Disclaimer and Risk Warning: This content is for informational and educational purposes only and does not constitute financial, legal, or professional advice. It is not a recommendation to purchase any specific product or service. Please consult with qualified advisors for personalized guidance. Participation in the IFO involves risks and may be restricted in some areas. Ensure you comply with local laws and regulations before participating.

PancakeSwap is excited to announce the upcoming Initial Farm Offering (IFO) for Solv Protocol. Solv Protocol is a Bitcoin staking platform that enables liquidity unlocking and enhances the utility of idle Bitcoin assets. Below are the key details about the IFO and how to participate.

What is Solv Protocol?

Solv Protocol is a platform focused on Bitcoin staking. It provides solutions for Bitcoin holders to unlock liquidity while maximizing the utility of their assets. It offers products like SolvBTC, a BTC-pegged token backed by native and wrapped Bitcoins, and SolvBTC.LSTs (Liquid Staking Tokens) that allow Bitcoin holders to stake their BTC while maintaining liquidity.

Key Features:

• SolvBTC: A BTC-pegged token for seamless cross-chain transfers and participation in DeFi applications.
• SolvBTC.LSTs: Liquid staking tokens that enable Bitcoin holders to earn yield while keeping their BTC liquid.

SOLV Token Utility:

• Governance: Holders can vote on network decisions.
• Staking: Stake SOLV tokens to earn protocol rewards.
• Fee Discounts: SOLV token holders receive discounts on various fees, including redemption fees for SolvBTC.

IFO Details

• Start Time: 16 Jan 2025, 10:00 UTC
• End Time: 17 Jan 2025, 10:00 UTC
• Token Vesting: 100% of tokens will be unlocked on 17 Jan 2025, 10:00 UTC
• Amount to Be Raised: $100,000
• Tokens to Be Launched via IFO: 3,220,000 SOLV tokens
• Price per Token: $0.0310559006
• Accepted Token: CAKE
• Participation Fee: A flat 1% participation fee will be charged for the Public IFO, but there will be no fees for the Private IFO.

Note:

• Tokens will be available for trading starting on 17 Jan 2025, around 10:00 UTC.
• All CAKE raised during the SOLV token launch will go directly to the Solv project. Only the CAKE collected from participation fees will be burned.

How to Participate in the SOLV IFO?

The IFO will take place in two phases: a Private IFO and a Public IFO. Participation criteria and token allocations differ for each phase.

1. Private IFO (10% of Total Tokens)

• Tokens Available: 322,000 tokens
• Eligibility: PancakeSquad NFT holders or users with ≥1600 profile points
• Maximum Allocation per User: $200
• How it Works: To participate, commit CAKE during the Private IFO period. If the IFO is oversubscribed, unspent CAKE will be refunded.
• Example: If you commit 50 CAKE in the private IFO and total commits amount to 500 CAKE, you will receive 32,200 SOLV tokens (10% of the private IFO allocation). Any unspent CAKE can be reclaimed after the launch.

2. Public IFO (90% of Total Tokens)

• Tokens Available: 2,898,000 tokens
• Eligibility: Based on your veCAKE holdings. If you don’t have veCAKE, you can lock CAKE to receive veCAKE on PancakeSwap.
• iCAKE Ratio: Users who lock CAKE as veCAKE will have a 4x iCAKE:veCAKE ratio, meaning for every veCAKE, you can commit up to four times that amount of CAKE
• Example: If you lock 100 CAKE for 4 years to get 100 veCAKE, you can commit up to 400 CAKE in the Public IFO. If you commit 400 CAKE and the total commitment from all participants is 1,000 CAKE, you will receive 1,159,200 SOLV tokens (80% of the public IFO allocation). Any unspent CAKE can be reclaimed after the launch, minus a 1% fee on the excess committed funds.

Important Reminder

Please verify the SOLV contract address before making any trades. Contract Address on BNB Chain: 0x04830A96a23EA718fAA695a5AAe74695AAE3A23f

Disclaimer:

• Solv Protocol is not operated, owned, or controlled by PancakeSwap. All information regarding Solv Protocol is provided by Solv Protocol itself, and PancakeSwap does not endorse or take responsibility for the accuracy or reliability of the information.
• Participation in the Solv Protocol launch is entirely at your own risk. PancakeSwap is merely hosting the event and is not responsible for any outcomes or issues related to the Solv Protocol or its operations.
• Ensure compliance with local laws and regulations regarding cryptocurrency in your jurisdiction.
• The information provided is not financial advice and does not constitute a solicitation or endorsement to buy, sell, or invest in digital assets.
• Cryptocurrencies carry significant risks, including the potential loss of your entire investment. We strongly recommend seeking professional advice before making financial, investment, or trading decisions.

Have more Questions?

For more details, visit our community forum or join the discussion on Telegram.