#BinanceMegadropSolv
Binance Megadrop Solv refers to the launch of the Solv Protocol (SOLV) token as part of Binance’s Megadrop program. Here is a brief overview based on available information:
- **Solv Protocol (SOLV)**:
- Solv Protocol is a Bitcoin deposit protocol that aims to build a Bitcoin-centric financial ecosystem. It seeks to enhance Bitcoin’s utility in decentralized finance (DeFi) by providing deposit solutions and other financial services.
**SOLV Megadrop Event Details**:
- **Event Period**: The SOLV Megadrop event started on January 7, 2025, 00:00 UTC and ends on January 16, 2025, 23:59 UTC.
- **Rewards**: A total of 588 million SOLV tokens (7% of the Genesis token supply) have been allocated for Megadrop rewards.
- **Participation**: Users can participate by locking BNB in Binance’s Simple Earn products or participating in Web3 Quests such as staking BTCB on the Solv protocol.
- **Listing**: Following the Megadrop event, SOLV will be listed on Binance for trading, starting on January 17, 2025, 10:00 UTC with pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
- **User Procedures**:
- To participate, users need an active Binance account and may need to set up a Binance Web3 wallet for the quests.
- Rewards are calculated based on the user’s total points from both locked BNB and completed Web3 quests.
This information summarizes the key aspects of the Binance Megadrop Solv event, highlighting how users can engage with it and what they can expect in terms of rewards and ways to participate
