There are many free coin opportunities on the Binance platform. But the most prominent one at the moment is MegaDrop. The MegaDrop event is where Binance distributes coins to users based on the number of points they have collected. The special thing about MegaDrop is that it allows users to participate for a cost not exceeding $10, which gives small investors the opportunity to profit.
But what are these points and how do you participate? All this and more we will discuss in this article in detail.
MegaDrop Legitimate Solv Protocol
Today, Binance announced a MegaDrop event for Solv Protocol and its $SOLV token.
During the MegaDrop, $588,000,000 SOLV will be distributed to participants based on the number of points they have collected.
The MegaDrop starts on January 7th and ends on January 17th.
What is SOLV Coin Project?
It is the main currency of the Solv Protocol project, a project that builds a Bitcoin staking platform, where Bitcoin owners can store their coins and get the liquid staking coin SolvBTC.
This in turn gives the user liquidity and the advantage of Bitcoin staking returns.
At the current time before the launch of the currency, the value of assets stored in the protocol amounted to more than $2.2 billion.
How to get $SOLV?
To secure a share of SOLV before it is listed, you must collect MegaDrop points, and you can collect these points by two things:
BNB storage.
Web3 mission.
BNB storage
First you need to have BNB coins in your wallet.
Search for Simple Earn.
Select Locked.
Search for BNB.
Select the amount of BNB you would like to store and specify the storage period (must be a minimum of 30 days).
Web3 Mission
How do you calculate MegaDrop points?
MegaDrop points are important because they will determine your share of $SOLV coins when they are distributed. Therefore, you should know how to calculate these points to predict your share of the coins that will be distributed.
First: For the BNB storage task
Points will be calculated based on two factors:
The number of BNB coins you have stored.
The storage period you have selected.
For example, let's say you have 1 BNB, the points you will get will depend on the duration as follows:
If you choose a 30-day storage period, you will get 100 points.
If you choose 60 days storage period you will get 110 points.
If you choose a 90-day storage period, you will get 120 points.
If you choose a storage period of 120 days, you will get 130 points.
Important Note: If you complete the Web3 mission, you will get a 50% boost to your BNB storage.
Second: Regarding the Web3 mission
All you need to do is just store 0.0001 Bitcoin and you will get 500 fixed points which will not change if you store more.
It is worth noting that you can only do the Web3 mission to participate in the MegaDrop, but if you want to increase your chances of getting more SOLV, you should also store BNB.
