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Unlock the potential of your BSOV Tokens, a Store-of-Value (SoV) cryptocurrency, by locking them in the SovCube dApp, built on Ethereum. By timelocking your tokens, you can earn rewards and participate in a community-driven decentralized foundation.
Exciting developments ahead: The decentralized foundation allocates funds to significant causes, determined entirely by the community. Proposal Makers suggest ideas, while Top Timelockers vote and receive Voting Rewards, ensuring SovCube reflects the priorities of its most committed members.
Treasury: A fund financed by generous donations from philanthropists and the BSOV Community. Through SovCube, these contributions are directed towards meaningful projects and initiatives that create a lasting impact.
Skin-in-the-game: Commitment to SovCube is a requirement, ensuring decisions are sound and resilient to voting attacks, creating a robust governance system.
1 Vote per User: In the beginning, only the top 100 Timelockers can vote, making it costly to acquire multiple votes and ensuring true decentralization.
Decision Maker Pool Decentralizes over Time: Every four years, a Doubling event will expand the Decision Maker Pool, doubling the number of Top Timelockers eligible to vote. The first event will increase participation from the top 100 to the top 200, and over 40 years, this pool will grow to include 102,400 individuals. This gradual expansion will empower more people to actively participate in the decision-making process.
Voting Rewards: To incentivize participation, every Top Timelocker will receive Voting Rewards in the form of BSOV Tokens during the Yearly Vote, where they vote on a proposal to allocate funds from the treasury. Rewards are only given to those Top Timelockers who actively participate in the voting process.
1 Decision per Year: Only one proposal will win per year, so every vote counts. This scarcity drives competition among proposals, ensuring that only the most impactful and well-supported ideas rise to the top. It also gives the community ample time to thoroughly evaluate each proposal, making the final decision a meaningful reflection of the community's collective vision and commitment to the future of SovCube.
During SovCube's initial onboarding phase, the SovCube smart-contract offers an exclusive opportunity to maximize your BSOV token holdings. By participating early in the Timelock Rewards System, you can earn substantial rewards (up to 100% ROI) as the community progresses through various tiers.
Earn up to 100% ROI: The sooner you timelock your BSOV Tokens, the higher your potential return on investment (ROI). Early participants can earn up to 100% ROI in the first reward tier.
Progress Through Reward Tiers: As more tokens are timelocked by the community, the reward tiers decrease, starting from 150,000 BSOV in Tier 1, with each subsequent tier offering reduced rewards.
Limited-Time Offer: This opportunity is only available during the initial onboarding phase, so the earlier you participate, the greater your rewards.
Timelock your BSOV Tokens using SovCube's web3 interface, which means locking them in a secure smart contract for a set period. During this time, your tokens cannot be moved or traded, demonstrating your commitment to the token's long-term value. However, your tokens remain yours and will be fully withdrawable once the timelock period ends.
As a reward for your dedication, earn Timelock Rewards during the onboarding phase, or qualify to become a Top Timelocker to gain Voting Power and receive Voting Rewards.
Onboarding Period: For the first 1000 days after SovCube was created, all timelocked tokens for all users were locked for the entire period. It is called "Global Lock Time".
Post-Onboarding: After the 1000-day Global Lock Time, new users face a 70-day lock, while existing users only have a 14-day lock.
Global Lock Time: 967 days remain of the Global Lock Time
The Gradual Release Withdrawal Mechanism (GRWM) is designed to ensure market stability by controlling the flow of token withdrawals, preventing any sudden large-scale sell-offs.
Weekly Limit: Withdrawals are capped at 100 BSOV tokens per week per user, allowing for a steady and controlled release of tokens.
Withdrawal Halvings: Every 4 years, the weekly withdrawal limit is halved. For example, after the first halving, the limit will be reduced to 50 BSOV tokens per week, further slowing the release rate over time.
Your timelocked tokens aren't just locked away—they're flexible. Use them to make payments, send gifts, or offer donations, with an additional 100-day lock period applied to the recipient's address to prevent misuse.
