What is Solv Protocol? 🤔
Solv Protocol is a Bitcoin staking platform that transforms idle Bitcoin assets into yield-generating instruments, integrating them seamlessly into the decentralized finance (DeFi) ecosystem. By offering solutions like SolvBTC and Liquid Staking Tokens (LSTs), Solv enables both retail and institutional investors to earn yields without sacrificing liquidity.
Key Metrics (as of December 31, 2024) 📊:
Token Name: Solv
Token Type: BEP-20
Initial Circ. Supply When Listed on Binance: 1,482,600,000 (17.65% of genesis token supply, 15.35% of max token supply)
Maximum Token Supply: 9,660,000,000
Total Token Supply: 8,400,000,000 (86.96% of max token supply)
Binance Megadrop Allocation: 588,000,000 (7.00% of genesis token supply, 6.09% of max token supply)
Binance Megadrop Start Date: 2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC)
Token Allocation (of genesis supply)
Token Allocation (of max supply as at December 31, 2024)
Project Key Highlights ✨
Staking Abstraction Layer (SAL): Simplifies Bitcoin staking across multiple ecosystems, providing a unified interface for users to generate yields across different blockchains.
Non-Custodial Framework: Utilizes decentralized mechanisms, including smart contracts and Bitcoin scripts, ensuring users retain control over their assets throughout the staking process.
Bitcoin Reserve Offerings (BROs): Plans to conduct three BROs in 2025, each minting 42 million SOLV tokens for convertible note sales, aiming to enhance the protocol-owned Bitcoin reserve.
Current Roadmap:
Q1 2025:
CEXs and DEXs Listing
SolvBTC and SolvBTC.LSTs are integrated with more ecosystems like BeraChain, Sonic, zkSync, Soneium, Sei and more
Launch Exchange Earn Campaigns
Launch Second SOLV Points Campaign
Launch the first Bitcoin Reserve Offering
Launch SolvBTC.RWA
Q2 2025:
Launch the second Bitcoin Reserve Offering
Launch SolvDAO
Integration of BTC ETFs into SolvBTC Core Reserve
Launch additional SolvBTC.LST
ETF Tokenization
What is Binance Megadrop? 🎟️
Binance Megadrop is an exciting platform that combines staking and Web3 quests to reward users with early access to promising projects like Solv Protocol (SOLV). It’s your chance to get involved in the next big thing in crypto!
Users can start participating in the SOLV Megadrop from 2025-01-07 00:00:00 (UTC).
Binance will then list Solv Protocol (SOLV) at 2025-01-17 10:00 (UTC) and open trading with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs. The seed tag will be applied to SOLV.
How to Participate in Binance Megadrop 🚀
Subscribe to BNB Locked Products: Lock your BNB in Binance’s Locked Products to earn rewards and increase your chances of receiving SOLV tokens, as hourly snapshots of users’ subscription amounts will be taken during this period.
Complete Web3 Quests: Engage with the Solv Protocol ecosystem by completing Web3 tasks and quests.
Rewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus
Locked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount 130) + (Average 90-day BNB Locked Amount 120) + (Average 60-day BNB Locked Amount 110) + (Average 30-day BNB Locked Amount 100) + (Average DeFi BNB Assets Amount * 30)
Web3 Quest Multiplier: 1.5
Web3 Quest Bonus: 500
How to Get Started With Binance Megadrop*:
Login to your Binance accunt
Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet (keyless). Create your first Binance Wallet (keyless) now if you have not yet done so.
After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.
Receive Megadrop rewards based on your Total Score.
Don’t miss out on this chance to be part of the Solv Protocol revolution and earn some sweet SOLV tokens along the way! 🌟
