Report: 7.39% of SOLV's maximum supply is allocated to community airdrops and 13.04% is allocated to the Bitcoin Reserve Program

According to a research report on the Bitcoin staking protocol SolvProtocol released by the Binance Research Institute, SolvProtocol has raised about $24 million through 4 rounds of private fundraising, of which 28.86% of the initial token supply has been sold. As of December 31, 2024, the maximum token supply of SOLV will be 9.66 billion (dynamic, may increase through the DAO governance of the Bitcoin Reserve Offering (BRO) plan). The total initial supply of SOLV is 8.4 billion. The circulating supply after listing on Binance will be 1.4826 billion.

The SOLV token allocation is as follows: ① Binance Megadrop: 7.00% of the total initial supply, 6.09% of the maximum supply. ② Community Airdrop: 8.50% of the total initial supply, 7.39% of the maximum supply. ③ Team & Advisors: 13.00% of the total initial supply, 11.30% of the maximum supply. ④ Community Rewards & DAO Treasury: 18.00% of the total initial supply, 15.65% of the maximum supply. ⑤ Community Rewards (External Partners): 8.50% of the total initial supply, 7.39% of the maximum supply. ⑥ Ecosystem Development: 8.14% of the total initial supply, 7.08% of the maximum supply. ⑦ Business Development: 4.00% of the total initial supply, 3.48% of the maximum supply. ⑧ Vesting Voucher Holders: 1.00% of the total initial supply, 0.87% of the maximum supply. ⑨ Private Investors: 28.86% of the total initial supply, 25.10% of the maximum supply. ⑩ Liquidity: 3.00% of the total initial supply, 2.61% of the maximum supply. ⑪ Bitcoin Reserve Offering (BRO): 0.00% of the total initial supply, 13.04% of the maximum supply.

Regarding the Bitcoin Reserve Offering (BRO): Solv plans to conduct 3 BROs, each issuing 4.2 million SOLV tokens specifically for the convertible note sales (planned for Q1, Q2 and Q3 of 2025). These sales will acquire BTC for the protocol's reserves. The convertible notes will mature in one year, and the SOLV tokens can be claimed in Q1, Q2 and Q3 of 2026 respectively. Thereafter, further Bitcoin Reserve Offerings will be under DAO governance, and the token supply may increase through the DAO-governed Bitcoin Reserve Offering plan.