#BinanceMegadropSolv
Binance announces the launch of Solv Protocol on its Megadrop platform.
Binance has now introduced Solv Protocol, a Bitcoin staking protocol with aspirations to build a Bitcoin and Bitcoin-native financial ecosystem.
No other platform will be launching the SOLV token, and any platform claiming to “list” or offer SOLV tokens ahead of the launch schedule is false advertising, Binance explains. The exact details and trading times will be announced separately. An updated formal research report on Solv Protocol will also be published in the next 24 hours.
Solv Protocol tokenomics includes a maximum supply of 9,660,000,000 SOLV tokens and a genesis supply of 8,400,000,000 tokens, which constitutes 86.96% of the total supply. Of these, 588,000,000 SOLV tokens, which constitutes 7% of the genesis supply and 6.09% of the maximum supply, will be distributed as part of the Megadrop rewards.
At the time of Binance listing, the circulating supply will be 1,482,600,000 SOLV tokens, representing 17.65% of the Genesis supply and 15.35% of the maximum supply. The exchange will share more details about the Megadrop reward structure, Web3 Quests, and listing plans in a separate announcement.