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 SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Participation Details:
1. BNB Locked Products: Users can lock BNB in various durations (30, 60, 90, or 120 days) to earn rewards. The longer the lock-up period, the higher the potential rewards.
2. Web3 Quests: Completing specific tasks, such as staking a minimal amount of BTCB on Solv Protocol, can boost participants’ scores, enhancing their reward potential.
About Solv Protocol:
Solv Protocol focuses on unlocking the potential of idle Bitcoin assets by integrating them into decentralized finance (DeFi) ecosystems. It offers tools like the Staking Abstraction Layer and SolvBTC to provide yield opportunities for both retail and institutional investors.
Tokenomics:
• Maximum Token Supply: 9,660,000,000 SOLV.
• Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max supply).
• Megadrop Token Rewards: 588,000,000 SOLV (7.00% of genesis supply).
• Initial Circulating Supply on Binance: 1,482,600,000 SOLV (17.65% of genesis supply).
How to Participate:
1. Log into Binance: Ensure your account is verified and eligible.
2. Subscribe to BNB Locked Products: Choose a lock-up period that suits your preference.
3. Complete Web3 Quests: Engage in tasks to boost your score.
4. Verify Participation: After completing the quests, click the [Verify] button on the Megadrop project page before the Quest Period ends to claim the Web3 Quest Bonus and Multiplier.
Rewards will be distributed based on the total score accumulated through these activities. For detailed information, including the research report for Solv Protocol (SOLV), visit the Binance platform.