Binance to List Solv Protocol (SOLV) on Megadrop Platform

Binance has announced the listing of Solv Protocol (SOLV) as the third project on its Megadrop platform. Solv Protocol is a Bitcoin staking protocol aimed at building a Bitcoin-centric financial ecosystem. The trading start time for SOLV will be announced separately, and any claims of offering the token for sale before the official timeline are considered false advertising.

The Solv Protocol Megadrop will feature a maximum token supply of 9,660,000,000 SOLV, with an initial circulating supply of 1,482,600,000 SOLV when listed on Binance Spot. The Megadrop token rewards will amount to 588,000,000 SOLV, representing 7% of the genesis token supply. More details on the Megadrop amount, Web3 Quests, and the detailed listing plan will be provided in a future announcement.

Understanding Binance Megadrop

Binance Megadrop is a new token launch platform that integrates Binance Simple Earn and the Binance Web3 Wallet. This platform offers users early access to select Web3 projects before they are listed on Binance, enhancing the airdrop experience through engagement, education, and rewards.

To participate in the Megadrop, users must log into their Binance account, subscribe to BNB Locked Products, and complete Web3 Quests. These actions help users accrue scores, which determine their Megadrop rewards. The scoring system is based on the quantity of BNB subscribed and the length of the subscription period, with longer subscriptions yielding higher scores.

Participation and Eligibility

Users interested in participating in the SOLV Megadrop must complete identity verification and hold at least one active Binance Web3 Wallet. However, residents from certain jurisdictions, including the United States, United Kingdom, and several others, are not eligible to participate in the Megadrop by subscribing to BNB Locked Products or completing Web3 Quests.

Binance has updated the APRs and maximum subscription limits for BNB Locked Products in anticipation of future Megadrop events. Users participating in Megadrop by locking their BNB will also receive Launchpool rewards and HODLer Airdrops simultaneously.

For more information, users can refer to the official announcement on Binance’s website.

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