Announcement
New Cryptocurrency Listing
Introducing Solv Protocol (SOLV) on Binance Megadrop! Lock Your BNB and Complete Web3 Quests for Airdrop
IMPORTANT: Binance will be the first platform to list the token mentioned herein. The trading start time will be announced in a separate announcement. 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. More details on the Megadrop amount, Web3 Quests, and detailed listing plan will be announced in a separate announcement soon.
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) (which will be available within 24 hours of publishing this announcement)
What is Binance Megadrop:
Binance Megadrop is a new token launch platform that seamlessly integrates Binance Simple Earn and the Binance Wallet, reinventing users' airdrop experience. Megadrop grants users early access to select Web3 projects before they are listed on Binance.
This unique combination of engagement, education and rewards positions Megadrop as an unparalleled interactive experience within both Binance and the broader crypto ecosystem.
How to Get Started with Binance Megadrop:
Log into your Binance account.
Subscribe to BNB Locked Products and/or complete Web3 Quests to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet. Register for a Binance account and create your first Web3 Wallet now if you have not yet done so.
Complete subscriptions to BNB Locked Products on Simple Earn to accrue scores.
Go to Megadrop on the Binance App (will be announced in the second announcement) and complete all the designated Web3 Quests to accrue scores and obtain a score multiplier.
Receive Megadrop rewards based on your Total Score.
Score-Based Megadrop Mechanism:
Megadrop reward per qualified user will be based on the user’s Total Score in proportion to the Total Scores by all qualified users.
Scoring System:
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.
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.
The system will calculate users’ Total Score by applying the Web3 Quest Multiplier to their total Locked BNB Score and then adding the Web3 Quest Bonus.
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
* If users do not finish all designated Web3 Quests, the multiplier will be 1.
