About Savix - automated gas-free staking
The Savix project aims at making decentralized finance products available to non-tech-savvy users. The Savix token enables gas-free automatic staking rewards.
With Savix a virtual currency is now available for the first time, which gives the opportunity to profit from staking rewards while keeping token unlocked and liquid, freely available for use in any DeFi product at the same time.
Description
- Predictable self-staking protocol
- Gas-free rewards directly to your wallet
- Compatible with any DeFi project
- Fully automated - 100% passive
- Multiple layers of passive income
The Vision
Our main objective is to let users profit as much as possible from new investment opportunities created by decentralized finance with as less barriers as possible. Staking works fully automated while keeping full flexibility of token usage. Using Savix multiple income streams can be combined.
We believe, Savix is a good collateral for decentralized finance because, it is:
Multi-Beneficiary
- Enabling multiple simultaneous profit opportunities
Convenient
- 100% passive with no need for user decisions or interactions
Flexible
- being compatible with any Ethereum based DeFi project
Fair
- adjusting balances "non-dilutively", not preferring big holdings
Transparent
- open-source, unambiguous and not manipulable supply
Stable
- not creating selling incentives after locking periods
Savix Trinary: 3 Income streams explained
Savix “Trinary” will be our first Dapp to demonstrate the power of our ERC20 embedded staking protocol. Users receive three distinctive income streams utilizing a single, easy to use DeFi Dapp.
Staking rewards
SVX holders earn Savix staking rewards from the embedded staking protocol while tokens get used as liquidity.
Uniswap Rewards
There is a 0.3% fee for swapping tokens on Uniswap. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. It is functioning as a payout to all liquidity providers proportional to their share of the pool.
Trinary rewards
Whenever liquidity is deposited into a uniswap pool, special tokens known as liquidity tokens are minted to the provider's address, in proportion to how much liquidity they contributed to the pool. These tokens are a representation of a liquidity provider's contribution to a pool. With Savix “Trinary” it is possible to deposit savix liquidity tokens for up to 6 month to receive yet another reward layer: ETH from our ecosystem pool. We expect a return of 7% to 15% of initial investment directly paid in ETH over the first 6 month.
Savix Staking Rewards - An Example Calculation
The chronologically fixed supply curve enables exact prediction of staking rewards for any point in time. This absolute transparency leads to the fact that no special stimuli for token dumps arise at any specific moments. This is one important difference to traditional pool based staking methods.
The total supply is recalculated with each token transfer executed by the smart contract. This way the staking mechanism gets by without any external triggers. All Savix balances will grow up to 3 times of the initial investment during the first 5 years.
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:
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.
Token Details
- Pre-sales: Jan 25, 2021 - Feb 21, 2021
- Pre-sale token supply: 70,000 SVX
- Token supply: 100,000 SVX
- Total tokens for sale: 80,000 SVX
Legal.
- Blockchain Platform: Ethereum
- Registration year: 2020
Info token
- Ticker: SVX
- Type: Cryptocurrency
- Standard token: ERC20
- Token price in ETH: 1 ETH = 60 SVX
- Accepted currencies: ETH
Token distribution:
- Public Presale - 70%
- Uniswap Liquidity (Public Sale) - 10%
- Ecosystem Fund - 15%
- Team - 5%
Funds allocation:
- Uniswap Liquidity - 18%
- Ecosystem Fund - 7%
- Further Development - 40%
- Marketing - 20%
- Reserve - 15%
Savix Roadmap
April 2020
Idea: "Protocol Embedded Staking"
May 2020
Assemble Savix Team
June 2020
Mathematics & Algorithm Design
July 2020
Savix Smart Contract Development
August 2020
Alpha Version Whitepaper
Presale Workflow Design / Telegram Bot Development
September 2020
Presale Smart Contract Development
Savix Website Design
October 2020
Smart Contract Simulation And Auditing
Creating Social Channels
November 2020
Presale Dapp Development
Public Start Of Website And Social Channels
December 2020
Community Building
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 Uniswap fee share, Savix from the ERC20 embedded staking protocol and ETH from the Savix “Trinary” Pool. This particular triple income stream is only possible through our unique staking protocol.
To Get More Information About Savix See The Links Below:
WEBSITE: https: //savix.org/
TELEGRAM: https: //t.me/savix_org
TWITTER: https: //twitter.com/savix_org
Martin Vunk
https://bitcointalk.org/index.php?action=profile;u=1853936
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