Binance just launched the third project on Megadrop, $SOLV #solv

For those who are still unfamiliar with the term Megadrop,

Binance Megadrop is a feature from Binance that allows users to get rewards in the form of new tokens by locking their BNB and completing Web3 missions called Web3 quests.

And now, Binance has just announced their third project on Megadrop, namely Solv Protocol.

What is Solv Protocol? Solv Protocol is a platform that bridges Bitcoin with DeFi. Usually, Bitcoin only functions as a “store of value” but with SOLV, BTC holders can use their BTC assets to stake, earn yields, and so on without sacrificing liquidity or control over their BTC. Solv Protocol aims to create an on-chain Bitcoin reserve that unlocks the full potential of Bitcoin across multiple blockchain networks. To date, over 25,504 BTC (worth $2.72 billion) has been staked by over 676,000 users.

Key Features of this protocol are:

  1. Staking Abstraction Layer (SAL)

Enables easy cross-blockchain staking.

  1. SolvBTC

    Every 1 SolvBTC has the same value as 1 real Bitcoin.

  2. Liquid Staking Tokens (LSTs)

LST is an innovation that allows Bitcoin holders to stake without losing access to their liquidity.

  1. Cross-Chain Liquidity

SolvBTC enables secure and low-cost asset transfers using Chainlink CCIP technology.

  1. Safe and Transparent Backup
    All assets are backed 1:1 by Bitcoin or equivalent reserves, verified via Proof of Reserves and audited by Quantstamp, Certik, and SlowMist.

Solv Protocol also received support from industry giants such as Binance Labs, Blockchain Capital, Jump Capital, and OKEx Ventures.

And, of course, Solv Protocol has a native token, $SOLV. Well, $SOLV holders can get many benefits, such as:

  • Governance

  • Reward Staking

  • Discount

  • Contributor Rewards

This is what you've been waiting for, how do you get money from Megadrop $SOLV?

It's super easy... just Locked Staking your BNB!

In short, if you want to join Binance Megadrop, you have to Locked Staking BNB that you have to get a score. The bigger the locked BNB, the bigger the score you get. And there is also another way to increase your score, which is by doing the SOLV task (Web3 quest) (optional).

The calculation period for the SOLV Megadrop score is quite long, starting from January 7 to January 16, 2025 with a total reward of 588,000,000 SOLV (6.09% of the max supply).

After that SOLV will be listed on Binance for trading on January 17th! So don't miss out

For those who are new to this, you may still be confused about how to do it, so here are the steps to join Binance Megadrop:

  1. Open the Binance app.

    For those who don't have a Binance account, you can create one here:

    https://accounts.binance.info/en/register?ref=CUAN20

    *20% transaction fee discount forever!

  2. Click on the "Binance Megadrop" menu, select the "$SOLV" project.

  3. Lock the BNB you have (the longer the lock period, the higher the score you can get).

  4. Complete the available Web3 Quests missions for bigger scores.

  5. Later, our scores will be calculated, and rewards in the form of SOLV tokens will be distributed according to the size of your score.

  6. FINISHED

That's it, easy right?

For those who don't have a Binance account, you can create one here:

https://accounts.binance.info/en/register?ref=CUAN20

*20% transaction fee discount forever!

Disclaimer, always do your own research!