$0.229
0.32%
$0.223
24h Range
$0.230
Market Cap
$13,180,541.4
Fully Diluted Valuation
$22,865,463.5
24 Hour Trading Vol
$27,087.5
Circulating Supply
57,643,884.4
Total Supply
100,000,000.0
Max Supply
100,000,000.0
Sovryn Price
$0.229
24h Range
$0.223 - $0.230
Percent Change 1h
-0.57%
Percent Change 24h
0.32%
Percent Change 7d
-4.95%
All-time high
$43.98
All-time low
$0.167
1D
7D
1M
1Y
All
Sovryn (SOV) is a decentralized finance (DeFi) platform built on the Bitcoin network, specifically utilizing the RSK (Rootstock) protocol. It allows users to trade, lend, and borrow Bitcoin and other assets in a fully decentralized manner. Sovryn aims to provide a suite of financial tools that are typically available on Ethereum, but without sacrificing the security and stability that Bitcoin offers. The platform features a decentralized exchange (DEX), lending and borrowing protocols, and yield farming opportunities, making it a comprehensive DeFi platform for Bitcoin holders.
Sovryn was co-founded by a team of blockchain and finance professionals, including Yago A. de la Vega, who serves as the CEO and has a background in traditional finance and blockchain technology, and Rafael A. C. de la Vega, the CTO, who has extensive experience in software development and decentralized networks. The founding team is complemented by other experts who have contributed to the growth and development of the platform, emphasizing governance, user experience, and security.
Sovryn operates on the RSK network, which is a smart contract platform that is merge-mined with Bitcoin. This allows Sovryn to leverage the security of the Bitcoin blockchain while providing advanced DeFi functionalities. Users can interact with the platform through its user-friendly interface, where they can participate in various activities:
The platform uses smart contracts to automate and secure all transactions, ensuring transparency and trust among users. Additionally, Sovryn implements a governance model that allows SOV token holders to participate in decisions regarding protocol upgrades and feature implementations.
Sovryn offers several use cases that make it appealing to both casual and experienced investors:
Keeping your Sovryn assets safe involves several best practices:
Investing in Sovryn (SOV) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Sovryn: Once your account is funded, you can purchase Sovryn directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Sovryn using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Sovryn (SOV) is currently trading at $0.229 and exhibits good potential for future growth. Check the latest Sovryn (SOV) price prediction.
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