Binance announced last week the launch of the MegaDrop event for the KERNEL DAO project and its KERNEL token.

MegaDrop projects stand out from other distribution methods, as it does not only involve staking BNB, but also requires completing Web3 tasks.
In this article, we will cover all the details related to the Kernel project, along with a comprehensive explanation of how to participate in the MegaDrop event.

What is the Kernel DAO project?

Kernel DAO is a DeFi project operating in the restaking sector, achieving notable success on the BNB Chain, ranking third in terms of total value locked (TVL).

The restaking sector is considered one of the most promising sectors in the cryptocurrency market recently, with several projects demonstrating their ability to grow and sustain.

MegaDrop Details for KERNEL Token

Although Binance announced the event last week, the actual distribution for the MegaDrop event has not yet started. It is scheduled to launch on April 9, 2025.

40,000,000 KERNEL will be allocated for distribution within this event, which is equivalent to 4% of the total supply of the token.
As mentioned, the event requires staking BNB in addition to completing the Web3 task to earn points, which are used to determine the allocation amount you will receive from the distribution.

How to participate in MegaDrop and receive KERNEL token?

1. BNB Staking

  • Staking in MegaDrop is different from Launchpool or Hodler, as it requires locked staking and not flexible staking.

  • This means you need to stake BNB for a predetermined period, and you cannot withdraw it immediately as is the case with flexible staking.

  • You must choose a staking duration of 30 days or more to be eligible for participation.

  • You can withdraw your coins from locked staking, but the process takes 7 days, and you will lose all accumulated rewards during that period.

Steps to stake BNB:

  1. From the main page of the Binance app, look for Simple Earn.

  2. Choose the Locked option.

  3. Look for the BNB token.

  4. Select the staking duration (from 30 days to 120 days).

  5. Specify the amount of BNB you wish to stake, then confirm the process.

After these steps, you will have staked BNB and will be automatically eligible for the MegaDrop event, in addition to benefiting from Launchpool and Hodler rewards at the same time.

2. Complete the Web3 task

  • You can complete the Web3 task using the Binance Web3 Wallet.

  • The task is not mandatory to receive the distribution, but it grants you additional points that improve your chances of receiving a larger amount of KERNEL.

  • According to Binance's statement, completing the task grants you:

    • 1,100 additional points

    • A 50% increase on your total points

Web3 Task Requirements:

  • Withdraw at least 0.013 BNB from your Binance account.

  • Stake at least 0.01 BNB on the Kernel DAO protocol.

Once you complete the task, you will have fulfilled all participation requirements and will be ready to receive your rewards on the scheduled distribution date, April 14, 2025.