Welcome to the initial whitepaper for SOFIA token, which will serve to outline the basic premise, goals, tokenomics, safety protocols, and long-term goals of the project. Over time, this will continue to be updated to better reflect the community's path towards commerce and business in the future.
Sofia, the Ancient Greek word for wisdom, was developed as the result of a desire to shift towards a wiser method of Decentralized Finance (DeFi) moving forward. If DeFi, cryptocurrencies, and tokens are to become central parts of interactions moving forward, they must demonstrate the ability to hold value and provide utility, and SOFIA token attempts to solve both of those issues.
Sofia is a cooperative contract that will allow owners to take part in the ownership of a truly unique business enterprise. The protocol was launched on May 17, 2021 on Binance Smart Chain (referred to as BSC). Purchasing SOFIA will allow you to be one of the very first to purchase from the Sofia clothing brand, being developed specifically for the community of holders.
The truly unique feature of SOFIA is that it will be the first business producing fungible products built entirely upon the Binance Smart Chain. Long gone are the days of holding shares of companies who return an infinitesimally small percentage of profits to the shareholders. As more purchases are made, the value of the token increases, providing more market cap to be split amongst the holders.
In short, SOFIA token will open the gateway for purchases made solely through the use of BSC tokens. Starting with clothing, we hope that soon everything will be available to be sold this way, and, as pioneers in the industry, we will lead the way forward.
Unlike other protocols on the market, the contract does not employ a manual burn wallet (meaning the developer does not control a significant portion of tokens that can negatively impact the marketplace) and our community takes great pride in our excellent token distribution:
<aside> 💡 Network: Binance Smart Chain (BEP-20) Ticker: SOFIA Contract address: 0x3c62865e61ee778367e271a89910f91be13b43c4 Decimals: 18
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<aside> 💡 Total Supply: 1,000,000,000,000,000 SOFIA Burned Tokens: ~900,000,000,000,000 SOFIA
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We're serious about what we do, and we're serious about the commitment we make as a community. Here's what we've done about it.
Liquidity will be locked for us by DxSale.
The next step will be finalizing the renouncement of contract ownership as soon as the DxSale ends
Our long term mission is to create a user owned business platform, where holders of the coin act as the shareholders of the business. We hope to provide excellent quality clothing, and to make all transactions as seamless and modern as possible. The developers have a number of lofty goals, that, if reached, will mean that SOFIA token is the wisest token choice anyone could make.
You can be part of the first and only blockchain streetwear brand, with exclusive access all for the price of holding SOFIA.