| SIP | Title | Author | Status | Track | Created |
|---|---|---|---|---|---|
0003 |
Activation of Genesis Reservation |
Ororo Munroe (@ororopickpocket) |
Approved |
Treasury |
2021-01-24 |
- The Sovryn protocol will issue up to 2,000,000 cSOV tokens. This represent a 200,000 increase from 1,800,000 of SIP 0002.
- cSOV tokens will provide a pre-reservation mechanism for community members to stake funds in order to receive the right to SOV tokens, on a 1:1 basis with cSOV tokens subject to a vote by SOV holders.
- These cSOV tokens will be distributed to stakers who have the early community NFTS.
- The required stake per cSOV token will be 2500 Satoshis
- Any cSOV tokens converted to SOV will be subject to 10 months linear vesting (with 1/10 of the total amount released on a monthly basis) from the date of the end of the SOV public sale.
- Any cSOV holder that does not actively convert their cSOV to SOV within a two month period after TGE will be able to receive their staked funds.