IMPORTANT: Binance will be the first platform to list the token mentioned in this announcement. Any announcement of this token being listed for sale before the stated date constitutes false advertising. Please conduct your own research to ensure the safety of your funds.
When trading outside of Binance, please do your own research before any transaction to avoid any scams and ensure the safety of your funds.
Dear Binancian,
Binance is pleased to announce the 3rd project on Binance Megadrop: Solv Protocol (SOLV), a Bitcoin staking protocol that creates a Bitcoin-centric financial ecosystem. Users will be able to start participating in the SOLV Megadrop on 2025/01/07 at midnight (UTC). The SOLV Megadrop page will go live on the Binance app in 12 hours.
Binance will then list Solv Protocol (SOLV) on 2025/01/17 at 10:00 AM (UTC) and open trading for SOLV/USDT and SOLV/BNB pairs. The Funding label will be applied to SOLV.
SOLV Megadrop Period:
From 01/07/2025 at midnight (UTC) to 01/16/2025 at 11:59:59 PM (UTC)
BNB Locked Product Capture Period:
To maximize their locked BNB scores, users can start locking their BNB into BNB-Locked Products before 01/07/2025 at midnight (UTC): hourly snapshots of their subscription amounts will be taken during this period. For more information on BNB-Locked Products, please visit the FAQ.
Web3 Quest Period:
Users can complete one or more Web3 quest(s) during the quest period.
Web3 Quest 1: “Stake 0.0001 BTCB on Solv Protocol” (tutorial)
01/17/2025 at 6:00 AM sharp (UTC)
Reward Distribution: Users can view their Megadrop rewards on their Binance Spot Account.
SOLV details on Megadrop:
Token Name: Solv Protocol (SOLV)
Maximum token supply: 9,660,000,000 SOLV (dynamic, can increase via network governance for Bitcoin reserve supply)
Supply totale de tokens d’origine : 8 400 000 000 SOLV (86,96 % de la supply maximale de tokens)
Megadrop Token Rewards: 588,000,000 SOLV (7% of original token supply, 6.09% of max supply)
Initial circulating supply at time of listing on Binance Spot: 1,482,600,000 SOLV (17.65% of original token supply, 15.35% of maximum supply)
Research Report: Solv Protocol (SOLV)
User Eligibility: KYC required in eligible jurisdictions
Hard cap per user: 4,704,000 SOLV
Reward Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score (based on hourly snapshots taken during the BNB locked product capture period) = (120-day average BNB locked sum * 130) + (90-day average BNB locked sum * 120) + (60-day average BNB locked sum * 110) + (30-day average BNB locked sum * 100) + (30-day average BNB DeFi asset sum * 30)
Web3 Quest Multiplier: 1.5
Web3 Quest Bonus: 500
How to get started on Binance Megadrop*?
Subscribe to BNB-locked products and/or complete all designated Web3 Quests via Megadrop on the Binance App to accumulate scores. To complete Web3 Quests, ensure you have at least one active Binance Wallet (Keyless). Create your first Binance Wallet (Keyless) now if you haven’t already.
After completing all designated Web3 Quests, press the [Check] button from the Project Megadrop page before the quest period ends to obtain the Web3 Quest Bonus and Web3 Quest Multiplier.
Receive rewards on Megadrop based on your total score.
*Remarks :
External wallets imported into Binance Wallet (Keyless) will not be considered. Only MPC (Multi-Party Computation) wallets created in Binance Wallet (Keyless) can participate in Megadrop events.
About BNB-Locked Products
To calculate the BNB Locked Score, the “30 Days” multiplier will apply to all BNB Locked Product subscriptions with a duration of less than 30 days (e.g. 15 days).
Users will receive different scores for each active subscription depending on the subscription period. The longer the duration, the higher the locked BNB score. Refer to the BNB-Locked Products page for the latest APRs and maximum subscription limits.
Users can receive Megadrop rewards, Launchpool rewards and HODLer airdrops at the same time (as applicable). It is not necessary to redeem positions in BNB-locked products to participate in Launchpools or HODLer airdrops.
BNB flexible product assets will not be considered in the Megadrop score calculation.
SOLV Protocol Links (SOLV):
Additional information:
Binance Introduces Megadrop, a Token Launchpad Offering Airdrops and Quests on Web3
Frequently Asked Questions about BNB Locked Products and Megadrop
General conditions:
Only users who complete identity verification in eligible jurisdictions can participate in the Solv Protocol (SOLV) Megadrop.
During the BNB Locked Product Capture Period, captures of users’ BNB Locked Product subscription amounts will be taken multiple times at any time every hour to obtain the hourly average of users’ subscriptions and calculate users’ BNB Locked Score. The BNB Locked Score will be updated daily.
Sub-accounts will not count as independent accounts for the purposes of participating in this Megadrop. The subscription amount of the sub-accounts will be added to the standard subscription amount of the main account.
Trading bots and Algo Spot order services will be enabled for the aforementioned token within 12 hours of its listing on the Spot market.
Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance MPC wallet will be supported in Megadrop rewards calculation.
Thank you for your support!
The Binance Team
06/01/2025
Earn products involve risks. Please note that (i) digital assets are particularly volatile assets and may be inappropriate for you and your profile, so you should only invest in products that you are familiar with and whose risks you understand (ii) digital assets may include a risk of capital loss and a risk of loss of value of your capital and (iii) past performance is not a reliable indicator of future returns. In particular, the yields ("APR" or "APY") offered to you may vary every minute. The yield displayed at the time of your subscription is not guaranteed for the subscription term. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. For more information, see our Terms of Use and our Risk Warning.
Please note that (i) digital assets are particularly volatile assets and may be inappropriate for you and your profile, so you should only invest in products that are familiar to you and the risks of which you understand (ii) digital assets may involve a risk of capital loss and a risk of loss of value of your capital and (iii) past performance is not a reliable indicator of future returns. Using a self-hosted wallet such as Binance Wallet carries risks of losing your digital assets, including (i) if you transfer digital assets to the wrong recipient or to the wrong blockchain address, in which case your assets will be lost forever due to the irreversible nature of the blockchain, (ii) if you connect your Binance Wallet to third-party applications that turn out to be fraudulent (in this regard, be sure to verify the signatures and authorizations you give through Binance Wallet), (iii) if you permanently lose access to your means of access to Binance Wallet (in this regard, it is your responsibility to ensure the security of your means of access). Third-party applications or protocols that you can access through the Binance Wallet interface are not operated by Binance France SAS. Binance France SAS cannot be held responsible for your access to or use of third-party applications, including with respect to any transaction that you dispute. You are entirely responsible if you decide to make transactions on third-party protocols and applications.
Note: This announcement was updated on 01/06/2025 to clarify that it refers to the Binance Wallet (Keyless).
