Binance Lists SOLV and Launches Solv Protocol Megadrop

Binance, the world's leading cryptocurrency exchange, has just announced that it will list SOLV, the native token of the Solv Protocol, at 17:00 on January 17, 2025 (UTC). After listing, users can trade SOLV with the following pairs: SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY.

Along with the SOLV listing, Binance also launched its 3rd Megadrop program for the community. This program gives Binance users the opportunity to receive SOLV for free before the token is officially listed on the exchange.

Megadrop SOLV program details:

- Time to take place: From 07:00 on 07/01/2025 to 06:59 on 17/01/2025 (Vietnam time).

- How to participate:

• Staking BNB: Users stake BNB in Binance's BNB Locked Products. The staked BNB balance will be snapshotted every hour to calculate bonus points. The longer the staking time, the higher the bonus point.
• Complete web3 tasks: The user needs to complete the task “Stake 0.0001 BTCB on Solv Protocol”. Detailed instructions on this task are provided by Binance hereof.

SOLV Allocation:

• Token Name: Solv Protocol (SOLV)
• Maximum Total Supply of SOLV:9,660,000,000 SOLV (can be raised through network administration to cater for Bitcoin Reserve Offering)
• Initial Gross Supply:8,400,000,000 SOLV (representing 86.96% of the maximum total supply)
• The amount of SOLV allocated to Megadrop: 588,000,000 SOLV (representing 7.00% of the total initial supply and 6.09% of the maximum total supply)
• Initial circulating supply when listed on Binance:1,482,600,000 SOLV (accounting for 17.65% of total initial supply and 15.35% of total maximum supply)
• Each maximum user receives 4,704,000 SOLV from the Megadrop program.

How to calculate bonus points:

• BNB Locked Points: (120 day key average BNB balance *130) + (90-day key average BNB balance *120) + (60-day key average BNB balance *110) + (30-day key average BNB balance *100) + (Average BNB balance in DeFi *30)
• Web Task Multiplier 3:1.5
• Web3 Quest Reward Points: 500
• Total Score = (BNB Points locked * Web3 Task Multiplier) + Web3 Mission Rewards Points

Solv Protocol is a restaking protocol on the Bitcoin ecosystem. Users can stake Bitcoin LST assets such as tBTC, WBTC, BTC.b... and receive SolvBTC tokens. Accordingly, holders of SolvBTC tokens can participate in DeFi activities on various networks, such as Lending/Borrowing, Farming...

Solv Protocol is considered one of the most potential projects in the Babylonian ecosystem. The project successfully raised $11 million through five rounds of funding, with the participation of major investment funds such as Binance Labs, Spartan, IOGS Ventures, and Mirana Ventures.

Solv Protocol is the third project to be introduced on Binance Megadrop, after BounceBit (BB) and Lista (LISTA).

Binance Megadrop is a new token issuance platform, designed to optimize the airdrop experience for users. The platform integrates seamlessly between Binance Simple Earn and Binance Web3 Wallet, giving users early access to web3 projects before they are officially listed on Binance.

Binance stressed that it was the first exchange to list SOLV. Any information about the sale of SOLV before the time of official listing is fraudulent. Users need to be extremely vigilant and research themselves thoroughly before engaging in any investment activity.

Binance's listing of SOLV and the launch of the Megadrop program is good news for the cryptocurrency community, especially those interested in the Bitcoin ecosystem. This is an opportunity for users to have early access to SOLV and the growth potential of the project.