Applications in decentralized finance are one of the most important areas of use for digital currencies today. With the help of a convenient platform like Uniswap, users can easily use innovative financial products based on Distributed Ledger Technologies (DLT). The digital currencies used for this purpose should be transferred to the respective ledgers where the desired financial instruments are mapped. Tokens used in this manner are temporarily “locked” and therefore cannot concurrently participate in the staking protocol. The user has to make a decision, in other words, whether he is investing his money conservatively and safely by risking or is more risk-conscious with a greater likelihood of profit using DeFi products. With Savix, virtual currency is now available for the first time.
About the SAVIX Project?
The perfect collateral for DeFi
With Savix, a virtual currency is now available for the first time, which provides an opportunity to benefit from staking rewards while still unlocking tokens and liquid, available for free to use on any DeFi product at the same time.
Benefits for Currency Holders
Savix is the best guarantee for decentralized finance because it is
Since the Embedded Staking (PES) Protocol allows full availability of token use in other DeFi products, rewards can be “doubled” using Savix. In this way, staking rewards are an added layer of passive income. The upcoming “Trinary” liquidity incentive program (see 7) will offer Savix holders a different additional income stream.
Savix bets are embedded in the standard ERC20 transfer function and are fully automatic and 100% passive with no user decision or interaction necessary to receive the prize.
Savix is compatible with Ethereum based DeFi projects. Savix Coins can be used like all standard ERC20 tokens to collect, lend, generate farms, mine and so on, all of this while continuing to generate additional staking tokens to holders.
The embedded Savix protocol stakes evenly adjusts all balances according to the embedded offer development curve (see 3). No preference of any kind is given to any particular holder. All wallets are treated the same way, regardless of balance, transaction volume or other parameters.
Open source Savix. All program code and contracts are available via Github and can be checked and tested by anyone. Due to the implementation of a single contract, manipulation of the logic of the contract or the maximum supply is not possible, there is no additional minting of coins. Bet prizes are fully transparent and predictable.
With Savix no reward release event at the end of the lock-up period can result in a cyclic dump. Except for market reasons, selling Savix has never been easier or more profitable at any given point in time, creating less volatility.
With Savix you remain independent because tokens are always liquid while earning prizes (without locks) and can be freely transferred or invested into DeFi products
These features are made possible by the unique Embedded Staking (PES) Protocol, which implies the possibility of investing in a very profitable DeFi product with predictable support for conservative stakes at the same time.
Savix features in a nutshell:
- embedded protocol staking
- compatible with any DeFi project
- fully automatic – 100% passive
- unique project (no copy / paste)
- real time rewards
- an extra layer of passive income
- a fully transparent working mechanism
- stable to manipulation
- working product ready for deployment
Using Savix, investors can receive three times the rewards:
√ ETH and Savix from Uniswap fees
√ Savix from ERC20 embedded staking protocol
√ ETH from Savix “Trinary” Pool
PROTOCOL EMBEDDED STAKING (PES)
In order to realize the staking features mentioned above, a staking mechanic has been built into the ERC20 protocol. The algorithm works by inflating the total token supply on a regular basis according to the mathematical logic implemented into the smart contract. The account balance is determined by the respective share of the total supply thus guaranteeing a non-dilutive allocation of tokens. In this way, the relative betting advantage is and remains the same for all accounts regardless of user-related size and parameters such as bet duration, bet pool selection, etc.
The mathematical logic that forms the basis of the Savix embedded staking protocol follows the following characteristics:
*A transparent supply calculation can be predicted by investors
*Stability of calculations on user behavior and network effects
*The effectiveness of calculations regarding computational power and transaction costs
The following diagram shows the normalized Savix supply curve to a total supply of 1.
For setting up some of the buy-and-hold incentives that kickstart the ecosystem, early investors are rewarded with a daily interest rate of over 2% in the first days after betting starts. If you start with 100 Savix (SVX) investments that you earned before the staking mechanism was activated (immediately after Uniswap trading started), you can expect the rewards according to the following table:
TOKENONMICS & TOKEN SALE
The introductory price of the SVX token on the market is 50 SVX / ETH. Private sales will not be executed. The public pre-sale will be divided into three phases, each phase – and possibly sub-phases – has a different discount and processor. The public sale will start at Uniswap first and then expand to traditional exchanges to increase the token reach.
Token Distribution & Budget Allocation
- 5% Initial Public Presale
- 15% IEO Exmarkets
- Savic Whitepaper – Version # 2.0
- Page 14
- 15% IEO Latoken
- 30% 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
Initial Public Presale
General characteristics of early public presales:
Tujuan presale adalah untuk meningkatkan maksimal 83 Ethereum tanpa minimum. Savix didanai secara pribadi dan sudah menunjukkan produk yang berfungsi dengan kontrak pintar (internal) diaudit. Kontribusi dari presale awal akan digunakan untuk pengembangan berikutnya, audit eksternal, pemasaran dan kemitraan.
Token yang tidak terjual akan dipindahkan ke fase pra-penjualan berikutnya
- Presale Exchange Rate: 1 ETH = 60 SVX
- Adjustment on 4 February 2021: Additional 10% bonus (10SVX / ETH) taken from ecosystem funds
- Token contract address: 0x8a6e8e9f7d61e97bde7e66336dbeea4fcbb388ae
- The presale will finish on 8 Feb 2021 or when the maximum amount of ETH is raised.
- Minimum Contribution: 0.1 ETH
- Maximum Contribution: 15 ETH
- Uniswap Liquidity Collection
Immediately after the presale we will list Savix on Uniswap for public trading.
- Starting Price: 1 ETH = 50 SVX
- Estimated Liquidity (Pre-sale Target Reached): ~ 800,000 – 1,000,000 USD (Depends on Ethereum volatility)
- Estimated Market Capitalization: ~ 1,800,000 – 1,900,000 USD
The Uniswap pool will be locked for 6 months, long enough to build trust with the community. Locking in pools for longer than necessary poses a particular risk to liquidity if Savix contracts need to be renewed or migrated in the future.
The Savix project aims to make decentralized financial products available to non-tech-savvy users. The Savix token allows gas-free automatic staking rewards.
Learn more about this project:
Medium : https://anatol69.medium.com/
Github : https://github.com/SavixOrg
Bitcointalk Unsername: Mame89
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=924342
ETH Wallet address: 0x079549B932Dd97De3E8EFAFE822b9eF70B77A4Ce