Solv Protocol Launches Megadrop 2025 with 4.7M Token Rewards
Key Points:
- SOLV’s Megadrop launches January 7, 2025, offering participants opportunities to earn up to 4,704,000 SOLV through various reward mechanisms.
- Multiple trading pairs will be available on Binance from January 17, 2025, including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Solv Protocol’s Megadrop launch, scheduled for January 7, 2025, allows participants to earn up to 4.7 million SOLV tokens through BNB staking and Web3 Quest completion. Despite a security incident on January 1 involving a compromised Twitter account, the protocol swiftly implemented enhanced security measures, ensuring no assets were impacted.
The launch features multiple trading pairs on Binance, including SOLV/USDT and SOLV/BNB, with a total supply cap of 9.66 billion SOLV. The protocol’s BTCFi initiative manages over 20,000 Bitcoins, demonstrating significant market influence with $1.4 billion in total value locked.
Megadrop Details and Participation
Solv Protocol’s highly anticipated Megadrop is set to launch on January 7, 2025, at 00:00 UTC, with subsequent listing on Binance arranged for January 17, 2025.
The initiative offers participants multiple trading pairs, including SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY, with a maximum coin supply of 9.66 billion SOLV.
According to the Binance official announcement, users can engage through two primary methods:
- Subscribing to BNB Locked Products
- Completing Web3 Quests, such as staking 0.0001 BTCB on Solv Protocol
The Megadrop will distribute 588 million SOLV coins, representing 7% of the supply, with individual rewards capped at 4,704,000 SOLV.
Participation requires successful KYC verification in eligible regions, and rewards are calculated based on Total Score, which combines Locked BNB Score and Web3 Quest performance.
Users participating in the Megadrop can earn multiple reward types simultaneously, including Launchpool rewards and HODLer Airdrops.
Security Incident and Recovery
A significant security breach struck the Solv Protocol ecosystem when hackers took control of its official Twitter account on January 1, 2025. The attackers posted a fraudulent token contract address, potentially endangering users who might have engaged with the malicious content.
In response to this incident, Solv Protocol’s security team swiftly regained control of the compromised account and implemented enhanced security measures across their social media platforms.
What is Solv Protocol?
With over $1.4 billion in total value locked and more than 20,000 Bitcoins under management, Solv Protocol is establishing itself as a significant player in the Bitcoin financial ecosystem.
The platform’s SolvBTC solution standardizes Bitcoin accessibility across multiple blockchain networks, including Ethereum, BNB Chain, and Arbitrum.
Through its partnership with Base, the protocol now offers liquid staking options that enhance Bitcoin’s utility within the decentralized finance landscape.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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