Binance’s SOLV Megadrop combines education, engagement, and rewards to let users earn SOLV tokens by locking BNB and completing Web3 quests. Here’s your step-by-step guide to getting started.
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About Solv Protocol (SOLV)
Solv Protocol is revolutionizing decentralized finance (DeFi) by enhancing Bitcoin’s utility in the Web3 ecosystem. With over 23,000 BTC ($2.3 billion) managed, Solv empowers users with innovative tools for trading, staking, and managing digital assets.
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SOLV Megadrop Token Details
Token Name: Solv Protocol (SOLV)
Max Supply: 9,660,000,000 SOLV
Megadrop Rewards: 588,000,000 SOLV
Initial Circulating Supply: 1,482,600,000 SOLV
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How to Participate in the Binance Megadrop
Step 1: Log in or Sign Up on Binance
Create or log in to your Binance account.
Complete the KYC verification process for eligibility.
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Step 2: Lock BNB to Earn Scores
Go to Binance Simple Earn and subscribe to BNB Locked Products.
Lock your BNB for longer periods to earn higher Locked BNB Scores.
Daily snapshots calculate your average Locked BNB Score.
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Step 3: Set Up Your Binance Wallet
Create a Binance Web3 Wallet to access and complete Web3 Quests.
Navigate to the wallet section in the Binance app or website to set it up.
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Step 4: Complete Web3 Quests
Access the Megadrop section in the Binance app.
Engage in activities like:
Using decentralized applications (dApps).
Participating in staking or liquidity pools.
Exploring Web3 features on Binance.
Completing all quests unlocks the Web3 Quest Bonus and Multiplier for your score.
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Step 5: Calculate Your Total Score
Your Total Score determines your rewards:
Total Score = (Locked BNB Score × Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score: Based on the amount and duration of locked BNB.
Web3 Quest Bonus & Multiplier: Boost your score by completing all quests.
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Step 6: Claim Your Rewards
Rewards are distributed automatically based on your Total Score and its proportion to all participants.
No manual action is needed to redeem rewards.
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Key Points to Remember
Eligibility: Only BNB Locked Products and designated Web3 Quests count toward your score.
Exclusions: Assets in wallets outside Binance or other products like BNB Vault don’t qualify.
Stay Updated: Follow Binance announcements for dates and instructions.
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Why Participate?
The Binance Megadrop not only provides early access to SOLV tokens but also familiarizes you with Web3 features while offering tangible rewards.
Conclusion
The SOLV Megadrop is a rewarding experience for Binance users. By locking BNB and completing Web3 Quests, you can maximize your Total Score and earn a significant share of the reward pool. Start today and embrace the future of Web3 with Binance!
For the latest updates, visit Binance’s official announcements.
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