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Deflationary assets are tools with powerful potential, but few options exist. Most deflationary assets in existence are in their infancy, with no sustainable alternatives yet. SOV aims to realize and explore the potential of this sustainable deflationary asset through smart contracts. SOV is described as a peer-to-peer decentralized digital asset based on a variable-speed deflation model that can conduct large-scale transfers around the world, which is most appropriate. This is achieved by using the infinitely scalable EOSIO protocol and its transaction speed of thousands of transactions per second per thread.
In addition to performance, the use of the EOSIO protocol provides greater security, decentralization and programmability. On the other hand, the EOS mainnet was chosen because its platform token, EOS, is a utility token with unlimited inflation. Looking back at history, similar models are often able to stimulate transactions, but lack the ability to store value. The excellent initial use cases provided by the EOS mainnet provide strong support for SOV and its smart deflation model.