Article Title: ListaDAO: The Stablecoin Project Backed by Binance
Today at 5 PM, the airdrop for ListaDAO will begin, and it will be listed on Binance on June 20th at 6 PM. If you have participated in staking before, now is the time to check if you are eligible for the airdrop: [link].
With the backing of Binance, the leading stablecoin and staking protocol on BSC, receiving the $LISTA airdrop raises important questions: should you sell, when should you sell, should you increase your holdings, and when should you do so?
I. Why is Binance endorsing stablecoins in its AMA?
To understand where the hot money will flow and where the safest opportunities lie in the near future, it is necessary to examine Binance’s business categories.
Over the past seven years, Binance has focused on three key areas: gaining more traffic through branding, improving trading scenarios, and enhancing the monetization efficiency of traffic while strengthening the brand.
We can categorize Binance’s business structure into three sections, all of which ultimately serve trading. Just like fast-moving consumer goods, traffic is everything:
– Brand-building business: Binance Labs, BSC Ecological Fund, Binance Research.
– Traffic expansion business: Listings, BSC Ecological projects, external media, wallets, Binance Academy, Binance Square.
– Trading scenario business: CEX, DEX, derivatives, Binance Earn, lending, NFT platforms, Launchpad, Launchpool, Megadrop, stablecoins.
All these business sectors have seen significant development, particularly in terms of branding and traffic building, which has served as a strong reference for many other institutions. However, from an infrastructure perspective, BNB Chain has not yet formed a complete commercial ecosystem and has been continuously benchmarking against Ethereum.
The rapid evolution of the on-chain ecosystem has always resulted in waves of new projects. But regardless of how the Web3 industry develops, both project teams and users need to monetize their assets, and this cannot be achieved without stablecoins. This is closely related to all Web3 users.
Thus, institutions believe that stablecoins offer a market with over 100 million users and an essential source of revenue.
BNB Chain has been actively developing stablecoin projects, such as:
– GrizzlyFi$GNHY, starting with stablecoin mining pools, with plans to establish a stablecoin exchange and issuance focus.
– Pancake IFO project Wombat, preparing to create a curve on BSC.
– ListaDAO, planning to launch a new stablecoin by combining Maker DAO’s over-collateralization and algorithmic stablecoin’s rebase mechanism.
Among these three projects, only ListaDAO has yet to be listed. If stablecoins on BSC can succeed, then BNB Chain will gradually establish its own central bank, similar to Ethereum. At that point, BSC will have the ability to compete with Solana, attracting both traffic and transactions.
II. About ListaDAO
ListaDAO is a hybrid algorithmic stablecoin built on the BSC chain, following the model of MakerDAO on the Ethereum chain. However, ListaDAO differs by adding liquidity staking and liquidity provision from decentralized exchanges (DEX) to mitigate the issues of fund freezing (fiat support) or value loss (algorithmic) caused by price instability. This helps enhance capital efficiency and reduce the risk of fund freezing.
1. ListaDAO consists of two tokens:
– lisUSD (stablecoin)
– LISTA (platform token, the one that will be listed)
2. LISTA is the governance token of ListaDAO, which serves the following functions:
– Governance: LISTA token holders can vote on protocol governance decisions.
– Protocol incentives: Users who borrow lisUSD against collateral or provide liquidity to the lisUSD and slisBNB pools can earn LISTA tokens as rewards.
– Voting: Users can lock their LISTA tokens as veLISTA and vote for the collateral they want to use for minting lisUSD and the liquidity pools they want to receive a higher LISTA token emission rate.
– Fee sharing: Users who lock LISTA tokens for veLISTA are also eligible for fee sharing.
III. Tokenomics and Price Projection
The total supply of $LISTA is 1 billion tokens, with an initial circulation of 230 million tokens (23% of the total supply).
– Binance Megadrop allocation: 100 million tokens
– Airdrop allocation: 100 million tokens
– Other releases: 30 million tokens
Based on historical data, Binance’s initial listing projects had a fully diluted valuation (FDV) of $300 million. Therefore, the initial price for $LISTA is expected to be around 0.3u per token. Currently, the over-the-counter trading price is at 0.58u per token.
Referring to the stablecoin project $ENA, which was listed on Binance in the first half of the year with a total supply of 15 billion tokens and an initial circulation of 1.425 billion tokens, the initial OTC trading price was around 0.675u per token. After listing on Binance, $ENA not only avoided being dumped due to the airdrop but also experienced an upward trend, reaching a peak of 1.48u per token (FDV of 22.2 billion, MC of 2.1 billion), a 119% increase compared to the OTC price.
Based on its current popularity, the market capitalization of $LISTA is expected to reach $100-300 million or more, with an initial listing price ranging from 0.43u to 1.5u.
If you received $LISTA tokens through the airdrop, it may be wise to wait and observe if the price reaches new highs. This project is supported by Binance and plays a crucial role in establishing a central bank on the BNB Chain.
PS: Apart from Binance, $LISTA will also be listed on bitget, mexc, and kucoin simultaneously.
