Frequently Asked Questions

Sovran is a private IT infrastructure designed to facilitate borderless and secure digital transactions for Indigenous communities worldwide. The network supports essential core technologies, including a web-based e-wallet, a stablecoin, and a dynamic QR code system for seamless transfers and settlements.

The Sovran Private Society is a Private Contract Association (PCA) founded on the principles of Autonomy, Integrity, and Self-Determination. It operates as a private jurisdiction designed to support the Indigenous Living World in fostering peace and prosperity.

Key Features:

• Sovran enables its members to conduct safe and secure transactions using a private, gold-backed currency, ensuring protection within a private system.
• The Society operates exclusively within a private indigenous jurisdiction, avoiding interactions with the corporate (public) world to maintain its autonomy and integrity.

To learn more, you can review Sovran’s Articles of Association upon becoming a member.

The Sovran Ledger Protocol (Blockchain) is a Layer-1 protocol engineered from the ground up to deliver an advanced suite of resources for Sovran Member Organizations and their developer communities. It integrates cutting-edge technologies to ensure exceptional security, low latency, and unparalleled transparency.

Stablecoins are digital representations of physical assets or fiat currencies, designed to maintain a stable value. Unlike traditional cryptocurrencies, which are often speculative and volatile, stablecoins are typically pegged to an underlying asset, such as gold or fiat money. For example, the SOVAU Stablecoin (SOVAU) is pegged to gold, allowing users to hold and transact with gold in digital form, making it more convenient for everyday use.

No, each SOVAU is divisible by up to 18 decimal places. This ensures that even as the value of gold rises in the market, holders can still perform microtransactions, such as buying a cup of coffee.

Yes, all gold reserves backing SOVAU coins are regularly audited. The audit reports are made publicly available on the official website, sovau.me.

SOVAU is a native asset built on the Sovran Blockchain, with an initial total supply of 2,000,000 stablecoins (Phase 1). Of this supply, 400,000 SOVAU will be made available for public access during the initial phase. Additionally, SOVAU is BIP44 compliant, enabling seamless management through compatible third-party wallets and exchanges.

SOVAU combines the benefits of owning physical gold with the convenience and innovation of blockchain technology. With SOVAU, you can securely hold, transfer, and exchange gold via a digital wallet, backed entirely by physical gold reserves. Unlike traditional gold ownership, SOVAU eliminates the typical costs and limitations associated with physical gold while offering enhanced flexibility and accessibility.

Key Advantages:

• No Fees: Enjoy gold ownership without the expenses of storage or security typically required for physical gold.
• Borderless: Instantly send digital gold to anyone worldwide with minimal transaction fees.
• Accessible: SOVAU is always available for purchase, overcoming the supply constraints of physical gold.
• Divisible: Each SOVAU stablecoin is divisible up to 18 decimal places, enabling precise transactions that are impossible with physical gold.
• Easy Storage: Say goodbye to vaults—store, transfer, and spend your gold conveniently using a secure digital wallet.
• Price Advantage: SOVAU is priced at the spot market rate, offering significant savings compared to traditional retail gold prices.

SOVAU makes gold ownership modern, seamless, and cost-effective.

Purchasing SOVAU is easy and straightforward. Follow these steps:

• Create an Account

  Visit www.sovau.me and sign up for a free account by completing the simple registration process.

• Choose a Payment Method.

  You can purchase SOVAU using either cash or cryptocurrency. We accept Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT).

• Complete Your Purchase

  • Select the amount of SOVAU Coins you wish to receive.
  • Click the “Convert” button to exchange your chosen cryptocurrency for SOVAU Coins.
  • A deposit address will be provided. Send the correct amount of cryptocurrency to this address.

• Receive Your Coins

  Once your transaction is confirmed on the blockchain, your SOVAU Coins will be deposited into your account automatically.

Two-Factor Authentication (2FA) enhances the security of your SOVAU wallet by adding an extra layer of protection against unauthorized access, even if your login credentials are compromised. By default, 2FA is enabled via email, where a six-digit code is sent to your inbox each time you log in.

For added convenience and security, you can switch to using a mobile authenticator app (OTP) by updating the security settings in your account. This ensures only you can access your wallet, providing peace of mind.

Yes, it is safe to hold SOVAU in your Sovran account. The Sovran Blockchain is designed with a strong focus on security, utilizing patented encryption technology to authenticate and protect data. This ensures a highly secure network environment. Sovran provides one of the safest and most reliable solutions for managing your SOVAU stablecoins.

Yes, you can. While SOVAU operates on the proprietary Sovran Blockchain and requires a Sovran account (e-wallet) for storage and transfers, it is also BIP44 compliant. This means third-party wallet services and exchanges that support BIP44 will be able to store and manage SOVAU.

Additionally, Sovran plans to launch its own Digital Asset Exchange in the near future. This platform will allow users to trade SOVAU alongside many of the most popular cryptocurrencies, further expanding its accessibility.

Sovran is committed to full transparency and does not charge any fees for holding SOVAU, whether for storage or network processing. There are no hidden costs associated with using the Sovran network.

However, when interacting with third-party blockchain assets, such as Bitcoin or Ethereum, you may encounter variable on-chain fees determined by network congestion at the time of the transaction.

Yes, you can redeem SOVAU for cryptocurrency. For third-party crypto redemptions, please contact our Support Center, and a representative will assist you. Funds sent to cryptocurrency accounts outside the Sovran Network will be transferred in USDC or USDT stablecoins.

Sovran is currently upgrading its Digital Exchange platform. Once the upgrade is complete, users will be able to exchange Ethereum and other ERC-20 assets directly within the Sovran Network. Please note that transaction fees will apply to cover the costs associated with public blockchain transfers.

Sovran is a private, members-only service dedicated to safeguarding member privacy. Internally, Sovran does not require KYC/AML verification for its operations.

However, when using certain public services, such as prepaid debit card services or cryptocurrency exchanges, Know Your Customer (KYC) verification is mandatory. These processes are required by the respective public service providers and are independent of Sovran’s internal policies.

For more information, please review our Terms of Service for a comprehensive review of our policies.

A Self-Custody Wallet (Non-Custodial Wallet) functions as a standard blockchain wallet, giving you complete control over your crypto assets. Many blockchain enthusiasts prefer this option for the independence it provides. However, it comes with significant responsibilities.

With a Self-Custody Wallet, you hold your Private Key, which serves as the only access to your wallet and funds. If you lose your Private Key, access to your wallet and assets is permanently lost. It is therefore crucial to securely manage and protect your Private Key.

• Important Note:

  Sovran Network administrators cannot recover your wallet or access your funds without your Private Key. The responsibility for securing and managing your keys rests entirely with you.

While having full control over your finances can feel empowering, it is essential to understand the associated risks. If you lose your Private Key, the funds in your Sovran wallet are irretrievable. Sovran Network cannot be held liable for any loss of funds due to mismanagement of your Private Key.

If you are not confident about managing this responsibility, you can opt for a Custody Wallet, where the Sovran Network manages your Private Keys for you. You can always switch to a Self-Custody Wallet later when you feel more confident in handling your keys.

Sovran Default Wallet

The wallet you receive by default when you sign up for a Sovran account is a Custody Wallet. This is currently the only option provided to members. However, a Non-Custody Wallet option will be introduced in the future for those who prefer full control over their crypto assets.

Yes, Sovran offers a referral program, and all members, whether Basic or Premium, receive a personalized referral link. However, only Premium Members are eligible to earn rewards, which are paid out in SOVAU.

• Basic Members:

  As a Basic Member, you can access and track your referrals, but you won’t earn rewards from them until you upgrade to Premium membership status.

• Premium Members: Premium Members unlock the ability to earn valuable rewards through the referral program.

Upgrade to Premium to take full advantage of the earning opportunities available.

The SOVAU Staking Program allows you to lock your SOVAU for a designated period and earn interest in return. This feature can be easily managed through your Sovran account dashboard.

Staking Options for Premium Members:

As a Premium Member, you can stake all or a portion of your SOVAU for a fixed term and earn attractive annual percentage yields (APY) based on the staking duration:

• 1-Year Staking: 4% APY
• 2-Year Staking: 6% APY
• 3-Year Staking: 8% APY

Key Details:

• Interest is calculated annually and paid out at the end of the staking term.
• Occasionally, Sovran may offer promotional staking rates, providing even greater rewards.

Before staking your SOVAU, carefully review all available options to choose the best fit for your financial goals.