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- Cryptocurrency exchange giant Binance has announced its second altcoin project under the new token issuance platform, Megadrop.
- This project, named Lista (LISTA), is a liquid staking and decentralized stablecoin protocol.
- Binance revealed that 100 million out of the total 1 billion LISTA tokens will be distributed as rewards under the Megadrop initiative.
Discover the latest developments in the crypto world as Binance unveils its second Megadrop project, Lista, promising exciting opportunities for investors and enthusiasts alike.
Binance Introduces Lista as Second Megadrop Project
On May 23, Binance officially announced through its website that Lista (LISTA) has been selected as the second project under its Megadrop initiative. Lista is a liquid staking and decentralized stablecoin protocol, and its inclusion in Megadrop marks a significant milestone for the platform. The total supply of LISTA is set at 1 billion tokens, with 100 million tokens allocated as rewards for the Megadrop campaign. The initial supply to be released into the market will be 230 million tokens.
Details of the LISTA Token Distribution
Binance clarified that LISTA currently does not have an existing token and will be listed for the first time on their platform. The exchange also addressed rumors of a pre-sale, stating that no such event had taken place. Investors interested in acquiring LISTA tokens will need to stake Binance Coin (BNB) and/or complete specific web3 tasks. Binance has promised to release further details about the Megadrop amount, web3 tasks, and the listing schedule in upcoming announcements.
Megadrop: A New Era for Token Distribution
Megadrop operates similarly to Binance’s Launchpool platform, offering tasks and airdrops through a web3 wallet. This innovative approach aims to engage the community and provide fair distribution of new tokens. By participating in Megadrop, users can earn rewards and gain early access to promising new projects like Lista. This initiative reflects Binance’s commitment to fostering a decentralized ecosystem and supporting the growth of blockchain technology.
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Conclusion
In summary, Binance’s introduction of Lista as the second Megadrop project highlights the exchange’s ongoing efforts to innovate within the cryptocurrency space. With a total supply of 1 billion tokens and a unique distribution model, Lista presents an exciting opportunity for investors and crypto enthusiasts. As Binance continues to roll out new projects and initiatives, the future of decentralized finance looks increasingly promising.
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