Binance Launches Solv Protocol Megadrop Offering 588 Million SOLV Tokens
Binance has initiated a campaign to promote Solv Protocol (SOLV) through a newly announced Megadrop. This campaign allows users to earn SOLV tokens by staking BNB in Locked Products or completing specific Web3 Quests.
The Solv Protocol (SOLV) Megadrop will run from January 7, 2025, at 00:00 UTC, to January 16, 2025, at 23:59 UTC. Trading for SOLV tokens will commence on January 17, 2025, at 10:00 UTC, with trading pairs including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY available on Binance.
Solv Protocol Campaign to Offer 588 Million SOLV Tokens in Rewards
The campaign features a total reward pool of 588 million SOLV tokens, accounting for 7% of the Genesis Token Supply. Rewards will be calculated using the formula:
Total Score = (Locked BNB Score × Web3 Quest Multiplier) + Web3 Quest Bonus.
No participant can earn more than 4.7 million SOLV tokens.
To participate, users must log in to their Binance accounts and choose between two options: staking BNB in Locked Products, which increases scores based on the staking duration, or completing Web3 quests, such as staking BTCB on the Solv Protocol, to further boost scores.
Users should verify their activities via the Binance Megadrop page and can start claiming rewards daily once the campaign starts. Upon completion of the campaign on January 16, all rewards will be automatically distributed to participants' spot wallets.
Binance will be the first exchange to list SOLV tokens, demonstrating its support for innovative projects within the blockchain sector.