Crypto airdrops have become a significant trend, with around $4 billion worth of cryptocurrencies distributed this year alone. Yet, many geeks miss out on substantial rewards.  

If you haven't secured even $1000 from these airdrops, you're not alone. However, Binance has introduced a solution to help you tap into the hottest airdrops on the market.

Introducing Binance Megadrop—a launchpad that seamlessly integrates Binance Web3 Wallet and Binance Simple Earn, designed to maximize your airdrop profits and make it super-easy for all users to enjoy some free cash.

Lista DAO, the second-ever project available on Binance Megadrop, offers participants 10% of its token supply. This article will guide you through participating in this promising airdrop opportunity.

What is Lista DAO?

Lista DAO is a decentralized protocol that combines yield earning with stablecoin borrowing. 

Similar to MakerDAO, Lista allows users to farm rewards on collateralized assets such as BNB, ETH, stablecoins, and Liquid Staking Tokens. 

One of the project's key innovations is the introduction of $lisUSD – a new type of stablecoins. But, how does $lisUSD differentiate itself from other stablecoins? There are two big differences: 

  1. Collateralization: Lista DAO only uses decentralized, liquid-staked assets as collateral.

  2. Price Stability: Unlike traditional stablecoins, Lista’s $lisUSD does not aim for absolute price stability with fiat currencies. Instead, it focuses on creating a more efficient protocol for earning and borrowing.

Besides that, Lista offers a wide range of functionalities. With Lista DAO, you can:

  • Collateralize your crypto assets

  • Borrow lisUSD for various DeFi activities

  • Farm or lend lisUSD for yields

  • Repay borrowed lisUSD plus interest

  • Withdraw collateral

  • Earn LISTA rewards for borrowing (coming soon)

  • Govern the protocol with LISTA (coming soon)

This way, Lista DAO aims to help promote blockchain tech and adapt it for mainstream adoption. The protocol incentivizes borrowers and stakers to become a part of a new decentralized economy of scale.

How to Participate in Lista DAO's Airdrop

Participating in the Lista DAO airdrop is super-easy. Follow these three essential steps to get your allocation:

Step 1: Setting Up a Binance Web3 Wallet

If you don't already have a Binance account, start by creating one using this link Once your account is set up, follow these steps:

  1. Navigate to the "Wallets" tab.

  2. Select "Web3."

  3. Create a wallet with a strong password.

Note: Do not import an existing wallet on Binance if you wish to be eligible for the airdrop.

Step 2: Transferring BNB to Your Web3 Wallet

To participate in the airdrop tasks, you need to have at least 0.01 BNB in your Web3 wallet. You can transfer BNB from an external wallet or directly from your Binance Spot wallet. Here’s how to transfer from your Spot wallet:

  1. Click on "Receive" and then "Transfer In."

  2. Select BNB and BEP20, then click "Transfer."

  3. Specify the amount of BNB to transfer and click "Withdraw."

Step 3: Completing Quests and Earning Money

After transferring at least 0.012 BNB to your Web3 wallet, you can stake it at Lista DAO by following these steps:

  1. Navigate to the "Megadrop" tab on Binance and click on Lista DAO.

  2. Scroll down, click "Start Quest," then "Start Now."

  3. Connect your Binance Web3 wallet and click "Stake BNB."

  4. Stake 0.012 BNB and return to the Quest page to click "Verify."

Completing these steps qualifies you as a participant in the airdrop.

Maximizing Your Rewards: Lock Your BNB

If you have additional BNB, consider locking it to increase your chances of receiving a better token allocation. Here's how:

  1. Go to Lista DAO's page and click "Subscribe."

  2. Choose the duration for the lock-up period.

  3. Specify the number of tokens to lock and confirm the transaction.

Your final score, which determines your token allocation, is calculated using the following formula:

Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus

For example, if you locked 10 BNB for 60 days, your score would be calculated as follows:

  • Locked BNB = 10 * 110 = 1100

  • Web3 Quest Multiplier = 1.5x

  • Web3 Quest Bonus = 1000

Final Score = (1100 * 1.5) + 1000 = 2650

Conclusion

Participating in the Lista DAO airdrop via Binance Megadrop offers you a unique opportunity to earn substantial rewards while supporting an innovative project. Follow the steps outlined in this guide to maximize your chances of success.

If you have already participated, share your total score in the comments and let others know about your experience. Don’t forget to share this article with your crypto-loving friends! 

If you don’t have a Binance account, use this link to create one: https://accounts.binance.com/register?ref=584229239

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