🤗🤗 Halo Binancians 🤗🤗
Binance has just announced their third megadrop project, Solv Protocol (SOLV).
What is Solv Protocol (SOLV)?
Solv Protocol is a leading Bitcoin staking protocol that aims to develop a Bitcoin-based financial ecosystem by unlocking liquidity and maximizing the utility of idle Bitcoin assets.
Using the Staking Abstraction Layer, SolvBTC, and SolvBTC.LST (Liquid Staking Tokens), Solv Protocol enables retail and institutional investors to take advantage of various yield opportunities without sacrificing liquidity by seamlessly integrating Bitcoin into the DeFi ecosystem.
Uses of SOLV Token:
🔸️Governance: SOLV token holders can vote on network governance decisions.
🔸️Staking : By staking SOLV tokens on the Staking Abstraction Layer, stakers can earn protocol emissions.
🔸️Fee Discounts: SOLV token holders can enjoy fee discounts, including exchange fees for SolvBTC.
Key Metrics SOLV
Nama Token : SOLV
Token Type : BEP-20
Initial Circulating Supply When Listed on Binance: 1,482,600,000 (17.65% of genesis token supply, 15.35% of maximum token supply)
Maximum Token Supply : 9,660,000,000
Total Token Supply : 8,400,000,000 (86.96% of maximum token supply)
Binance Megadrop Allocation: 588,000,000 (7.00% of genesis token supply, 6.09% of maximum token supply)
SOLV Project Highlights :
🔸️Staking Abstraction: SAL on Solv Protocol abstracts the various processes and parameters for Bitcoin staking, manages the complexity of Bitcoin staking across multiple ecosystems, and provides a unified interface for Bitcoin holders to earn yields across multiple blockchains.
🔸️Non-Custodial: Solv Protocol uses a decentralized mechanism to manage user assets during the Bitcoin staking process, with the interaction of smart contracts, Bitcoin scripts, and third-party verifiers.
🔸️Bitcoin Reserve Offering (BRO): Solv plans three BROs, each minting 42 million SOLV tokens for convertible bond sales in Q1, Q2, and Q3 2025, with SOLV token claims in Q1, Q2, and Q3 2026. Subsequent Bitcoin Reserve Offerings will be managed by the DAO.
SOLV Token Allocation :
Binance Megadrop :7.00% of genesis token supply
Community Airdrop : 8.50% of genesis token supply
Team & Advisors : 13.00% of genesis token supply
Community Rewards & DAO Treasury : 18.00% of genesis token supply
Community Rewards (External Partners) : 8.50% of genesis token supply
Ecosystem Development : 8.14% of genesis token supply
Business Development : 4.00% of genesis token supply
Vesting Voucher Holders : 1.00% of genesis token supply
Private Sale Investors : 28.86% of genesis token supply
Liquidity : 3.00% of genesis token supply
Timeline Megadrop SOLV Protocol
SOLV Megadrop Period: January 7, 2025 00:00:00 (UTC) to January 16, 2025 23:59:59 (UTC)
🔸️Locked Product Snapshot Period $BNB : Users can start locking BNB in BNB Locked Products before January 7, 2025 00:00:00 (UTC) to maximize their Locked BNB Score, as hourly snapshots of users’ subscription amounts will be taken during this period. For more information about BNB Locked Products, see the FAQ.
🔸️Web3 Quest Period : Users can complete Web3 Quests during the Quest Period.
🔸️Web3 Quest 1 : "Bet 0.0001 BTCB on Solv Protocol" ( Tutorial )
January 17, 2025 at 06:00:00 UTC
Reward Distribution: Users can view Megadrop rewards in their Binance Spot Account.
What is Megadrop?
Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and Binance Web3 Wallet to create an innovative airdrop experience. The platform provides users with early access to new token projects and multiple ways to earn rewards.
How Binance Megadrop Works:
1. Lock BNB to Earn Points: Users lock their BNB into fixed-term products on Binance Simple Earn. Points are earned based on the amount of BNB locked and the duration of the subscription period.
2. Complete Web3 Quests: Users can increase their score by completing Web3 missions. These missions are available on the Binance Megadrop page.
3. Get Rewards: Based on the accumulated score, users receive token rewards from the presented projects.
How to Participate in Binance Megadrop :
1. Log in to your Binance account on the mobile app, then look for the [Megadrop] icon. If you can't see it, go to [More Services].
2. You will see the selected Web3 project. Explore the project page for more information.
3. If projects are available, complete various missions to earn points and rewards.
4. Each project has a different set of missions.
Binance will list Solv Protocol (SOLV) on January 17, 2025 at 10:00 AM (UTC) and open trading with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs. The seed tag will be applied to SOLV.
Binancians can join in discussions about crypto and web 3 with other binancians in the Binance Academy Indonesia group by clicking the following link
👉 https://bit.ly/BinanceAcademyIndonesia 👈
IMPORTANT: Binance will be the first platform to list the SOLV token. Any claims to offer this token for sale before the deadline are false advertising. Please do your own research to ensure the safety of your funds.
