Mineable by work. Committed by community.
Deflationary by design.
BSOV Token is not a Bitcoin fork, but shares Bitcoin’s supply distribution with a deflationary design. This cryptocurrency is the first mineable and deflationary-by-design crypto commodity built on the Ethereum blockchain (ERC20).
Fight Inflation – Make your mark on fiat money
Take a stand against inflationary government currencies.
BSOV Token is a 100% community-driven cryptocurrency, and does not rely on centralized decision makers or traditional power structures to survive. This deflationary grassroots movement is built from the bottom-up, and is fully reliant on people like you to build it. We use non-violent methods of action – we fight for financial independence, and freedom from inflation.
1% of every BSOV transaction is destroyed forever.
The 1% transaction burn makes the BSOV cryptocurrency deflationary by design compared to the original Bitcoin (BTC), therefore stimulating supply scarcity and reducing token velocity. You are penalized by sending your BSOV, so to avoid loss you are incentivized to hold the tokens instead. This deflationary mechanism may make BSOV better suited as a Store-of-Value (SoV), hence the BSOV name is short for BitcoinSoV, or Bitcoin-Store-of-Value.
of mined tokens have already been destroyed.
Voluntary Proof-of-Commitment by the community
By using SovCube, the most committed token holders are able to timelock their BSOV to prove a high degree of commitment to the token holder integrity and longevity of the BSOV project. SovCube stimulates less sell pressure and more confidence in a cryptocurrency.
of minted tokens is already timelocked in SovCube.
Start mining BSOV with your graphics card or FPGA.
You can easily learn how to use your computer to compete for rewards by solving the never-ending computational problems provided by the ERC918 smart contract which BSOV is built upon. Mining is the only way to acquire BSOV, if you do not wish to buy it.