BitcoinSoV (BSOV)

BitcoinSoV (BSOV) is a deflationary cryptocurrency designed to combat inflationary government currencies. It operates on a community-driven model without centralized decision-makers or traditional power structures. This grassroots movement aims to achieve financial independence and freedom from inflation through non-violent methods. Every BSOV transaction incurs a 1% burn, making the cryptocurrency deflationary by design and promoting supply scarcity. Holders are incentivized to keep their BSOV tokens to avoid loss, potentially positioning BitcoinSoV as a Store-of-Value (SoV) asset.

The voluntary Proof-of-Commitment feature, facilitated by SovCube, allows token holders to timelock their BSOV, demonstrating a high dedication to the integrity and longevity of the BitcoinSoV project. This commitment stimulates confidence and reduces selling pressure in the cryptocurrency. A significant portion of the circulating supply is already timelocked in SovCube, showcasing the involvement and support of the community.

BitcoinSoV offers the opportunity to mine BSOV using graphics cards in a process that involves solving computational problems provided by the ERC918 smart contract which the cryptocurrency is built upon. Mining is the sole means of acquiring BSOV if purchasing is not desired. Since June 2019, many BSOV tokens have been mined, with more available to mine over approximately 100 years. Detailed information on mining BSOV is readily accessible for those interested in participating.