This is another classic pump and dump token. This is a play off BSV, or Bitcoin Satoshi Vision. Rarely do these types of copycat projects manage to build anything meaningful.

There is a crazy supply and they think the burning tokens will help decrease the pool. If there was greater demand, then maybe. But in this case the trading volume is a whopping $32 and only on Uniswap, so there's nothing going on in this community.

One to avoid, for sure.

Shib Original Vision (SOV) is a cryptocurrency and operates on the Ethereum platform

Shib Original Vision

This is another classic pump and dump token. This is a play off BSV, or Bitcoin Satoshi Vision. Rarely do these types of copycat projects manage to build anything meaningful. 

There is a crazy supply and they think the burning tokens will help decrease the pool. If there was greater demand, then maybe. But in this case the trading volume is a whopping $32 and only on Uniswap, so there's nothing going on in this community. 

One to avoid, for sure.

Tartarian

Shib Original Vision ($SOV), $149M fully diluted market capitalization with 426% ROI in the last 5 days. Current price being $0.000000152380 with 25% growth in the last 24 hours. Token allocation was done with an investment from the Karma DAO, which received 5.5% of the token supply in exchange from what appears to be an investment of $500K, but all tokens were airdropped without anyone except Karma DAO having to pay to get the tokens. Current liquidities on Uniswap are $2.36M, so half is in ETH ($1.18M), but since the price has accrued by 426%, we can calculate what were the initial liquidities of the “bank”. Bounding Curves on Uniswap follow the formula X*Y=K, where X = WETH, and Y = $SOV, as well the price of Price(Y) = Y/X, $1.18M in WETH 650 WETH => Y =  $1.18M / $0.000000152380 = 7.7T, so K = 5,030T and since K is a constant, that implies the initial liquidities before the 426% ROI were Price(Y) initial  $0.000000029, which means there was 283 WETH initially  $500K USD. You would think most people who received the airdrop would sell, but a lot do not, and many buy, and possibly others use these mechanisms for money laundering. Overall, the price of $SOV increased resulting in Karma DAO initially risking the $500K to double their investment as well as accruing $8.2M from the 5.5% of the token supply they received from the $500K investment… not a bad day of work. It is also possible that other participants who received $SOV in their airdrop went to add liquidities on the pool, which makes it more difficult to be sure about the initial liquidities, maybe the original project promoter put even less than $500K, one could join their community to ask how much was initially put in liquidities. Now that the project benefits from large trading volume, it makes sense for some individuals to add liquidities to benefit from the yield farming opportunity. This demonstrates that some individuals can generate money from thin air simply because perceived value of transaction volume can actually become real value. In the case of this airdrop, it generated vastly more wealth than the bank currently holds, so at any point in time, if transaction volume starts to drop, and yield farming becomes uninteresting, the price will plummet to the grave. I would assume Karma DAO will at any point in time liquidate their 5.5% stake of the supply, and pull out their liquidities as well for a hefty profit.

Shib Original Vision ($SOV), $149M fully diluted market capitalization with 426% ROI in the last 5 days. Current price being $0.000000152380 with 25% growth in the last 24 hours. Token allocation was done with an investment from the Karma DAO, which received 5.5% of the token supply in exchange from what appears to be an investment of $500K, but all tokens were airdropped without anyone except Karma DAO having to pay to get the tokens. Current liquidities on Uniswap are $2.36M, so half is in ETH (~$1.18M), but since the price has accrued by 426%, we can calculate what were the initial liquidities of the “bank”. Bounding Curves on Uniswap follow the formula X*Y=K, where X = WETH, and Y = $SOV, as well the price of Price(Y) = Y/X, $1.18M in WETH ~650 WETH => Y =  $1.18M / $0.000000152380 = 7.7T, so K = 5,030T and since K is a constant, that implies the initial liquidities before the 426% ROI were Price(Y) initial ~ $0.000000029, which means there was 283 WETH initially ~ $500K USD. You would think most people who received the airdrop would sell, but a lot do not, and many buy, and possibly others use these mechanisms for money laundering. Overall, the price of $SOV increased resulting in Karma DAO initially risking the $500K to double their investment as well as accruing $8.2M from the 5.5% of the token supply they received from the $500K investment… not a bad day of work. It is also possible that other participants who received $SOV in their airdrop went to add liquidities on the pool, which makes it more difficult to be sure about the initial liquidities, maybe the original project promoter put even less than $500K, one could join their community to ask how much was initially put in liquidities. Now that the project benefits from large trading volume, it makes sense for some individuals to add liquidities to benefit from the yield farming opportunity. This demonstrates that some individuals can generate money from thin air simply because perceived value of transaction volume can actually become real value. In the case of this airdrop, it generated vastly more wealth than the bank currently holds, so at any point in time, if transaction volume starts to drop, and yield farming becomes uninteresting, the price will plummet to the grave. I would assume Karma DAO will at any point in time liquidate their 5.5% stake of the supply, and pull out their liquidities as well for a hefty profit.

Shib Original Vision SOV