Binance Megadrop is BACK After a Long Hiatus!
Previously launched twice in quick succession and then disappearing, the Binance Megadrop has now returned with a bang.
This time, the MEGAdrop’s spotlight is on Solv, a Bitcoin staking protocol.
What does Solv do?
Solv aims to transform idle Bitcoins into yield farming assets while creating Bitcoin reserves on the blockchain for DeFi (Decentralized Finance).
Also, Solv envisions staking up to $1 trillion worth of Bitcoin and has developed products to enable Bitcoin staking across various ecosystems.
What are the products of Solv?
The highlighted products of Solv would be:
SolvBTC
A pegged token with a 1:1 value to Bitcoin, designed to facilitate seamless Bitcoin transfers across multiple blockchains.
SAL (Staking Abstraction Layer)
A layer that enables Bitcoin staking across various blockchain ecosystems without the need for constant network switching.
BROs (Bitcoin Reserve Offerings)
Solv Protocol issues SOLV tokens to purchase Bitcoin reserves. The funds raised are used to accumulate Bitcoin for the protocol, resembling MicroStrategy's approach.
Liquid Staking Tokens (LSTs)
LSTs combines liquidity and yield with strategies across ecosystems like Babylon, Jupiter, CoreDAO, and Ethena.
DeFi Vaults
Streamlines interactions with LSTs and DEXs, reducing transaction complexity and costs.
Solv adopts SOLV as it’s native token and SOLV features utilities such as governance, staking, and fees.
Total Supply of SOLV would be
84 billion (potentially increasing with additional issuance for BROs) and initial circulating supply would be 1.482 billion upon Binance listing.
SOLV token allocation is as follows:
Binance Megadrop: 7%
Community Airdrop: 8.5%
Solv Team & Advisors: 13%
Community Rewards & DAO Treasury: 18%
Partner Rewards: 8.5%
Ecosystem Development: 8.14%
Business Development: 4%
Vesting Voucher Holders: 1%
Private Sale: 28.86%
Liquidity: 3%
Bitcoin Reserve Offering: 13.04%
Solv Protocol aims to establish Bitcoin as the on-chain reserve asset for DeFi, governed by a DAO from 2026. With plans to launch Bitcoin Reserve Offerings (BROs) in 2025, Solv is set to redefine Bitcoin’s utility and accessibility in the financial landscape.
We have seen several launchpools introducing awesome projects to Binance users but what is the difference between Launchpool and Megadrop?
Well. Launchpools often include tokens that are already distributed through airdrops or listed on other exchanges while Megadrop only focuses on brand-new tokens not yet available outside Binance.
And in Megadrop, participants earn scores based on the duration and amount of BNB locked in staking.
Scores can also be significantly increased by completing designated Web3 quests.
After the Megadrop period, tokens are distributed proportionally based on the scores earned.
For SOLV Megadrop, locked staking is available from now on and you can do Web3 Quests from January 6th to January 17th.
And SOLV tokens would be distributed to users on January 17th and trading for SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY pairs will start on January 17th too.
My Pro Tip would be to complete Web3 quests before the deadline for maximum rewards!
Also, Web3 Quest for Solv Megadrop is shockingly easy. You just have to buy BTC in your spot wallet and then move it to your Binance Wallet. Then you’d have to connect your Binance Wallet to Solv Protocol and then deposit your BTC.
For a detailed step-by-step guide for Web3 quest, visit https://docs.solv.finance/user-guide/stake-btcb-in-binance-megadrop
After you’ve done depositing your BTC into Solv Protocol, don’t forget to wait a few hours to click “Verify” button.
Good luck, and may you all gain Mega rewards from this Megadrop! 🚀
#BinanceMegadrop #SOLVMEGADROP #BinanceSquareFamily
