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.
If you’d like to stay up-to-date, please visit our website and join our social channels (see end of this article).
Bounty Pool 1000 SVX 1 ETH = 50 SVX
Brand new fully developed DeFi token with a revolutionary new kind of staking mechanism. Staking is cleverly embedded right into the ERC-20 protocol. This was never done before in this way. It can be used in other DeFi projects while getting staking rewards at the same time. E.g. providing liquidity on uniswap will yield you uniswap fees PLUS staking rewards at the same time. Another added income layer will follow in the future (called Savix "Trinary"). You can stake LP tokens to earn additional ETH. One token = three passive income streams. Features: - protocol embedded staking - compatible with any DeFi project - fully automated - 100% passive - realtime staking rewards (no fees) - unique project (no copy/paste) - finished and ready for mainnet deployment - extra layer of passive income.
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, Savix is a good collateral for decentralized finance because, it is
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
Future plans
We intend to integrate as many DeFi investment opportunities as possible in an easy-to-use decentralized online application (dapp)*. In our opinion, profiting from new ways of investments by decentralized finance should not stay reserved for users particularly tech-savvy.
Savix “Trinary” will be the first element of this Dapp offering:
● ETH and Savix through Uniswap liquidity pool fees
● Savix interests by the ERC20 embedded staking protocol
● ETH through proportional shares of the Savix “Trinary” Pool
RESULTS OF THE INITIAL PUBLIC PRESALE
The initial public presale of SVX tokens started on January 25th 2021 and ended on February 8th 2021.
In total 47 investors participated in the initial presale. A sum of 57,69546061 ETH could be raised in this first presale round. The average transaction fee per contribution has been 0,01135209 ETH or 19,79 USD respectively.
Savix team thanks all initial investors for their trust and engagement at this early project stage. We know very well that a decision to invest into a project in this early stage is often accompanied by doubts and feelings of insecurity.
To take this into account and to acknowledge this a total bonus of 576,9546061 SVX tokens will be given to the investors of the initial presale. All in all 4038,68 SVX tokens out of 5000 (80,77%) have been sold.
All investments of this first presale round are listed below. We encourage all investors to check their contributions and reach out to us in case of questions or inconsistencies.
Trinary details:
• 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.
• Staking rewards
In addition, you will earn Savix staking rewards from the embedded staking protocol while your tokens get used as liquidity.
• 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 Fund. We expect a return of 7% to 15% of the initial investment directly paid in ETH over the first 6 month.
Savix features in short:
• Protocol embedded staking
• Compatible with any DeFi project
• Fully automated — 100% passive
• Real time rewards
• Multiple layers of passive income
• Transparent working mechanism
• Stable against manipulation
• 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
This triple income stream is possible through Savix unique staking protocol only!
Initial Exchange Offering
Savix is partnering up with Exmarkets. This exchange has been among the most promising exchanges for initial exchange offerings in the last years as rated by icoholder.com, dailyfintech.com or finyear.com.
The exchange is listed at rank 80 at coingecko and at rank 93 at coinmarketcap. Exmarkets is based in Lithuania within the European Union.
Additionally the IEO partnership with Exmarkets includes marketing campains, Exchange listing with two trading pairs directly following our Uniswap listing.
The IEO will be executed in several phases each having different discount rates.
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 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
BUDGET ALLOCATION (ETH):
● 36% Uniswap Liquidity
● 7% Ecosystem Fund
● 30% Further Development
● 17% Marketing
● 10% Reserve
Token Details:
● Ticker: SVX
● 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
Learn More:
● 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
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.
If you’d like to stay up-to-date, please visit our website and join our social channels (see end of this article).
Bounty Pool 1000 SVX 1 ETH = 50 SVX
Brand new fully developed DeFi token with a revolutionary new kind of staking mechanism. Staking is cleverly embedded right into the ERC-20 protocol. This was never done before in this way. It can be used in other DeFi projects while getting staking rewards at the same time. E.g. providing liquidity on uniswap will yield you uniswap fees PLUS staking rewards at the same time. Another added income layer will follow in the future (called Savix "Trinary"). You can stake LP tokens to earn additional ETH. One token = three passive income streams. Features: - protocol embedded staking - compatible with any DeFi project - fully automated - 100% passive - realtime staking rewards (no fees) - unique project (no copy/paste) - finished and ready for mainnet deployment - extra layer of passive income.
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, Savix is a good collateral for decentralized finance because, it is
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
Future plans
We intend to integrate as many DeFi investment opportunities as possible in an easy-to-use decentralized online application (dapp)*. In our opinion, profiting from new ways of investments by decentralized finance should not stay reserved for users particularly tech-savvy.
Savix “Trinary” will be the first element of this Dapp offering:
● ETH and Savix through Uniswap liquidity pool fees
● Savix interests by the ERC20 embedded staking protocol
● ETH through proportional shares of the Savix “Trinary” Pool
RESULTS OF THE INITIAL PUBLIC PRESALE
The initial public presale of SVX tokens started on January 25th 2021 and ended on February 8th 2021.
In total 47 investors participated in the initial presale. A sum of 57,69546061 ETH could be raised in this first presale round. The average transaction fee per contribution has been 0,01135209 ETH or 19,79 USD respectively.
Savix team thanks all initial investors for their trust and engagement at this early project stage. We know very well that a decision to invest into a project in this early stage is often accompanied by doubts and feelings of insecurity.
To take this into account and to acknowledge this a total bonus of 576,9546061 SVX tokens will be given to the investors of the initial presale. All in all 4038,68 SVX tokens out of 5000 (80,77%) have been sold.
All investments of this first presale round are listed below. We encourage all investors to check their contributions and reach out to us in case of questions or inconsistencies.
Trinary details:
• 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.
• Staking rewards
In addition, you will earn Savix staking rewards from the embedded staking protocol while your tokens get used as liquidity.
• 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 Fund. We expect a return of 7% to 15% of the initial investment directly paid in ETH over the first 6 month.
Roadmap
• For December 2020 the public token sale and start of the UNiswap liquidity pool is planned.
• Directly afterwards the development of the Savix trinary Dapp will start along with creating partnerships to other DeFi providers.
• Approximately in March 2021 a first Alpha version of Trinary should become available.
Summary
• For December 2020 the public token sale and start of the UNiswap liquidity pool is planned.
• Directly afterwards the development of the Savix trinary Dapp will start along with creating partnerships to other DeFi providers.
• Approximately in March 2021 a first Alpha version of Trinary should become available.
Summary
Savix features in short:
• Protocol embedded staking
• Compatible with any DeFi project
• Fully automated — 100% passive
• Real time rewards
• Multiple layers of passive income
• Transparent working mechanism
• Stable against manipulation
• 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
This triple income stream is possible through Savix unique staking protocol only!
Initial Exchange Offering
Savix is partnering up with Exmarkets. This exchange has been among the most promising exchanges for initial exchange offerings in the last years as rated by icoholder.com, dailyfintech.com or finyear.com.
The exchange is listed at rank 80 at coingecko and at rank 93 at coinmarketcap. Exmarkets is based in Lithuania within the European Union.
Additionally the IEO partnership with Exmarkets includes marketing campains, Exchange listing with two trading pairs directly following our Uniswap listing.
The IEO will be executed in several phases each having different discount rates.
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 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
BUDGET ALLOCATION (ETH):
● 36% Uniswap Liquidity
● 7% Ecosystem Fund
● 30% Further Development
● 17% Marketing
● 10% Reserve
Token Details:
● Ticker: SVX
● 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
Learn More:
● 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
Author : harum93
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