Review Svix is a good guarantee for decentralized finance

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With Savix, a virtual currency is now available for the first time, which makes it possible to benefit from staking rewards while keeping the tokens open and liquid, available for free to use on any DeFi product at the same time.

The Embedded Staking (PES) * protocol used here is deeply embedded in the base currency code and requires no explicit user control or triggering. All wallets holding Savix tokens automatically and permanently take part in the betting process.

All contracts and tools necessary for implementation are fully developed and in the final step of internal audit. Currently the contract is running smoothly on the Rinkeby testnet. We plan to switch to mainnet in early December 2020.

Description

  • Predictable self-staking protocol
  • Gas free gifts straight to your wallet
  • Compatible with any DeFi project
  • Fully automatic - 100% passive
  • Multiple layers of passive income

Vision

Our main goal is to enable users to benefit as much as possible from the new investment opportunities created by decentralized finance with as few constraints as possible. Staking is fully automated while maintaining full flexibility in token use. Using multiple Savix revenue streams can be combined.

We believe, Savix is ​​a good guarantee for decentralized finance because, it is:

  • Multi Beneficiaries
    allows multiple simultaneous profit opportunities
  • Comfortable
    100% passive with no decision or user interaction required
  • Flexible
    compatible with Ethereum based DeFi project
  • Fair
    adjust the balance on a "non-dilutive" basis, not prioritizing large holdings
  • Transparent
    supply is open-source, unambiguous and non-manipulable
  • Stable
    does not create sales incentives after the lockout period

Savix Trinary: 3 Revenue streams described
Savix “Trinary” will be our first Dapp to demonstrate the power of our ERC20 staking protocol. Users receive three different income streams using one easy-to-use DeFi Dapp.

1. Betting a prize
SVX holders get Savix staking rewards from the embedded staking protocol while tokens are used as liquidity.

2. Uniswap Rewards
There is a 0.3% fee to exchange tokens at Uniswap. This fee is shared by the liquidity provider in proportion to its contribution to the liquidity reserve. It serves as a payment to all liquidity providers in proportion to their share of the pool.

3. The trinary award
Whenever liquidity is deposited into a uniswap pool, a special token known as a liquidity token is printed to the address of the provider, in proportion to how much liquidity they contribute to the pool. This token is a representation of the contribution of the liquidity provider to a pool. With Savix “Trinary” it is possible to store savix liquidity tokens for up to 6 months to receive another layer of rewards: ETH from our ecosystem pool. We expect a return of 7% to 15% of the initial investment paid directly in ETH during the first 6 months.

Savix Staking Rewards - Example of Calculation
A chronologically established bidding curve allows precise prediction of the reward staked for any point in time. This absolute transparency leads to the fact that no specific stimulus for token dumps appears at any given moment. This is one important difference from traditional pool-based staking methods.

The total supply is recalculated with each token transfer executed by the smart contract. This way the staking mechanism runs without an external trigger. All Savix balances will grow to 3 times the initial investment during the first 5 years.

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:

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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 processing. The public sale will start at Uniswap first and then expand to traditional exchanges to increase the token reach.

Detail

  • Pre-sale: 25 Jan 2021 - 21 Feb 2021
  • Pre-sale token supply: 70,000 SVX
  • Token supply: 100,000 SVX
  • Total tokens for sale: 80,000 SVX

Law

  • Blockchain platform: Ethereum
  • Year of registration: 2020

Token info

  • Ticker: SVX
  • Type: Cryptocurrency
  • Token standard: ERC20
  • Token price at ETH: 1 ETH = 60 SVX
  • Accepted currencies: ETH

Token Distribution:

  • Public Presale - 70%
  • Uniswap Liquidity (Public Sales) - 10%
  • Ecosystem Fund - 15%
  • Team - 5%

Budget allocation:

  • Uniswap Liquidity - 18%
  • Ecosystem Fund - 7%
  • Further Development - 40%
  • Marketing - 20%
  • Reserves - 15%

Savix Road Map

  • April 2020 - Idea: "Embedded Staking Protocol"
  • May 2020 - Gather the Savix Team
  • June 2020 - Mathematics & Algorithm Design
  • July 2020 - Savix Smart Contract Development
  • August 2020 - Whitepaper Alpha-Design Workflow Pre-Sales / Telegram Bot Development Whitepaper
  • September 2020 - Presale Smart Contract Development-Savix Website Design
  • October 2020 - Simulation of Smart Contracts and Social Channels that Make an Audit
  • November 2020 - Presale Dapp Development-Public Start Of Website And Social Channels
  • December 2020 - Building a Community
  • January 2021 - Token Presale-Uniswap Pool
  • March 2021 - Savix Trinary Alpha
  • April 2021 - Savix Trinary Dapp Release

Summary:
Users receive ETH and Savix from their share of Uniswap fees, Savix from the ERC20 staking protocol and ETH from the Savix “Trinary” Pool. This particular triple stream of income is only possible through our unique betting protocol.

#savix #blockchain #cryptocurrency #defi #tokensale #ieo

for more information about this project:

Author

Forum Username: Vechainz
Telegram username: @Vechainz
ETH Wallet Address: 0xf767EFe35363c598Fe6ceED2A2A7ef787bCC5139

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