If you are buying Sovryn right now. Can you see or read the difference?
If you are buying Sovryn tokens right now.
Bitcoin at some point had a very low valuation, and it was only over time that the price gained a bit in the start, you were subject to big swings, but I didn’t experience those swings because I was not around at that time and that is okay because at least I saved up that torture. Bitcoin before 2013 was a nightmare and so it will be for Sovryn.
Sovryn has only a 100 million total supply which means eventually all tokens will have an owner and that owner may or may not sell, but the limited supply is present. If I am not wrong Sovryn token has only been alive for 24 months or so which means competing with Bitcoin we are in 2011 at this point. So it would help if you tried to find a chart of Bitcoin that goes before 2011.
If you hold 1000 Bitcoin today you are holding a small fortune, that same thing will happen if you are holding at least between 1000 to 5000 SOV. If you invested around $15k around 2011 and 2013 you would have bought at around $12 a Bitcoin now that Bitcoin is at $19k that is a hell of a bargain.
Bitcoin is becoming a reserve asset, and with LN it is becoming money too, but you will need financial tools in the future at least until fiat currencies are relevant, and they will be as long as the government can kill you or put you in jail, so financial tools are a must. Those financial tools will be built using second-layer solutions just like LN. As such Rootstock as long as continues as it is right now will have a chance to be recognized as the ideal sidechain to Bitcoin, in a work on top of the Bitcoin solutions world.
Those that hold Bitcoin right now will tell you to not invest in anything else because they only know about Bitcoin and are investors that became rich just by holding but never understood the world around them also because probably they have the mentality I must buy first before everyone else, and they also fear the competition for liquidity. Not to mention people fear what they don’t know, look at financial TV shows it seems they always get it wrong, not just because they have an agenda but because no one knows the future, that includes me, but at least I am open-minded and ready it give it a try even if it fails.
A decentralized exchange will be a tool for both the future and the present, and Sovryn is adding more to the table. Zero-interest loans are a must, real decentralized stablecoins, and maybe even a highly centralized bank solution that may get legalized using El Salvador as the country base.
The point is as long as you have to use fiat, and you have actual borders DeFi will be a thing, and I don’t think that central governments and banks will ever stop using and emitting fiat if nothing more they will bring it to cryptocurrencies before giving that control to the private sector. And if that is not enough, you can always jail and kill people. So the best is to coexist with them.
Bitcoin will be the primary asset, Lightning Network its currency, and Rootstocks its DeFi environment.
Sovryn as dex will bring more utility in the future not just to Rootstock but to Bitcoin as an indirect way to use your satoshis to bring more financial freedom to yourself by investing with your own money and without having to pay killing interest to third parties like banks.
Sovryn is in the 2011 phase right now but that will soon change once years pass by, and in 3 more years will be in 2015 or so and that means SoV will go the way BTC went. In 2011 you could get Bitcoin at $10, in 2015 you would need $1000. Today you can get Sovryn for $0.22, in 3 years that could be $20 or more.
Sovryn is not just a dex, but an actual protocol that is producing more financial freedom for those willing to seek and risk it.
Can you see or read the difference?
If you are buying Sovryn tokens right now, it is important to keep in mind that, just like Bitcoin, Sovryn's value may experience significant fluctuations in the short term. However, it has a limited supply of 100 million tokens, which means that eventually, all tokens will have an owner. The limited supply of Sovryn may be an attractive feature for some investors, as it may indicate that the value of the token could potentially increase over time.
It's worth noting that Sovryn is a relatively new token and has only been around for a couple of years. This means that in terms of competition with Bitcoin, we are currently at a similar point as in 2011. This is an important consideration when thinking about the long-term potential of Sovryn as an investment.
Holding a significant amount of Sovryn tokens, similar to holding a significant amount of Bitcoin, could potentially be a wise investment decision. For example, holding between 1000 to 5000 SOV could potentially be considered a small fortune. It's worth mentioning that investing in Sovryn, as well as any other investment, carries risk and it's important to do your research and invest only what you can afford to lose.
Rootstock, the blockchain on which Sovryn is built, has the potential to be recognized as the ideal sidechain to Bitcoin, working on top of Bitcoin solutions. The platform's decentralized exchange (DEX) and added features such as zero-interest loans and real decentralized stablecoins, bring more utility to the ecosystem.
It's also worth mentioning that as long as fiat currencies and physical borders exist, decentralized finance (DeFi) will have a place in the market, and governments and central banks will continue to use and emit fiat currency. Bitcoin will likely continue to be a major asset, with the Lightning Network being its currency, and Rootstock providing the DeFi environment.
In conclusion, Sovryn is not just a DEX, but a protocol that aims to provide more financial freedom for those willing to seek and take the risk. While it's in the 2011 phase right now, as the years pass, it could potentially reach a similar point as Bitcoin in 2015, where the value of Sovryn could increase significantly. It's important to keep in mind that past performance is not indicative of future performance. Always do your research and invest only what you can afford to lose.