This is not an ICO. We are not creating yet another pointless shitcoin. The system will never require you to have any coin other than BTC. There is a token, called SOV, which any user or contributor will be able to earn by participating or advancing the Sovryn protocol. This is not a new coin. It is a decentralised stonk, which can provide governance rights and a share of the revenue stream.
In that respect it is, in some ways, similar to what Bisq have done for their DAO. However, SOV is not planned to provide discounts in the system. All fees will be paid with BTC.
Cool, that's good. And what use does this SOV has? I mean, I can earn it, but what gives it value besides the shares? Is it going to be a complete governance rights or limited?
If the fees are paid in BTC does that means that the revenue stream sharing will also be paid in BTC?