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You are at:Home ยป This Weeks Featured Interactive Projects Succinct and Solv Protocol
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This Weeks Featured Interactive Projects Succinct and Solv Protocol

By adminMay. 24, 2024No Comments4 Mins Read
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This Weeks Featured Interactive Projects Succinct and Solv Protocol
This Weeks Featured Interactive Projects Succinct and Solv Protocol
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Original | Odaily Planet Daily
Author | Asher


This month, the “hodlers” have started to reap the rewards. First, there was the Taiko airdrop, followed by io.net launching token economics, and the community speculating on the upcoming zkSync coin this month (click here to view: Potential popular airdrop collection this month). Persistence in interactions always pays off. Today, Odaily Planet Daily has compiled two projects worth participating in based on financing and project popularity this week.
Succinct: Core ZK Infrastructure
Reasons for Participation


Image Source: Official Twitter
Succinct utilizes zero-knowledge proof technology to ensure the authenticity of blockchain applications and trustless verification, thereby enhancing system security and reliability. Its key features include authenticity protection, trustlessness, scalability, and an open ecosystem, providing the foundation for the development of the next generation of blockchain architecture and promoting innovation and collaboration through standardized interfaces and cost advantages.
Currently, Succinct has completed two rounds of financing (seed round + Series A), totaling $55 million, led by Paradigm, with Robot Ventures, Bankless Ventures, Geometry, ZK Validator, and several angel investors participating.


Succinct has raised a total of $55 million in the seed round and Series A
Interactive Tutorial
Currently, most interactions are completed on the official Discord channel (click here to go to the official Discord invite link), with specific interactive steps as follows:
STEP 1. Obtain channel identity: Enter the official Discord and go to the commands channel, type “/claimrole,” and enter the code “gmoon math” to obtain the “gmoon math” identity.


STEP 2. Complete the check-in task: Enter the gmoon-math channel and send gmoon math (currently limited-time sending, can only be sent once per hour).


STEP 3. Check the points earned: Go to the commands channel, type “/stats,” and enter your Discord ID.


Summary
Succinct is a high-profile airdrop that can currently be interacted with at zero cost, worth participating in daily to earn more gmoon math points.
Solv Protocol: Bitcoin Ecosystem Basic Income Protocol
Reasons for Participation


Image Source: Official Twitter
Solv Protocol is a proprietary full-chain basic income protocol for the Bitcoin ecosystem, comparable to the Ethereum ecosystem’s re-staking protocol Lido. By converting idle basic assets into interest-bearing assets and promoting cross-protocol, cross-ecosystem freedom of combination to create a more efficient liquidity allocation method. SovBTC is a full-chain interest-bearing asset issued by Solv Protocol, essentially a liquid ERC-20 token that can securely generate basic income by staking idle assets in the user’s wallet. According to official information, the total locked amount is currently nearly $1.3 billion, with over 202,000 participating users.


Image Source: Official Website
Currently, Solv Protocol has completed three rounds of financing, totaling $11 million, as follows:
On May 10, 2021, announced the completion of a $1 million seed round financing, led by The Spartan Group, Axia8 Ventures, IOSG Ventures, Hashed, Krypital Group, GBV Capital, and MapleLeafCap.
On December 1, 2021, announced the completion of a $4 million seed round financing, with Blockchain Capital, Sfermion, and Gumi Cryptos Capital co-leading, with participation from DeFi Alliance, Axia 8 Ventures, TheLao, CMSholdings, Apollo Capital, Shima Capital, SNZ Holding, Spartan Group, and others.
On August 1, 2023, announced the completion of a $6 million seed round financing, with investment institutions under the Japanese banking giant Nomura Securities, Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Weiwei China, Bing ventures, Apollo Capital, HashCIB, Geek Cartel, Bytetrade labs, among others.


Solv Protocol has raised a total of $11 million
Interactive Tutorial
This time, Solv Protocol has teamed up with Binance Web 3 Wallet to launch a large-scale airdrop event, accelerating the development of the BTCFi ecosystem together. Participants have the opportunity to share 150,000 SOLV tokens, accounting for 0.15% of the total governance token supply. The event runs from 2:00 PM on June 4 to 7:59 AM on June 18, Beijing time. In short, SOLV has the potential to be listed on Binance, and low-cost investment in staking is worth participating in for the “hodlers.”


Solv Protocol partners with Binance Web 3 Wallet for a joint airdrop event
First, deposit a small amount of BNB and BTCB in the Web 3 Wallet. For how to find the Binance Web 3 Wallet and exchange BTCB, refer to this tutorial by BounceBit (click here to go). The specific participation process is as follows:
STEP 1. Enter the Binance Web 3 Wallet and click on the Solv Protocol task, then click “Stake Now.”


STEP 2. Connect the wallet and stake at least 0.0001 BTCB.


STEP 3. Return to the initial activity interface and verify the task status.


Summary
For Solv Protocol, even if you are not willing to directly participate in the staking of Bitcoin ecosystem assets for token airdrops, it is worth participating in this Binance Web 3 Wallet task, requiring only staking over 0.0001 BTCB, and perhaps the returns will be comparable to BounceBit.

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