We present to you KernelDAO (KERNEL) on the Binance Megadrop platform! Reserve BNB and complete Web3 tasks to receive free distributions for the competitions 🎁👇
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 require staking BNB but also completing Web3 tasks.
In this article, we will present you with 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?
#KernelDao is a DeFi project operating in the restaking sector, and it has achieved 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 proving 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 started yet. It is scheduled to start on April 9, 2025.
40,000,000 KERNEL will be allocated for distribution in 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, based on which the amount of allocation you will receive from the distribution will be determined.
How to participate in MegaDrop and receive KERNEL tokens?
1. Staking BNB
Staking in MegaDrop differs from Launchpool or Hodler, as it is preferred to be locked (Locked) and not flexible (Flexible). Note: (If you choose flexible staking, it can be converted to slisbnb on Web3, which will be better and is accepted in the MegaDrop)
This means that if your staking is locked: 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 to participate.
You can withdraw your tokens from locked staking, but the process takes 7 days, and you will lose all accumulated rewards during that period.
Steps to stake BNB:
From the home page of the Binance app, look for Simple Earn.
Choose the Locked option. Or the Flexible option.
Search for BNB.
Choose the staking duration (from 30 days to 120 days).
Select the amount of BNB you wish to stake, then confirm the operation.
After these steps, you will have staked BNB and will automatically qualify 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.
Note: (The task is not mandatory to receive the distribution, but it gives you extra points that improve your chances of receiving a larger amount of KERNEL.) That is
According to Binance's statement, completing the task grants you:
1100 additional points
A 50% increase in your total points
Requirements for completing the Web3 task:
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 you will be ready to receive your rewards on the specified distribution date of April 14, 2025.
I wish everyone good luck ♥️
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