## The Dawn of Governance: Announcing the Sovryn Genesis Sale
Community Call #22 was a highly anticipated event, officially announcing the details of the **Sovryn Genesis Sale**. This event marked the first opportunity for the public to acquire the SOV governance token and become founding stakeholders in the Sovryn protocol.
### Why a Genesis Sale?
The Genesis Sale had two primary objectives:
1. **Decentralize Governance:** The most important goal was to distribute the SOV token to a wide and diverse group of community members from around the world. A broad distribution is essential for creating a resilient and credibly neutral decentralized governance system.
2. **Bootstrap the Treasury:** The event was also a capital raise, with the Bitcoin collected from the sale forming the initial seed capital for the Sovryn Treasury. These funds would provide the multi-year runway needed for the continued development and growth of the protocol.
### Mechanics of the Sale
The team outlined the structure of the sale, which was designed to be fair and transparent:
* **Platform:** The sale was conducted directly on the Sovryn dApp, ensuring a native and secure experience.
* **Contribution Asset:** Participants contributed Bitcoin (BTC) in exchange for SOV tokens.
* **Pricing:** The sale used a fixed-price model, ensuring all participants received the same rate.
* **Vesting:** To encourage long-term alignment and prevent short-term speculation, all tokens sold in the Genesis event were subject to a 10-month linear vesting schedule. This means participants would receive their tokens gradually over time.
* **Whitelist:** Early and active community members were given the opportunity to join a whitelist, granting them early access to the sale.
### A Call to the Community
The Genesis Sale was more than just a token sale; it was an invitation to the community to become co-owners and builders of the Sovryn ecosystem. The team made a call to all believers in a decentralized financial future on Bitcoin to participate, not just as investors, but as the future governors of this community-owned protocol. The event marked the true beginning of the Sovryn DAO.