Solv Airdrop Causes Discontent Among Large Investors, Issuance of AI Agent Introduces New Rights Protection Gameplay

Jessy, Gold Finance

On January 6, X user @Clarissexx0805 stated on X that as an early large holder and staker of SolvProtocol, she has not received the expected airdrop benefits promised by the project team. She has repeatedly sought answers from the Solve project team but has not received the response she wanted.

Due to the difficulties it faced in protecting its rights, it launched an AI Agent project called ZaichXBT to assist in its rights protection, and the market value of the token for this AI Agent project peaked at thirty million dollars.

Golden Finance contacted Solv founder Ryan on January 7 regarding the issue reflected by @Clarissexx0805. He stated that a response would be provided after the team discussed it, but as of the time of publication, Golden Finance has not received an official reply from Solv.

Large holders were killed by Solv after being used?

According to @Clarissexx0805's account, she staked 1800 BTC assets according to the rules and requirements of the SolvProtocol project. Even after multiple dilutions, her stake still accounts for 10% of the total TVL. As far as she knows, Solv's airdrop accounts for 8-10% of the total FDV, and her staking of 1800 BTC ultimately only accounts for one-fifth of a percent of the FDV.

She expressed great confusion about this and repeatedly asked Solv's founder Ryan for an explanation, but did not receive a satisfactory response. After several discussions with Solve, Solve's investors told @Clarissexx0805 that they would provide an additional 1% fdv as compensation, taken from the team's allocation.

In this regard, a reporter from Golden Finance contacted the founder of Solv, but as of the time of publication, no response has been given.

In reviewing this matter, we find that this incident reveals an industry unwritten rule: the relationship between large holders and project parties. For project parties, it is necessary to maintain a good relationship with large holders in order to secure their funds for staking and to provide data for the project.

The reason why major investors choose a specific project among numerous options and invest a significant amount of their funds is undoubtedly because they have had deep contact and judgment with the project team. It is easy to imagine that in this process, Solv has made some promises to these major investors, and initially, their relationship was in a honeymoon phase.

Generally, project parties will adhere to some established rules and commitments in the early stages, providing corresponding rewards to large holders.

This dispute actually reflects the Solve project's lack of contractual spirit. As @Clarissexx0805 questioned on X, "Those profits that were not given to her, who were they given to?"

Currently, Solv will issue tokens on January 17 and go live on Binance. The announced tokenomics are as follows: the maximum supply of Solv Protocol (SOLV) tokens is 9.66 billion (which may be subject to governance voting to decide whether to increase the supply), and the initial supply is 8.4 billion (accounting for 86.96% of the maximum supply).

The first Megadrop airdrop will distribute 588 million SOLV, accounting for 7% of the initial supply. When launched on Binance spot, the initial circulation will be 1.4826 billion, accounting for 15.35% of the maximum supply. The more detailed airdrop rules for SolvProtocol have not yet been released.

AI Agent - A New Way to Use Rights Protection Coin

Currently, in the circle, people jokingly refer to the @Clarissexx0805 who is protecting her rights as the 1800 BTC sister. 1800 BTC is currently worth over 18 million USD, which can be considered quite a fortune.

As for what happened to herself, it is also about having more money to play. She directly issued a rights-protection token for an AI Agent, and according to her account, she created a project called ZaichXBT using Pump.ai, with the project token being $ZAI.

This is an AI Agent designed to help her defend her rights against Solv, and it can also assist retail investors in defending their rights against any project party.

The project's working principle is to act as an AI Agent that can automatically tweet, helping everyone to advocate for their rights on X.

In terms of the distribution of token rights, it is committed that all earnings on Solv will be 100% attributed to the ZaichXBT community. Each time Solve distributes earnings, it will buy back $ZAI at market price, and then long-term airdrop it to those who contribute to the rights protection cause.

The tokenomics design of the project is as follows, with a portion of $ZAI reserved for airdropping to those who have helped during the rights protection process. Every time Solv distributes profits, ZaichXBT will scan the entire X and directly airdrop $ZAI to the rights protection community.

To receive the airdrop of $ZAI tokens, one of the following conditions must be met.

The first is to help protect Solv's rights on X, for example by leaving messages under relevant accounts, supporting rights protection, and even proposing reasonable solutions (e.g., how much airdrop they should receive if project 1b fdv goes live, and how it should be distributed). The second is for users who encounter unfair treatment in any project to post evidence and @Zaich_XBT. The third is to retweet related posts @Zaich_XBT and attach the EVM address.

Such a design can indeed allow more people to participate in helping to forward and publish relevant rights protection messages. According to information from @Clarissexx0805 on Twitter, it is currently indeed paying attention to the rights protection of other projects, such as the exchange Dexx where internal personnel absconded with user assets. It stated on X that the victims of Dexx will have two opportunities to receive $ZAi airdrops.

The concept of a rights protection platform is not a new approach in the industry. The emergence of AI Agent activation platforms has introduced new ways for rights protection coins, allowing the creation of an AI Agent on the activation platform that can help rights protectors automatically safeguard their rights and also automatically issue tokens. This may also be where ZaichXBT's innovative narrative lies.