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IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the 3rd project on Binance Megadrop - Solv Protocol (SOLV), a Bitcoin staking protocol, building a Bitcoin-centric financial ecosystem. Users can start participating in the SOLV Megadrop from 2025-01-07 00:00:00 (UTC). The SOLV Megadrop page is estimated to be available on the Binance App in 12 hours.
Binance will then list Solv Protocol (SOLV) at 2025-01-17 10:00 (UTC) and open trading with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY trading pairs. The seed tag will be applied to SOLV.
SOLV Megadrop Period:
2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC)BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2025-01-07 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period.Web3 Quest 1: “Stake 0.0001 BTCB on Solv Protocol” (Tutorial) 2025-01-17 06:00:00 (UTC)Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Account.
SOLV Megadrop Details:
Token Name: Solv Protocol (SOLV)Max Token Supply: 9,660,000,000 SOLV (dynamic, may increase via network governance for Bitcoin Reserve Offering)Total Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max token supply)Megadrop Token Rewards: 588,000,000 SOLV ( 7.00% of genesis token supply, 6.09% of max token supply)Initial Circulating Supply When Listed on Binance Spot: 1,482,600,000 SOLV (17.65% of genesis token supply, 15.35% of max token supply)Research Report: Solv Protocol (SOLV)User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 4,704,000 SOLVRewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest BonusLocked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount * 130) + (Average 90-day BNB Locked Amount * 120) + (Average 60-day BNB Locked Amount * 110) + (Average 30-day BNB Locked Amount * 100) + (Average DeFi BNB Assets Amount * 30)Web3 Quest Multiplier: 1.5Web3 Quest Bonus: 500
How to Get Started With Binance Megadrop*:
Log into your Binance account.Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet (keyless). Create your first Binance Wallet (keyless) now if you have not yet done so.After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.Receive Megadrop rewards based on your Total Score.
*Notes:
External wallets imported to Binance Wallet (keyless) will not count. Only Multi-Party Computation (MPC) wallets that are created in Binance Wallet (keyless) may participate in Megadrop events. About BNB Locked ProductsFor the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.Users may receive Megadrop, Launchpool rewards, and HODLer Airdrops at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools or HODLer Airdrops. BNB Flexible Products assets will not count toward the Megadrop score calculation.
Solv Protocol (SOLV) Project Links:
WebsiteWhitepaperXMedium
Further Information:
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 QuestsWhat Is Binance MegadropWhat Is Binance Wallet and How Does It WorkHow to Back Up Your Binance WalletFrequently Asked Questions on Megadrop and BNB Locked Products
Terms & Conditions:
Only users who complete identity verification in eligible jurisdictions may participate in the Solv Protocol (SOLV) Megadrop. During the BNB Locked Products Snapshot Period, snapshots of users’ BNB Locked Products subscription amounts will be taken multiple times at any point of time each hour to get users’ hourly average subscriptions and calculate users’ Locked BNB Score. Locked BNB Score will be updated on a daily basis.Each sub-account will not be viewed as an independent account when participating in this Megadrop. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.Trading Bots, Spot Copy Trading, and Spot Algo Order services will be enabled for the aforementioned token within 12 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance MPC Wallet will be supported in Megadrop reward calculation.Please note that some features of Megadrop may not be available in every country due to regional restrictions. This includes, but is not limited to, Binance Wallet (keyless) access or participation in Simple Earn. Therefore it is possible that only some features of the Megadrop platform may be available in users’ regions, and users may have partial access to the Megadrop platform. Currently, users residing in the following countries or regions will not be able to participate in Megadrop by subscribing to BNB Locked Products or completing Web3 Quests: For Simple Earn BNB Locked Products participants: Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, Lithuania, New Zealand, Netherlands, North Korea, Russia, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.For Web3 Quests participants: Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors. Binance reserves the right to take any action if participants are found to commit the below behaviors, including but not limited to, wash trading, bulk account registration, self-dealing, etc.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-01-06
Note: This announcement was updated on 2025-01-06 to clarify that we are referring to Binance Wallet (keyless) in this announcement.