News & Updates

POWA Is Coming to Sovryn - The First BitcoinOS Token and Points Program

March 4, 2024
min read

BitcoinOS, the in-development Bitcoin rollup system, will host a myriad of assets, applications, utilities, and tokens. One of the first tokens to be traded on BitcoinOS will be POWA, a new bitcoin-native token. You can start earning your POWA now with the POWA Points program on the Sovryn dApp:

Get your POWA on Sovryn.app

Introducing POWA: The Bitcoin-Memecoin Evolution

POWA, a Bitcoin-native memecoin, represents the next leap in Bitcoin token technology. While the specific technology that allows POWA to exist today is still under wraps, it will be the first token of its kind to exist. POWA will be more powaful than BRC-20s, and we expect it to trade at higher volume and with more hype. 

POWA will not only be the first meme-coin to be part of BitcoinOS, but it will also introduce new powers and functionality to memecoins. POWA will be available to trade and use on Sovryn prior to the BitcoinOS release.

Earning POWA Points: Stake, Trade, Influence

Sovryn users can engage in various activities to earn POWA Points. Staking, trading, and even influencing on social media—every action contributes to users’ accumulation of points, determining their POWA pool share.

Stake: SOV stakers are rewarded with points for their existing stakes, with new stakes and re-stakes receiving an even higher points allocation.

Trade: Trading activities across selected pairs and platforms are incentivized with points, encouraging active participation in the Sovryn ecosystem.

Influence: Engagement on Twitter through likes, shares, and tweets earns users points, integrating social media interaction with the crypto rewards system.

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Unlocking the Power of POWA

Holding POWA will open up a realm of possibilities for users:

  • Trade POWA: POWA will be launched on Sovryn and other exchanges. POWA will be actively traded, offering users flexibility and liquidity.
  • Burn POWA for NFT Access: Users will be able to burn their POWA tokens to gain exclusive access to upcoming NFT collections, to launch exclusively on Sovryn.
  • Future Airdrops: By holding POWA, users will become eligible for future airdrops, securing access to innovative offerings and new technological opportunities.

Join the POWA Points Program

Users can now join the POWA Points program on the Sovryn dApp: https://sovryn.app/powa

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