Who‘s the non-violent community who mined, bought & timelocked 20% of circulating supply?
The time is 2:24AM at night, 17th of June 2019.
The Ethereum network receives a transaction into its mempool.
An anonymous person with the pseudonym “Mundo” has deployed a new smart-contract.
Mundo created a mineable currency which is deflationary by design, and which is owned and driven solely by the community.
Mineable by work.
Committed by community.
Deflationary by design.
Mundo created BitcoinSOV (BSOV) — The community progressed it.
The community consisted of non-violent volunteers who stayed committed to protest against inflationary government currencies, by using their own currency which is designed to reach a negative inflation-rate — Opposite compared to fiat-currency.
The community created SovCube.com and timelocked their BSOV to prove their commitment.
Over half a million BSOV were timelocked by 15 different addresses, resulting in over 20% of the circulating supply to be timelocked.
Some of the biggest holders of BSOV have timelocked their tokens, resulting in a 4-year+ commitment by the biggest holder, since the timelock-contract has a WithdrawalLimit of 1000 BSOV every 1 week. It could take 8 years if the timelocker chooses to withdraw them every 2 weeks instead.
The community can still timelock their BSOV
If they feel committed to the longevity and longterm vision of BitcoinSOV.
Timelock your BSOV at: SovCube.com
Read more about the protest against centrally controlled inflationary currencies
Understand the deflationary vision at the upcoming BitcoinSOV website at bsov.io
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Watch BSOV news
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Donate to the cause
Visit bsov.io/growth to see how much has been donated to the deflationary revolution.