Do you have confidence that your coin will be valued more than 10cents per SOV coin?
What would be your major advantages to meet your tagline of being the new King in town?
I think beating BTC is still impossible for the time being, with regards to usage and popularity.
Yes, as long as demand grows faster than new coins can be issued. Supply is very low and gasprice to mint will increase. It's a little bit like a lottery - whoever gets into the block first wins the price.
This concept is unusual and interesting. maybe this project will be successful. I will follow the development, good luck to the team.