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Unlock the potential of your BSOV Tokens by locking them using the SovCube dApp, a decentralized web3 app built on the Ethereum blockchain. Timelock, earn rewards, and join a decentralized foundation where the future is whatever the community decides.
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.
As a reward for your dedication, you can become a Top Timelocker, qualifying for voting power and earning additional rewards.
Onboarding Period: For the first 1000 days after contract deployment, all timelocked tokens are locked for the entire period.
Post-Onboarding: After the 1000-day period, new users face a 70-day lock, while existing users only have a 14-day lock.
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.
Your timelocked tokens aren't just locked away—they're flexible. Use them to make payments, send gifts, or offer donations, all while ensuring they remain locked for 100 days in the address of the receiver.
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.
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.
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: Only the top 100 Timelockers can vote, making it costly to acquire multiple votes and ensuring true decentralization.
Ever-Decentralizing Decision Pool: Every 4 years, the voting pool doubles, expanding the Top Timelockers from the top 100 to the top 200, and eventually to 102,400 over 40 years.
Voting Rewards: To incentivize participation, every Top Timelocker will receive Voting Rewards.
1 Decision per Year: Only 1 proposal will win per year, so every vote counts. This scarcity drives fierce 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.