SOF

SOF

Hedera › SaucerSwap0.0.1237128

Unclaimed: no project team has verified this token on Hedex yet. Logo and details come from SaucerSwap.

SOF Center is a community driven Belgian organization, operational since 2012, with a network of over 3K members that support global transformation, entrepreneurship, truth, and awareness by guiding people through their processes for personal and spiritual growth. The SoF Community is supported by a native token called SOF. SOF is used by local organizations, businesses, and retail shops who are willing to offer the token as a loyalty reward to customers. The token can also been used as an on-chain medium of exchange, and can be swapped for fiat or other tokens on a DEX. The SOF token is fully backed by the utility token HBAR as collateral. The collateral backed ratio (CBR) represents the backed value of the SOF token. It is a reference for people to know when the next batch of backed SOF tokens will come into circulation. A backed currency creates trust and stability. The CBR increases as more SOF tokens are backed by HBAR reserves and added to the liquidity pool on a DEX. When the CBR reaches 100%, the DRIP protocol will be triggered, which will begin the release of the next batch of SOF tokens to the Emission Wallet.