Cryptowala - According to the official announcement, Binance Megadrop has launched the third phase of the project - Solv Protocol (SOLV). This Bitcoin staking protocol focuses on building a financial ecosystem with Bitcoin at its core. Binance will list SOLV after the completion of Megadrop, and the specific listing plan will be announced separately, so stay tuned. The quota information of this Megadrop and the details of the Web3 tasks will also be announced at that time.
According to the announcement, the maximum supply of SOLV tokens is 9.66 billion, and the total supply of Genesis tokens is 8.4 billion (86.96% of the maximum). The Megadrop token reward is 588 million (7% of the total supply of Genesis tokens, 6.09% of the maximum supply of tokens). The initial circulation when Binance lists the coin on the spot: is 1.4826 billion SOLV (17.65% of the total supply of Genesis tokens, 15.35% of the maximum supply of tokens).
SOLV Binance Megadrop Key Details
Token Name: Solv Protocol (SOLV)
Maximum Token Supply: 9,660,000,000 SOLV (subject to increase via network governance for Bitcoin Reserve Offering)
Total Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max token supply)
Mega drop Token Rewards: 588,000,000 SOLV (7.00% of genesis token supply, 6.09% of max token supply)
Initial Circulating Supply on Binance Spot Listing: 1,482,600,000 SOLV (17.65% of genesis token supply, 15.35% of max token supply)
How to Participate in Solv Binance Megadrop?
Log in to Your Binance Account
If you’re new to Binance, create an account and set up your first Web3 Wallet.Lock BNB and Complete Web3 Quests
Subscribe to BNB Locked Products through Binance Simple Earn to accumulate scores.
Participate in Web3 Quests, which require an active Binance Wallet.
Access Megadrop on the Binance App
Follow the instructions in the app announcement to navigate to the Megadrop section.Boost Your Rewards
Complete all designated Web3 Quests and use score multipliers to maximize your Total Score.Earn Megadrop Rewards
Rewards will be distributed based on your accumulated Total Score.
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