> For the complete documentation index, see [llms.txt](https://eos-sov.gitbook.io/eos-sov-en/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://eos-sov.gitbook.io/eos-sov-en/sov/1.-introduction-to-sov/what-is-sov.md).

# What is SOV?

SOV: A Deflationary Peer-to-Peer Asset founded on the EOSIO Protocol

SOV is a first of its kind digital asset. Unlike typical fiat currencies and cryptocurrencies, SOV has a 3 phase, 21 stage variable deflation schedule. The first phase is designed for accumulators, the second for hodlers, and the third for everyday users. SOV can trade in the thousands of TPS on Decentralized Exchanges with unbreakable encryption due to the EOSIO Blockchain Protocol.

Note : EOSIO was the blockchain protocol previously used in EOS. Now EOS and all former EOSIO-based blockchains have migrated to the Antelope protocol.