The returns from each phase of Megadrop have been quite good, and the third phase of the Solv Protocol is highly anticipated! Solv Protocol will officially launch on Binance at 18:00 on January 17! $SOLV, as the third phase project of Megadrop, has attracted a large number of users through mining and task airdrops. So what exactly is Solv? Why is it worth关注?
1. What is the Solv Protocol?
The Solv Protocol is not just an average Bitcoin staking DeFi protocol; it is the 'super transformer' of the Bitcoin financial world! It not only helps Bitcoin holders release liquidity but also creates innovative financial functions such as financial NFTs and digital bonds. It is centered around Bitcoin and builds a decentralized financial ecological empire, transforming Bitcoin from a cold 'digital gold' into a 'money-making tool' that can operate across multiple blockchain platforms and appreciate wildly—flexible and efficient!
2. Core Technology: The Breakthrough of Liquidity and Staking
SolvBTC: A magical token pegged 1:1 to Bitcoin, like a clone of Bitcoin, allowing cross-chain transfers, participation in DeFi protocols, while perfectly maintaining Bitcoin's value, leading to an explosive growth in its usage scenarios!
SolvBTC.LSTs (liquid staking tokens): This is simply a blessing for Bitcoin holders! While staking assets, it does not affect liquidity at all; Bitcoin can continue to work and earn money while staked, achieving both yield and liquidity!
Staking abstraction layer (SAL): A 'magical interface' created by the tech wizards of Solv Protocol, making Bitcoin staking super simple. Users can easily stake Bitcoin across multiple blockchains, and cross-chain operations are no longer a headache.
3. $SOLV token value:
Governance: SOLV holders are the rulers of the Solv world, participating in platform decision-making, determining the future development direction of Solv, holding the steering wheel of ecological development!
Staking rewards: By staking SOLV, you can earn platform rewards and yields, making money while lying down!
Fee discounts: SOLV holders can enjoy fee discounts when trading on the platform, especially for SolvBTC redemption fees; saving money is earning money! The supply of Solv's tokens is meticulously designed, with a maximum supply of 9.66 billion SOLV tokens, an initial supply of 8.4 billion SOLV tokens, an initial circulating supply of 1.4826 billion SOLV tokens, and a mining distribution of 588 million SOLV tokens, balancing sustainable development and user participation.
4. Financing Background: Backed by Giants, Strength Certified
In the past few rounds of financing, the Solv Protocol has crazily raised $25 million, with top institutions like Binance Labs, Laser Digital, and OKX Ventures as investors. By the end of 2024, Solv's TVL (Total Value Locked) is expected to reach $3 billion, and the vision and real financial investment from these giants are the best testament to Solv's strong appeal and market recognition!
5. Token Economics:
Total token supply:
Total supply: 966 million SOLV tokens
Initial supply: 840 million SOLV tokens
Initial issuance and distribution:
Circulating supply: At the time of the token listing, there will be 14.8 million SOLV tokens in circulation, which accounts for 17.65% of the initial supply and 15.35% of the total supply.
Megadrop rewards: 5.88 million SOLV tokens will be distributed as Megadrop rewards, equivalent to 7% of the total supply and 6.09% of the initial supply.
Usage and Functions:
Governance function: Users holding SOLV tokens can participate in project governance and vote to decide the future development direction of the platform.
Staking and fee discounts: Users can earn rewards by staking SOLV tokens, while enjoying fee discounts for using the platform.
6. Why is Solv worth关注?
The Solv Protocol is the 'hexagonal warrior' in the Bitcoin staking protocol, innovating with liquid staking, cross-chain operations, and decentralized governance, perfectly solving the pain points of Bitcoin staking. Its token economic design is reasonable, attracting investors and incentivizing users to hold and stake long-term. As the DeFi ecosystem expands, Solv offers numerous value-added pathways for Bitcoin holders, whether you want to stake for yield or participate in decentralized governance, Solv is your best choice!
7. Participation Tutorial:
1: Log in to the Binance Web3 wallet (integrated in the Binance App), with at least 0.002 BNB (for gas fees, can be transferred from the exchange), and at least 0.00011 BTCB (can be directly exchanged on the wallet's 'Trade' page).
2: Open the exclusive Binance Megadrop event page, find the #SOLV exclusive airdrop event, lock up BNB, and determine the airdrop allocation ratio based on the amount of BNB you hold and the locking period.
3: Complete the BTCB deposit task. Click to start the task, enter the task page, click 'Connect Wallet' in the upper right corner, select the BSC chain, deposit at least 0.00011 BTCB, and return to the task page to verify the task.
Summary
The Solv Protocol is such a potentially limitless DeFi project, with an innovative technical architecture and token economic design that injects new vitality into the Bitcoin ecosystem. With the support of the Binance Megadrop event, the future market performance of Solv is absolutely worth looking forward to; let’s witness its glorious moments together!