Binance has introduced Solv Protocol (SOLV) as the third project on its Megadrop platform, offering users the opportunity to earn SOLV tokens through BNB Locked Products and Web3 Quests.
Key Dates:
Megadrop Period: January 7, 2025, 00:00 UTC – January 16, 2025, 23:59 UTC
SOLV Listing on Binance: January 17, 2025, at 10:00 UTC, with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Participation Details:
BNB Locked Products: Users can lock their BNB in various durations (30, 60, 90, or 120 days) to earn rewards. Hourly snapshots of BNB subscriptions are taken during the Megadrop period to calculate scores.
Web3 Quests: Participants can complete designated tasks, such as staking a minimal amount of BTCB on Solv Protocol, to boost their scores. An active Binance Wallet is required for quest participation.
Reward Calculation:
Total rewards are determined based on a combination of Locked BNB Scores and Web3 Quest Multipliers. The formula is:
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Where the Web3 Quest Multiplier is 1.5, and the Web3 Quest Bonus is 500.
About Solv Protocol:
Solv Protocol is a Bitcoin staking platform aiming to enhance the utility of idle Bitcoin assets by integrating them into decentralized finance (DeFi) ecosystems. It offers tools like the Staking Abstraction Layer and SolvBTC, facilitating yield opportunities for both retail and institutional investors.
For more detailed information and participation guidelines, please refer to Binance's official announcement.
