An Overview of the Savix project, a Platfom that is set ro Redifine Passive Income
Decentralized Finance (DeFi) is one of the most promising markets in blockchain technology. The demand for financial services on decentralized technology is increasing day by day. The confident expectations about the potential of this technology are widely proven by the fact that the key value in DeFi has increased by around 250% since the beginning of 2020. Predominantly a innovations on the Ethereum network allow users loan, easy to use platform and a wide range of transaction values.
However, DeFi is still primitive in terms of the value it can deliver. Aside from the unlimited possibilities across different protocols, there are still alot of problems to be addressed in these protocols. Therefore, there is a need for a revolutionary application that can make joining the DeFi market as simple as logging into an exchange and exchanging assets, where users can access all of their lending needs, loans and deposits. This is definitely a revolutionary platform. Savix an exceptional virtual currency which is one of a kind, savix gives the opportunity to profit from staking rewards while keeping token unlocked and liquid, and it is freely available for use in any DeFi product at the same time.
ABOUT SAVIX
Savix is the first self-staking token with a staking mechanism embedded into the ERC20 protocol. The Savix project aims at making decentralized finance products available to non-tech-savvy users. The Savix token enables gas-free automatic staking rewards. With Savix a virtual currency is now available for the first time, which gives the opportunity to profit from staking rewards while keeping token unlocked and liquid, freely available for use in any DeFi product at the same time.
Savix's main objective is to let users profit as much as possible from the new investment opportunities created by decentralized finance with as less barriers as possible. Therefore users combine multiple income streams while keeping full flexibility of token usage. The staking mechanism built into the Savix protocol works without any need for user actions. Users don’t have to lock their tokens and don’t have to claim their rewards since the staking process works completely automated.
PLATFORM UNIQUE FEATURES
MULTI-BENEFICIARY
Since Protocol Embedded Staking (PES) gives room for complete availability of token usage in other DeFi products, user rewards can be “doubled” using Savix. This way staking rewards are an extra Layer of passive income. The upcoming liquidity incentive program “Trinary” will offer Savix holders another exclusive additional income stream.
CONVINIENT
Savix staking is embedded within standard ERC20 transfer functions and is fully automated and 100% passive and there is absolutely no need for user of the platform decisions or interactions to receive rewards.
FLEXIBLE
Savix is compatible with any Ethereum based DeFi project. Savix coins can also be used like all standard ERC20 tokens for pooling, lending, yield farming, mining and many more, and the interesting thing is the continuous yielding of additional staking tokens to holders.
FAIR
Savix protocol set staking evenly adjust all balances according to the set supply development curve. No preference regardless is given to any specific holder. All wallets addresses are treated in the same way, independent of balances, transaction volume or other parameters.
TRANSPARENT
Savix sources are transparent. All program codes and contracts are made available through Github and can be followed up and tested by anybody. considering the single contract deployment any manipulation of the contract logic or maximum supply is impossible, no minting of additional coins. Staking rewards are fully clear and predictable.
STABLE
With Savix there are no 0ther reward releasing program at the end of locking periods which could generate cyclical dumps. Except for market reasons selling Savix is never easier or more profitable at any specific point in time, creating a less volatility.
INDEPENDENT
With Savix you remain independent because the tokens always stay liquid while earning rewards (no locking) and can be freely moved or invested into DeFi products
These unique features are made possible by the Protocol Embedded Staking (PES), which gives the possibility of investing in highly profitable DeFi products with a predictable backing by conservative staking at the same time. This is just interesting.
TOKEN DETAILS
Since using DeFi applications for example, participating in Uniswap liquidity pools is a main usage scenario for the Savix token, an implementation as ERC-20 token is required. Non-fungible tokens may play an important role within future concepts and the ERC-721 or ERC-1155 standards may come into use for future developments as well.
However, the Savix token itself will remain untouched by all future developments. These will be designed as separate contracts interacting with the Savix original contract.
The immutability of the Savix contract implementation is guaranteed and an important part of Savix`s trust building concept:
Absolute transparency and liability of contract code due to single contract deployment (no unforeseen changes whatsoever can be made to the staking parameters).
Absolute transparency and liability of staking rewards due to non-dilutive staking rewards defined by an immutable supply map (future interest rates can be exactly predicted)
Absolute accuracy and transparency of total circulation supply. The circulating token supply is always identical to the total supply of tokens, there are no tokens held back in any way. The only exception are unsold tokens during the presale (6 month locking time)
Savix “Trinary” will be the first element of this Dapp demonstrating the power of ERC20 embedded staking:
Users receive ETH for providing liquidity on automated market making platforms (AMMs) like Uniswap. The more liquidity you provide, and for longer, the greater share of the ETH pool you receive.
FEATURES
The first predictable embedded staking
Gas-free staking rewards directly to users wallet.
Can be combined with other DEFI projects.
Products that are ready to run and audited.
Profitable with 85%APY for the first year.
Token Details
The introductory price of the SVX token at the market will be 50 SVX / ETH. A private sale will not be executed. Public presale will be spilt into three phases, each phase – and possible sub-phase – having different discounts and processors. The public sale will start at Uniswap first and then be extended to traditional exchanges for increasing the reach of the token.
Ticker: SVX
Platform: Ethereum.
Token type: ERC-20
Available: 70,000 SVX (70%)
Total supply: 100,000 SVX.
IEO price: 1 SVX = 0.0166 ETH.
Accepted currencies: ETH
Bonuses: 20% discount.
Unsold tokens will be transferred to the next stages of pre-sale preparation.
Presale exchange rate: 1 ETH = 60 SVX.
Adjustment February 4, 2021: Additional bonus of 10% (10SVX / ETH) taken from the ecosystem fund.
Token contract address: 0x8a6e8e9f7d61e97bde7e66336dbeea4fcbb388ae
Presale will end on February 8, 2021 or when the maximum amount of ETH is increased.
Minimum contribution: 0.1 ETH
Maximum contribution: 15 ETH.
Token Distribution and Budget Distribution
Budget Allocation
36% Uniswap Liquidity
7% Ecosystem Fund
30% Further Development
17% Marketing
10% Reserve
Uniswap Liquidity Pool
Shortly after the presale, we will host Savix on Uniswap for public trading.
Starting price: 1 ETH = 50 SVX.
Estimated liquidity (presale target achieved): ~ $ 800,000–1,000,000 (depends on Ethereum volatility)
Estimated market capitalization: ~ $ 1,800,000 - $ 1,900,000.
The Uniswap pool will be locked for 6 months - long enough to gain the trust of the community. Locking the pool longer than necessary poses a certain liquidity risk should the Savix contract need to be renewed or rescheduled in the future.
Trinary Details
Uniswap Rewards
There is a 0.3% fee for swapping tokens on Uniswap. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. It is functioning as a payout to all liquidity providers proportional to their share of the pool.
Staking rewards
In addition, you will earn Savix staking rewards from the embedded staking protocol while your tokens get used as liquidity.
Trinary rewards
Whenever liquidity is deposited into a uniswap pool, special tokens known as liquidity tokens are minted to the provider’s address, in proportion to how much liquidity they contributed to the pool. These tokens are a representation of a liquidity provider’s contribution to a pool. With Savix “Trinary” it is possible to deposit Savix liquidity tokens for up to 6 month to receive yet another reward layer: ETH from our Ecosystem Fund. We expect a return of 7% to 15% of the initial investment directly paid in ETH over the first 6 month.
CONCLUSIVELY, Savix revolutionary paltform enable users to benefit as much as possible from the new investment opportunities created by decentralized finance platform with as few restrictions as possible. Staking is fully automated while maintaining full flexibility in token use. Using multiple Savix revenue streams can be combined. This is one of a kind as the platform is reliable and trusted with a extremely experienced team.
RoadMap
PARTNERS
FOR MORE INFORMATION DO NOT HESITATE TO VISIT THE LINKS I HAVE PROVIDED BELOW;
Website: https://savix.org
Telegram: https://t.me/savix_org
Twitter: https://twitter.com/savix_org
White Paper: https://savix.org/wp -content / uploads / 2020/11 / SAVIX_Whitepaper.pdf
Medium: https://anatol69.medium.com
Github: https://github.com/SavixOrg
Author: SheyCrypto
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2212407
ETH ADDRESS: 0x58e6cFA372745F56dCD9220655f93B996f8a102a
Telegram Username: @sheyeva