What is Solv Protocol (SOLV)
Solv is a leading Bitcoin staking protocol, building a thriving Bitcoin-centric financial ecosystem by unlocking liquidity and maximizing the utility of idle Bitcoin assets.SOLV is Solv Protocol’s native utility token and is used in the following functions:Governance: SOLV token holders can vote on network governance decisions.Staking: By staking SOLV token on the Staking Abstraction Layer, stakers can earn protocol emissions.Through Staking Abstraction Layer, SolvBTC, and SolvBTC.LSTs (Liquid Staking Tokens), Solv Protocol enables both retail and institutional investors to capture diverse yield opportunities without sacrificing liquidity by seamlessly integrating Bitcoin into DeFi ecosystems.Fee Discounts: SOLV token holders can enjoy fee discounts, including redemption fees for SolvBTC. Solv Protocol is built upon the following core components:SolvBTC: SolvBTC is a 1:1 BTC-pegged token that enables seamless, secure cross-chain transfers and DeFi participation for Bitcoin holders.SolvBTC.LSTs (Liquid Staking BTC): SolvBTC.LSTs are Liquid Staking Tokens that allow Bitcoin holders to generate yield while staying liquid.Staking Abstraction Layer (SAL): SAL abstracts the complexities of staking Bitcoin across multiple ecosystems and presents a unified interface for Bitcoin holders, enabling Bitcoin holders to generate yields across different blockchains. The project has raised ~$24M USD from 4 rounds of private token sales, where 28.86% of genesis token supply has been sold:The project raised ~$1M at ~$20M valuationThe project raised ~$4.5M at ~$45M valuationThe project raised ~$6.6M at ~$80M valuationThe project raised ~$11.7M at ~$200M valuationAs at December 31, 2024, the max token supply of SOLV is 9,660,000,000 SOLV (dynamic, may increase via network governance for Bitcoin Reserve Offering). The total genesis supply of SOLV is 8,400,000,000. The circulating supply upon listing on Binance will be 1,482,600,000 (17.65% of genesis token supply, 15.35% of max token supply).
Key metrics (as at December 31, 2024)
Token Name
SOLV
Token Type
BEP-20
Initial Circ. Supply When Listed on Binance
1,482,600,000 (17.65% of genesis token supply, 15.35% of max token supply)
Maximum Token Supply
9,660,000,000
Total Token Supply
8,400,000,000 (86.96% of max token supply)
Binance Megadrop Allocation
588,000,000 (7.00% of genesis token supply, 6.09% of max token supply)
Project mission
Solv Protocol’s mission is to unlock Bitcoin’s full potential by transforming over $1 trillion of idle BTC into yield-generating assets and becoming the on-chain reserve for Bitcoin in DeFi.
Value Proposition
Unlocking Idle BTC Potential. Transform over $1 trillion in idle Bitcoin into active, yield-generating assets through innovative staking solutions.Building a secure, decentralized infrastructure to enhance Bitcoin’s utility, enabling yield generation and liquidity across ecosystems while maintaining transparency and trust.
Project Key Highlights
Staking Abstraction: Solv Protocol’s SAL abstracts various processes and hundreds of parameters for bitcoin staking, manages the complexities of staking Bitcoin across multiple ecosystems and presents a unified interface for Bitcoin holders, enabling Bitcoin holders to earn yields across different blockchains. Non-Custodial: Solv Protocol utilizes a decentralized mechanism for managing user assets through the whole process of Bitcoin staking. With the interaction of smart contracts, Bitcoin scripts and third-party verifiers, user’s Bitcoin assets are processed in a non-custodial environment.Bitcoin Reserve Offerings (BROs): To leverage its Bitcoin reserve, Solv preliminarily plans 3 BROs, each minting 42 million SOLV tokens exclusively for convertible note sales (scheduled for Q1, Q2, and Q3 2025). These sales will acquire BTC for the protocol-owned reserve. Convertible notes mature in one year, with SOLV token claimability in Q1, Q2, and Q3 2026, respectively. Afterwards, further Bitcoin Reserve Offerings will be under DAO governance and the token supply may increase via network governance for Bitcoin Reserve Offering.
2. What is Binance Megadrop and how to participate the quest
Users can start participating in the SOLV Megadrop from 2025-01-07 00:00:00 (UTC).
What is Binance Megadrop and How to Use It?
Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and Binance Web3 Wallet to create an innovative airdrop experience. The platform is designed to give users early access to new token projects and multiple ways to earn rewards. With Binance Megadrop, users can subscribe to fixed-term products, complete Web3 quests, and receive token rewards proportional to the accumulated score.
How Binance Megadrop Works
Step 1: Lock BNB to Earn Points
To participate in Binance Megadrop, users must lock their BNB into fixed-term products available on Binance Simple Earn. Points earned are based on the amount of BNB locked and the duration of the subscription period. A longer locking period and a larger amount of BNB will result in a higher score, resulting in a higher reward allocation.
Step 2: Complete the Web3 Quest
Users can further increase their score by completing Web3 quests. This quest is available on the Binance Megadrop page which provides users with detailed instructions and tutorials on how to participate. Apart from increasing the score, completing these tasks will also increase the user's understanding of the blockchain ecosystem.
Step 3: Get Rewards
Based on the accumulated score from locking BNB and completing Web3 quests, users receive token rewards from the projects presented. These rewards are distributed proportionally to the user's score to provide incentives for active participation in both aspects of the Megadrop program.
How to Participate in Binance Megadrop?
1. Log in to your Binance account on the mobile app, then find the [Megadrop] icon. If you can't see it, go to [Other Services] first.
2. Next, you will see the selected Web3 project. You can browse the pages of each project to find out more information about participation periods, quests, reward distribution, coin listing times, tokenomics, etc.
3. If a project is available, you can complete various quests to earn points and rewards based on your score.
4. Each project may have a different set of quests. For example, you can earn points by putting BNB into a Simple Earn product subscription or by connecting your Binance Web3 Wallet to a project.
Binance will then list Solv Protocol (SOLV) at 2025-01-17 10:00 (UTC) and open trading with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs. The
seed tag will be applied to SOLV.
SOLV Megadrop Period:
2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC)BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in
BNB Locked Products before 2025-01-07 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the
FAQ.Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period.Web3 Quest 1: “Stake 0.0001 BTCB on Solv Protocol” (Tutorial) 2025-01-17 06:00:00 (UTC)Rewards Distribution: Users may view their Megadrop rewards in
Binance Spot Account.
SOLV Megadrop Details:
Token Name: Solv Protocol (SOLV)Max Token Supply: 9,660,000,000 SOLV (dynamic, may increase via network governance for Bitcoin Reserve Offering)Total Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max token supply)Megadrop Token Rewards: 588,000,000 SOLV ( 7.00% of genesis token supply, 6.09% of max token supply)Initial Circulating Supply When Listed on Binance Spot: 1,482,600,000 SOLV (17.65% of genesis token supply, 15.35% of max token supply)Research Report:
Solv Protocol (SOLV) User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 4,704,000 SOLV
Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest BonusHow to Get Started With Binance Megadrop*:Log into your Binance account.Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet (keyless). Create your first Binance Wallet (keyless) now if you have not yet done so.After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.Receive Megadrop rewards based on your Total Score.
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