Solv Protocol is one of the largest BTCfi projects out there, holding the majority of Bitcoin staked in its protocol compared to competitors. Now, Binance is giving users a chance to win a 6 Million Solv Airdrop through the Binance Megadrop. Most people donโt know how to participate in the event and often fail to qualify for the airdrop.
Hereโs our simple guide to qualify for the Solv Airdrop:
๐ How To interact With MegaDropย
1. Make sure you're logged in to your Binance account and have activated the Binance Web3 Wallet. There are two ways to collect points for Megadrop rewards:
2. Lock up your BNB: Subscribe to BNB Locked Savings products on Binance to earn points.
3.Do Web3 tasks: Complete special tasks related to the sepecific projects (Web3 Quests) to earn points.ย
4. More points, better rewards : The Binance app have a Megadrop section. There, you can find Web3 Quests to complete and earn a bonus on your points.
5. The higher your score, the bigger your reward: The total points you earn will determine how much you get rewarded through Megadrop.
โ๏ธ How to create a Binance Web3 Wallet?
1. Download the Binance app, if you haven't already.
2. Log in to your Binance app.
3. Tap on "Wallets".
4. Navigate to the "Web3" tab at the top.
5. Tap "Create Wallet" and make sure you have backup verified.
โก How To Do Web3 Quest?ย
1. Go to MegaDrop Section In your Binance app. You can Find it "More" Section or you can just search it on search Bar.ย
2. You'll see Ongoing MegaDrop event. Click on that. We using Bouncebit For the example.ย
3. Scroll Down you'll see "Web3 Quest" . Click on that and you'll get a specific task to complete.ย
4. Don't worry, there's always tutorial for Quest.ย
๐ How Binance Will Calculate Your Reward ?
1. Megadrop reward per qualified user will be based on the userโs Total Score in proportion to the Total Scores by all qualified users.ย
2. Locked BNB Score: Users will receive a score based on the quantity of BNB subscribed and the length of the subscription period. Longer subscriptions yield higher scores. This score may fluctuate as it is based on averages from daily snapshots.ย
3. Web3 Quest Bonus and Web3 Quest Multiplier: Users will receive a Web3 Quest Bonus and a Web3 Quest Multiplier when they complete all the designated Web3 Quests with the minimum requirements specified.ย
4. The system will calculate usersโ Total Score by applying the Web3 Quest Multiplier to their total Locked BNB Score and then adding the Web3 Quest Bonus.
5. Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus.ย
๐ธLocked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100)ย
๐นWeb3 Quest Multiplier: 1.5x
๐ธWeb3 Quest Bonus: 1,000
๐ช How To Qualify in Solv Megadropย ย
The Megadrop tasks are simple and straightforward, always consisting of two parts: BNB staking, which is constant, and a Web3 task that requires interaction with the protocol.
For Solv Protocol participation:
1. Stake Your Idle BNB on Binance
Donโt worry, youโll still receive your Binance Launchpool and HODLer rewards. If youโve already staked, congratulationsโyouโve already cleared this level.
2. Interaction with the Protocol
In the Web3 quest, youโll need to interact with the protocol using your Binance Web3 wallet. There are two possible ways:
> Stake your BTC on the Bitcoin network.
> Stake your BTC on the BNB Chain.
Remember, both options require a gas fee. On the Bitcoin network, youโll need some BTC to cover the gas fee, and on the BNB Chain, youโll need BNB in your Binance Web3 wallet to cover the gas fee.
> While the exact amount of BTC needed to stake is not yet confirmed, it is likely to fall between 0.0001 and 0.001 BTC.
Keep in mind that Megadrop tasks typically offer higher rewards than both Launchpool and HODLer airdrops because they include a separate Web3 task that many participants tend to skip.
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