Binance has announced the launch of its third Megadrop campaign, which focuses on Solve Protocol (SOLV), an innovative protocol that aims to integrate Bitcoin into the decentralized finance (DeFi) ecosystem. The campaign gives users the opportunity to earn SOLV tokens by locking BNB and participating in Web3 tasks.
Campaign details:
Participation period: from January 7, 2025, 00:00 UTC, to January 16, 2025, 23:59 UTC.
Total campaign rewards: 588,000,000 SOLV tokens, which represents 7% of the total initial token supply.
Maximum reward per user: 4,700,000 SOLV tokens.
How to participate:
1. Lock BNB: Users can sign up for locked BNB products via Binance’s “Simple Earn” platform. The longer the lock period, the more points are earned, which leads to higher SOLV rewards.
2. Complete Web3 Tasks: This requires creating a Web3 wallet on Binance and completing specific tasks, such as depositing BTCB into Solve Protocol. These tasks contribute to increased points and enhanced rewards.
point system:
Locked BNB: Depends on the amount of BNB locked and the duration of the lock.
Web3 Task Multiplier: Increases the BNB locked when completing all tasks.
Web3 Task Bonus: Extra points awarded when all specified tasks are completed.
Total points calculation formula:
Total Points = (BNB Locked x Web3 Task Multiplier) + Web3 Task Reward
Distribution of rewards:
After the campaign ends on January 16, 2025, rewards will be automatically distributed to users' wallets on Binance.
Insert SOLV code:
Binance is scheduled to start trading the SOLV token on January 17, 2025, at 10:00 UTC, with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Additional information:
Solve Protocol is a decentralized platform that aims to provide liquidity and yield infrastructure for digital assets, with a particular focus on integrating Bitcoin into the DeFi ecosystem.
Sources:
Binance Official Announcement:
User Guide to Deposit BTCB to Binance Megadrop:
Article about Megadrop Solve Protocol Campaign:
note:
Users are advised to check the details and terms through official sources and ensure that they fully understand the participation mechanisms before joining the campaign.