista's airdrop rewards by subscribing to BNB locked products.
Cryptocurrency exchange Binance hasannounced the introduction of Lista (LISTA), the second project on its token issuance platform,Binance Megadrop.
By subscribing to BNB-locked products or completing specific tasks in the Binance Web3 Wallet, users can gain early access to Listas airdrop rewards, making it an exciting opportunity for participants.
But what is Lista? Let's find out
Lista DAO operates as an open-source liquidity protocol, enabling users to earn yields on collateralized cryptocurrency assets such as BNB, ETH, and stablecoins. It also allows borrowing of its decentralized stablecoin, lisUSD.
The protocol employs a dual token model, comprising a destablecoin lisUSD and LISTA, with mechanisms for instant conversions, asset collateralization, borrowing, and yield farming. Initially native to the BNB Chain ecosystem, Lista DAO plans to expand to multiple blockchains.
A destablecoin is a new asset class within the crypto space, aiming to provide a more accurate representation of the current stablecoin landscape. The prefix de- stands for decentralized, indicating that these coins do not signify price volatility like traditional assets such as BTC.
Destablecoins utilize decentralized, liquid-staked crypto assets as collateral and do not aim for absolute price stability with fiat currencies. Despite not being fully volatile, destablecoins reportedly allow for some price fluctuations similar to regular fiat currencies with varying reference rates and interest rate parities.
Lista DAOs lisUSD is a decentralized, unbiased, collateral-backed destablecoin soft-pegged to the US Dollar. Users who collateralize their assets via Lista can take out a loan in lisUSD against their collateral.
lisUSD is generated, backed, and kept stable through collateral assets deposited into CeVault, functioning as the Lista collateral vault. This mechanism ensures that lisUSD maintains its value and liquidity in the market.
Users can borrow lisUSD by depositing collateral assets into CeVault within Lista. This process introduces lisUSD into circulation and provides users access to liquidity. Others can obtain lisUSD by buying it from brokers or exchanges or by staking lisUSD through LPs on external DEXs.
According to the Lista team, once generated, bought, or received, lisUSD can be used similarly to other cryptocurrencies for payments and transactions, enhancing its utility within the ecosystem.
Lista DAO offers several key features to its users:
Collateralization: Users can collateralize assets such as BNB.
Borrowing: lisUSD can be borrowed against the collateral.
Yield Farming: Users can farm lisUSD to earn yields.
Loan Repayment: Loans can be repaid with lisUSD plus borrowing interest, currently set at 0%.
Collateral Withdrawal: Users can withdraw their collateral after repaying the loan.
To ensure security and trust, the Lista team has renounced ownership of the contract and burned liquidity provider (LP) tokens. These tokens are sent to a burn address, making them irrecoverable and ensuring perpetual baseline liquidity for the token.
This approach protects against potential rug pulls and builds confidence within the community.
LISTA is the native fungible token of Lista DAO, used for governance and utility functions within the protocol. It provides economic incentives to encourage user contributions and participation within the Lista DAO ecosystem.
The token is designed to facilitate decentralized community governance and promote active engagement with the protocol, making it a crucial component of Listas operational model.
Listas tokenomics are designed to foster a robust ecosystem:
Total Supply: 1 billion LISTA tokens.
Initial Circulation: 230 million tokens.
Megadrop Incentives: 100 million tokens, representing 10% of the total supply.
Zero Transaction Fees: Ensures no additional fees for transactions.
LISTA provides economic incentives to encourage user contributions and participation. Users can earn LISTA tokens for their engagement with the protocol, such as depositing or staking with Lista DAO, performing transactions, and participating in governance activities.
LISTA facilitates decentralized community governance for the network. Holders of LISTA can propose and vote on governance proposals to determine future features, upgrades, and parameters of Lista DAO.
This includes decisions on revenue pool allocations, adding new vaults, and adjusting protocol parameters and fee levels. However, LISTA does not entitle holders to vote on the operation and management of Lista DAO, its affiliates, or their assets.
The introduction of LISTA on Binance Megadrop and its subsequent listing on the Binance exchange reflects a significant step for the project.
The total supply of LISTA tokens is set at 1 billion, with an initial circulation of 230 million, representing 23% of the total supply. The Megadrop incentives constitute 100 million tokens, which account for 10% of the supply.
Following the completion of the Megadrop, Binance will list LISTA on its cryptocurrency exchange, with further details regarding the listing plan to be announced separately.
To participate in the Megadrop, users need to utilize their active Binance Web3 Wallet to subscribe to BNB Locked Products on Binance Simple Earn. This subscription reportedly allows users to accrue scores, which are crucial for gaining access to the airdrop rewards.
Additionally, users can complete designated Web3 Quests to gain scores and receive a score multiplier in the Megadrop section of the Binance application.
Megadrop is designed to provide users early access to select Web3 projects before they are listed on Binance, integrating the exchanges Simple Earn feature with the Web3 Wallet, thus transforming the airdrop process.
View post:
Binance Megadrop 2nd Project: What is Lista? - BSC NEWS
- Binance Research Reviews February Crypto Trends: Arbitrum, Blur ... - BSC NEWS [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum's Liquity (LQTY) up 40% as Binance's Multimillion Holdings Unveiled - U.Today [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Crypto Wallets Tied to FTX Abruptly Move Over $102,000,000 To Binance, Coinbase and Kraken - The Daily Hodl [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Coin, Polygon and Big Eyes Coin - Three Long-Term ... - NewsWatch [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Learn CryptoTax 101 with Binance Australia - Business News Australia [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance vs. Coinbase: Which crypto exchange is right for you? - Yahoo Finance [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens - CoinDesk [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Halts GBP Deposits and Withdrawals - Crypto Briefing [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance-Voyager deal to proceed without holdings, NY judge rules - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance CEO announces recovery funds conversion from BUSD to native crypto - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Helium's HNT Crypto Token Slides to 2-Month Low After Binance.US Delisting Announcement - CoinDesk [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Announces to Back ETH 2.0 Staking Withdrawals after the ... - Blockchain Reporter [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance Unveils Game-Changing Product Updates Across Its ... - Blockchain Reporter [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Bitcoin Surges as Bank Client Rescue Eases Contagion Fears, Fuels Hopes for Fed Dovishness; Binance's $1B Conversion Helps, Too - CoinDesk [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- SEC v. Ripple: John Deaton says Hinman documents will be made public and support defense for Coinbase, Binance - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Traders Union Experts Published Their Binance Coin Price Prediction For 2030 - mid-day.com [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Space ID to Launch ID Token on Binance Launchpad - BSC NEWS [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Whale moves $33 million worth of Ethereum to Binance in one go: What this means for ETH - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- More People Are Downloading Crypto Apps Like Coinbase, Binance, Heres Why - NewsBTC [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance removes BUSD from its $1 billion SAFU Fund, swaps it with USDT and TUSD - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance CEO CZ Ridicules Troubled US Financial Institutions By ... - Investing.com [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance removes BUSD from SAFU fund adds TUSD, USDT - CryptoSlate [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance Touts Compliance While Avoiding Financial Disclosures - BeInCrypto [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance replaces BUSD in SAFU fund with TUSD and USDT - Cointelegraph [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Arbitrum (ARB) Token Listed on Binance Exchange Ahead of Massive Airdrop: Details - U.Today [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance battles 'FTX redux' fears as regulators blow-torch the crypto giant - Markets Insider [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance: Rebuilding Trust in Crypto - CryptoPotato [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Analyzing exchange stablecoin holdings: Will Tether (USDT) lose relevance as Binance favors True USD (TUSD)? - FXStreet [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Litecoin (LTC) And Binance (BNB) Reel As Bulls Find Collateral ... - NewsWatch [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Coinbase Stock Has Held Up Amid the Regulatory Crackdown on Crypto, Binance - Barron's [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Ripple (XRP) Explodes 20% Unfazed by Binance-CFTC Lawsuit, Bitcoin Consolidates: This Weeks Crypto R... - CryptoPotato [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance: Could CFTC Lead To Bigger Problems? (Cryptocurrency ... - Seeking Alpha [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance burns 1.6 billion LUNC, heres how the token reacted - AMBCrypto News [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance and Miami Heats Jimmy Butler Hit With $1B Crypto Lawsuit - Decrypt [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance Faces Backlash Over BUSD Operations Amid Scrutiny - BeInCrypto [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- This Week in Coins: Bitcoin and Ethereum Survive CFTCs Binance Crackdown - Decrypt [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance Exchange and CEO Face Yet Another Legal Battle - BeInCrypto [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- From Hamas warnings to VIP perks and criminal clients: the US regulators claims against Binance - The Guardian [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance Collaborates With Showmax To Incentivize Crypto Adoption ... - Peace FM Online [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Japan targets Binance, 4 other crypto exchanges as Bittrex bows out ... - Kitco NEWS [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Cardano: Crypto Community on Twitter Tells Binance.US That ... - CryptoGlobe [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Price Predictions For Helium (HNT) and Binance (BNB) Is Reasonable, While Collateral Network (COLT) 3500% - Bitcoinist [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Half Billion Dogecoin Moved by Binance in Wake of Positive DOGE News - U.Today [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Binance to Temporarily Suspend Ethereum (ETH) Deposits on This Date - U.Today [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Binance and Coinbases Market Share Slumped in Q1 As Regulators Targeted Crypto Giants: New Report - The Daily Hodl [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Dubai regulator demands Binance provide info on ownership, governance: Report - Cointelegraph [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Orbeon Protocol (ORBN) Rises To The Top While Helium (HNT) and ... - Cryptopolitan [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- CZ says current blockchain throughput cannot make Binance a hybrid exchange - CryptoSlate [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Terra Classic Could Receive $5M in Funding From Binance - The Crypto Basic [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance Coin (BNB) and Cardano (ADA) Lose Steam As TMS Network (TMSN) Jumps 10x in Presale | Bitcoinist.com - Bitcoinist [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance, Showmax partner to deepen crypto adoption in Africa - Businessday [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance Coin price analysis: BNB price recovers to $311 after ... - Cryptopolitan [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Dog Days are Over: Bitcoin Holds Ground Amid Binance Lawsuit ... - Analytics Insight [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Debunking Crypto Myths With Binance! The Myth of Crypto Being ... - Bitcoin News [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- BTC white paper hidden on macOS, Binance loses AUS license and ... - Investing.com [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- CFTC Charges Binance and its Founder with Multiple CEA Violations - JD Supra [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Report: Binance US Struggles to Secure Banking Partner Amid ... - Bitcoin News [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Shiba Inu: Binance.US Poll on SHIB Creator Sparks Interesting Community Response - U.Today [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- What Binance's US lawsuit says about the future for cryptocurrency regulation - The Conversation [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance and Coinbase Have Been Sucked Into a Regulatory Turf War - WIRED [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance's US arm struggles to find bank to take its customers' cash, Wall Street Journal reports - Reuters [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- DigiToads Leaves Binance Coin and Polkadot Behind with Its ... - The Coin Republic [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- MetaMask denies hack claims, sparking security concerns amongst ... - Euro Weekly News [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Binance Coin Asian Wrap 03 May - FXStreet [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- After Binance And Coinbase This Exchange is penalized by the New York Regulators - Coinpedia Fintech News [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Total LUNC Burns Surpass 31B as Exchange Burns 1.2B+ ... - The Crypto Basic [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- SUI Network and Token to Be Listed on Binance, OKX, and Bybit ... - Blockchain Reporter [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Comparing Bitgert and Binance Coin: Similar Teams, Different Price ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Says ChatGPT Is Attacking Platform and CZ Personally in Its Answers - U.Today [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Digital Gold Rush: Binance Coin And Dogetti's Race To Dominate ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance To Retire Deposit Addresses On Ethereum; Here's Why ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance urges balanced regulatory approach for crypto to ensure innovation, growth are not stifled - CryptoSlate [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Adds SHIB And DOGE To Its Liquidity Pools; Signuptoken ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Top 10 Binance Trading Bots You Must Know About in 2023 - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- AX1 Releases Research on Binance Key Project - Trust Wallet Press release Bitcoin News - Bitcoin News [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Continues Its Expansion: Now In Japan on June 2023 - Blockzeit [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance claims to be target of ChatGPT-based smear campaign in Washington, D.C. - Fortune [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Jane Street and Jump Crypto Crushed by Regulatory Crackdown, Binance and Coinbase Brace for Impact - Coinpedia Fintech News [Last Updated On: May 10th, 2023] [Originally Added On: May 10th, 2023]
- Crypto Market Analysis: Heres What Next For Ethereum (ETH) & Binance (BNB) Price - Coinpedia Fintech News [Last Updated On: May 10th, 2023] [Originally Added On: May 10th, 2023]