Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Sovryn - Brings DeFi to Bitcoin
by
nira09
on 16/10/2021, 10:56:54 UTC
Guys, what about SOV staking? As I understand, if I stake SOV, I will get some voting power, but not SOV. Am I right?
That's right, your SOV Tokens don't increase when you stake your SOV tokens, but you get voting power and USD from profit sharing from transaction fees.


I understand that voting power helps me to take part in project development. But for now I would like to stake SOV and to get some assets, I could sell. Is there such possibility?
There is such a possibility, it's just that there are some provisions and don't apply at all times. When we staking SOV tokens we can get Airdrops when there are new projects to be launched through Sovryn, like BabelFish, Yesterday some people who staked their SOV tokens got Airdrops from BabelFish, if they qualify.
seem babelfish does not have its thread in the forum, the development is slow and very little development/awareness from it. What blockchain is the BNB on the sovryn trade? does the multichain bridge works at the moment for any coin? if it does, please share the type of coins

I don't think I need to answer this question since it's already been answered by Sovryn and
Jeff Brad12.
Thank you for answering well.

Important Update for Sovryn community.
Voting for SIP-0030 "Concentrating Staking Revenues" is now live, Voting will take place for 24 hours from the start of voting. So please cast your vote.