Sovran Network Launch - Sovnet NEWS article

Sovnet, the provider of Sovran, will debut its live Network to early access Members. Now is an exciting and pivotal time for our company and our mission to provide a new standard of financial freedom for our members worldwide.
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The account everyone has been waiting for: A private, ultra-fast transfer and settlement account capable of sending 1 million transactions per minute, with instant verification on Sovran’s Network.

Sovran takes the advantages provided by banking and blockchain technologies and combines them to create non-bank current accounts for its members that are highly secure, private, and without restrictive monetary policies.

With Sovran, members can transfer any amount in Sovran Currency to each other in a second or less with zero transaction fees.

Annual Membership Fees

Sovran Member Account

$90.00/year
Here, members can access their private account to hold, transfer and spend Sovran Stablecoins (SVC). Members can deposit almost any currency, cash or crypto, and instantly exchange for private SVC currency. The annual fee for an active Sovran Member account is $90.00 USD and enables unlimited access to Sovran Account Membership Services.
SVC can, in turn, purchase other Sovran Digital Assets as they’re made available on the Network, including the first two digital tokens, the Sovran Network Token (SVN) and the Sovran Shopping Club Token (SSC)1. Members can also settle transactions in SVC for point of sale by accessing the Sovran QR for closed-loop settlements and the Sovran Debit Card for open-loop payments. Please follow the latest news and updates for the Sovran Debit Card Program and more here
To sign up for early access now, please download the Sovran App below:
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Web version available February 15th, 2022

Member Signup

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The Sovran Network App and Web Membership is the only choice for this selection and provides you with a Sovran Network account to hold, transfer, spend Sovran Digital currency and hold Sovran Digital Tokens instantly and privately.
Choose your option that best suits your needs, and then visit the payment page for your purchase. Once approved, you will be given login credentials and a Sovran User ID that will be your permanent user ID with the Sovran Network. This user ID is how everyone on the Sovran Network and Sovran Shopping Club will identify you to receive transactions, earn rewards, and purchase goods and services now and in the future.

SVN Tokens

SVN is the Master Digital Asset for the Sovran Network ecosystem. There are only 100 million tokens in SVN available, and out of those, only 5% will be open to the public. SVN will increase its value proposition with the performance and growth of the Sovran Ecosystem and almost all present and future functions that are performed and facilitated on the Sovran Network ecosystem. Tokenization of commodities, NFT programs, and various projects are still in the planning stages of development. SVN is deemed the most valuable digital asset of the Sovran Network.

SVN Token Acquisition

An Active Member’s Sovran Network account can purchase up to 1000 SVC worth of SVN tokens for a limited time!
This offer will end on December 31st, 2022, or any time before the remaining 5% of SVN tokens are purchased. After this, Member acquisition of SVN will only be possible if existing SVN token holders sell their SVN back to the Sovran Network. SVN tokens will only then be available at the current market price, which will be a minimum of 25:1 or more.
The SVN Token Phases are as follows:
Current price in phase 2 is 2.5:1 SVC/SVN

SVN Token Phases

  • Phase 1 (Closed)

    Price: 1:1

    Hardcap: 750,000 SVN

    SVN supply for 1000 SVC: 1000 SVN

  • Phase 2

    Price: 2.5:1

    Hardcap: 750,000 SVN

    SVN supply for 1000 SVC: 400 SVN

  • Phase 3

    Price: 5:1

    Hardcap: 750,000 SVN

    SVN supply for 1000 SVC: 200 SVN

  • Phase 4

    Price: 10:1

    Hardcap: 750,000 SVN

    SVN supply for 1000 SVC: 100 SVN

  • Phase 5

    Price: 15:1

    Hardcap: 750,000 SVN

    SVN supply for 1000 SVC: 66.7 SVN

  • Phase 6

    Price: 20:1

    Hardcap: 750,000 SVN

    SVN supply for 1000 SVC: 50 SVN

  • Phase 7

    Price: 25:1

    Hardcap: 500,000 SVN

    SVN supply for 1000 SVC: 40 SVN

Thank you to all early adopters, Sovran, for your patience during these critical times of our Network’s evolution. We are now ready to bring this to the people and deliver on our promise of providing Financial Services to the New World!