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Sovryn

Sovryn (SOV)

Last update of this project: 22.01.2021

ICO QUALITY

Main info:
6.9
Finance:
8.8
Product:
7.4
Team:
0.4
Marketing:
6.4
6.0? ICO score Sovryn
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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 BTC
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

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

Decentralized Bitocracy

SOV Governance

STATISTICS

Twitter
Telegram
Youtube
Github

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