Binance could be initiating a campaign aimed at making users more fond of Solv Protocol (SOLV). This move comes after the prominent international cryptocurrency platform announced a Megadrop through a recent blog post.
In the Binance Megadrop series, this is the third initiative, and it presents an opportunity for users to acquire SOLV tokens. This can be done by investing BNB in Locked Products or by successfully completing assigned Web3 missions.
As per the announcement made on Monday, the Solv Protocol’s Megadrop event is scheduled to take place from January 7, 2025, at midnight UTC, until January 16, 2025, at 11:59 PM UTC. This implies that immediately following the conclusion of the campaign, on January 17, 2025, exactly at 10:00 UTC, trading for SOLV tokens will commence.
As a crypto investor, I’m thrilled to announce that soon, Binance will make available trading pairs such as SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY for me and fellow traders. This expansion opens up new opportunities for us to diversify our portfolios and potentially maximize returns. I can’t wait to get started!
Solv Protocol Campaign to Offer 588 Million SOLV Tokens in Rewards
Binance officially discloses that the campaign includes a grand prize of 588 million SOLV tokens. This amount accounts for approximately 7% of the original token supply.
Rewards will be calculated using this formula:
Total Score = (Locked BNB Score × Web3 Quest Multiplier) + Web3 Quest Bonus.
Regardless of the vastness of the token pool, it seems that none of the participants can amass more than 4.7 million SOLV tokens.
To participate in the Megadrop campaign, users need to sign in to their Binance accounts initially and then select one out of two available options. The first option allows them to deposit BNB into Locked Products. By doing so, they can accumulate points based on the duration of their deposit period. In simple terms, a longer deposit period means more points, which also equates to greater SOLV rewards.
Another approach could be engaging in Web3 missions. By accomplishing specified duties like locking up BTCB through the Solv Protocol, users can additionally increase their points.
In the meantime, Binance reminds its users to confirm their activities on the Binance Megadrop page. Once the campaign begins on Tuesday, users can start receiving daily rewards immediately.
Upon the conclusion of the campaign on January 16th, I’ll ensure that all rewards are seamlessly transferred to the digital wallets of each participant, as a part of our platform’s automated process.
It’s noteworthy that SOLV tokens will be the initial ones listed on Binance, demonstrating their continuous backing for innovative projects, especially in the realm of blockchain technology.
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2025-01-06 14:06