Binance will list the native token of the Solv SOLV protocol on January 17 after dropping the token on its Megadrop platform.

On January 6th advertisementBinance unveiled spot trading for SOLV, the native token of the Solv (SOLV) protocol, on January 17 at 10:00 UTC, offering trading pairs with USDT, BNB, FDUSD and TRY.

Upon listing, the circulating supply of the token will be 1,482,600,000 SOLV tokens, representing 17.65% of the token's original supply of 8,400,000,000 SOLV tokens and 15.35% of the maximum supply of 9,660,000,000 tokens.

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

Prior to the immediate listing on the global exchange, Binance will host an airdrop event on January 7 at 00:00 UTC via Binance Megadrop – the exchange’s token launching platform that integrates Binance Simple Earn and Binance Wallet.

It offers users early access to specific Web3 projects, allowing them to complete engaging tasks and earn points, which can then be redeemed for a token drop before being listed on Binance.

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

Megadrop participants can earn rewards by subscribing to locked BNB products or completing various tasks, which Binance refers to as Tasks, on the Solv scoring protocol, which will then determine their reward allocation. To maximize their rewards, Binance urges users to meet both conditions.

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, which currently has a market capitalization of nearly $2 trillion.

It was a project Supported by Binance Labs and other prominent 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 last year.

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