Binance has announced the new Solv Protocol, aiming to expand Bitcoin and its financial ecosystem. The project seeks to create a Bitcoin-native financial system.
Introduction to Solv Protocol
Binance has launched Solv Protocol, a new Bitcoin staking initiative. The company has emphasized that no other platforms will launch SOLV tokens ahead of the official announcement.
Tokenomics and Megadrop
Solv Protocol's tokenomics include a maximum supply of 9,660,000,000 SOLV tokens, and a genesis supply of 8,400,000,000 tokens. Binance focuses on token distribution in Megadrop, planning to allocate 588,000,000 SOLV tokens.
Participating in Megadrop
Users can participate in Megadrop by subscribing to BNB Locked Products and completing Web3 quests for rewards. Binance has updated APRs and subscription limits for these products.
Solv Protocol offers new opportunities for Binance participants, fostering a Bitcoin-focused ecosystem. The project is expected to garner significant interest among platform users.
