Binance Announces Solv Protocol Launch on Its Platform Megadrop

Binance has today launched the Solv Protocol, a Bitcoin-based protocol with the ambition to create a Bitcoin-based financial ecosystem.

No other platform will launch SOLV tokens, and any platform claiming to be “flirting” or offering SOLV tokens prior to launch is false advertising, Binance explains. Details and exact trading times will be announced separately. An updated, formal Solv Protocol research report will also be published within the next 24 hours.

The Solv Protocol token economics include a maximum supply of 9,660,000,000 SOLV tokens and a genetic supply of 8,400,000,000 tokens, representing 86.96% of the total supply. Of these, 588,000,000 SOLV tokens, comprising 7% of the genetic supply and 6.09% of the maximum supply, will be distributed as part of the Megadrop rewards.

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At the time of listing on Binance, this circulating supply will be 1,482,600,000 SOLV tokens, representing 17.65% of the genetic supply and 15.35% of the maximum supply.