SAVIX The DeFi Answer To Traditional Savings Accounts
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.
The Vision
Our 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.
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.
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.
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
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.
20% IEO Launchpad
40% Unicrypt Presale
20% Uniswap Liquidity (Public Sale)
7% Ecosystem Fund
3% Bounty Program
5% Team
7% Ecosystem Fund
30% Further Development
17% Marketing
10% Reserve
Platform: Ethereum
Token Type: ERC-20
Available for sale: 70,000 SVX (70%)
Total supply: 100,000 SVX
IEO Price: 1 SVX = 0.0166 ETH
Accepting: ETH
Bonuses: 20% Discount
Initial Public Presale
INFORMATION:
Website: https://savix.org/
Telegram: https://t.me/savix_org
Twitter: https://twitter.com/savix_org
Whitepaper: https://savix.org/wp-content/uploads/2020/11/SAVIX_Whitepaper.pdf
For documents and media see: https://savix.org/media
Medium : https://anatol69.medium.com/
Github : https://github.com/SavixOrg
AUTHOR
Bitcointalk Username: Diego Lopez
Telegram Username: https://t.me/Vinchent13
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2853230
Wallet address: 0x2226451fd9ff0f9f00d1fe020dc0b3426cafb55c
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