#BinanceMegadropSolv
What is the Binance Megadrop?
The Binance Megadrop in collaboration with Solv Protocol (SOLV) allows users to earn rewards by completing specific tasks. Solv Protocol enhances Bitcoin's usability within DeFi, offering features like staking BTC and accessing liquidity through SolvBTC, a token pegged 1:1 with Bitcoin.
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How to Participate:
1. Locking BNB with Binance Simple Earn
Go to the Simple Earn section on Binance.
Choose Locked Products, select BNB, and decide on the amount and lock period (30, 60, 90, or 120 days).
Points are awarded based on the locked duration:
30 days: 100 points per BNB
60 days: 110 points per BNB
90 days: 120 points per BNB
120 days: 130 points per BNB
2. Completing Web3 Quests
Set up a Binance Web3 Wallet if you don’t already have one.
Complete activities like staking 0.0001 BTCB (Bitcoin on BNB Chain) via Solv Protocol to earn bonus points.
Completing all Web3 Quests gives you a 1.5x multiplier on your Locked BNB Score.
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Scoring System:
Your total score determines the SOLV token allocation and is calculated as:
Total Score = (Locked BNB Points × Multiplier) + Web3 Quest Bonus Points
Locked BNB Points: Based on how much BNB you lock and for how long.
Multiplier: 1.5x if all Web3 Quests are completed; otherwise, 1.0x.
Web3 Bonus Points: Extra points for specific tasks like staking BTCB.
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Important Notes:
Ensure your BNB stays locked for the chosen duration.
Finish Web3 Quests before the deadline.
50% of SOLV tokens are distributed at the token generation event (TGE), with the remaining 50% vested over three months.
Stay informed by checking Binance and Solv Protocol updates regularly.
By following these steps, you can maximize your chances of earning rewards in the Binance Megadrop
