SOLV Token is the native token of the Solv Protocol, a project aimed at integrating Bitcoin into the decentralized finance (DeFi) system by providing innovative solutions like SolvBTC, a token backed 1:1 by Bitcoin, allowing Bitcoin holders to earn yields through strategies like staking and trading, without giving up the liquidity of their assets. (weareblox.com)
🔹 Overview of SOLV Token
Current Price: Approximately $0.042
Market Capitalization: It is $62.35 million
Global Ranking: #497 according to CoinMarketCap
Circulating Supply: 1.48 billion SOLV
Max Supply: 9.66 billion SOLV (Bitget, CoinMarketCap)
🪙 Uses of SOLV Token
Governance: SOLV holders have the right to vote on protocol development decisions.
Paying Fees: SOLV can be used to pay transaction fees within the Solv ecosystem.
Rewards: Used in staking programs and rewards within the protocol. (osl.com)
🎁 Free Distribution Details (Airdrop)
The Solv Foundation launched a free distribution campaign for SOLV, covering 7.65% of the total supply, distributed as follows:
7.25%: for participants in the first season based on earned points.
0.25%: for early users, including holders of eligibility vouchers and KYC addresses.
0.15%: for participants of the OKX Cryptopedia campaign. (docs.solv.finance)
The token claiming process began on January 17, 2025, with immediate access for over 99% of wallets, while major wallets underwent a gradual vesting mechanism over 3 months. (docs.solv.finance)
🧠 Why Invest in SOLV?
Strong Institutional Support: Backed by major investors such as Binance Labs and Blockchain Capital.
Integration with DeFi: Allows Bitcoin holders to earn yields without giving up the liquidity of their assets.
Incentivized Rewards System: Free distribution programs and rewards for active users.
Vision: Aiming to convert over a trillion dollars of inactive Bitcoin into yield-generating assets. (weareblox.com, Binance)