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Binance Megadrop: Here's what to do to receive SOLV airdrop
By Daniele Corno
Binance's third Megadrop starts today! SOLV rewards for BNB holders and web3 Wallet tasks: here's everything you need to do to receive airdrop
Binance's third Megadrop ready to launch
Binance has announced the launch of its third Megadrop, related to the SOLV token , a protocol forBitcoin Staking . The SOLV Megadrop officially begins on January 7 at 00:00 UTC and will be available until January 16 at 23:59 UTC. Users will receive their rewards on January 17 at 06:00 UTC and trading will be active from 10:00 UTC on the same day.
To participate, there are two paths for users and one does not exclude the other (in the next paragraphs we attach a guide for all the necessary steps). BNB Hodlers will always be rewarded, with one small difference from Launchpools or airdrop HODLers. In fact, rewards will be distributed among BNB hodlers who have signed up for BLOCKED EARN products , from a minimum of 30 days to a maximum of 120 days.
N.B. BNBs deposited in SIMPLE EARN will not be eligible for this airdrop. In order to participate in future Hodler Airdrops or Launchpools, it will not be necessary to remove BNBs from BLOCKED EARN products; in fact, this operation will not preclude participation in future launches.
Through periodic Snapshots, Binance will calculate the average of constrained BNBs by awarding points to each user, which will be converted into SOLVs on January 17. Below, we explain how you can earn additional points to increase the amount of SOLV received.
WEB 3 wallet task step 1: Recharge wallet
To gain additional points and earn additional SOLV, (even for those who do not own BNB) you can perform tasks on Binance’s web 3 wallet. These tasks offer 500 points as well as a 1.5x multiplier of the points obtained through BNB. Below we attach a step by step tutorial to guide you through the necessary operations.
As a first step, you will need to have a minimum of 0.00011 Bitcoin and about 0.003 BNB on your SPOT wallet.
Access Binance’s web3 wallet from the “WALLET” dashboard. (If you do not have a web3 wallet, you must select “Create Wallet.” Next, you need to make the Backup).
To reload the Web 3 wallet, you need to select “Receive”, then you need to select the option “Receive Tokens from Binance Exchange”.
Select the amount of BTC to be deposited through the BNB Smart Chain network “BEP20” and proceed with the “CONTINUE” button (N.B. The minimum required is 0.0001 BTC net of fees, so we recommend using 0.00011 BTC). Thenrepeat the same operation to deposit a minimum of about 0.003 BTC.
Then proceed by selecting your personal address, make confirmation, enter the amount of BTC, and select “Withdraw.”
Once the same step has been repeated for BNB, we can then proceed to the next step.
Step 2: Deposit to BTCb on Solv Protocol
Once we have reloaded our wallet, we can now return to the Binance dashboard, search for “Megadrop” in the search bar and select “SOLV PROTOCOL”.
We then proceed by selecting “Start Now” so that we can proceed with the next steps.
We will then be directed to the SOLV Dapp, proceed by clicking on “Connect wallet” and making sure we are on the “BNB Chain” network.
We are then ready to deposit our BTCb (converted BTC in the Binance version) to get the consideration in SolvBTC. We enter the minimum amount of 0.0001 BTC and proceed via the appropriate “Deposit” button.
We then confirm our transaction. (N.B. the fees will be paid in BNB, so it will be essential to have done all the steps)
We then return to the dashboard related to Megadrop, select the “verify” button to conclude the tasks and ensure the success of our transaction.
Step 3: BTCb withdrawal on Solv Protocol
Once we have verified our tasks, we can then proceed with the withdrawal of our BTCBs from the Solv Protocol app.
It will then be necessary to return to theSolv Protocol app and go to the “My Wallet” section.
Having arrived at this point, all that remains for us to do is to proceed with the withdrawal of our funds. We will then simply select SOLV BTC and perform “Withdraw”.
At this point the withdrawal will be processed and our funds will become available again on our Web 3 Wallet. N.B. The process can take 2 to 7 days to process.
Once you have completed all the steps, you will have completed the tasks and be eligible forSOLV airdrop, so all you have to do is wait until January 17.
