Report: 7.39% of SOLV’s maximum supply allocated to community airdrops, 13.04% allocated to Bitcoin Reserve Program

PANews reported on December 31 that according to a research report on the Bitcoin staking protocol Solv Protocol released by Binance Research, Solv Protocol has raised approximately US$24 million through 4 rounds of private placements, of which 28.86% of the creation token supply has been sold. . As of December 31, 2024, SOLV’s maximum token supply is 9.66 billion (dynamic, may increase through DAO governance of Bitcoin Reserve Raising Plan). The total genesis supply of SOLV is 8.4 billion. The circulating supply after listing on Binance will be 1.4826 billion coins.

SOLV tokens are distributed as follows:

• ①Binance Megadrop: 7.00% of the total genesis supply; 6.09% of the maximum supply.
• ② Community airdrop: 8.50% of the total genesis supply; 7.39% of the maximum supply.
• ③Team and consultants: 13.00% of the total creation supply; 11.30% of the maximum supply.
• ④Community Rewards & DAO Treasury: 18.00% of the total genesis supply; 15.65% of the maximum supply.
• ⑤ Community rewards (external partners): 8.50% of the total genesis supply; 7.39% of the maximum supply.
• ⑥Ecological development: 8.14% of the total creation supply; 7.08% of the maximum supply.
• ⑦Business development: 4.00% of the total genesis supply; 3.48% of the maximum supply.
• ⑧Vesting Voucher certificate holders: 1.00% of the total genesis supply; 0.87% of the maximum supply.
• ⑨ Private equity investors: 28.86% of the total genesis supply; 25.10% of the maximum supply.
• ⑩Liquidity: 3.00% of the total genesis supply; 2.61% of the maximum supply.
• ⑪Bitcoin reserve raising plan: 0.00% of the total genesis supply; 13.04% of the maximum supply.

Regarding the Bitcoin reserve raising plan: Solv initially plans to conduct 3 BROs, each issuing 42 million SOLV tokens specifically for convertible note sales (planned to be issued in the first quarter, second quarter and third quarter of 2025). These sales will acquire BTC for reserves owned by the protocol. The convertible notes mature in one year, and the SOLV tokens can be claimed in the first quarter, second quarter and third quarter of 2026 respectively. After that, further Bitcoin reserve raising plans will be under DAO governance, and the token supply may be increased through Bitcoin reserve raising plans under DAO governance.