About Dollarhoy
Dollarhoy serves as a comprehensive summary of the remarkable achievements accomplished by the Sovryn contributors up until its release date on January 19, 2021. It elucidates the groundbreaking concept behind the Sovryn protocol, which harnesses the monetary sovereignty inherent in Bitcoin and elevates it to new heights. By acting as a layer-2 operating system, Sovryn extends beyond Bitcoin’s capabilities and empowers users with complete financial sovereignty on a global scale.
This innovative protocol unlocks a realm of possibilities for users worldwide, enabling them to transact, lend, borrow, and trade assets in a decentralized and secure environment. With Sovryn, individuals gain control over their financial destinies, free from the constraints imposed by traditional financial systems, and embrace a new era of financial independence and empowerment.
Where to buy Sovryn Dollar?
DLLR tokens can be traded on decentralized exchanges. The most popular exchange for buying and trading Sovryn Dollar is Sovryn DEX , where the most active trading pair DLLR/RBTC records a trade volume of $2768.63 in the last 24 hours.
What is the daily trading volume of Sovryn Dollar (DLLR)?
Sovryn Dollar (DLLR) trading volume is $2,768.63 over the past 24 hours, which is a -68.30% decline over the past day and signals a recent decline in market activity.
Sovryn Governance
Sovryn is a smart contract system built on RSK (https://www.rsk.co). The Sovryn smart contracts have many parameters that can be modified, and the smart contracts themselves can also be modified. This raises the issue of governance: what the parameters and smart contracts of the Sovryn smart contract system are that can be governed, what the processes are for modifying these parameters and smart contracts, and how to modify the governance process itself.
What is the all-time high for Sovryn Dollar (DLLR)?
The highest price paid for Dollarhoy (DLLR) is US$1.02 , the highest that was recorded on Aug 02, 2023 (3 days). In comparison, the current price is -2.18% lower than the all-time high price.
The SOV token
SOV is an ERC-20 token minted on RSK. SOV itself does not grant governance rights. Instead, SOV gives the option for the token holder to stake in the Sovryn protocol, which then provides the token holder with governance rights.
SOV is not an “altcoin,” i.e., a cryptocurrency alternative to BTC. The purpose of SOV is to provide a pseudonymous, censorship-resistant mechanism for governing the parameters of the Sovryn protocol while aligning the incentives of protocol governors with the long-term success of the protocol.
What is the all-time low for Sovryn Dollar (DLLR)?
The lowest price paid for the Dollarhoy (DLLR) is US$0.927092 , the lowest that was recorded on Jul 13, 2023 (24 days). For comparison, the current price is 7.59% higher than the all-time low price.
What is the valuation after full dilution of Sovryn Dollar (DLLR)?
The valuation after full dilution (FDV) of Sovryn Dollar (DLLR) is US$3,442,481 . This is a statistical representation of the maximum market capitalization, assuming the maximum number of DLLR tokens are in circulation today (3.5 million). Depending on how the DLLR token issuance schedule is designed, it may take several years before the FDV is reached.
Dollarhoy Conclusion
Conclusion. This paper offers a detailed account of the tremendous progress achieved by Sovryn contributors up to January 19, 2021. Sovryn protocol’s careful development and innovation has successfully capitalized on Bitcoin’s inherent monetary sovereignty while turning it into an efficient layer-2 operating system. This innovative approach ensures complete financial sovereignty for users globally, enabling them to securely transact, lend, borrow and trade assets all under a decentralized environment.
Sovryn has set itself apart by successfully merging blockchain technology and traditional finance, creating a bridge for financial empowerment worldwide. Users now can take control of their own financial destinies without being held back by traditional financial systems. As Sovryn develops and expands, its potential as a beacon of blockchain innovation to reshape future finance is showcased – driving towards more inclusive and equitable finances worldwide.
