Key Points
- Binance announced that it will list SOLV on January 17 at 10:00 (UTC) with Seed Tag applied.
- The crypto exchange will open trading for SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY pairs.
Binance announced that the Solv Protocol (SOLV) Megadrop is now open and users can subscribe to BNB Locked Products and complete Web3 quests to participate.
Also, the crypto exchange will be the first to list SOLV on January 7 at 10:00 (UTC).
SOLV Listing Details
Binance will open trading for the following pairs:
- SOLV/USDT
- SOLV/BNB
- SOLV/FDUSD
- SOLV/TRY
In the official announcement, the crypto exchange revealed that SOLV will have the Seed Tag applied, meaning that the project is a newer one and might exhibit higher volatility compared to other already listed projects.
This means users are advised to do their own research before investing in SOLV.
Binance’s official notes included Megadrop additional details as well.
SOLV Megadrop Period
The SOLV Megadrop period will begin tomorrow, January 7 at 00:00 (UTC) and it will last until January 16, at 23:59:59 (UTC).
Binance also addressed the BNB Locked Products Snapshot period, saying that to maximize Locked BNB Scores, users can start locking their BNB in BNB Locked Products before January 7, because hourly snapshots of users’ subscription amounts will be taken during this period.
Also, users can complete Web3 Quests during the Quest period. The first quest is staking 0.0001 BTCB on Solv Protocol, according to the official announcement.
On January 17, at 06:00 (UTC), rewards distribution will take place and users can view their Megadrop rewards in their Binance Spot Account.
In order to be able to take part in Megadrop, users have to log in to their Binance account or create one here.
Binance announced the Solv Protocol (SOLV) as its 3rd Megadrop project on December 30 when the exchange also offered more details about SOLV tokenomics as well.
What is Solv Protocol (SOLV)?
Solv Protocol (SOLV) is a Bitcoin staking protocol that builds a Bitcoin-centric financial ecosystem.
The protocol is powered by the Staking Abstraction Layer (SAL) – a unified standard for BTC staking that allows users to standardize and enhance interoperability in the BTC staking ecosystem, enabling accessibility for all participants.
The maximum token supply of SOLV will be 9,66 billion coins (a dynamic supply) and the total Genesis token supply will be 8,4 billion coins (87% of the maximum token supply).
On X, the team at Solv Protocol notes that the project pioneers a decentralized BTC Reserve with SolvBTC.
