Token Utility
Standing at the forefront of Sovrun is its newly migrated token, $SOVRN. The $SOVRN token anchors Sovrun’s vision as it powers forward a community of Web3 participants that aim to propel blockchain gaming and fully on-chain digital worlds through its integrated ecosystem and core layers.
I. Value Capture
$SOVRN serves as a conduit for value capture within the Sovrun ecosystem, where every core activity — staking, treasury growth, native gas utility, and powering immersive economies — drives value back into the token. This structure ensures that as Sovrun’s ecosystem expands, the benefits of growth and innovation flow directly to $SOVRN holders, aligning their interests with the platform’s ongoing evolution and success.
a. Staking: World builders can stake their $SOVRN tokens and gain access to limitless growth opportunities. By staking $SOVRN tokens, developers can gain access to Sovrun’s innovative gaming engines, tech infrastructure, and chain economies. This allows them to create Parallel EVM gaming chains that selectively settle onto Sovrun L2, unlocking infinitely scalable worlds and expanding opportunities for the blockchain modder or game developer.
Sovrun also features its own unique delegation system focused on chain owner-game/mod owner mechanics, allowing for outsourcing of game ops in a seamless on-chain fashion.
b. Treasury Growth: As we solidify our vision to enrich fully on-chain digital worlds within the blockchain gaming landscape, we aim to optimize our resources and strong treasury by forming strategic partnerships, and collaborations with launched and pre-launched games, NFT and FT projects, and other institutions that may provide alternative yield strategies. By doing so, we are fortifying a bear-proof warchest that gives us firepower to propel our vision forward. But most especially, this allows us to ultimately be in a prime position to utilize the potential of Web3 gaming and pave the way for on-chain gaming scalability by tapping virtual worlds and communities of forward-thinkers. Provided a financial greenlight, $SOVRN may be reacquired from token holders (and thus benefiting them through a value accrual process) and may be funneled back to help fund community of forward-thinkers that build, develop, customize, and influence digital worlds.
c. Native Gas Token: The value of $SOVRN as a native gas token for the Sovrun chain lies in its role as the essential utility that powers the entire ecosystem. This token facilitates the execution of transactions, and smart contracts by enabling seamless and scalable computation and interactions across Sovrun’s Layer 2 rollup infrastructure. By integrating industry-standard game engines with blockchain technology, Sovrun’s native token serves as the crucial fuel that powers both the gaming engines and onchain support systems. This enables developers to seamlessly build, deploy, and maintain onchain digital worlds with high performance and scalability, while allowing users to interact with these decentralized environments effortlessly and at reduced friction. This creates a sustainable ecosystem where developers, players, and creators are empowered to innovate and engage, driven by the security, scalability, and efficiency that the $SOVRN token provides.
d. Immersive Economies: Sovrun enables players to impact worlds’ resources, trade, and growth, while allowing a dynamic and engaging gaming experience where player decisions have tangible outcomes. $SOVRN opens up opportunities for exploring different digital worlds and gaming experiences with various rules, assets, and economies that may unlock owner-game/mod owner mechanics, value accrual and growth incentives.
Additional Information: Migration from $BREED started 28 November 2024 and will be open for 36 months following the BDIP 8: Evolution of BreederDAO to Sovrun and Token Migration, with no changes in distribution and at 1 $BREED: 1 $SOVRN ratio. To learn more about the migration, please read FAQs. Official Links SOVRN CA
Migration: https://migrate.sovrun.org/
Last updated