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Solv Protocol
Megadrop on Binance
Active
30 Dec 2024 - 26 Jan 2025
Solv protocol is a multichain Bitcoin liquid restaking protocol with its own Bitcoin reserve token $solvBTC. It integrates with multiple leading web3 protocols that utilize $BTC reserves for staking, delta-hedging, and other purposes to allow users to liquid restake their holdings, provide liquidity to those platforms, earning yield, and receive LRT instead, like $solvBTC.BBN or $solvBTC.ENA.
$SOLV token has been already confirmed, but there is no info on its utility, economy, and more. Nevertheless, we assume the $SOLV token will be the governance coin of the protocol.
On December 30th, Binance announced the Megadrop campaign and, in the future, listing on its exchange, allocating 588M $SOLV (6.09% of max token supply).
CoinLaunch Score:
Last update:
Medium
30 Dec 2024
Solv Protocol - Megadrop on Binance Overview
start date:
30 Dec 2024
end date:
26 Jan 2025
Reward Distribution:
27 Jan
More about Solv Protocol
Reward
N/A
Reward Pool:
588000000 $SOLV
Winners:
N/A
How to join Solv Protocol - Megadrop on Binance?
To participate in the Binance Megadrop, first, you need to sign up or log in to your account, complete KYC verification if haven’t done this before (to confidently use Simple Earn features), and create your Binance web3 wallet in the mobile app.
Then, you need to acquire some $BNB tokens in your account and lock $BNB into the “Binance Locked” products. For subscribing with $BNB, you will receive a score based on the amount of BNB subscribed and the duration of the Binance product you locked $BNB. The multipliers for each locked product are:
- 1x for 30-day pool;
- 1.1x for 60-day pool;
- 1.2x for 90-day pool;
- 1.3x for 120-day pool.
Furthermore, soon there will be available Web3 wallet quests, allowing you to earn additional score points for either engaging with Solv’s/Binance’s socials or the main product ($solvBTC token).
Once the event concludes, you will receive a share of Megadrop rewards, depending on your score ranking and $SOLV will be available for trading on the Binance exchange.
Good Luck! 🍀
Step-by-step Guide
Sign up or Log in on Binance;
Complete KYC and create your Binance Web3 wallet if haven’t yet;
Subscribe to BNB Locked Products;
Complete as many Solv protocol quests available in the Web3 wallet as possible;
Get your $SOLV at the end of the event.
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