On January 7, 2025, Binance announced the third project on their Megadrop platform, Solv Protocol (SOLV). Solv Protocol is a Bitcoin staking protocol that aims to build a Bitcoin-centric financial ecosystem, enabling the integration of BTC into the DeFi ecosystem.
Retail Megadrop SOLV
Megadrop Period: January 7, 2025, 00:00 UTC – January 16, 2025, 23:59 UTC.
How to Participate:
Locked BNB Products: Users can lock their BNB in locked products to increase participation score.
Web3 Missions: Complete missions like staking 0.0001 BTCB on Solv Protocol to earn additional bonuses.
SOLV Token Details
Nama Token: Solv Protocol (SOLV).
Maximum Total Supply: 9,660,000,000 SOLV.
Initial Supply: 8,400,000,000 SOLV (86.96% of maximum supply).
Megadrop Prize: 588,000,000 SOLV (7.00% of initial supply).
Initial Circulating Supply on Binance: 1,482,600,000 SOLV (17.65% of initial supply).
Important Dates
Megadrop Period: January 7, 2025 – January 16, 2025.
Listing on Binance: January 17, 2025, 10:00 UTC, with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs.
How to Participate in Megadrop
1. Locking BNB:
Log in to your Binance account and navigate to the locked BNB products section.
Select the desired lock period to increase your participation score.
2. Complete Web3 Missions:
Stake a minimum of 0.0001 BTCB on Solv Protocol via a Web3 wallet connected to Binance.
Follow the guide provided by Binance to complete this mission.
Benefits of Participation
Early Access to SOLV: Get SOLV tokens before official listing on Binance.
Exclusive Rewards: Increase your chances of getting a share of the 588,000,000 SOLV allocated for the Megadrop.
Portfolio Diversification: Add new assets with growth potential to your investment portfolio.
Conclusion
Binance’s Solv Protocol Megadrop offers a unique opportunity for users to participate in a Bitcoin-focused DeFi ecosystem. By locking BNB and completing Web3 missions, users can earn SOLV tokens ahead of the official listing, opening up new opportunities in the cryptocurrency space.