Binance has announced that it will list Solv Protocol’s native token, SOLV, on January 17, 2025, following a successful airdrop event hosted on the exchange’s Megadrop platform. Starting at 10:00 UTC, users will be able to trade SOLV against popular pairs including USDT, BNB, FDUSD, and TRY. This marks a significant milestone for the Solv Protocol, a Bitcoin-native financial ecosystem that aims to offer staking opportunities for Bitcoin holders.
Upon listing, Binance will introduce 1,482,600,000 SOLV tokens into circulation, representing approximately 17.65% of the token’s genesis supply of 8.4 billion SOLV tokens. The total supply of SOLV is capped at 9.66 billion tokens, giving it a substantial market potential.
Megadrop Airdrop Event Rewards SOLV Holders
Ahead of the official listing, Binance will distribute 588,000,000 SOLV tokens via its Megadrop platform. The airdrop, which begins on January 7, 2025, will run until January 16, 2025, and will reward participants who complete specific tasks on the Solv Protocol platform.
Binance users can earn rewards by engaging with tasks, or “quests,” such as subscribing to BNB Locked Products or interacting with Solv Protocol. The points accumulated through these activities will determine their share of the airdrop. To ensure maximum rewards, Binance encourages users to fulfill both requirements during the event.
Solv Protocol and its Strategic Vision
Solv Protocol, which launched in 2020, is a Bitcoin staking platform designed to build a Bitcoin-native financial ecosystem. By offering unique staking opportunities for Bitcoin holders, Solv aims to unlock the potential of the leading cryptocurrency, which currently has a market cap of nearly $2 trillion.
The protocol has gained significant backing, including an $11 million strategic funding round in October 2024. Investors include Binance Labs, Nomura’s Laser Digital, Blockchain Capital, and OKX Ventures, among others. These partnerships are expected to bolster Solv’s plans for growth, as it focuses on providing innovative Web3 solutions and fostering broader adoption of Bitcoin staking.
Binance’s listing of SOLV and its Megadrop airdrop event offer users early access to the Solv Protocol ecosystem. As the token begins trading in mid-January, it could mark the beginning of greater exposure and adoption for Bitcoin-native financial products.
