SoV | Stable, Open source, decentralised coin which is not pegged to fiat or metal.

About me

I am a business person with major in marketing and entrepreneurship. I have run bitcoin mining farms in china since 2016 and we were mining at huge scale, started from few thousands to a $10 million facility.

Here is my LinkedIN: https://www.linkedin.com/in/ataleeq/

About this project

SoV coin | Store of Value coin

A stable, open source, decentralised coin which is not pegged to any metal or fiat to retain its value, and market ripple free.

Problem with money:

Manipulations, speculations and devaluation of money in favour of ‘few’. Some have ‘hard earned’ and others can simply print. Bailouts, inside tradings.

Solutions so far:

Bitcoin: bitcoin has solved ‘third party’ trust requirements to send/receive money. btc is not good for routine transactions and storing value.

USDT: in addition to Btc, Has solved volatility issues. USDT is has a lot of trust issues because it is centralised.

Maker DAI: Maker DAI has tried to fix the issue but they fall into FIAT trap at the end, by pegging it to USD.

Our solution: As you see bitcoin and tether are not focusing the real issues related to wealth. Btc is highly volatile and tether is pegged to USD and centralised , DAI is decentralised and pegged to fiat, on FIAT people have loose trust. So, “A stable, open source, decentralised coin which is not pegged to any metal or fiat to retain its value.” Is need of the hour.

Currently, SHIELD is working with finances and technical people to develop its operational structure setting maker DAI as benchmark, we are committed to ‘reward’ the people who will bring value to SoV in any way (like: funding, investing, holding, developing)and it will be structured in SoV open contract. It could be developer, marketer and investor or business who adopt SoV.

We are working on different models to ‘determine’ SoV value which can save and secure ‘hard earned’ value at optimum level.

I m looking help to build team and launch SoV for the common good to save and secure our wealth over time and space.

Funding

Looking for 500,000 GBP to build team, office, setup ecosystem and for the launch of SoV on exchanges.

Where is the project based?

Currently this project is working without a specific office or location. Our team is working from UK, China and Pakistan.

Here is a twitter handler for the project.

twitter: https://twitter.com/shieldspprt

Rewards on offer

As SoV is Open Source, we are working on a contract to develop a fair 'reward' for all the funders, investors and holders mainly. If you are funding SoV, you will get all the rewards which STOSHI enjoys for BTC. Reward for the funders and investors and developers are life long, You will be the share-owners of the project.

The team

I am the only Founder because the startup is just born. People and mentors around the globe showing interest in this project and together we are working to build a sound team for the project.

Risks and challenges

Open Source development and determining SoV value.

With the rise of maker DAI much of open source development infrastructure has made available. we are going to set DAI and its development as benchmark for SoV. Now the tough part of 'determining' SoV value is remaining. We are working, asking and meeting with finance and NGO leaders to ask for the options to develop a mechanism to determine value of an asset which 'means' in 'reality' to commons.