IMPORTANT: Binance will be the first platform to list the token mentioned in this announcement. The trading start time will be published in a separate announcement. Any announcement of this token being listed for sale before the stated date constitutes false advertising. Please conduct your own research to ensure the safety of your funds.
Dear Binancian,
Binance is pleased to announce the arrival of the 3rd project on Binance Megadrop: Solv Protocol (SOLV), a Bitcoin staking protocol that creates a financial ecosystem around the token. More details on the Megadrop amount, Web3 Quests, and the listing program will be shared in a separate announcement soon.
SOLV details on Megadrop:
Token Name: Solv Protocol (SOLV)
Maximum token supply: 9,660,000,000 SOLV (dynamic, can increase via network governance for Bitcoin reserve supply)
Supply totale de tokens d’origine : 8 400 000 000 SOLV (86,96 % de la supply maximale de tokens)
Megadrop Token Rewards: 588,000,000 SOLV (7% of original token supply, 6.09% of max supply)
Initial circulating supply at time of listing on Binance Spot: 1,482,600,000 SOLV (17.65% of original token supply, 15.35% of maximum supply)
Research Report: Solv Protocol (SOLV) (will be available within 24 hours of this announcement being posted)
What is Binance Megadrop?
Binance Megadrop is a token launchpad that seamlessly integrates Binance Simple Earn and Binance Wallet to reinvent the airdrop experience. Megadrop gives users early access to select Web3 projects before they list on Binance.
This unique combination of engagement, education, and rewards makes Megadrop an unrivaled interactive experience within Binance and the entire crypto ecosystem.
How to get started on Binance Megadrop?
Log in to your Binance account.
Subscribe to BNB-locked products and/or complete Web3 Quests to accumulate scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet. Register on Binance and create your first Web3 Wallet now if you haven’t already.
Subscribe to BNB-locked products on Simple Earn to accumulate scores.
Access Megadrop on the Binance app (second announcement communication) and complete all designated Web3 quests to accumulate scores and get a score multiplier.
Receive rewards on Megadrop based on your total score.
Megadrop Score-Based Mechanism:
The Megadrop reward paid to each eligible user will be based on the user's total score in proportion to the total scores of all qualified users.
Scoring system:
Locked BNB Score: Users will receive a score based on the amount of BNB subscribed and the length of the subscription period. Longer subscription periods result in higher scores. This score may fluctuate, as it is based on daily capture averages.
Web3 Quest Bonus* and Web3 Quest Multiplier: Users will receive a Web3 Quest Bonus as well as a Web3 Quest Multiplier upon completing all designated Web3 Quests by meeting the minimum requirements.
The system will calculate users' total score by applying the Web3 Quest Multiplier to their total locked BNB score, then adding the Web3 Quest Bonus to the resulting sum.
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
*If all designated Web3 quests are not completed, the multiplier will be 1.
Refer to the FAQ for more information.
Update on BNB Locked Products
In anticipation of upcoming Megadrop events, Binance has updated the APRs and maximum subscription limits per user. Please check BNB-locked products for the latest changes.
A cap will be applied to the total subscription amount for BNB-locked products used in the BNB Locked Score calculations for all Megadrop events. Further details will be announced separately.
For each Megadrop, users will receive different scores for each active subscription to BNB-locked products they own, depending on the duration of the corresponding subscription period. The longer the duration, the higher your BNB-locked score.
Subscribing to BNB-locked products will allow users to accumulate scores for Megadrop. Please note that BNB Vault assets are not included in the calculation of scores for Megadrop events.
Users who participate in Megadrop by locking their BNB into locked products will also receive Launchpool rewards and HODLer airdrops in parallel. They are not required to manually retrieve their BNB from BNB-locked products to participate in Launchpools.
Users can check the Frequently Asked Questions (FAQ) about Megadrop and BNB-locked products to learn more.
Remarks :
External wallets imported into Binance Wallet will not be counted.
Only users with saved wallets created in Binance Wallet can participate in Megadrop.
Users can visit the Megadrop project page (link available in the second announcement) to check if a specific quest has been completed.
The rewards offered by Megadrop will be credited to users’ Binance Spot wallets in the form of airdrops.
SOLV Project Links:
Site Web
Whitepaper
X
Medium
Additional information:
What is Binance Megadrop?
What is Binance Wallet and how does it work?
How to backup your Binance Wallet?
General conditions:
Only users who have verified their identity and hold at least one active Binance Wallet can earn Megadrop rewards.
Snapshots of users’ BNB-locked product subscriptions will be taken multiple times per hour at random times to obtain their hourly average subscriptions and calculate their rewards. The rewards distributed to users will be updated daily.
Binance may, in its sole and absolute discretion, increase the caps on tokens awarded as rewards.
Please refer to the Binance Simple Earn Terms of Use before investing in BNB-locked products on the Binance Simple Earn platform, and the Simple Earn Locked Products FAQ for more information.
Thank you for your support!
The Binance Team
30/12/2024
Risk Warning: Earn products carry risks. Please note that (i) digital assets are particularly volatile assets and may be inappropriate for you and your profile, so you should only invest in products that you are familiar with and whose risks you understand (ii) digital assets may include a risk of capital loss and a risk of loss of value of your capital and (iii) past performance is not a reliable indicator of future returns. In particular, the yields ("APR" or "APY") offered to you may vary every minute. The yield displayed at the time of your subscription is not guaranteed for the duration of the subscription. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. For more information, see our Terms of Use and Risk Warning.
