After the success of Pudgy Penguins ($PENGU) and BIO protocol ($BIO) on the Binance Launchpool, the SOLV Protocol is the third project to get listed on the Binance Megadrop.
Solv Protocol ($SOLV) is a liquid staking protocol intended to enhance a Binance decentralised financial ecosystem. The SOLV protocol is a unified standard for Bitcoin staking.
The @SolvProtocol $SOLV Megadrop is now open!
Subscribe to BNB Locked Products or complete Web3 quests for a chance to earn $SOLV.
Find out more ➡️ https://t.co/mBTU1HUDMn pic.twitter.com/FffN9fRFkd
— Binance (@binance) January 6, 2025
As of this writing, SOLV protocol has:
- $2.53 billion in total value locked (TVL)
- Over 25,000 Bitcoins (BTC) staked
- 813,000+ total users
SOLV is set to drop 2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC).
Introduction to Megadrop
- Early Access: Be among the first to earn tokens from promising Web3 projects before they’re officially listed on Binance
- Airdrops & Rewards: Earn free tokens simply by participating in Megadrop through airdrops and by completing tasks
- Interactive Experience: Engage with the world of Web3 by locking your BNB (Binance Coin) and completing fun quests using your Binance Web3 Wallet
With Megadrop, you can unlock exclusive rewards and explore the potential of cutting-edge Web3 projects before anyone else.
How to Participate in Binance Megadrop
1.) Log into your Binance account. Go to [More] – [Megadrop] or search Megadrop in the search bar
2.) You’ll find a list of the selected Web3 projects. Tap on an ongoing project to enter its details page. Under the [Quest] tab, you can complete different quests to earn points and get rewards. You’ll also see the participation period, reward distribution, and coin listing time for the project.
How to earn points on Binance Megadrop?
There are different ways for you to earn points, including:
- Subscribing your BNB to Simple Earn’s BNB Locked Products
- Connecting your Web3 Wallet to a project
- You may refer to the project page for the available quests
NB: Please note that subscribing to BNB Locked Products is not mandatory. You can participate in Megadrop without subscribing to any BNB Locked Products.
Minting SOLVBTC
To participate in these exciting Web3 quests and earn even more points, you’ll need a Binance Web3 Wallet.
Depositing BTCB in Binance Megadrop
Step 1: Funding your wallet with BTCB
Log in to your Binance app and click on the “Wallets” section. Go to “Web3”.
Step 2: To fund your wallet, click on “Receive” and transfer your funds from the exchange to your Wallet
Step 3: Select the amount of BTC that you would like to transfer into your Binance Wallet, choose the BNB smart chain (BEP-20) and tap “Withdraw”
Note: You’ll need at least 0.0001 BTCB to proceed with the task.
Step 4: Go back to Megadrop Quest Detail page, and tap “Start Now”
Step 5: You will be redirected to SOLV’s dApp in the app. Connect your Binance Wallet and make sure the network selection is “BNB Chain”
Step 6: Enter the amount of BTCB to deposit
Note: Please note that you need to deposit a minimum of 0.0001 BTCB.
Step 7: Tap “Deposit” and confirm the transaction on your Binance Wallet
You’ve now successfully deposited your BTCB.
Step 8: Go back to the Megadrop Quest Detail page and tap “Verify” to confirm your quest status.
Step 9: Lastly, please make sure the quest is marked as Completed.
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