Solv Protocol Megadrop: Developers Give Away 588 Million SOLV Tokens

Bittime - On January 7, 2025, Solv Protocol will launch Megadrop andwhich is highly anticipated, gives you the opportunity to get up to 4.7 million SOLV tokens. This program offers various ways for participants to earn prizes through staking BNB and complete the Web3 Quest. Despite a hacking incident on their official Twitter account on January 1, 2025, Solv Protocol immediately fixed the issue with additional security measures, ensuring no assets were affected.

Megadrop Launch Details and How to Participate

Megadrop SolvProtocol will start on January 7, 2025, at 00:00 UTC. After that, on January 17, 2025, SOLV tokens will start trading on Binance with trading pairs such as SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. The total supply of SOLV tokens is limited to 9.66 billion, providing a great opportunity for you to participate.

There are two main ways to participate in Megadrop This:

1. Subscribe to BNB Locked Products (BNB Locked Products)
2. Completing Web3 Quests, for example by staking 0.0001 BTCB in Solv Protocol.

A total of 588 million SOLV tokens, representing 7% of the total supply, will be distributed within Megadrop This. The maximum prize you can get is 4,704,000 SOLV, depending on your performance in KYC, staking BNB, and Web3 Quests. Prizes will be calculated based on the Total Score, which combines the scores from staking BNB and performance in Web3 Quest.

Apart from that, you can also get various types of prizes at once, such as prizes from Launchpool and Airdrop for HODLers.

Read also: Pepe, Bonk, JetBolt, or Dogecoin? This is the prediction that Meme Coin will increase in 2025!

Security Incidents and Fast Recovery

On January 1, 2025, Solv Protocol experienced a major hack when their official Twitter account was hijacked. The hackers posted fake token contract addresses that could harm the users involved. However, Solv Protocol's security team quickly re-secured the account and took stricter security measures to protect the platform and its users.

What is Solv Protocol?

Solv Protocol is a platform that manages over 20,000 Bitcoins with a total value of over $1.4 billion, making it one of the major players in the Bitcoin financial ecosystem. Solv Protocol offers a solution SolvBTC which allows Bitcoin access on various blockchain networks, including Ethereum, BNB Chain, and Arbitrum.

Through its partnership with Base, Solv Protocol also provides options for liquid staking which increases the usefulness of Bitcoin in the world of decentralized finance (DeFi).

Read also: 5 Best Meme Coins on the SUI Network

Conclusion

Megadrop SolvProtocol 2025 gives you a great opportunity to earn SOLV tokens in various ways. Despite experiencing hacking incidents, security measures have been strengthened to protect users. With a variety of trading pairs on Binance and great rewards to be had, Megadrop This is an interesting opportunity for those of you who want to get involved in the ever-growing DeFi ecosystem.

How to Buy Crypto on Bittime

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ Solv Protocol Megadrop

What is Solv Protocol Megadrop? 

Solv Protocol Megadrop is an event that allows you to earn up to 4.7 million SOLV tokens via staking BNB and Web3 Quest completion. This event starts on January 7, 2025 and offers various prizes for participants.

How to participate in Megadrop? 

You can participate in two main ways: subscribing to the BNB Locked product or completing Web3 Quests such as staking 0.0001 BTCB in Solv Protocol.

What happens to the hacking incident on January 1, 2025? 

On January 1, 2025, Solv Protocol's Twitter account was hacked, but the security team quickly addressed the issue and strengthened security measures to protect user assets.

 

Reference

Coincident, Solv Protocol Launches Megadrop 2025 with 4.7M Token Rewards, accessed January 7, 2025.

Author: MF