AscendEX will probably be itemizing Sovryn (SOV) below the buying and selling pairs SOV/USDT and SOV/BTC, starting on September 15, 2021 “at 1:00 p.m. UTC, 2021.”
Sovryn is notably considered one of Bitcoin (BTC)’s fastest-growing ecosystems. It’s the primary Bitcoin-native utility that can allow customers to entry decentralized buying and selling and lending providers. In keeping with its builders, “Bitcoin is King, Sovryn is Queen.”
As famous within the announcement, the workforce at Sovryn is targeted on “constructing the alternate Satoshi in all probability makes use of.” They declare to be the “solely alternate the place you management your Bitcoin from finish to finish” (despite the fact that there are a lot of merchandise at present out there providing comparable options).
Sovryn could also be thought of the DeFi “working system” for Bitcoin, on Bitcoin.
As famous within the replace, deposit and withdrawal capabilities are presently enabled on AscendEX. Sovryn and the AscendEX workforce will even be launching three limited-time occasions, that are scheduled to happen from September 15, 1:00 a.m. UTC to Sept. 22, 12 a.m. UTC.
There will probably be alternatives to get share pooled rewards valued at round 120,000 USDT.
- Occasion One: Signal Up & Refer Pals to Share 20,000 USDT Rewards
- 10,000-USDT Pooled Rewards for Present Customers
- Individuals will probably be eligible to “obtain 5 USDT value of SOV rewards for each certified new consumer referred and registered on AscendEX.” The utmost quantity “of rewards a consumer can earn is 500 USDT.”
- Certified or eligible new customers are customers “who join on AscendEX via the referrer’s invitation hyperlink and keep a minimal SOV buying and selling quantity (Purchase + Promote) of 100 USDT or extra in the course of the [offer] interval,” and pooled rewards are “capped at 10,000 USDT,” the announcement confirmed.
The highest 5 merchants “ranked by their SOV buying and selling quantity who join on AscendEX in the course of the [offer] interval” will probably be eligible to “share a 3,000 USDT value of SOV rewards.” As talked about within the replace, members who join on AscendEX “in the course of the occasions and keep an SOV buying and selling quantity of 100 USDT or extra will probably be eligible to share 7,000 USDT value of SOV rewards.”
(Observe: for extra particulars on this announcement and different presents/necessities, verify here.)
As famous within the replace, Sovryn is the Bitcoin-based decentralized finance (DeFi) protocol. It has dedicated to a $9 million funding proposal from a number of key companions, together with AscendEX.
These buyers have reportedly been “vetted for his or her strategic contribution and led by Anthony Pompliano’s Pomp Investments.” These market gamers will “deliver their reputations and deep steadiness sheets to bear on the company facets of the Sovryn undertaking and can, in time, look to construct software program to undertake and combine with the Sovryn protocol.”
Sovryn claims to be the primary BTC app that can “enable customers entry to decentralized buying and selling and lending of Bitcoin.” Sovryn has seen “rising pleasure and anticipation” all through this 12 months as they’ve introduced investments from Anthony Pompliano, Collider Ventures, Greenfield One, Monday Capital, Cadenza Ventures, Blockware Options. Their native token is presently buying and selling on the Sovryn app, “with new venues saying within the coming weeks.”
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