SOV. It's in the matrix
Created 1 week, 6 days ago.
|Category||Business & Finance|
SOV is a first of its kind digital asset. Unlike typical fiat currencies and cryptocurrencies, SOV has a 3 phase, 21 stage variable deflation schedule. The first phase is designed for accumulators, the second for hodlers, and the third for everyday users. SOV can trade in the thousands of TPS on Decentralized Exchanges with unbreakable encryption due to the EOSIO Blockchain Protocol.
Every time SOV is transferred, a percentage of the transfer amount is burned. This is done at a variable rate that adjusts according to SOV's total supply. There will also be a weekly burn of unclaimed SOV tokens. The initial supply is 1 Billion and the burn rate will start at 0.05%. Over 21 stages it will increase to a peak of 1.25% before decreasing to 0%. At that time, there will only be 21 million tokens remaining and transactions will be free.
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