
Sovryn (SOV)
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SUMMARY
Type: | ICO | |
Category: | Finance | |
Verified team: | No | |
Whitelist of investors: | No | |
KYC of investors: | No | |
Goal of funding: | 10 000 000 USD | |
Tokens for sale: | 100 000 000 SOV | |
Token price: | 1 SOV = 0.09408 USD | |
Minimum purchase: | 0.03 BTC | |
Maximum purchase: | 2.00 BTC | |
Airdrop program: | No | |
Bounty program: | Yes | |
Have escrow agent: | No | |
Have working prototype: | Yes | |
White paper: | Open | |
Currencies: | BTC, RBTC | |
Type: | Coin | |
Location: | United Kingdom | |
Website: | https://sovryn.app | |
Links: |
DESCRIPTION
Sovryn is a Bitcoin Layer 2 Decentralized Protocol for bitcoin lending and margin trading. As a Bitcoin L2 Product, all fees are paid in BTC and all transactions are merged with Bitcoin PoW.<br /><br />
Features: <br /><br />
Spot-Exchange<br /><br />
Margin Trading<br /><br />
Lending Pool<br /><br />
SmartBTC Relay<br /><br />
Bitcoin-backed Stablecoin<br /><br />
Benefits:<br /><br />
Privacy, Self-Custody, Bitcoin-Native, Decentralized Governance (Bitocracy)
FUNDING INFORMATION
Start date is to be announced
Distribution
● | Adoption Fund | 38.70% |
● | Founders Fund | 25.00% |
● | Development Fund | 10.00% |
● | Early Funders | 16.30% |
● | Ecosystem Sale | 5.00% |
● | Programmatic Sale | 5.00% |
MEDIA
Presentation
Latest tweets
Tweets
ROADMAP
Q3 2020 Decentralised spot and margin trading; and decentralized lending
Q4 2020 Citadel Release: High leverage perpetual swaps; and borrowing
Q1 2021 Legion Release: BTC-backed stablecoin, synthetic stocks, and copy trading
TEAM
STATISTICS
Twitter
Telegram
Youtube
Github
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