Definition of SoV
In crypto SoV is an abbreviation that is often used for Store of Value. Scarcity regarding the tokenomics is a very important factor for crypto investors. A cryptocurrency which is secure and has a fixed supply can be considered a good SoV.
SoV used in a sentence
‘’Bitcoin of gold can be a good SoV, only time will tell which is better!’’
‘’NFT Pioneers and investors tend to believe that NFTs are great SoVs due to the fact that they are scarce and wanted by people.’’
‘’In theory, NFTs can be the greatest SoV ever as rich people tend to be willing to flex on eachother, this implies that the value of the blue chip NFTs is equal to accumulated insecurity of mankind.’’