KEY TAKEAWAYS
- Binance announces the listing of Solv Protocol (SOLV) as part of its Megadrop initiative, with trading set to begin on January 17, 2025.
- The Solv Protocol focuses on building a Bitcoin-centric financial ecosystem, emphasizing Bitcoin staking.
- Participation in the SOLV Megadrop requires identity verification and is subject to regional restrictions, with rewards based on Locked BNB Scores and Web3 Quest bonuses.
- Users are advised to verify the legitimacy of any SOLV token sales before the official listing to avoid false advertising.
Binance has announced the listing of Solv Protocol (SOLV) as the third project in its Binance Megadrop initiative. The SOLV Megadrop will commence on January 7, 2025, allowing users to participate until January 16, 2025. Trading for SOLV will begin on January 17, 2025, with available pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
The Solv Protocol aims to build a Bitcoin-centric financial ecosystem, focusing on Bitcoin staking. The total maximum token supply for SOLV is set at 9.66 billion, with an initial circulating supply of approximately 1.48 billion tokens when listed on Binance Spot.
Participation Details and Eligibility
To participate in the SOLV Megadrop, users must complete identity verification in eligible jurisdictions. The Megadrop rewards are calculated based on a combination of Locked BNB Scores and Web3 Quest bonuses. Users can enhance their scores by locking BNB in Binance’s Locked Products and completing designated Web3 Quests.
During the BNB Locked Products Snapshot Period, hourly snapshots of users’ BNB subscriptions will be taken to calculate the Locked BNB Score. The Web3 Quest period includes tasks such as staking BTCB on the Solv Protocol, with rewards distributed to users’ Binance Spot Wallets.
Regional Restrictions and Important Considerations
Participation in the Megadrop is subject to regional restrictions. Users from certain countries, including the United States, United Kingdom, and others, may face limitations in accessing specific features of the Megadrop platform. Binance advises users to conduct thorough research and ensure the safety of their funds, as any claims to offer the SOLV token for sale before the official listing are considered false advertising.
For more information, users can refer to the official announcement here.
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