Binance has unveiled the third project on its Megadrop platform: Solv Protocol (SOLV token). With a total reward of 588,000,000 SOLV, this initiative offers an exciting opportunity for participants.
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Solv Megadrop Details
Token Name: Solv Protocol (SOLV)
Maximum Total Supply: 9,660,000,000 SOLV (subject to governance for Bitcoin reserve offering)
Genesis Token Total Supply: 8,400,000,000 SOLV (86.96% of max supply)
Megadrop Reward: 588,000,000 SOLV (7% of Genesis supply, 6.09% of max supply)
Initial Supply at Listing: 1,482,600,000 SOLV (17.65% of Genesis supply, 15.35% of max supply)
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What is Solv Protocol?
Solv Protocol is a platform designed to generate interest from crypto assets, offering investors yield opportunities while maximizing capital efficiency. Key features include:
1. Diverse Yield Products:
SolvBTC, SolvETH, and SolvUSD for earning yield on BTC, ETH, USDC, and USDT.
Seamlessly connect Bitcoin liquidity with DeFi via SolvBTC, providing access to liquid staking tokens (LSTs).
2. Key Integrations:
DEXs: Access liquidity and high yields for SolvBTC holders.
Lending Protocols: Earn profits by lending SolvBTC.
Yield Trading Protocols: Manage yield volatility and optimize returns.
3. Innovative Technology:
Introduced ERC-3525 Semi-Fungible Tokens (SFT), combining ERC-20 and ERC-721 features.
Offers advanced risk management tools, including non-custodial solutions and multi-party controlled vaults.
4. Enhanced Security:
Partnerships with leading custodians like Copper and Fireblocks.
Advanced governance mechanisms via Solv Guard for asset protection.
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What is SolvBTC?
SolvBTC is the flagship product, providing seamless integration with the BTCFi ecosystem. It ensures 1:1 backing with BTC or Wrapped Bitcoin, enabling flexible DeFi participation.
Features:
Yield integration across multiple chains, including Ethereum, BNB Chain, Arbitrum, and Merlin Chain.
Offers liquidity, lending, and trading opportunities within the DeFi ecosystem.
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Binance Megadrop: How to Participate?
Binance Megadrop is a token launch platform offering early access to new Web3 projects. Here’s how to join:
1. Log in to Your Binance Account
Ensure your account is verified and eligible for participation.
2. Sign Up for BNB Locked Product
Lock BNB and accumulate points based on the amount and duration of the lock.
3. Complete Web3 Tasks
Perform designated tasks via the Binance app to earn a point multiplier.
4. Earn Rewards
Rewards are distributed based on the ratio of your accumulated points to the total points of all participants.
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Reward Calculation Formula
Total Points = (Locked BNB Points × Web3 Multiplier) + Web3 Task Bonus
Locked BNB Points: Determined by BNB amount and lock duration.
Web3 Task Multiplier: Earned by completing specific tasks on the Binance app.
Reward Distribution: Airdropped directly to users’ Spot wallets.
Note: Participation may be restricted in some regions.
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Join the Solv Protocol Megadrop Today and Unlock the Future of Bitcoin Liquidity!
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