[ANN] Sovryn - Brings DeFi to Bitcoin

[koang]

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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[leea-1334]

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.

[bitkanu]

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]

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.

[nira09]

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.

[shinratensei_]

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]

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.

[Anonylz]

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.

[koang]

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.

[mandor]

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.

[sukoyomi]

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

[asriloni]

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

[nira09]

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

I agree with you, currently Ethereum, BSC and Polygon networks are more popular than RSK networks. It still takes a lot of effort to increase users.
The way to exchange RBTC to BTC or vice versa is on the Kucoin exchange, but the price difference can reach several hundred USD, not fully 1:1. For other ways I still don't understand it

[koang]

The way to exchange RBTC to BTC or vice versa is on the Kucoin exchange, but the price difference can reach several hundred USD, not fully 1:1. For other ways I still don't understand it

CEX: KuCoin or Bitfinex and soon they will launch  2-way FastBTC Relay

For now, BTC to rBTC swap on the FastBTC Relay works great,
now they just need to do vice versa and maybe in early September 2-way FastBtc will be ready

[irfan_pak10]

Sovryn platform new look

[shinratensei_]

The way to exchange RBTC to BTC or vice versa is on the Kucoin exchange, but the price difference can reach several hundred USD, not fully 1:1. For other ways I still don't understand it

For now, BTC to rBTC swap on the FastBTC Relay works great,
now they just need to do vice versa and maybe in early September 2-way FastBtc will be ready

I've been talking about the fastBTC RBTC tp BTC and it seems like the team needs more time to make it happen. Basically, it will not be so difficult to develop it. The spread was too big and so many people were also complaining about that. I guess this is why even the whales didn't wanna convert their BTC to the RBTC. Something that must be fixed as soon as possible.
I personally will not try to convert my BTC to the RBTC if i will be getting difficult to did viceversa. The team said no ETA

Sovryn platform new look

Glad to see that the team was improving its UI. i feel a bit better rather than try to see the old UI.

[MoneyJ]

Sure is nice to see refresh UI from Sovryn. As the first DeFi to have it on RSK platform is a breakthrough considering how the team is working on the bitcoin blockchain and Ethereum technology to bring programmable smart contracts to bitcoin network. It is I say a little bit hard and ambitious but here it is. With Sovryn this would be a litmus test to whether RSK can indeed succeed and scale up.

[Dron Pelya]

Well, I think it's nice that team is working. But unfortunatelly SOV price is to low. Earlier I thought that 30$ per SOV was to low price. But now I wonder how long we should wait to see such price again.

[JohnBitCo]

Well, I think it's nice that team is working. But unfortunatelly SOV price is to low. Earlier I thought that 30$ per SOV was to low price. But now I wonder how long we should wait to see such price again.

The all time high for Sovryn was $37 three months before but now the price is near 10$. I  don't understand the reason for this big fall.
The only think i can say is that Sovryn needs to be on more exchanges to have more volume. Currently it is only trading at uniswap.

[necromastery]

Well, I think it's nice that team is working. But unfortunatelly SOV price is to low. Earlier I thought that 30$ per SOV was to low price. But now I wonder how long we should wait to see such price again.

The all time high for Sovryn was $37 three months before but now the price is near 10$. I  don't understand the reason for this big fall.
The only think i can say is that Sovryn needs to be on more exchanges to have more volume. Currently it is only trading at uniswap.

I looked based on the information listed on coinmarketcap about sovryn. I thought that Sovryn ath was $24 which is happen 2 months ago, so it's not like that. Could it be because it's a bit slow to be listed on coinmarketcap. Anyway, they will not let the price of their tokens continue to be at their current figures, surely they will present a plan to overcome this slumping price.