Sovryn is a permissionless, non-custodial smart contract-based system for Bitcoin lending, borrowing, and margin trading. Sovryn, a DeFi platform for Bitcoiners on the RSK mainnet, allows users to trade Bitcoin natively and permissionlessly on a DApp...Mores. Users can exchange Bitcoin and fuel the system without relying on a centralized entity or purchasing an altcoin. SOV is the native token of the platform that is used to govern the system. By staking their SOV tokens on the network, the token holders are able to participate in Sovryn's bitocracy. This gives the token holders voting rights and allows them to share Sovryn's benefits and risks. Because Sovryn intends to be heavily reliant on Bitcoin, the SOV token is not necessary to use the platform's services.
A quick snapshot of Sovryn ROI (return on investment) over different time periods.
A successful project is based on a foundation of a well experienced team. Take a closer look into Sovryn's team.
Projects with a public Github account have more transparency and reliability. It's best to invest in projects with multiple contributors and commits (code developed and pushed to Github).
We have not found any community for this project on social media platforms. Projects with no community will have a difficult time to become successful. If you think this is wrong please report to email@example.com.
Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
We do not have any data on the market cap and liquidity of this project.
Project announcements and news have a significant impact on the price. Below are live updates from Sovryn's Twitter and Reddit accounts.
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