Binance has launched the Solv protocol (SOLV) Megadrop, which is the 3rd project of Binance Megadrop, giving participants the chance to receive rewards in SOLV tokens by staking BNB in locked products or engaging in web3 activities as specified.

Basic information about SOLV Protocol ($SOLV)

🔥 Solv Protocol: A protocol that transforms Bitcoin into DeFi assets without relying on centralized exchanges! 🚀

Do you think Bitcoin is only good for holding and waiting for the price to go up... Think again! Solv Protocol brings innovative solutions that unlock Bitcoin's potential to engage fully in the DeFi world! 💸

💡 Core concept of Solv Protocol:

In an era where everything is decentralized, holding Bitcoin alone is not enough anymore. Solv Protocol builds a Decentralized Bitcoin Reserve (DBR) system or a decentralized Bitcoin storage system that is not under the control of any organization! 🎯

Key highlights of SOLV Megadrop

Overview of the project

Solv Protocol (SOLV) is an innovative staking platform for Bitcoin, aimed at creating a Bitcoin-focused financial system.

⏳ Duration of Megadrop:

Start participating from January 7, 2025, at 17:00 UTC+7 (Laos time) and end on January 17, 2025, at 6:59 UTC+7 (Laos time)

📆 Date of entry into Binance:

Start trading on January 17, 2025, at 17:00 UTC+7 (Laos time) with the following pairs: SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY

🔶 How to participate in SOLV Megadrop

1. Access your Binance account

2. Stake BNB:

Deposit your BNB in a locked product (can be locked for a period to earn points, but locking longer will earn higher points)

3. Engage in Web3 activities:

Participate in activities such as staking BTCB on the Solv protocol

4. Receive rewards:

Confirm participation through Binance Megadrop and receive rewards from January 7, 2025, at 12:30 UTC+7

5. Check the reward distribution:

Rewards will be distributed to your Binance spot wallet automatically after the end of the event.

🔶 Reward details:

- Total rewards in Megadrop: 588,000,000 SOLV (calculated as 7% of Genesis Token Supply)

- Maximum rewards for participants: Participants can earn up to 4,704,000 SOLV

- Calculation formula: Total score = (Locked BNB Score x Web3 Quest Multiplier) + Web3 Quest Bonus

Reason to join Solv Protocol Megadrop

1. Receive multiple rewards: Participants are eligible to receive rewards in Launchpool, HODLer Airdrops, and Megadrop simultaneously.

2. Exclusive SOLV launch: Binance is the first platform to launch SOLV tokens, emphasizing its commitment to supporting the blockchain project.

3. Long-term staking technique: with a total of 9.66 million SOLV tokens, this project focuses on sustainability and future growth.

#MegaDrops #web3_binance #SOLVMEGADROP