Introduction
The number 1 crypto exchange platform Binance is always full of crypto reward activities and campaigns. This keeps users active and participants will always go home with some reward. This weekend, Binance Web3 Wallet and Solv Protocol have come together to run a campaign where users would be airdropped a total of 150,000 SOLV tokens. The activities they need to complete would be explained later in this post.
Binance at the same time has announced a brand new Launchpool project. The name of the token for this airdrop event is IO. Participants would receive an airdrop of the above token once they stake their BNB of FDUSD to farm the new IO tokens. After the launchpool period is over, the token would be listed on Binance exchange and paired with USDT and other cryptos for trading. This article would contain instructions on how to join this Launchpool.
Now lets get into details for each of the two campaigns listed above.
Solv Protocol - BTC yields in Defi (150,000 SOLV airdrop)
Solv Protocol is pioneering a revolution the use of BTC to create yield farms in DEFI. BTC has not been a popular option when creating yield farms in Defi. Other tokens like stable coin USDC have always been preferred, keeping BTC holders at the back of the yield farm business. Solve Protocol is trying to create a yield farms paltform where BTC is the main token to stake and earn yields. Below is what else the protocol hopes to achieve
As the vanguard of the BTCFi narrative, Solv is on a mission to build an omni-chain liquidity and yield infrastructure. Its groundbreaking product, SolvBTC,enables seamless Bitcoin integration into DeFi, unlocking unprecedented yield opportunities source
Yield farmers are welcome to Solv Protocol to explore the possibilities of farming tokens off staked BTC. Not just BTC, but other assets like USDT are also part of the yield farm services of Sol Protocol.
In order to create more awareness for BTC-powered yield farms in defi, Solv Protocol has joined forces with Binance Web3 wallet to launch this campaign where participants stand a chance to share in the grand price of 150,000 SOLV tokens.
Details about the airdrop campaign
To participant in this campaign, a user must have Binance web3 wallet. Its easy to set that up in few minutes. If you already have the wallet, then you can proceed. If you dont, get wallet from the Playstore.
Once you have the wallet, you will need to fund it with BTCB and BNB to pay for gas fees. You will need to stake your BTCB for the period of the campaign in order to receive your share of the airdrop at the end of the campaign.
If you have difficulties moving your BTC to the web3 wallet or staking it, you can see screenshot guides here.
The team is active on Discord to also respond to your enquiries in real-time. Feel free to join them here. Always do more research to lean more about projects like this before you join. This is not professional advice.
Binance IO.NET Launchpool
Another launchpool campaign is live right now in Balance. It launchpool number 55 and as usual, it promises to be exciting. IO.NET a cloud services infrastructure powered by AI technology. It allows clients to access computing power and storage capabilities on the cloud at a cost. Simply rent GPUs with IO.NET and power all the applications and workloads that enterprises or individuals use. This project is listing on Binance after this launchpool event. Below is a quick FAQ about IO.NET
What is io.nets' mission, and what are you working towards?
io.net is a decentralized GPU network designed to give unlimited computing power to ML applications. We make computing more scalable, accessible, and efficient. Our mission is to unlock fair access to computing power by assembling 1 million + GPUs from independent data centers, crypto miners, and crypto projects such as Filecoin or Render. source
Details about the launchpool
The launchpool staking period is just four days after which the IO token would be listed on Binance. As usual, there are two farming pools to join - BNB and FDUSD.
The launchpool tokens rewards which is 4% of the entire supply is 20,000,000. This is the total amount that would be distributed to participants based on the size of their stake over the 4-day period. Of this amount, 85% would be allocated to the BNB pool. he remaining 15% which is 3,000,000 IO tokens would be distributed to participants of FDUSD pool. The period of farming is already live. It starts today, the 7th day of June 2024. It will end on 10th June, 2024.
Once the launchpool event period is over, rewards would be distributed to participants. After that, the token would be listed on Binance the next day.
Conclusion
These are some of busy activities going on in the Binance platform. If you are an airdrop hunter, you would be sure to check these out. Remember that this post is just for information purposes. You have to learn more about these campaigns before deciding to join. The links below might be useful:
- 150,000 SOLV Token Airdrop Campaign: Solv Protocol x Binance Web3 Wallet
- Introducing IO.NET (IO) on Binance Launchpool! Farm IO by Staking BNB and FDUSD
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