Binance Unveils KernelDAO (KERNEL) as Fourth Megadrop Project
Key Takeaways:
- Binance launches its fourth Megadrop featuring KernelDAO (KERNEL), providing early access to tokens.
- Users can earn KERNEL rewards by locking BNB in Simple Earn and taking on designated Web3 Quests on Binance Wallet.
- The airdrop mechanism features a unique point-scoring system based on locked BNB contributions and the completion of Web3 Quests.
Leading global cryptocurrency exchange Binance on Wednesday announced that it will add KernelDAO (KERNEL) to the Binance Megadrop platform, marking it as the fourth project featured in the Megadrop program. This listing allows its users to have early access to KERNEL tokens prior to their public listing.
Introducing KERNEL (KernelDAO): The Fourth Megadrop Project on Binance
Binance describes KernelDAO as a restaking protocol that supports the Kernel, Kelp, and Gain ecosystems.
KernelDAO Project Links:
- Homepage: https://kerneldao.com
- Whitepaper: https://kerneldao.gitbook.io/litepaper
- X (Twitter): x.com/kernel_dao, x.com/KelpDAO
Megadrop as a platform represents a significant evolution in token launch strategy. It combines Binance Simple Earn features with the Binance Web3 Wallet, providing a first-of-its-kind route for users to claim airdrops. Unlike other airdrops, Megadrop is not passive — it combines engagement, user education, and rewards into one interactive experience throughout the Binance ecosystem and the wider crypto world. Such mechanisms, in turn, allow project teams to gain visibility and community engagement even before official trading of the project takes place.
Binance also stated that it would be the first platform to list the KERNEL token and that the exact times for trading KERNEL would be announced in a later update. This early listing on Binance provides KernelDAO with a unique opportunity to gain exposure to a global audience, which could contribute significantly to its price discovery process and market acceptance. Being listed on Binance gives new tokens significant momentum and liquidity. Binance warned against false claims of selling tokens early, urging users to DYOR to protect their funds.
Understanding the KernelDAO (KERNEL) Megadrop Specifics
For this particular Megadrop event with KernelDAO, here are some details that have been outlined:
- Token Name: Kernel DAO (KERNEL)
- Max & Total Token Supply: 1,000,000,000 KERNEL
- Megadrop Token Rewards: The KERNEL total allocation for this Megadrop event only, is 40,000,000 KERNEL, 4.00% of the total token supply.
- Additional Allocation: This will allocate an additional 40,000,000 KERNEL (or another 4%) for other marketing campaigns, distributed in batches 6 months after the spot listing. More information about these campaign will be shared separately.
- Initial Circulating Supply: Estimate of initial circulating supply upon listing on Binance Spot would be 162,317,496 KERNEL. Only 16.23% of the total supply will be in circulation initially, ensuring controlled distribution.
They also stated that KERNEL’s Research Report would be published within 24 hours of the first announcement, providing further insights regarding the project. Additional details on the specific Megadrop reward amounts for each user, what the Web3 Quests entail, and the completed listing plan will be provided in a separate update approximately one week after the initial announcement.
Guide to Participate and Earn in the KernelDAO Megadrop
The KernelDAO Megadrop is a 2-step process intended to reward user participation and engagement:
- Locking BNB: Users have to allocate their BNB to BNB Locked Products within Binance Simple Earn. This score is determined by the total number of BNB locked, and the length of the subscription. Inherent to longer lock-up periods are higher scores. Note: These scores can vary day to day based on the averages across a snapshot. This is key to remember, as assets within BNB Flexible Products do not contribute toward the Megadrop score.
- Quest Task Completion: Users must connect their Binance Web3 Wallet and complete assigned quests. Users must have at least one active backed-up Binance Wallet to participate; an imported external wallet is not eligible. Users who complete each of the specified Web3 Quests will receive a Web3 Quest Bonus and a Web3 Quest Multiplier.
The ultimate reward payout potential is determined by a user’s Overall Score, which is calculated as follows:
Total Score = (Locked BNB Score x Web3 Quest multiplier) + Web3 Quest Bonus
One key takeaway of note is that the Web3 Quest Multiplier defaults to 1 if a user does not complete all the specified Web3 Quests that will have a substantial impact on the user’s final score calculated from locked BNB.
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