Binance has now launched Solv Protocol, a Bitcoin staking protocol with the aim of building a Bitcoin and Bitcoin-native financial ecosystem.
No other platform will launch the SOLV tokens, and any platform claiming to “list” or offer SOLV tokens ahead of the launch schedule is false advertising, explains Binance. The details and exact timing of trading will be announced separately. An updated, formal research report on Solv Protocol will also be published within the next 24 hours.
The Solv Protocol tokenomics includes the maximum supply of 9,660,000,000 SOLV tokens and a genesis supply of 8,400,000,000 tokens, accounting for 86.96% of the total supply. Of these, 588,000,000 SOLV tokens, including 7% of the Genesis supply and 6.09% of the maximum supply, will be distributed as part of the Megadrop rewards.
At the time of the Binance listing, this circulating supply is 1,482,600,000 SOLV tokens, which is 17.65% of the Genesis supply and 15.35% of the maximum supply. The crypto exchange will provide further details on the Megadrop reward structure, Web3 quests and listing schedule in a separate announcement.
Binance Megadrop brings together Binance Simple Earn and Binance Wallet to provide users with a more comprehensive airdrop experience. It offers users early access to select Web3 projects so they can start participating in innovative projects long before their official listing on Binance.
Megadrop participants can subscribe to BNB Locked Products and complete the Web3 quests, so corresponding points are awarded to determine the allocation of…
