Key Points
- Binance would be the 1st platform to listing SOLV.
- Solv Protocol is a Bitcoin staking protocol that builds a BTC-centric monetary ecosystem.
Binance, an important crypto trade on the earth, simply introduced its third venture on the Binance Megadrop platform – Solv Protocol (SOLV). This is a Bitcoin staking protocol that builds a BTC-centric monetary ecosystem.
SOLV Megadrop Details
- The most token provide is 9,66 billion SOLV – the provision is dynamic, which means that it may enhance through community governance for Bitcoin Reserve Offering.
- The complete Genesis token provide is 8,4 billion SOLV, representing virtually 87% of the utmost token provide.
- The Megadrop token rewards are 588 million SOLV tokens or 7% of the Genesis token provide/just a little over 6% of the utmost token provide.
- The preliminary circulating provide when listed on Binance Spot will probably be 1,482,600,000 SOLV tokens or over 17% of the Genesis token provide/over 15% of the utmost token provide.
In its official announcement, Binance revealed that extra particulars concerning the Megadrop quantity, Web3 quests, and detailed itemizing plan will probably be introduced individually.
It’s necessary to notice that Binance would be the first trade that may listing SOLV.
What is Binance Megadrop?
Binance Megadrop is the trade’s token launch platform that options airdrops and Web3 quests. The platform is an ecosystem enhancer that enables contributors to discover, interact, and earn from next-gen blockchain initiatives.
On the platform, customers can subscribe BNB tokens to Locked Products and/or full duties of their Web3 Wallet to get early entry to rewards from chosen Web3 initiatives earlier than the tokens are listed within the trade.
To get began with Binance Megadrop, customers should first log in to their account, or create one here.
The first two Megadrop initiatives have been BounceBit and Lista.
What is Solv Protocol (SOLV)?
According to the venture’s official website, Solve Protocol is a number one Bitcoin staking platform powered by Staking Abstraction Layer.
SAL: A Massive Opportunity for Bitcoin
On October 14, Solv Protocol announced through X $25 million in complete fundraising to pave the best way for mass adoption of Bitcoin staking, powered by the just lately launched SAL (Staking Abstraction Layer).
Solv Protocol’s Staking Abstraction Layer is a unified commonplace for Bitcoin staking. Users can standardize and improve interoperability within the Bitcoin staking ecosystem, enabling accessibility for all contributors.
The staff behind the venture talked about on X that regardless of its trillion-dollar market cap, Bitcoin faces necessary challenges together with:
- Lack of native yield
- Fragmented liquidity in DeFi
- Limited integrations with Core DeFi Primitives
SAL eliminates the obstacles in Bitcoin staking, simplifying and unifying the staking expertise throughout a number of blockchains.
In collaboration with BNB Chain, Ceffu, and Chainlink, SAL permits BTC holders to stake seamlessly throughout protocols, addressing BTC’s restricted programmability, and opening up new alternatives.
A Seamless Bitcoin Staking Experience
Users can take pleasure in a seamless Bitcoin staking expertise with:
- SolvBTC.BBN (yield-bearing token that represents staked SolvBTC and all future Babylon staking rewards and Solv Points)
- SolvBTC.ENA (liquid yield token that integrates with numerous DeFi protocols)
- SolvBTC.Core (a liquid staking token that allows Bitcoin holders to stake their cash on the Core Network and earn returns)
Today, December 30, Solv Protocol announced a “Meet the Team” occasion through Discord at 12 PM (UTC) throughout which customers can:
- Meet the venture’s co-founder Ryan Chow
- Dive into the venture’s future and journey
- Engage with the group
