$SOLV The SOLV tokenomics details, as per the latest information available, are as follows:
Token Supply:
Maximum Token Supply: 9,660,000,000 SOLV. This supply can be increased through governance votes related to Bitcoin Reserve Offerings (BROs).
Total Genesis Token Supply: 8,400,000,000 SOLV, making up approximately 86.96% of the maximum token supply at inception.
Initial Distribution:
Megadrop Token Rewards: 588,000,000 SOLV tokens (7% of the total initial supply, or 6.09% of the maximum supply) were allocated for the Binance Megadrop rewards. This distribution was aimed at early adopters and participants in specific tasks or campaigns set by Solv Protocol in collaboration with Binance.
Circulating Supply:
At Binance Listing: The initial circulating supply was set at 1,482,600,000 SOLV tokens, which is 17.65% of the total genesis supply and 15.35% of the maximum token supply. This reflects the tokens available for trading or use immediately post-listing.
Token Utility:
Governance: SOLV token holders can vote on network governance decisions, influencing the direction and development of the Solv Protocol.
Staking: Users can stake SOLV on the protocol's Staking Abstraction Layer (SAL) to earn protocol emissions, contributing to network security and earning rewards.
Fee Discounts: Holding SOLV provides discounts on transaction fees within the Solv ecosystem, including redemption fees for products like SolvBTC.
Future Supply Adjustments:
Bitcoin Reserve Offerings (BROs): Solv preliminarily plans for three BROs in 2025, each minting 42 million SOLV tokens specifically for convertible note sales. These sales are intended to acquire Bitcoin for the protocol's reserve, with the notes maturing in a year, allowing SOLV token claims in subsequent quarters of 2026. Beyond this, any further BROs will be subject to DAO governance.
Airdrop and Pre-sale:
Specific campaigns like the Binance Megadrop and other airdrops or pre-sales have been used to distribute tokens to early supporters, community members, and strategic partners.
