🟢SOF Token (SOF)
SOF Token is minted on Hedera (SOF Token ID: 0.0.1237128)
What is the SOF Token?
SOF is our native token, reward token & currency for the SoF Center Community. The token is created by SOFLabs, the crypto project team of SoF Center.
What can I do with the SOF token?
The token is created as a loyalty reward for all customers from local organizations, business & retail shops who are willing to offer the token as a loyalty reward. The token can also been used as a currency to pay in the network or exchange & swapped for fiat or other tokens on the DEX.
Collateral Backed Ratio (CBR)
The SOF token is fully backed by the utility token HBAR as collateral.
The CBR represents the backed value of the SOF token. It is a reference for people to know when the next badge of backed SOF tokens will come into circulation. A backed currency create trust and stability.
The CBR increases as more SOF tokens are backed by HBAR reserves and added to the liquidity pool on a DEX.
CBR 93% = 93% of the SOF tokens of that badge are in circulation & backed by HBAR liquidity.
When the CBR reach 100% the protocol will trigger the DRIP Protocol and start with the release of the next badge of SOF tokens to the Emission Wallet (Ew): 0.0.1237023.
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