SAVIX Is The DeFi Answer To Traditional Savings Accounts

Applications in the area of decentralized finance are one of the most important fields of use for digital currencies today. With the help of convenient platforms such as Uniswap users can easily use innovative financial products based on Distributed Ledger Technologies (DLT). The digital currencies that are used for this purpose must be transferred to the respective ledger in which the desired financial instrument is mapped. Tokens used this way are temporarily “locked” and therefore cannot simultaneously participate in a staking protocol. The user has to make a decision, so to speak, whether he invests his money conservatively and safely by staking or more risk-consciously with greater possible profit using a DeFi product. With Savix a virtual currency is now available for the first time, which makes it possible to profit from staking rewards while keeping the token unlocked and liquid, freely available for use in any other DeFi product at the same time.

About Savix Project
With Savix a virtual currency is now available for the first time, which makes it possible to profit from staking rewards while keeping the token unlocked and liquid, freely available for use in any DeFi product at the same time.
Protocol Embedded Staking (PES)* used here is deeply anchored in the base code of the currency and does not require any explicit control or triggering by the user. All wallets holding Savix tokens automatically and permanently take part in the staking process.

All contracts and tools needed for deployment are fully developed and in the last steps of internal auditing. At the moment the contracts are running smoothly on the Rinkeby testnet. We plan to switch to mainnet in the beginning of December 2020.

Savix Features

  • Protocol embedded staking
  • Compatible with any DeFi project
  • Fully automated — 100% passive
  • Unique project (no copy/paste)
  • Real time rewards
  • Extra layer of passive income
  • Fully transparent working mechanism
  • Stable against manipulation
  • Working product ready for deployment

Using Savix investors can receive threefold rewards:

  • ETH and Savix from the Uniswap fee share
  • Savix from the ERC20 embedded staking protocol
  • ETH from the Savix “Trinary” Pool

This triple income stream is possible through Savix unique staking protocol only!

We believe that Savix is the best collateral for decentralized finance because, it is

  1. Multi-Beneficiary : Since Protocol Embedded Staking (see next paragraph) allows complete availability of token usage in other DeFi products, rewards can be “doubled” using Savix. This way staking rewards work like an extra Layer of passive income. The upcoming liquidity incentive program “Trinary” (see 7) will offer Savix holders another distinctive additional income stream.
  2. Convenient : Savix staking is embedded within standard ERC20 transfer functions and is fully automated and 100% passive with no need for user decisions or interactions to receive rewards therefore.
  3. Flexible : Savix is compatible with any Ethereum based DeFi project. Savix coins can be used like all standard ERC20 tokens for pooling, lending, yield farming, mining and so on, all this while continuously yielding additional staking tokens to holders.
  4. Fair : Savix protocol embedded staking evenly adjust all balances according to the embedded supply development curve. No preference whatsoever is given to any specific holder. All wallets are treated in the same way, independent of balances, transaction volume or other parameters.
  5. Transparent : Savix sources are open. All program codes and contracts are made available through Github and can be inspected and tested by anybody. Due to single contract deployment any manipulation of the contract logic or maximum supply is impossible, no minting of additional coins. Staking rewards are fully transparent and predictable.
  6. Stable : With Savix there aren’t any reward releasing events 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 less volatility.
  7. Independent : With Savix you stay independent because tokens always stay liquid while earning rewards (no locking) and can be freely moved or invested into other DeFi products.

Tokenomics & Token Sale

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.

Token Distribution & Budget Allocation

  • 5% Initial Public Presale
  • 20% IEO Launchpad
  • 40% Unicrypt Presale
  • 20% Uniswap Liquidity (Public Sale)
  • 7% Ecosystem Fund
  • 3% Bounty Program
  • 5% Team

Budget Allocation(ETH):

  • 36% Uniswap Liquidity
  • 7% Ecosystem Fund
  • 30% Further Development
  • 17% Marketing
  • 10% Reserve

Savis Token Pre-Sale

Roadmap

  • For December 2020 the public token sale and start of the UNiswap liquidity pool is planned.
  • Directly afterwards the development of the Savix trinary Dapp will start along with creating partnerships to other DeFi providers.
  • Approximately in March 2021 a first Alpha version of Trinary should become available.

Conclusion
Savix truly is the best protection coin for decentralized cash, offering complete contributing flexibility and various conservative income streams at the same time. The Savix project targets bringing in decentralized cash things available to non-very much educated customers. The Savix token engages sans gas customized checking rewards. With Savix a virtual money is by and by available curiously, which offers the opportunity to profit by stamping rewards while keeping token opened and liquid, energetically open for use in any DeFi thing at the same time. All wallets holding Savix tokens thus and always partake in the checking cooperation.

To get more information please visit below link :

AUTHOR

 

Comments

Post a Comment

Popular Posts