Announcement: 9736 sats per SOV. Origin SOV token distribution schedule and Voting on SIP-006-amendment:The Origin sale was oversubscribed. Sovryn paused deposits to the Origin sale in order to avoid receiving too many funds, which would necessitate many manually processed redemptions. In total, over 200 BTC was received. However, after accounting for donations and redemptions the total amount of BTC eligible for SOV distribution is 194.7. As a result, 5.29 BTC of the potential allocation remains unclaimed.
The team has reached a consensus that it is not worth reopening deposits to collect these 5.29 BTC, as that dev effort can be better spent on further development of the system, and onboarding new users to the platform who participated in the Origin sale.
Therefore it is proposed to distribute the allocated 2M SOV to the current set of depositors, this would set the effective price at 9736 sats per SOV.
Proposal
Resolved:
1 Distribute 2,000,000 SOV to participants that deposited BTC in the Origins pre-deposit, at a clearing price of 9736 sats per SOV.
2 No further changes to SIP-0006
more info here
https://forum.sovryn.app/t/sip-0006-amendment-1/294Voting on SIP-006 will commence at 12:00 pm UTC tomorrow February 25th, and close at 12:00 pm UTS on Thursday February 26th.
After SIP-006 has passed, SOV Token distribution will be initiated between Monday March 1st and Tuesday March 2nd.
SOV holders will receive an email informing them that their tokens are claimable. rBTC are required on your wallet to pay transaction fees.
There will be a clearly labeled button in the sovryn dapp to claim your SOV.
Upon claiming your SOV, your account will be whitelisted to use the dapp.
Remember: Your claimed SOV will be vested (locked) in your portfolio until 26th March, after which they will become liquid (tradeable). Until then you can participate in voting on SOV SIPS, or use them on the dapp.
Thank you for your patience. Stay sovryn!