#BinanceMegadropSolv

Binance has introduced Solv Protocol (SOLV) as the third project on its Megadrop platform, offering users the opportunity to earn SOLV tokens through BNB Locked Products and Web3 Quests.

Key Dates:

Megadrop Period: January 7, 2025, 00:00 UTC – January 16, 2025, 23:59 UTC

SOLV Listing on Binance: January 17, 2025, at 10:00 UTC, with trading pairs SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.

Participation Details:

1. BNB Locked Products: Users can lock their BNB in Simple Earn’s BNB Locked Products to earn rewards. Hourly snapshots of BNB subscriptions are taken during the Megadrop period to calculate scores.

2. Web3 Quests: Completing designated Web3 Quests can boost participants' scores. For example, staking 0.0001 BTCB on Solv Protocol is one such quest, available from January 17, 2025, at 06:00 UTC.

Score Calculation:

Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus

Locked BNB Score is determined based on the average amount of BNB locked over different periods, with longer lock durations yielding higher multipliers.

Web3 Quest Multiplier: 1.5

Web3 Quest Bonus: 500

Rewards are distributed based on the total score, with a hard cap of 4,704,000 SOLV per user.

About Solv Protocol:

Solv Protocol is a decentralized platform focused on providing liquidity and yield infrastructure for digital assets, particularly through Bitcoin staking. It aims to unlock the potential of idle Bitcoin assets by integrating them into DeFi ecosystems.

Tokenomics:

Maximum Token Supply: 9,660,000,000 SOLV

Genesis Token Supply: 8,400,000,000 SOLV

Megadrop Token Rewards: 588,000,000 SOLV

Initial Circulating Supply on Binance: 1,482,600,000 SOLV

To participate, users must have a verified Binance account and an active Binance Wallet. Detailed instructions and additional information are available on Binance's official announcement page.