๐ข #Binance announced the listing of Bitcoin Liquid Staking token #solv .
The asset will be available for trading starting January 17, with trading pairs SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. It will be tagged as "Seed," characteristic of projects in early development stages.
Solv Protocol is a decentralized platform designed to enhance liquidity and manage financial assets within the cryptocurrency ecosystem. It uses the semi-fungible token standard ERC-3525 (SFT), enabling the creation, issuance, and trading of a wide range of financial agreements and assets. This innovative approach aims to simplify yield aggregation and liquidity management. ๐ก
Key features include Solv Bonds, which facilitate borrowing and lending without collateral for crypto institutions, DAOs, and private users. Additionally, the token vesting solution allows users to securely manage and trade token allocations or SAFTs. ๐
Solv has attracted attention and investment from well-known players in the crypto market, emphasizing its growth potential, especially in bridging Bitcoin's economy with decentralized finance (DeFi). With a growing user base and a high Total Value Locked (TVL), the protocol shows promising market performance and future growth prospects. ๐
Tokenomics of SOLV:
The total supply of SOLV is 1 billion tokens.
Distribution:
Private Sales: 20% (200 million tokens) ๐ผ
Team and Advisors: 20% (200 million tokens) ๐งโ๐ป
Reserve: 20% (200 million tokens) ๐ฐ
Public: 40% (400 million tokens), which will be distributed through liquidity and to users of the ecosystem. ๐
Utility:
Governance: SOLV token holders can participate in the protocol's governance process, making decisions on development and updates. ๐ณ๏ธ
Payments: SOLV tokens can be used to pay fees within the Solv ecosystem, such as fees for creating and managing financial assets. ๐ธ
Incentives & Rewards: The token is used for rewarding participants who provide liquidity and utilize the platform for their financial needs. ๐
Solv has also implemented various mechanisms to support liquidity and encourage long-term token holding, which contributes to the stability of the ecosystem and the token's price growth over time. ๐