๐จ๐ฅBinance has introduced Solv Protocol (SOLV) as the third project on its Megadrop platform, offering users the opportunity to participate in a significant airdrop event.
Introduction:
Solv Protocol is a decentralized platform designed to simplify and optimize Bitcoin staking. Through its Staking Abstraction Layer (SAL), it bridges the gap between Bitcoin holders and decentralized finance (DeFi) staking, offering a user-friendly and efficient approach. Key features include SolvBTC, a universal Bitcoin reserve token, and SolvBTC.LST, liquid staking tokens that provide liquidity and yield-bearing opportunities.
Megadrop:
Token Supply:
Maximum Token Supply: 9.6 Bn SOLV
Genesis Token Supply: 8.4 Bn SOLV (86.96% of max supply)
Megadrop Token Rewards: 588 Mn SOLV (7.00% of genesis supply, 6.09% of max supply)
Initial Circulating Supply on Binance Listing: 1.4 Bn SOLV (17.65% of genesis supply, 15.35% of max supply)
How to Participate:
1. Log in to Your Binance Account:
If you're new to Binance, create an account and set up your Binance Wallet.
2. Lock BNB and Complete Web3 Quests:
Subscribe to BNB Locked Products through Binance Simple Earn to accumulate scores.
Participate in Web3 Quests.
3. Access Megadrop on the Binance App:
Navigate to the Megadrop section as per the app's instructions.
4. Boost Your Rewards:
Complete all designated Web3 Quests and utilize score multipliers to maximize your Total Score.
5. Earn Megadrop Rewards:
Rewards will be distributed based on your accumulated Total Score.
Scoring System:
Your Total Score is calculated using the formula:
Total Score = Locked BNB Score x Web3 Quest Multiplier + Web3 Quest Bonus
Locked BNB Score: Depends on the amount of BNB subscribed and the duration.
Web3 Quest Multiplier and Bonus: Determined by the completion of specific Web3 Quests.
This structure encourages active participation in both BNB locking and engagement with Web3 activities to maximize rewards.
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