SOV is the first self-deflationary token on EOS. SOV has a 3 phase, 21 stage variable deflation schedule. The first phase is designed for accumulators, the second for hodlers, and the third for everyday users.
Every time SOV is transferred, a percentage of the transfer amount is burned. This is done at a variable rate that adjusts according to SOV’s total supply. There will also be a weekly burn of unclaimed SOVtokens. The initial supply is 1 Billion and the burn rate will start at 0.05%. Over 21 stages it will increase to a peak of 1.25% before decreasing to 0%. At that time, there will only be 21 million tokens remaining and transactions will be free.What is SOV – https://eossov.one
How to Claim SOV
Every EOS genesis account is eligible to claim 5000 SOV.
You can claim SOV on many of the popular EOS airgrab portals including
- EOStoolkit: https://eostoolkit.io/airgrab
- bloks.io: https://bloks.io/wallet/airgrab
- SOV Wallet: https://eossov.one/