> For the complete documentation index, see [llms.txt](https://docs.solv.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.solv.finance/solv-token/solv-tokenomics.md).

# SOLV Tokenomics

SOLV is the native utility token of Solv Protocol. 

* Max token supply: 9,660,000,000 (dynamic, may increase via network governance for Bitcoin Reserve Offering).
* Total genesis supply: 8,400,000,000
* Circulating supply upon Binance listing: 1,482,600,000 (17.65% of the genesis token supply, 15.35% of max token supply).

## **Token Distribution**

| **Token Name**                        | **SOLV**                                                          |
| ------------------------------------- | ----------------------------------------------------------------- |
| Binance Megadrop                      | 7.00% of the genesis token supply; 6.09% of max token supply      |
| Community Airdrop                     | 8.50% of the genesis token supply; 7.39% of max token supply      |
| Team & Advisors                       | 13.00% of the genesis token supply; 11.30% of max token supply    |
| Community Rewards & DAO Treasury      | 18.00% of the genesis token supply; 15.65% of max token supply    |
| Community Rewards (External Partners) | 8.50% of the genesis token supply; 7.39% of max token supply      |
| Ecosystem Development                 | 8.14% of the genesis token supply; 7.08% of max token supply      |
| Business Development                  | 4.00% of the genesis token supply; 3.48% of max token supply      |
| Vesting Voucher Holders               | 1.00% of the genesis token supply; 0.87% of max token supply      |
| Private Sale Investors                | 28.86% of the genesis token supply; 25.10% of max token supply    |
| Liquidity                             | 3.00% of the genesis token supply; 2.61% of max token supply      |
| Bitcoin Reserve Offering              | 0.00% of the genesis token supply; 13.04% of the max token supply |

### **Token Allocation (of genesis supply)**

<figure><img src="/files/H9u8jHXHpsGWYWpFz4wR" alt=""><figcaption></figcaption></figure>

### **Token Allocation (of max supply as of December 31, 2024)**

<figure><img src="/files/gO4SJ0EhL75VDYxZFj1q" alt=""><figcaption></figcaption></figure>

## **Token Release Schedule (of max supply as of December 31, 2024)**

<figure><img src="/files/sQhUwGjDAjkaat3TLstC" alt=""><figcaption></figcaption></figure>

**Notes on Bitcoin Reserve Offering:**

* Solv preliminarily plans 3 BROs, each minting 42 million SOLV tokens exclusively for convertible note sales (scheduled for Q1, Q2, and Q3 2025). These sales will acquire BTC for the protocol-owned reserve. Convertible notes mature in one year, with SOLV token claimability in Q1, Q2, and Q3 2026, respectively.
* Afterward, further Bitcoin Reserve Offerings will be under DAO governance, and **the token supply may increase via network governance for Bitcoin Reserve Offering.**

## Token Utility

* **Governance**: vote on network governance decisions by holding/staking SOLV.
* **Staking**: earn protocol emissions by staking on Solv's Staking Abstraction Layer.
* **Fee Discounts**: enjoy fee discounts on Solv Protocol, including redemption fees for SolvBTC.

## Token Information

* CoinMarketCap: <https://coinmarketcap.com/currencies/solv-protocol/>
* CoinGecko: <https://www.coingecko.com/en/coins/solv-protocol>

### Token Information Maintenance:

If you find any outdated information, please contact <token@solv.finance>.