Solv Protocol (SOLV) is a Bitcoin staking protocol focused on building a Bitcoin-centered financial ecosystem.

Binance has announced it as the third Megadrop project, allowing users to participate in this event by subscribing to BNB fixed-term products or completing designated Web3 tasks. 

Event Duration:

• Megadrop Event: January 7, 2025 00:00 (UTC) to January 16, 2025 23:59 (UTC).

• BNB Fixed-Term Product Snapshot Period: Users can lock BNB before January 7, 2025, to maximize their locked BNB score, during which snapshots of BNB subscriptions will be taken hourly.

• Web3 Task Period: Users can complete designated Web3 tasks to enhance their score.

How to Participate:

1. Log in to your Binance account.

2. Subscribe to BNB fixed-term products; the longer the subscription period, the higher the score.

3. Complete designated Web3 tasks, such as staking BTCB on the Solv Protocol.

4. Verify your participation on the Megadrop page of the Binance app, and click the [Verify] button before the task period ends to claim Web3 task rewards and multipliers.

Reward Details:

• Total Reward Pool: 588,000,000 SOLV tokens, accounting for 7% of the initial token supply.

• Reward Cap per User: 4,704,000 SOLV.

• Reward Calculation Formula: Total Score = (Locked BNB Score × Web3 Task Multiplier) + Web3 Task Rewards.

SOLV Token Listing:

• Binance will list the SOLV token on January 17, 2025, at 10:00 (UTC), with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. 

Please note that participation in this event requires KYC verification and is only open in eligible jurisdictions.

For more detailed information, please refer to Binance's official announcement. #BNB