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Solv Protocol (SOLV) Megadrop Is Now Open: Subscribe to BNB Locked Products or Complete Web3 Quests to Participate!
2025-01-06 13:04
IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance is excited to announce the 3rd project on Binance Megadrop - Solv Protocol (SOLV), a Bitcoin staking protocol, building a Bitcoin-centric financial ecosystem. Users can start participating in the SOLV Megadrop from 2025-01-07 00:00:00 (UTC). The SOLV Megadrop page is estimated to be available on the Binance App in 12 hours.

Binance will then list Solv Protocol (SOLV) at 2025-01-17 10:00 (UTC) and open trading with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs. The seed tag will be applied to SOLV.

SOLV Megadrop Period:
2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC)

BNB Locked Products Snapshot Period:

To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2025-01-07 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.

Web3 Quest Period:

Users may complete Web3 Quest(s) during the Quest Period.

Web3 Quest 1: “Stake 0.0001 BTCB on Solv Protocol” (Tutorial)

2025-01-17 06:00:00 (UTC)

Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Account.

SOLV Megadrop Details:
Token Name: Solv Protocol (SOLV)

Max Token Supply: 9,660,000,000 SOLV (dynamic, may increase via network governance for Bitcoin Reserve Offering)

Total Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max token supply)

Megadrop Token Rewards: 588,000,000 SOLV ( 7.00% of genesis token supply, 6.09% of max token supply)

Initial Circulating Supply When Listed on Binance Spot: 1,482,600,000 SOLV (17.65% of genesis token supply, 15.35% of max token supply)

Research Report: Solv Protocol (SOLV)

User Eligibility: KYC required in eligible jurisdictions

Hard Cap per User: 4,704,000 SOLV

Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus

Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount * 130) + (Average 90-day BNB Locked Amount * 120) + (Average 60-day BNB Locked Amount * 110) + (Average 30-day BNB Locked Amount * 100) + (Average DeFi BNB Assets Amount * 30)

Web3 Quest Multiplier: 1.5

Web3 Quest Bonus: 500

How to Get Started With Binance Megadrop*:
Log into your Binance account.

Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet. Create your first Binance Wallet now if you have not yet done so.

After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.

Receive Megadrop rewards based on your Total Score.

*Notes:

External wallets imported to Binance Wallet will not count. Only Multi-Party Computation (MPC) wallets that are created in Binance Wallet may participate in Megadrop events.

About BNB Locked Products

For the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).

Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.

Users may receive Megadrop, Launchpool rewards, and HODLer Airdrops at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools or HODLer Airdrops.

BNB Flexible Products assets will not count toward the Megadrop score calculation