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Savix Project a Decentralized Finance

 Introduction

This project is a platform that introduces good decentralized standards and in doing so will cause a breakthrough to be registered coming from blockchain technology. Blockchain as it has contributed a lot to the world financial system and even today, the full potential of this great innovation has not been fully exploited due to its breadth. Even at that time, there were still notable advances and the cryptocurrency that was formed from this technology continued to gain recognition and adoption by all industries to improve the financial system and provide the people with desire. With all this, there still needs to be a level of control, and a solution, that is needed to drive effectiveness, system immutability, and transparency. However, the function of blockchain has not yet reached its full potential, there are still many things that must be done by developers in order for blockchain to reach its full potential,and Savix is a real project. lets join>

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Introduction

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.

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Advantages For Currency Holders

Savix is the best collateral for decentralized finance because, it is

  1. Multi-Beneficiary : Since Protocol Embedded Staking (PES) allows complete availability of token usage in other DeFi products, rewards can be “doubled” using Savix. This way staking rewards are 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 (see 3). 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 a less volatility.
  7. Independent : With Savix you stay independent because the tokens always stay liquid while earning rewards (no locking) and can be freely moved or invested into DeFi products

These features are made possible by the unique Protocol Embedded Staking (PES), which implies the possibility of investing in highly profitable DeFi products with a predictable backing by conservative staking at the same time.

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Savix Features In Short:

  1. protocol embedded staking
  2. compatible with any DeFi project
  3. fully automated — 100% passive
  4. unique project (no copy/paste)
  5. real time rewards
  6. extra layer of passive income
  7. fully transparent working mechanism
  8. stable against manipulation
  9. 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
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PROTOCOL EMBEDDED STAKING (PES)

In order to realize the staking features mentioned above the staking mechanic has been embedded into the ERC20 protocol. The algorithm works by regularly inflating the total token supply according to a mathematical logic implemented into the smart contract. Account balances are defined by their individual share of the total supply thus guaranteeing a non-dilutive allocation of tokens. This way the relative staking profit is and remains equal for all accounts independent of size and user related parameters like staking duration, choice of staking pool etc.

The mathematical logic forming the basis of Savix’s protocol embedded staking follows the following characteristics:

  • Transparent supply calculation predictable for investors
  • Stability of the calculation towards user behavior and network effects
  • Effectiveness of the calculation regarding computing power and transaction costs
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The following diagram shows the Savix supply curve normalized to a total supply of 1

To set some buying and holding incentives kick-starting the ecosystem early investors are rewarded with daily interest rates of more than 2% within the first days after the staking starts. If you start with an investment of 100 Savix (SVX) you acquire before the staking mechanism is activated (directly after Uniswap trading has begun), you can expect rewards according to the table as follows:

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TOKENONMICS & 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.

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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
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BUDGET ALLOCATION (ETH):

  • 36% Uniswap Liquidity
  • 7% Ecosystem Fund
  • 30% Further Development
  • 17% Marketing
  • 10% Reserve
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GENERAL CHARACTERISTICS OF THE INITIAL PUBLIC PRESALE:

The presale goal is to raise a maximum of 83 Ethereum without a minimum. Savix is privately funded and already shows a working product with (internally) audited smart contract. Contributions of the initial presale will be used for next developments, external audit(s), marketing and partnerships.

Unsold tokens will be moved on to the next presale phases.

  • Presale Exchange Rate: 1 ETH = 60 SVX
  • Adjustment on Feb 4th 2021: Additional bonus of 10% (10SVX/ETH) taken from ecosystem fund
  • Token contract address: 0x8a6e8e9f7d61e97bde7e66336dbeea4fcbb388ae
  • Presale will complete on Feb 8th 2021 or when the maximum amount of ETH is raised.
  • Minimum Contribution: 0.1 ETH
  • Maximum Contribution: 15 ETH
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Uniswap Liquidity Pool

Shortly after the presale we will list Savix on Uniswap for public trading.

  • Initial Price: 1 ETH = 50 SVX
  • Estimated Liquidity (Presale Goal Reached): ~ 800.000–1.000.000 USD (Depends on Ethereum volatility)
  • Estimated Market Cap: ~ 1.800.000–1.900.000 USD

The Uniswap Pool will be locked for 6 month, long enough to build trust with the community. Locking the pool longer than necessary represents a certain risk to the liquidity in case the Savix contract needs to be updated or migrated in the future.

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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.

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ACCURATE INFORMATION

  • #Savix #Blockchain #Cryptoqurrency #Defi #Tokensale #IEO

Author

Forum Username : Bojokunakal
Forum Profile Link : https://bitcointalk.org/index.php?action=profile;u=2887272
Telegram Username : @hendrypends
ETH Wallet Address : 0xbc9d3dda973a104c22e9873fa70e88fe5bc89f81

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