Binance has introduced Solv Protocol (SOLV) as the third project on its Megadrop platform, offering users early access to SOLV tokens before their official listing.
Participation Period:
Megadrop Duration: January 7, 2025, 00:00 UTC – January 16, 2025, 23:59 UTC.
BNB Locked Products Snapshot: To maximize your Locked BNB Score, consider locking your BNB in BNB Locked Products before January 7, 2025. Hourly snapshots of BNB subscriptions will be taken throughout the period.
Web3 Quest Period: Complete designated Web3 Quests during this time to boost your score.
How to Participate:
1. Lock BNB in Simple Earn:
Navigate to the "Earn" section on Binance and select BNB Locked Products.
Lock your BNB for preferred durations (30, 60, 90, or 120 days) to earn rewards.
2. Complete Web3 Quests:
Quest: Stake 0.0001 BTCB on Solv Protocol.
Steps:
Fund your Binance Web3 Wallet with BTCB.
Access the Solv Protocol dApp via the Binance app.
Deposit a minimum of 0.0001 BTCB to mint SolvBTC.
Confirm the transaction and verify task completion on the Megadrop page.
Score Calculation:
Total Score = (Locked BNB Score × Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score: Calculated based on the average amount of BNB locked over different durations, with longer lock periods yielding higher multipliers.
Web3 Quest Multiplier: 1.5
Web3 Quest Bonus: 1,000
Token Details:
Token Name: Solv Protocol (SOLV)
Maximum Token Supply: 9,660,000,000 SOLV
Megadrop Token Rewards: 588,000,000 SOLV
Initial Circulating Supply on Binance: 1,482,600,000 SOLV
Listing Information:
Binance will list Solv Protocol (SOLV) on January 17, 2025, at 10:00 UTC, with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
*Please ensure your Binance account is KYC-verified and that you have a Binance Web3 Wallet set up to participate in the Web3 Quests.*
