Binance has introduced Solv Protocol (SOLV) as the third project on its Megadrop platform, offering users the opportunity to earn SOLV tokens by staking BNB in Locked Products or completing designated Web3 Quests.
Key Details of the SOLV Megadrop:
Participation Period: January 7, 2025, 00:00 UTC – January 16, 2025, 23:59 UTC.
Binance Listing Date: SOLV will be listed on January 17, 2025, at 10:00 UTC, with trading pairs SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
How to Participate:
1. Stake BNB: Subscribe to BNB Locked Products on Binance. Longer lock-up periods yield higher scores, enhancing potential rewards.
2. Complete Web3 Quests: Engage in tasks such as staking 0.0001 BTCB on Solv Protocol to boost your score.
3. Claim Rewards: Verify your participation via the Binance Megadrop page and claim rewards daily starting January 7, 2025, at 05:30 UTC.
Reward Calculation:
Total Score Formula: Total Score = (Locked BNB Score × Web3 Quest Multiplier) + Web3 Quest Bonus.
Locked BNB Score: Calculated based on the amount and duration of BNB locked, with longer periods yielding higher multipliers.
Web3 Quest Multiplier and Bonus: Completing Web3 Quests applies a multiplier of 1.5 to your score, with an additional bonus of 500 points.
About Solv Protocol:
Solv Protocol is a Bitcoin staking platform focused on building a Bitcoin-centric financial ecosystem. It aims to unlock the potential of idle Bitcoin assets by integrating them into DeFi ecosystems, allowing investors to earn yields without sacrificing liquidity.
Tokenomics:
Maximum Token Supply: 9,660,000,000 SOLV.
Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max supply).
Megadrop Token Rewards: 588,000,000 SOLV (7.00% of genesis supply).
Initial Circulating Supply on Binance: 1,482,600,000 SOLV (17.65% of genesis supply).
Important Considerations:
KYC Verification: Participants must complete KYC verification in eligible jurisdictions to participate.
Reward Cap: Each user can receive up to 4,704,000 SOLV tokens.
This Megadrop presents an opportunity for Binance users to engage with Solv Protocol ahead of its official listing, potentially earning rewards through staking and active participation in the platform's ecosystem.