Hey Binancians!

Good news for you guys! After a long time, BINANCE MEGADROP is finally back with its third project, this time featuring Solv Protocol (SOLV) as its star. You can participate in the SOLV Megadrop starting from January 7, 2025 at 07:00 WIB to January 17, 2025 at 06:59 WIB. Binance will also officially list Solv Protocol (SOLV) on January 17, 2025 at 17:00 WIB and open trading with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs with the “seed” tag.

What is Solv Protocol?

Solv Protocol is a Bitcoin staking protocol designed to develop a Bitcoin-based financial ecosystem. With technologies such as the Staking Abstraction Layer (SAL), SolvBTC, and SolvBTC.LSTs (Liquid Staking Tokens), the protocol allows inactive Bitcoin to be converted into productive assets without sacrificing liquidity.

Misc Solv Protocol:

  • Turning over $1 trillion of idle Bitcoin into productive assets.

  • Building secure and decentralized infrastructure to maximize Bitcoin's utility in the DeFi ecosystem.

Solv Protocol Key Products:

  1. SolvBTC: Token pegged 1:1 to BTC, supports secure cross-chain transfers and integration with DeFi.

  2. SolvBTC.LSTs: Liquid staking tokens that allow you to earn yield without losing liquidity.

  3. Staking Abstraction Layer (SAL): Simplifies the process of staking Bitcoin with an integrated interface.

Tokenomics Details (as of December 31, 2024):· 

  • Nama Token: SOLV

  • Token Type: BEP-20

  • Maximum Supply: 9,660,000,000

  • Genesis Supply: 8,400,000,000

  • Supply at Listing: 1,482,600,000 (17.65% of genesis supply)

  • Binance Megadrop Allocation: 588,000,000 (7.00% of genesis supply)

Solv Protocol Project Advantages:

  1. Non-Custodial: Bitcoin asset management uses a decentralized mechanism based on smart contracts.

  2. Bitcoin Reserve Offerings (BROs): The protocol will launch three BROs in 2025 to strengthen the protocol's BTC reserves.

  3. SAL Modular Infrastructure: Simplifying Bitcoin staking with LST issuance, staking verification, and yield distribution services.

Are you familiar with Solv Protocol and all its advantages? Now, let's get to the fun part—how you can get involved and profit from this project! Binance has a cool platform called Megadrop that makes token launches more interesting and accessible. So, what is Binance Megadrop, and how can you profit from it? Let's discuss further!

What Is Binance Megadrop?

Binance Megadrop is a token launch platform that combines Binance Simple Earn and Binance Web3 Wallet to create a unique airdrop experience. You can get early access to new token projects and various rewards through:

· Subscribe to fixed-term products.

· Complete Web3 missions to collect scores.

· Get reward tokens based on the score obtained.

How to Participate in Binance Megadrop:

  1. Log in to your Binance account and Lock Staking BNB or complete Web3 missions to collect scores.

  2. Make sure you have an active Binance Web3 wallet.

  3. Accumulate scores through Lock Staking on Simple Earn or by completing Web3 quests.

  4. Go to the Megadrop section in the Binance app and complete missions to earn extra scores.

  5. Claim rewards based on the Total Score you collect.

Steps to Complete the Megadrop SOLV Quest:

Step 1: Fund Your Wallet with BTCB

  1. Log in to the Binance app and go to the “Wallets” section, then select “Web3”.

  2. Tap “Receive” and transfer BTC from your exchange account to Binance Wallet.

  3. Select the amount of BTC you want to transfer, make sure the network is BNB Smart Chain (BEP-20), then tap "Withdraw".

  4. Make sure you have enough BNB balance (around $2–$3) for gas fees.

Step 2: Deposit BTCB to Mint SolvBTC on Solv Protocol

  1. Go back to the Megadrop Quest Detail page and tap "Start Now".

  2. You will be redirected to the Solv Protocol dApp. Connect your Binance Wallet and make sure the network is set to BNB Chain.

  3. Enter the amount of BTCB you wish to deposit (minimum 0.0001 BTCB) and tap "Agree".

  4. Confirm the transaction by tapping "Deposit" via Binance Wallet.

Step 3: Withdraw/Unstake BTCB from Solv Protocol

  1. Go to the “My Portfolio” section in Solv Protocol.

  2. Connect Binance Wallet, enter the amount of BTCB you want to withdraw, and confirm the transaction.

  3. Wait for the unstaking process to complete (approximately 2–7 days), then return to “My Portfolio” to tap “Claim”.

Score Based Megadrop Mechanism

Megadrop rewards for each qualified user will be based on their Total Score in proportion to the Total Score of all qualified users. Here is how the scoring system works:

- BNB Lock Score: Users receive a score based on the amount of BNB staked and the length of the staking period. Longer subscriptions result in higher scores, with scores fluctuating based on daily snapshots.

- Web3 Mission Bonus and Multiplier: Completing all specified Web3 Missions with minimum requirements awards Web3 Mission Bonus and Multiplier.

- Total Score Calculation: Total Score is calculated by multiplying the BNB Lock Score by the Web3 Mission Multiplier and adding the Web3 Mission Bonus.

Total Score = (BNB Lock Score x Web3 Mission Multiplier) + Web3 Mission Bonus

If the user does not complete all the specified Web3 Missions, the multiplier will be 1.

Given the success of the previous two Binance Megadrop projects, this third project has great potential. So what are you waiting for? Lock your BNB now, complete the quest, and earn money from Solv Protocol!