Congratulations, Your Account is Getting a Free Upgrade!
Hello Sovran’s
All Sovran accounts were recently upgraded to our new Gold-backed currency with a new look and a few new services. Look for a follow up email sometime tomorrow for more new features on the way.
Many of you who held SVC stable coins or have purchased Sovran Network tokens (SVN) and Sovran Shopping Club tokens (SSC) had these assets accessible in an older version of the Sovran e-wallet, which is being converted to the New and improved system.
Below is an example of your old account e-wallet:
Other than the SVN tokens, all Sovran assets have been migrated to the New Sovran Gold account e-wallet, which is designed to hold digital assets in a gold-backed currency and where existing cash and cryptocurrencies can be converted into Sovran Gold digital currency (SOVAU)
The New Sovran Gold e-wallet is shown in the example below:
The migration of your existing account is complete! As of today, our team has successfully transferred your SVC stable coins and SSC tokens, all your remaining rewards and membership fees to the new e-wallets. You can now view your gold-back SOVAU currency by visiting the Sovran Gold account below.
What’s available with your Sovran Gold account?
- Free access to your account and all your digital assets.
- The ability to hold SOVAU, a cryptocurrency representing physical gold in digital form.
- Access to lucrative Staking services to earn interest on your SOVAU principal.
- Access to *TSG debit Mastercard services where you can spend digital gold for everyday purchases.
- Access to earn higher promotional Staking interest in new development projects such as Sovran Merchants, Sovran Rewards, Sovran Exchange and more.
*TSG debit Mastercard services available soon.
You can now enjoy being a member of Sovran with all our services accessible through a single account. No more multiple websites and logins to access your wallet, merchants, your rewards, or the exchange! Once the wallet migration is fully complete, the Sovnet – Sovran Shopping Club e-wallets will be closed.
FAQ
What will happen to my SVC stablecoin currency?
If there was any remaining SVC currency inside your old e-wallet, it was migrated and automatically converted into SOVAU at the real-time spot market price of gold. Sovran has performed this process automatically, and you do not need to do anything.
What will happen to my Sovran Shopping Club Tokens (SSC)?
All you SSC tokens have been converted at their “second phase” value of 0.35 CHF into SOVAU at the current spot market price of gold.
What happens to the members that I referred in the existing Shopping Club Referral Rewards system (SSC Members)?
All your referrals will be properly tracked and allocated in the new Sovran Merchant Rewards program, and you will not be required to do anything.
What happens to the funds I’ve used to pay for my previous SSC monthly and annual memberships?
If there are any outstanding balances from your monthly and annual memberships for the Sovran Shopping Club, they have also been converted to the SOVAU gold currency.
Do I have to pay the one-time fee for the New Sovran Rewards program if I’m an existing SSC Member?
No, the one-time fee of $99.00 is waived for existing SSC Members and Merchants.
If SVC, SVN & SSC are moving away from the Swiss Franc (CHF), what will be used to back these assets?
All assets, currency or otherwise, will move away from the Swiss Franc (CHF) and will be backed by SOVAU (the spot gram price of Gold). SOVAU will be the standard reserve used to back all current and future Sovran digital assets.
I don’t see my SVN tokens in my New Sovran Gold account?
SVN will be migrated to our new blockchain in the near future. If you don’t see your SVN tokens in your new e-wallet you can still access them inside your original account e-wallet here.
Platform Accessibility
You can currently access your Sovran Gold account on our website here.
Please be aware that the Sovran Gold account mobile app is not yet ready for release. We will inform all users once it is available for download. In the meantime, you can login into your Sovran Gold account with your mobile device.
Enjoy your new Sovran Gold account!
Best regards,
Team Sovran!
