⚡️#Binance Third Phase Megadrop Project @SolvProtocol Full Analysis and Launch Price Estimate!
The third phase of Binance's Megadrop is in full swing, with participation exceeding 1 million people.
The interactive tasks are not complicated; you only need to spend two minutes to stake simply and enjoy the SOLV airdrop benefits. In such a dull market, having guaranteed returns is truly not to be missed!
Friends holding #BNB should not forget to participate; locking up can provide bonuses, and there are only three days left for the event!
1⃣ What is #Binance Megadrop?
Megadrop is a new token issuance platform launched by Binance, seamlessly integrated with the Binance Web3 wallet and Binance Wealth Management.
In simple terms, we can lock BNB and complete related tasks to earn points from selected project parties in exchange for newly launched token airdrops. For related analysis, you can refer to the previous content: https://x.com/BTW0205/status/1780919130994176072
In summary, Megadrop = user basic income + alpha project yield, an event that every Binance user must participate in!
The nine-character mantra: complete tasks, lock coins, receive rewards, integrate into the Binance ecosystem, empower #BNB while not conflicting with Lanchpool!
2⃣ What is this phase's project SolvProtocol?
Before 2024, Solv Protocol focused on financial NFTs, continuously working to lower the barriers to creating and using on-chain financial tools. It only began transitioning to the BTCFi sector last year.
Currently, it focuses on on-chain asset management for Bitcoin, launching the full-chain yield BTC asset SolvBTC, which can release the staking liquidity of BTC and aggregate it.
Three core components—
Solv BTC, a wrapped asset pegged 1:1 to Bitcoin, supports the use of multiple native BTC across blockchains and various BTC derivatives.
Solv BTC.LSTs (liquid staking tokens), with four different product lines tailored to different user needs and risk preferences. Users can trade, lend, or collateralize Solv BTC.LSTs on DeFi platforms, achieving efficient asset utilization while generating returns and maintaining asset liquidity.
Staking Abstraction Layer (SAL), which can be understood as a standardized process for BTC staking, providing a unified operating interface and system, allowing users to participate in staking across different blockchains without needing to understand too many technical details, thus generating returns.
In simple terms, users can deposit native Bitcoin and wrapped Bitcoin tokens (like wBTC) on Solv to earn APY + potential $SOLV token rewards + more leveraged strategy returns.
Currently, Solv Protocol has attracted a TVL of over $2.57 billion, with 870,000 users, and has deep collaborations with over 50 DeFi protocols and 10 public chains, quickly capturing the LST market based on BTC.
Over 25,000 BTC have generated returns through Solv; the on-chain micro-strategy is not just a name!
3⃣ SOLV's Token Model
$SOLV is the native utility token of the Solv Protocol, which can be used for the following functions:
① Governance: SOLV token holders can vote on network governance decisions.
② Staking: By staking SOLV tokens on the staking abstraction layer, stakers can earn protocol emissions.
③ Fee Discounts: SOLV token holders can enjoy fee discounts, including redemption fees for SolvBTC.
Token Name: SOLV ($SOLV)
Initial Circulation: 1,482,600,000 (15.35% of the maximum token supply)
Total Token Supply: 9,660,000,000
Binance Megadrop Allocation: 588,000,000 $SOLV (6.09% of the total token supply)
4⃣ Launch Price Estimate
The funding background of this project is quite strong, currently disclosing $22 million in financing, with investors including IOSG Ventures, Blockchain Capital, Binance Labs, Laser Digital, OKX Ventures, ABCDE Capital, and other luxury firms, with the latest financing valuation at $200 million.
Although there was a recent incident involving 1,800 BTC, it seems that this turmoil has turned out to be a good thing for retail investors with not much capital—
People can't be the gentry, so naturally, they are pleased to see "the gentry being decentralized"! This might become a small positive in the secondary market.
The current whale price is $0.2; if it opens at this price, the circulating market cap would be $300 million, with an FDV of $1.93 billion.
Based on the TVL and a slight increase in recent popularity, I believe the opening price should be between $0.2 and $0.35.
If we do not count the bonus from locking BNB, the estimated yield from a single Megadrop could be $30.
5⃣ Binance Related Research Reports and Participation Guide
Research Report: https://www.binance.com/zh-CN/research/projects/solv-protocol
Reward Distribution Time: January 17, 2025, 14:00
Spot Opening Time: January 17, 2025, 18:00
This Megadrop ends at 8:00 on January 17; there is still a chance to add a basic income number. Those who haven't participated can check the staking guide provided by the official site; staking 0.0001 BTCB is sufficient, more is unnecessary (requires participation with Binance MPC wallet):
https://docs.solv.finance/user-guide/deposit-btcb-in-binance-megadrop
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