I know I'm resurrecting a long dead post here, but just I just need to jump in and comment.

The thing about deflationary projects is that most people on the planet have never experienced them. All we know and have experienced is inflationary currencies. I don’t know of many other deflationary projects in existence...

Anyone who has dealt with Bitcoin has dealt with a deflationary currency. Any time the supply is reduced (or new supplies restricted as is the case with the halvening), then you have deflation.

In bitcoin's case it has worked out quite well. However much of this is from network effects and first mover advantage. The is such a large user base for bitcoin at the present time that cutting new supplies produces a bullwhip effect in the price.

Bitcoin has not really suffered from the introduction of good enough and even better alternatives, even since litecoin. But this is Bitcoin and the same cannot really be said for other currencies whether their model is inflationary or deflationary.

The fact of the matter is that in order for money to be money and do what money does there have to be users and use cases. Bitcoin has millions perhaps now billions of users globally and you can literally buy anything with it and some locales are now allowing you to even pay taxes in it.

This SOV coin will have a long uphill battle as will any other currency that's trying to differentiate itself solely on some "innovative distribution model".

Just my 2c.