Key Points
- Binance introduced that it’ll listing SOLV on January 17 at 10:00 (UTC) with Seed Tag utilized.
- The crypto trade will open buying and selling for SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY pairs.
Binance introduced that the Solv Protocol (SOLV) Megadrop is now open and customers can subscribe to BNB Locked Products and full Web3 quests to take part.
Also, the crypto trade would be the first to listing SOLV on January 7 at 10:00 (UTC).
SOLV Listing Details
Binance will open buying and selling for the next pairs:
- SOLV/USDT
- SOLV/BNB
- SOLV/FDUSD
- SOLV/TRY
In the official announcement, the crypto trade revealed that SOLV can have the Seed Tag utilized, that means that the venture is a more moderen one and would possibly exhibit larger volatility in comparison with different already listed tasks.
This means customers are suggested to do their very own analysis earlier than investing in SOLV.
Binance’s official notes included Megadrop further particulars as effectively.
SOLV Megadrop Period
The SOLV Megadrop interval will start tomorrow, January 7 at 00:00 (UTC) and it’ll final till January 16, at 23:59:59 (UTC).
Binance additionally addressed the BNB Locked Products Snapshot interval, saying that to maximise Locked BNB Scores, customers can begin locking their BNB in BNB Locked Products earlier than January 7, as a result of hourly snapshots of customers’ subscription quantities will likely be taken throughout this era.
Also, customers can full Web3 Quests in the course of the Quest interval. The first quest is staking 0.0001 BTCB on Solv Protocol, in line with the official announcement.
On January 17, at 06:00 (UTC), rewards distribution will happen and customers can view their Megadrop rewards of their Binance Spot Account.
In order to have the ability to participate in Megadrop, customers must log in to their Binance account or create one here.
Binance introduced the Solv Protocol (SOLV) as its third Megadrop venture on December 30 when the trade additionally provided extra particulars about SOLV tokenomics as effectively.
What is Solv Protocol (SOLV)?
Solv Protocol (SOLV) is a Bitcoin staking protocol that builds a Bitcoin-centric monetary ecosystem.
The protocol is powered by the Staking Abstraction Layer (SAL) – a unified commonplace for BTC staking that enables customers to standardize and improve interoperability within the BTC staking ecosystem, enabling accessibility for all contributors.
The most token provide of SOLV will likely be 9,66 billion cash (a dynamic provide) and the whole Genesis token provide will likely be 8,4 billion cash (87% of the utmost token provide).
On X, the workforce at Solv Protocol notes that the venture pioneers a decentralized BTC Reserve with SolvBTC.
