Sovryn, a Bitcoin-based decentralized finance (DeFi) protocol, announced that they have officially raised $2.5 million in their token pre-sale. The pre-sale was reserved for its community, wherein they got first dibs on the SOV token.

Sovryn will launch the tokens next month. A month back in December, Sovryn had raised $2.1M from venture firms like Collider Ventures and Monday Capital.

Long-term Development Preferred Over Short-term Gains

The capital raised is earmarked for…

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