The 'old friend' @SolvProtocol has finally welcomed TGE (expected) in Q1 2025 after nearly a year since its launch. Despite facing various FUD recently, the team stood up to face public opinion, which is rare and valuable in Web3. We hope the project performs well after its launch.
$SOLV token economics have also been announced: 7.39% of the total supply is allocated for community airdrops, and 7.39% is for the Megadrop Phase 3 project. There are 6 days left for Megadrop Phase 3 activities. You can directly participate in early airdrop activities through the Binance app. Here’s how to participate: Entry point: Binance APP - Megadrop - SolvProtocol
Specific steps: Click to start the task, after entering the task page, click connect wallet in the upper right corner, select the BSC chain, deposit at least 0.00011 BTCB, return to the task page for task verification. (Remember to pre-load gas).
The following are key information compiled from the research white paper, hoping to be helpful to everyone:
1. About SolvProtocol
Solv is a BTC staking protocol that builds a thriving financial ecosystem centered around BTC by releasing liquidity and maximizing the utility of idle BTC, with the mission of unlocking the full potential of Bitcoin by converting over $1 trillion of idle BTC into yield-generating assets and becoming Bitcoin's on-chain reserve in DeFi.
2. SolvProtocol Investment Lineup
From the perspective of the investment lineup, Solv Protocol can be considered an all-star lineup, with very prominent investors. Seven major VCs including Spartan Group led the investment, and several well-known institutions including Binance Labs participated. After four rounds of financing, it has completed a $24 million strategic round with a valuation of $200 million.
3. Project Highlights
① Non-custodial
② Staking Abstract
③ Bitcoin Reserve Offering Plan (BRO)
4. Token Economics
The token name for Solv is $SOLV
The maximum token supply is 9,660,000,000 $SOLV
Total genesis supply of 8,400,000,000 $SOLV (86.96% of maximum supply)
$SOLV
The contract currently operates on BEP-20, with an initial circulation of 1,482,600,000 (17.65% of the total genesis supply, 15.35% of the maximum supply) at launch on Binance, and 588,000,000 (7.00% of the total genesis supply, 6.09% of the maximum supply) allocated for this Binance Megadrop distribution.
5. Conclusion
From the initial launch of the points system for SolvProtocol (Q2 2024) to now nearly a year later, although the BTC staking sector is still in a relatively nascent stage, the staking amount on Solv has already exceeded 12,000 $BTC in Q2 2024, indicating that the market is not short of money but lacks quality projects worthy of participation. We hope $SOLV's launch can withstand the push of the BTC staking sector in 2025 and lead it forward.
Binance Registration: https://www.marketwebb.ac/activity/referral-entry/CPA?ref=CPA_002LAW6QMO