Tokenomics

The tokenomics of $SOVRN largely follow those of $BREED.

• Migration: The migration from $BREED to $SOVRN will start in Week 4 November 2024. The migration will be open for a period of three years.

• Token Swap Ratio: Existing $BREED holders can exchange their tokens for $SOVRN at a 1:1 ratio. The migration process was secure and audited to ensure user fund safety.

• Distribution: A substantial portion of $BREED, and consequently $SOVRN, tokens are already in circulation, held by a diverse public base. There are no major changes in the distribution and vesting schedule of the token. By the end of November 2024, 82% of the max supply had been unlocked. The rest of the vesting tokens are divided amongst key partners (30 Million), team (124 Million), and treasury (25 Million).

*This graph shows the actual vesting schedule of the $SOVRN token. This does not equate to the circulating supply at a certain point in time as variance may arise depending on the actual number of migrated tokens.*

• Supply: Intended supply is still at 896,771,567 tokens which is the 1,000,000,000 initial max supply less the burnt BREED tokens, assuming all $BREED tokens will be migrated. No additional $SOVRN tokens will be issued beyond the initial supply of 896,771,567 units.

• Security Measures: Stringent security measures will be implemented throughout the migration process to safeguard user funds and prevent any potential security breaches or exploits. The token and the migration portal have been audited by trusted third parties such as Verichains and Ackee Blockchain. Quantstamp is set to provide further security audit by December 2024.

As the landscape of Web3 gaming further maps out a vision towards fully on-chain digital worlds, $SOVRN stands at the forefront – empowering creators to fully embrace the process of designing and developing infinitely scalable gaming experiences and catalyzing a community-driven gaming ecosystem. Official Links SOVRN CA

SOVRN LP

Migration: https://migrate.sovrun.org/