Today, let’s talk in detail about what kind of project Solv is, as well as the token distribution and project financing.
Solv is a Bitcoin staking protocol that also combines innovative financial NFTs and innovative features that allow users to create digital bonds
Solv is a leading Bitcoin staking protocol that builds a thriving financial ecosystem centered on Bitcoin by unlocking liquidity and maximizing the utility of idle Bitcoin assets.
SOLV is the native utility token of the Solv protocol and is used for the following functions
Governance: SOLV token holders can vote on network governance decisions.
Staking: By staking SOLV tokens on the staking abstraction layer, stakers can earn protocol emissions.
Fee discounts: SOLV token holders can enjoy fee discounts, including redemption fees for SolvBTC.
The Solv protocol is built on the following core components:
SolvBTC: SolvBTC is a 1:1 BTC pegged token that provides Bitcoin holders with seamless and secure cross-chain transfers and DeFi participation.
SolvBTC.LSTs (Liquid Staking BTC): SolvBTC.LSTs are liquid staking tokens that allow Bitcoin holders to earn yields while maintaining liquidity.
Staking Abstraction Layer (SAL): SAL abstracts the complexity of staking Bitcoin across multiple ecosystems and provides Bitcoin holders with a unified interface, allowing them to earn yields across different blockchains.
Project financing situation
As of October 14, 2024, the Solv Protocol has completed four rounds of financing, including investments from Binance Labs, Laser Digital, and OKX Ventures, raising a total of 24 million USD.
TVL situation
By the end of 2024, the TVL of the Solv Protocol will reach 3 billion USD, which can be considered quite impressive.
Distribution of token supply
Max supply: 9,660,000,000 (100%)
Initial supply: 8,400,000,000 (86.96%)
Initial circulation: 1,482,600,000 (15.35%)
Mining allocation: 588,000,000 (6.09%)
Solv launch price prediction
Based on the analysis of the recent situation of newly listed tokens on Binance, VANA surged to 1.07 billion after its launch, and BIO hit around 1.17 billion. However, the market was relatively better before, and now it has weakened a bit. Therefore, the market value of Solv at launch should be at least close to 1 billion, meaning the launch price should be around 0.65 USD.
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