The last seven days have been extremely hectic for everyone at Sovi Finance and us are pleased to announce the successful SOVI auction on the NewItem platform and the launch of SOVI Liquidity Mining on the Huobi ECO Chain (HECO). Both events were very successful and attracted significant commitment from the share members of our community and highlight how the Soviet revolution has spread to the gaming and DeFi worlds and will continue to do so!
Launch of SOVI NewItem Auction & Liquidity Mining
The SOVI auction on NewItem and the ability to extract liquidity from SOVI onHeco started on February 18 th. During the auction, 40,000 SOVIs were made available, 1 SOVI being equal to 1HT, and the token auction ended at 2:00 p.m. GMT with 37,520 tokens sold and the remainder of just 2,480 due to be burned.
SOVI Liquidity Mining started at 17:00 GMT, and we hit TVL of 20 million USDT in the first 30 minutes before going up to $ 24 million. The launch also provided participants with an overall APY of 16,983%, the exact figures being as follows.
- TVL 23 M $
- APY 16983%
- SOVI / USD: 15632.25%
- SOVI / HT: 16983.63%
- SOVI: 1739.14%
- HT: 107.23%
- HUSD: 107.50%
- HPT: 106.60%
We want to thank the SOVI community for all their support and to congratulate all who participated. We would also like to add that the price of SOVI has stabilized around the level of $ 30 to $ 40 (USD), and everyone can purchase SOVI using Mdex. You can see all informatrelevant ions regarding SOVI on Mdex here , and you just have to click on the “Trade” button to directly access the available SOVI trading pairs.
Once again, the SOVI LP Mining Pool brings many beneficial features to influencers, network participants and loyal supporters of the platform, and allows our entire community to earn rewards by acting as liquidity providers on HECO. SOVI's tokenomics on HECO are as follows.
SOVI Tokenomics (HECO)
Hope Sovi Mining (hSOV and hSOV2)
- Type: hSOV & hSOV2 mining
- Starting block: 930700
- Block period: 1528500
- Block production: 0.02 SOVI
- T Total distribution: 58400 SOVI
- Type: Direct mint
- Distribution total: 40000 SOVI
- Starting block: 2257600
- Block period: 10512000
- Type: LP Token Mining (SOVI / WHT SOVI / USDT)
- Stage 1: 14 days | 70000 SOVI
- Step 2: 21 days | 73500 SOVI
- Step 3: 21 days | 51450 SOVI
- Step 4: 21 days | 36015 SOVI
- Step 5: 288 days | 345744 SOVI
- Total distribution: 576709 SOVI
Extraction of unique tokens
- Type: Single Token stake extraction (WHT, HUSD, HPT, SOVI)
- Start block: 2257600
- Blocking period: 201600
- Total distribution: 7056 SOVI
Type: given to each claim of User: To receive the bonus, the invitee must put at least $ 1000 in tokens into the liquidity pool. Guests can collect additional production from 2 layers below them, with 50% direct referrals and 50% indirect referrals. Benchmark index levels: Step 1: 6% Step 2: 7% Step 3: 8% Step 4: 9% Step 5: 10%
Total distribution : 51277 SOVI (calculated as fully occupied)
Type: Transferred with each user complaint, and users who bring into play the Igniter type of NFT will be able to enjoy 2% of the additional SOVI production from liquid extraction.global dity.
Total distribution: 11534 SOVI
Type: Received for each user complaint with an additional 10% of each production except the referral bonus.
Total distribution: 66824 SOVI
For SOVI tokenomics, go to: https://docs.sovi.finance/usdsovi-tokenomics/ sovi- "tokenomics-heco
We encourage members of our community to participate in cash mining and you can read more about our mining mechanism on HECO here , and liquidity provision for a single asset here . Sovi Finance empowers everyone to participate in the new financial revolution and earn valuable digital assets through strategic gameplay and by participating in DeFi activities such as liquidity mining, staking and yield farming. There is a lot more good news to come, so be sure to join the Soviet communities, follow us on social media and stay tuned!
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