Binance has introduced its third Megadrop event, featuring Solv Protocol (SOLV), a Bitcoin staking platform that integrates Bitcoin into decentralized finance (DeFi) ecosystems.
Megadrop Details:
Participation Period: January 7, 2025, 00:00 UTC to January 16, 2025, 23:59 UTC.
How to Participate:
BNB Locked Products: Users can lock their BNB tokens in Binance's Locked Products for varying durations. Longer lock-up periods yield higher scores, enhancing potential rewards.
Web3 Quests: Completing specific tasks, such as staking BTCB on Solv Protocol, can further boost scores.
Reward Calculation: Rewards are determined based on a Total Score, calculated as:
Total Score = (Locked BNB Score × Web3 Quest Multiplier) + Web3 Quest Bonus
This formula incentivizes both BNB staking and active participation in Web3 Quests.
Reward Pool: A total of 588 million SOLV tokens (7% of the genesis token supply) are allocated for this Megadrop.
Reward Distribution: Participants can claim rewards daily during the campaign. After the event concludes, remaining rewards will be automatically distributed to users' spot wallets.
SOLV Token Listing:
Listing Date: January 17, 2025, at 10:00 UTC.
Trading Pairs: SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
About Solv Protocol:
Solv Protocol focuses on unlocking the potential of Bitcoin assets by enabling staking and integrating Bitcoin into DeFi ecosystems. It offers tools like the Staking Abstraction Layer and SolvBTC to provide yield opportunities for investors.
For detailed participation guidelines and more information, visit Binance's official announcement.