SOSF token (SOSF)

“SOS Fidelity is an evolving project, surrounded by an ever changing climate environment, reflecting on current events, its main goal- to provide quick help for people affected by natural disasters, worldwide. Water, food and medical supplies will be purchased and directed to the relevant regions as fast as possible. The value of the SOSF Token will have absolutely no connection to the prosperity of the SOS Fidelity organization. The token will be used, if necessary, to provide liquidity for any emergency help, in case there are no donations in reserve.

To avoid volatility, each year we will release 10% of the total amount of minted tokens on centralized exchanges. SOSF is not mintable but can be burnt. There will be no restrictions on secondary sale, buy-back options or ‘right of first refusal’.

SOS Fidelity keeps the majority of the received donations as a reserve in order to be able to react fast when the occasion arises.

The other part of the donations is sent regularly to some Humanitarian Organizations to help them with their endeavour.

SOS Fidelity participates in Network Distributions, such as staking, airdrops, and hard-forks.

Network distributions are free cryptocurrencies we earn for storing and using digital assets. These are NOT purchased using the donations.

Proceeds from network distributions are included in the reserve relief fund.

It is at the sole discretion of SOS Fidelity’s management to participate on Network Distributions. These are evaluated on a per-case basis.

SOS Fidelity reserves the right to retain 5% (five percent) of earnings related to network distributions, in order to sustain the project and remunerate the management and employees.”