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:
1. Multi-Beneficiary
enabling multiple simultaneous profit opportunities
2. Convenient
100% passive with no need for user decisions or interactions
3. Flexible
being compatible with any Ethereum based DeFi project
4. Fair
adjusting balances “non-dilutively”, not preferring big holdings
5. Transparent
open-source, unambiguous and not manipulable supply
6. 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.
1. Staking rewards
SVX holders earn Savix staking rewards from the embedded staking protocol while tokens get used as liquidity.
2. 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.
3. 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
Token info
- Ticker: SVX
- Type: Cryptocurrency
- Token standard: 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
- Whitepaper Alpha Version
- 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.
Learn more about the project:
- 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
- Medium : https://anatol69.medium.com/
- Github : https://github.com/SavixOrg
