Binance has unveiled Solv Protocol, a Bitcoin staking protocol with the ambition of building a Bitcoin and Bitcoin finance ecosystem. No other platform will launch SOLV tokens, and any platform claiming to be “offering” or offering SOLV tokens prior to launch is false advertising, Binance explains. Details and exact trading times will be announced separately. An updated official Solv Protocol research report will also be published within the next 24 hours.

The Solv Protocol token economics includes a maximum supply of 9,660,000,000 SOLV tokens and 8,400,000,000 genesis tokens, representing 86.96% of the total supply. Of these, 588,000,000 SOLV tokens, which comprise 7% of the Genesis supply and 6.09% of the maximum supply, will be distributed as part of the Megadrop reward.