Bitcoin's fastest developing lending platform Sovryn has announced its second listing on Gateio, this following the listing on AscendEX just last week, a move that will assist with increasing adoption in the primary DeFi working framework intended for the world's driving cryptocurrency, Bitcoin. Sovryn (SOV) is a non-custodial and permissionless savvy contract based framework created to be the world's leading Defi platform for Bitcoin, offering users admittance to decentralized lending, and spot exchange.
This project is bringing DeFi capabilities to the crypto king (saw somewhere that if Bitcoin is the crypto king, then Sovryn is its queen) and letting it make its mark in the sector that has been experiencing rapid growth over the past year , even through the periods of lull that cryptocurrencies have gone through. The protocol supports instant trades between tokens in a cost effective manner, lets users perform long and short trades and even borrow leverage from the lending pool. In addition, token holders also have the opportunity to lend their holdings to margin traders and borrowers, earning interest in the process. What’s more, investors can use their BTC tokens from any Bitcoin wallet via smart contracts and decentralized products on the Sovryn protocol.
Following the success of it's listing on Ascendex, the price of SOV has taken to an upward trend in the global market amassing over 100% increase from when it was listed till now even though the crypto market is in real dip. Also the price and performance of SOV is now trackable on coinbase. Gate_io another CEX has listed SOV after the project registered over 12m votes to beat Gate’s 10m vote requirement to list the token. An indication that the community and SOV holders are more than happy to see more CEX listings for this blue chip. Next stop, ATH or beyond? We’ll see.
In a recent update from the project, users can now go long on SOV in sovryn's leveraged margin trading, up to 5x. An amazing feature for ardent traders, long is the game, even when the market is in a dip, SOV keeps pumping.
https://twitter.com/SovrynBTC/status/1440249344293146625?s=20
It's no doubt that SOVRYN might have more surprises for its token holders which are most likely in the pipeline. I personally look forward to its listing on coinbase or probably other top tier exchanges like binance which I presume will be as close as Gate listing is to AscendEX.
Why am I bullish on this project? This tweet says it all;
https://twitter.com/SovrynBTC/status/1435271732303122434?s=20
SOVRYN lists on Ascendex
https://twitter.com/SovrynBTC/status/1438128583189450756?s=20
Edan Yago’s revelation about SOVRYN
https://twitter.com/SovrynBTC/status/1440259651275083789?s=20
SOVRYN lists on gate.io
https://twitter.com/gate\_io/status/1440569816763404292?s=20
SOVRYN bringing defi to bitcoin
https://twitter.com/btc\_manager/status/1440201853367582724?s=20
SOV price trackable on coinbase; https://www.coinbase.com/price/sovryn
Project name; Sovryn
website: https://www.sovryn.app/
Twitter: @ SovrynBTC
Telegram: @ SovrynBitcoin
Sovryn trading dojo;
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