Binance has introduced Lista (LISTA), a decentralized stablecoin system, via its token issuance platform, Binance Megadrop.
Binance, a cryptocurrency exchange, has announced the introduction of Lista (LISTA), a decentralized stablecoin system, through its token issuance platform, Binance Megadrop. This project will mark Binance Megadrop’s second release.
Early access to Lista’s airdrop rewards is possible for those who complete project-specific goals in the Binance Web3 Wallet or subscribe to BNB-locked products.
We will issue one billion LISTA tokens in total; initially, we will circulate 230 million tokens, or 23% of the total. Megadrop incentives account for ten percent of the total supply, or 100 million tokens. Binance will list LISTA on its cryptocurrency exchange after the megadrop ends, and it will disclose the specifics of the listing strategy later.
To participate, users should activate their Cryptocurrency exchange Web3 Wallet and subscribe to BNB Locked Products on Binance Simple Earn. They’ll be able to get points for this. Users can, as an alternative, complete certain Web3 quests in the Megadrop area of the Binance app to earn points and a multiplier.
The cryptocurrency exchange Megadrop revolutionizes the airdrop procedure by fusing the Web3 Wallet with the exchange’s Simple Earn function. Through the new portal, users can gain early access to a few Web3 projects before their formal listing on cryptocurrency exchanges.
What is the difference between the LISTA Token and Lista?
Users can earn returns on collateralized cryptocurrency assets like BNB, ETH, and stablecoins, among other cryptocurrencies, through Lista DAO’s open-source liquidity protocol. Additionally, LisUSD, its decentralized stablecoin, is available for borrowing.
The protocol uses two token models, LISTA and lisUSD, in addition to yield farming, asset collateralization, quick conversions, and borrowing procedures. Lista DAO is initially local to the BNB Chain ecosystem, but it soon intends to spread to other blockchains.
Utility and governance purposes utilize the native cryptographically secure fungible token of the Lista DAO, LISTA. The currency also provides financial incentives to promote user involvement and contributions within the Lista DAO ecosystem.
The token complies with ERC-20 and BEP-20 specifications. It also serves as a medium of trade, allowing users on a decentralized exchange (DEX) to swap or deposit into a farming pool based on their preferences. This enables them to compound their yields, get loans, and/or optimize capital efficiency.