What is SOLV protocol?
- SOLV is a leading Bitcoin staking protocol, building a thriving Bitcoin-centric financial ecosystem by unlocking liquidity and maximizing the utility of idle Bitcoin assets.
Key metrics (as at 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-TBA
Project Key Highlights
👉Staking Abstraction: Solv Protocol’s SAL abstracts various processes and hundreds of parameters for bitcoin staking, manages the complexities of staking Bitcoin across multiple ecosystems and presents a unified interface for Bitcoin holders, enabling Bitcoin holders to earn yields across different blockchains.
👉Non-Custodial: Solv Protocol utilizes a decentralized mechanism for managing user assets through the whole process of Bitcoin staking. With the interaction of smart contracts, Bitcoin scripts and third-party verifiers, user’s Bitcoin assets are processed in a non-custodial environment.
👉Bitcoin Reserve Offerings (BROs): To leverage its Bitcoin reserve, Solv preliminarily plans 3 BROs, each minting 42 million SOLV tokens exclusively for convertible note sales (scheduled for Q1, Q2, and Q3 2025). These sales will acquire BTC for the protocol-owned reserve. Convertible notes mature in one year, with SOLV token claimability in Q1, Q2, and Q3 2026, respectively. Afterwards, further Bitcoin Reserve Offerings will be under DAO governance and the token supply may increase via network governance for Bitcoin Reserve Offering.
Token Allocation (of genesis supply)
What is Binance Megadrop?
Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and Binance Web3 Wallet to create an innovative airdrop experience. The platform is designed to give users early access to new token projects and multiple ways to earn rewards. With Binance Megadrop, users can subscribe to fixed-term products, complete Web3 quests, and receive token rewards proportional to the accumulated score.
How to Participate in Binance Megadrop?
1. Log in to your Binance account on the mobile app, then find the [Megadrop] icon. If you can't see it, go to [Other Services] first.
2. Next, you will see the selected Web3 project. You can browse the pages of each project to find out more information about participation periods, quests, reward distribution, coin listing times, tokenomics, etc.
3. If a project is available, you can complete various quests to earn points and rewards based on your score.
4. Each project may have a different set of quests. For example, you can earn points by putting BNB into a Simple Earn product subscription or by connecting your Binance Web3 Wallet to a project.
SOLV Megadrop Period:
2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC)
BNB Locked Products Snapshot Period:
To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2025-01-07 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.
Web3 Quest Period:
Users may complete Web3 Quest(s) during the Quest Period.
Web3 Quest 1: “Stake 0.0001 BTCB on Solv Protocol” (Tutorial)
2025-01-17 06:00:00 (UTC)
Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Account.
