Binance to list Solv protocol in January

Binance will list the Solv protocol’s native SOLV token on January 17 after airdropping the token to its Megadrop platform.

In a January 6 announcementBinance revealed spot trading for SOLV, the native token of the Solv Protocol (SOLV), on January 17 at 10:00 UTC, offering trading pairs with USDT, BNB, FDUSD, and TRY.

Upon listing, the circulating supply of the token would be 1,482,600,000 SOLV tokens, representing 17.65% of the token’s genesis supply of 8,400,000,000 SOLV and 15.35% of the Maximum supply of 9,660,000,000 tokens.

Platform first announcement it plans to list SOLV on December 30, explaining that it would be the first exchange to list the token. He also warned that any platform claiming to list or offer SOLV tokens ahead of the official launch schedule is engaging in false advertising.

Ahead of the listing on the global exchange, Binance will host a drop event on January 7 at 00:00 UTC via Binance Megadrop, the exchange’s token launch platform that integrates Binance Simple Earn and Binance Wallet.

It offers users early access to select Web3 projects, allowing them to complete interesting tasks and earn points, which can then be exchanged for token airdrops before listing on Binance.

As part of the Megadrop rewards, 588,000,000 SOLV tokens will be distributed to eligible Binance users until January 16, a day before the token is listed.

Megadrop participants can earn rewards by subscribing to BNB locked products or completing various tasks, which Binance calls quests, on the Solv protocol to score points, which will then determine their reward allocation. To maximize their rewards, Binance urges users to meet both requirements.

Launched in 2020, Solv Protocol is a Bitcoin staking platform that plans to develop a native Bitcoin financial ecosystem by providing staking opportunities to holders of the leading digital asset, whose market capitalization is currently approaching $2 trillion.

The project was supported by Binance Labs and other notable venture capital firms including Nomura’s Laser Digital, Blockchain Capital, and OKX Ventures, among others, in an $11 million strategic funding round held in October of last year.

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