[ANN] Sovryn - Brings DeFi to Bitcoin - page 6.

asriloni

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Quote from: sukoyomi on August 15, 2021, 05:51:02 PM

but the origins launchpad feature still not effective, still no new projects countinously use the launchpad in there, except for babel fish which i have seen there since weeks ago. They need to maximize their marketing in this regard.

It caused by the new project aware about RSK didn't have a lot of demand for now. So many new projects were picking up BSC, Ethereum, or even polygon to be their parent chain.
There's no a lot of new projects that interested developing the bitcoin related product through the second layer solution like RSK or lightning.
This is not a big problem for me. The question is when will the real time fast BTC bridge from RBTC to the BTC will be available? this is also making the bitcoin holders will be much more easier to bridge or unbridge their bitcoin to the RBTC to use the sovryn platform. Massive marketing totally needed

sukoyomi

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See that their yield-farm and lend is totalling quite attractive and have over $900,000. but the origins launchpad feature still not effective, still no new projects countinously use the launchpad in there, except for babel fish which i have seen there since weeks ago. They need to maximize their marketing in this regard.
https://live.sovryn.app/origins

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It felt like several months had passed since sovryn's success in raising funds for his project. I wonder when this sovryn will register his token in cex? So far I've only seen in dex, and even then 2 places. Sov token deserves a top exchange, with a relatively small supply, it will be very easy to see the price soar, just need the appropriate place.

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Sovryn project is a solid step into crypto’s future. Above the hype, creating the culture.
The crypto community is united by a vision to empower digital autonomy for an open and fair world.
As crypto rails continue to take over the world's infrastructure, all of us here will be witnesses the evolution of crypto in real-time.

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Quote from: nira09 on August 11, 2021, 10:24:54 PM

So far, I also still don't understand why SOV Token has not been traded on the main exchange, even though we know that several large exchanges invest in Sovryn, it should not be difficult for Sovryn to be listed on the main exchange.
Although some people don't like if DEX Exchange tokens have to be listed on multiple CEX exchanges, but I think being listed on multiple major CEX exchanges is a great way of marketing and increasing trading volume.

I also think now is the right time to launch in one of at least 2nd tier exchange to increase both liquidity and exposure, aside from not many people are aware of the project, the Sovryn platform and rsk network is new to many people, which to me is a little drawback in the part of attracting more investors, I personally do not have any problem accessing it but I have seen some people mentioned this in their Telegram, which is why a list in one of cex can boost things up a bit.

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Quote from: shinratensei_ on August 11, 2021, 06:03:05 PM

Quote from: nira09 on July 29, 2021, 06:22:44 PM

Be it users or speculators, both will become SOV token holders, be they short-term or long-term holders. More holders will create increased demand and potentially higher prices.
listing on the main Exchange can also be good marketing.

You need to adapt to the ecosystem to gain more traction for your platform. The only problem is the team didn't have a plan to list this token in the more exchange site which can drive the adoption.
Just try to take a look at some coins that are already listed on the major exchange site and those coins got multi millions daily trade volume or even got billions.
The daily trade volume for sov is relatively small. another strategy is totally needed. The dev must not let this token becomes stable forever with the possibility to be dumped as new coin gets minted and distributed.
People are also complaining about how difficult to exchange their RBTC into the BTC again.

So far, I also still don't understand why SOV Token has not been traded on the main exchange, even though we know that several large exchanges invest in Sovryn, it should not be difficult for Sovryn to be listed on the main exchange.
Although some people don't like if DEX Exchange tokens have to be listed on multiple CEX exchanges, but I think being listed on multiple major CEX exchanges is a great way of marketing and increasing trading volume.

shinratensei_

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Quote from: nira09 on July 29, 2021, 06:22:44 PM

Be it users or speculators, both will become SOV token holders, be they short-term or long-term holders. More holders will create increased demand and potentially higher prices.
listing on the main Exchange can also be good marketing.

You need to adapt to the ecosystem to gain more traction for your platform. The only problem is the team didn't have a plan to list this token in the more exchange site which can drive the adoption.
Just try to take a look at some coins that are already listed on the major exchange site and those coins got multi millions daily trade volume or even got billions.
The daily trade volume for sov is relatively small. another strategy is totally needed. The dev must not let this token becomes stable forever with the possibility to be dumped as new coin gets minted and distributed.
People are also complaining about how difficult to exchange their RBTC into the BTC again.

nira09

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Be it users or speculators, both will become SOV token holders, be they short-term or long-term holders. More holders will create increased demand and potentially higher prices.
listing on the main Exchange can also be good marketing.

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Quote from: bitkanu on July 23, 2021, 10:23:50 AM

Quote from: leea-1334 on July 23, 2021, 06:04:12 AM

CEX is not bringing more users, but more speculators.

Can you deny the fact that if the crypto users were getting centralized on the centralized exchange site? That's the only way to attract more users. Being too idealistic was not good for the ecosystem.
We were living on the speculative market. users = speculators

Again,,, I am talking about users versus speculators.

Users have their own wallet and use it for other things like spending for shopping or food, or whatever it is, or even sending each other payments over the blockchain.

If you are on an exchange, you are selling and buying,,, and not even making blockchain transactions.

Users are not speculators. Proof? Altcoins and Defi.

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Quote from: leea-1334 on July 23, 2021, 06:04:12 AM

Quote from: bitkanu on July 22, 2021, 05:53:12 PM

Quote from: iram3130 on July 13, 2021, 06:51:32 AM

Is it going to be the same now also..? I feel we need more users to know about SOV, so it will be a good thing to list it somewhere.

Some people in the telegram group were saying they have been seeing yago was calling for the cex but it's not clear about what will be the time for sov to be listed on the centralized exchange site.
I do agree with you can we can't do deny the fact that if cex will be bringing more users to use SOV. These days the competition of bitcoin defi is really strict.
A centralized exchange site like binance will give massive token holders and exposure

Does anyone else not find it ironic that all these socalled decentralized coins/tokens are all talking about listing on centralized exchanges?

What happened to sovereignty and decentralized goals? Are DEX tradings and Liquidity Pools now not enough for them?

CEX is not bringing more users, but more speculators.

Can you deny the fact that if the crypto users were getting centralized on the centralized exchange site? That's the only way to attract more users. Being too idealistic was not good for the ecosystem.
We were living on the speculative market. users = speculators

leea-1334

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Quote from: bitkanu on July 22, 2021, 05:53:12 PM

Quote from: iram3130 on July 13, 2021, 06:51:32 AM

Is it going to be the same now also..? I feel we need more users to know about SOV, so it will be a good thing to list it somewhere.

Some people in the telegram group were saying they have been seeing yago was calling for the cex but it's not clear about what will be the time for sov to be listed on the centralized exchange site.
I do agree with you can we can't do deny the fact that if cex will be bringing more users to use SOV. These days the competition of bitcoin defi is really strict.
A centralized exchange site like binance will give massive token holders and exposure

Does anyone else not find it ironic that all these socalled decentralized coins/tokens are all talking about listing on centralized exchanges?

What happened to sovereignty and decentralized goals? Are DEX tradings and Liquidity Pools now not enough for them?

CEX is not bringing more users, but more speculators.

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Quote from: iram3130 on July 13, 2021, 06:51:32 AM

From 80$, the price has been dropped to 10.6$ right now. Even after making worthy developments, we are seeing a steep decline in the price. The team was adamant in the beginning for not listing Sov anywhere else other than its own platform. Is it going to be the same now also..? I feel we need more users to know about SOV, so it will be a good thing to list it somewhere.

Yeah, maybe you are right, we need to list SOV on the good CEX but the current situation is not good, the Altcoin market is too dependent on Bitcoin.

The most ridiculous thing is when the price is at the top people think the price will continue to rise and when the price is down people think the price will continue to fall and They blame others besides themselves and their greed.
That's where we are now.

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Quote from: iram3130 on July 13, 2021, 06:51:32 AM

Is it going to be the same now also..? I feel we need more users to know about SOV, so it will be a good thing to list it somewhere.

Some people in the telegram group were saying they have been seeing yago was calling for the cex but it's not clear about what will be the time for sov to be listed on the centralized exchange site.
I do agree with you can we can't do deny the fact that if cex will be bringing more users to use SOV. These days the competition of bitcoin defi is really strict.
A centralized exchange site like binance will give massive token holders and exposure

iram3130

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From 80$, the price has been dropped to 10.6$ right now. Even after making worthy developments, we are seeing a steep decline in the price. The team was adamant in the beginning for not listing Sov anywhere else other than its own platform. Is it going to be the same now also..? I feel we need more users to know about SOV, so it will be a good thing to list it somewhere.

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Quote from: irfan_pak10 on July 12, 2021, 01:17:23 PM

The latest news at Telegram: https://t.me/SovrynBitcoin

Quote

SIP 0021 Liquid SOV Incentive Rewards for Staking By Choice

I am introducing this SIP on behalf of Sovryn Protocol Stewards and The Sovryn Exchequer Committee, in order to address issues raised by community members regarding the imbalance between rewards paid out by the protocol for staking and rewards paid for providing liquidity to the AMM pools.

https://forum.sovryn.app/t/sip-0021-liquid-sov-incentive-rewards-for-staking-by-choice/1510

Yes, the voting process for SiP 00024 has been delayed a bit. SoV needs a slight adjustment to the staker balance. But the lending/borrow interface has been upgraded, it's great

) I will vote YES!

Quote

Voting on SIP 24 - Liquid SOV rewards for stakers - has been delayed to address clarity in the language and economic calculations of the SIP before going to a vote.

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The latest news at Telegram: https://t.me/SovrynBitcoin

Quote

SIP 0021 Liquid SOV Incentive Rewards for Staking By Choice

I am introducing this SIP on behalf of Sovryn Protocol Stewards and The Sovryn Exchequer Committee, in order to address issues raised by community members regarding the imbalance between rewards paid out by the protocol for staking and rewards paid for providing liquidity to the AMM pools.

https://forum.sovryn.app/t/sip-0021-liquid-sov-incentive-rewards-for-staking-by-choice/1510

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The nodes that Sovryn uses for the site (live.sovryn.app etc) have been running slowly causing site performance issues.

Therefore, we're placing the site into maintenance mode shortly while we rebuild the nodes, after which we will test site performance and will either re-open the site or continue further triage. This has not impacted the protocol, only the Sovryn site. As always, funds are safu.

We have re-opened the site and all features are now accessible again. Keep in mind, the back-end continues to be slow and will undergo refactoring tomorrow. Trade and yield-farm history and charts may not load for some time - degraded chart/history performance is to be expected until further fixes tomorrow.

There has been a smart-contract rollback, reverting to yesterday's condition, Therefore lending has been reverted to V1 (before the upgrade process) and is functional again.

There will be a full post-mortem of these events tomorrow. Thank you all for your patience.

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Quote from: Dron Pelya on June 19, 2021, 03:22:29 PM

I don't like today's SOV price. Maybe so decreasing is normal because of all crypto market falling. But, anyway, tokens of project which develops and has huge potential, must be cost more, I think.

Everything will be fine, the main thing is just to wait out all these events in the market,the team makes a unique product in its segment.I hope that future sales on the platform of the new token should raise the rate and attract new investors.

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SOV token price has corrected quite deep from the highest price. I hope the price doesn't fall any further. did you guys take this opportunity to buy more, or have you run out of money to buy?

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Please note that as the lending page upgrade continues to be deployed to mainnet, the reading of lend balances in the UI may result in incorrect figures. Please do not be alarmed, it is simply an incorrectly displayed reading of the contract balances in this time between old & new lending pages

It's $SOV loot drop time again ⏰

This week's yield farming offer: 15k $SOV per pool totalling a value of ~$900,000 will be dropped over the next seven days, before rewards are recalibrated again on July 12th.

https://live.sovryn.app/yield-farm

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