Solv Protocol
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Solv Protocol

📔A Guide to Solv v2.5 and our IVO

Hello and welcome to our tutorial. In this guide, we will show you how to use the Solv platform to participate in our IVO.

Throughout this tutorial, you may come across some terms you’re unfamiliar with. Fear not! We have included a handy glossary at the end to help you out.

First off, you will need to connect a wallet via Metamask or Walletconnect. In this tutorial, we are using BSC Testnet, but when the IVO is live, users will connect their wallets through the BSC mainnet.

Now that you’ve connected your wallet, let’s take a look around!

Here we have the IVO page on our marketplace, which features primary market listings of projects as a part of their own Initial Voucher Offering events.

Our IVO marketplace is populated by cards that represent individual Vouchers, which themselves contain project token allocations. In our IVO, we are minting Vouchers that contain the $SOLV tokens! Now let’s take a look at the ins and outs of a Voucher…

Let’s take the above Voucher as an example. On the top left, we have the issuer and the type of Voucher, top right tells us the end time of the sale, and below we have the price per token, total amount of tokens in the Voucher, and remaining amount. Here, the amount of USDT per SOLV token is $0.70 which will be the price during our IVO.

Let’s buy one!

Please note that you should purchase by BUSD in SOLV IVO

After approving and confirming your purchase, you will be directed to your own personal dashboard, where you can view your Vouchers. In this case, we are looking at a flexible Voucher. What this means is that the respective project hasn’t yet determined a release date but have promised a latest date by which the release will commence.

Now, let’s take a look around your dashboard!

After clicking the “Check” button when you buy your voucher, you will be taken to your dashboard. Here you can view your vesting and flexible Vouchers as well as exchange tickets.

And if you click on the three dots to the right of one of your Vouchers, you will see the options to List, Transfer, Split and Merge the Voucher. And when you click on the card itself, you will be taken to the Voucher’s information page (pictured below).

As you can see, this page tells you the vesting type (Linear in this case) and schedule, amount of tokens in the Voucher, as well as the release date, with options to list, transfer, split or merge your Voucher.

Now that you have a Voucher, you can do some pretty powerful things with them

List

From the My Assets page, users can List their Vouchers on Solv Marketplace, which is a secondary market for Vouchers. From there, users will be taken to the page shown below, where they can customize their listing.

From the My Assets page, you can click List and choose the parameters for your listing.

After approving and clicking List, you can check out the voucher on the My Listed page.

Convert

After the issuer determines when the tokens will begin their unlocking period, users can convert Flexible Vouchers into Vesting Vouchers by going to navigating to My Asset →Flexible Vouchers from the dashboard and clicking “Convert” on the right side of the respective Voucher’s card.

Claim

After tokens unlock, users choose to “Claim” released tokens from the Voucher. Just go to your dashboard, then at the top click My Asset→Vesting Voucher, and click Claim to get the corresponding number of Tokens.

And that’s it! We are so looking forward to welcoming everyone onto our platform and joining with our community to make our IVO, and IVOs of the future, a resounding success!

Below you will find a helpful glossary of terms you will come across while using our platform. And don’t hesitate to tweet at us or message us in our Discord/Telegram with questions/comments or just to tell us how excited you are for our IVO which happens on December 13th!

Glossary

IVO- Initial Voucher Offering. Like an IDO or ICO, an IVO is a project’s way of crowdfunding by using their tokens locked in an allocation. With this, project’s can inject liquidity into these previously illiquid assets, making for the opportunity to crowdfund, manage liquidity, realize pre-IDO price discovery, and form a closer bond with their community!

Voucher- A Voucher is the financial NFT that contains a project’s locked up tokens. Our Vouchers utilize a new token standard, ERC-3525 which allows for the splitting and merging of financial NFTs. In short, Vouchers give users the best of both worlds, containing the descriptive attributes of the ERC-721 standard and the liquidity of the ERC-20 standard. Pretty neat, huh?

Flexible Date Voucher- These are the types of Vouchers we will be issuing in our IVO. A flexible date Voucher actually allows projects to issue tokens without having to determine a token release date. With this, however, projects will have designated a latest date by which the token release will begin.

Exchange Tickets- Users can exchange Voucher NFT purchased on Binance NFT into flexible Voucher in exchange tickets.

Vesting Type- We have three vesting types, or release modes. They are linear, which means tokens release evenly in multiple instances over time; One-time, which means the tokens unlock in one instance; and staged, which means tokens unlock over pre-determined phases.

About Solv

Founded in 2020, Solv Protocol is a decentralized marketplace for the minting and trading of NFTs that represent financial ownership, also known as “Vouchers”. Solv aims to resolve one of the most pressing problems in the emerging field of DeFi — the absence of an efficient and flexible tool to express complicated financial contracts. And by bringing Vouchers to the table, Solv offsets that gap.

Learn more:

Solv Protocol: Official Website | Twitter | Medium | Telegram | Discord

Apply to be a part of the Seahorse Initiative!

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Solv is a DeFi protocol which has created the first ever vNFT token standard, designed for the future of DeFi & Financial NFT’s

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Solv Protocol Team

Solv Protocol Team

The DeFi platform for creating, managing, and trading Financial NFTs. https://t.me/SolvProtocol

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