Introduction. Everyone knows that the most famous coin in the world is Bitcoin. Satoshi Nakamoto is the founder of Bitcoin. there are so many popular networks working recently. many to come. bep20, erc20, polygon, Solana, Tron networks are some of them. The auto-staking protocol is a very powerful protocol that allows people to stake their tokens more easily and quickly. The auto-staking platform uses a mechanism where users don't have to bother to stake their tokens. Later users will be able to stake their tokens without the need to manually stake, the system will automatically reward users for the tokens they hold. The more tokens a user has, the bigger the reward they will get. And all of that will be able to be monitored by users directly on their growth in their digital wallet. This is why staking platforms with auto-staking protocols are a favorite of today's users as they don't have to bother with their token stakes and just need to last ...
The
blockchain is a morally sound computerized record of monetary exchanges
that can be customized to record not simply money related exchanges but
rather for all intents and purposes everything of esteem. Blockchain
innovation resembles the web in that it has a worked in power. By
putting away squares of data that are indistinguishable over its system,
the blockchain can’t be controlled by any single substance and has no
single purpose of disappointment. The web itself has turned out to be
tough for just about 30 years. It’s a reputation that looks good for
blockchain.
Notwithstanding the uprising of Covid-19 with exacting
capital controls set up by most nations to control the progression of
cash and charge high duties, cryptographic money acquired utilization in
dodging capital controls and assessments, prompting an expansion
popular. Cryptocurrency has had the option to introduce a simple to
utilize computerized option in contrast to fiat monetary forms. Offering
frictionless exchanges and expansion control, speculators have been
judicious enough to add these monetary forms in their broadened
portfolios as a resource, as the size of the market doesn't speak to a
foundational hazard. Digital money utilizes the utilization of
cryptography that guarantees high-security measures and checks exchanges
individual to every client. Thus, falsifying and unknown exchanges are
difficult to accomplish.
A cryptocurrency savings account works
like it sounds like it would. With this type of account, you can deposit
your cryptocurrency (or another asset in some cases) and earn a
standard rate of return over time and depending on the type of crypto
savings account you have, you may even be able to choose the type of
cryptocurrency your interest is paid in.
The first thing to know
about cryptocurrency savings accounts, which you probably know already,
is that cryptocurrency in general can be incredibly volatile. Since
you’re investing with cryptocurrency and your returns will also be in
cryptocurrency in most cases, there’s a chance your initial investment
and returns will be wiped out if the value of your asset drops.
Another
major downside with cryptocurrency savings accounts is the fact that
you cannot just take your money out when you want. Where you can
withdraw money fee-free from a traditional savings account up to six
times per month, cryptocurrency savings accounts have their own rules
and may not make it easy to access your money at the drop of a hat.
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 other DeFi product at the
same time.
Savix 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.
Savix's
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.
Advantages for Currency Holders
Savix is the best collateral for decentralized finance because, it is
1. Multi-Beneficiary
Since
Protocol Embedded Staking (PES) allows complete availability of token
usage in other DeFi products, rewards can be “doubled” using Savix. This
way staking rewards are 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 (see 3). 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 a less volatility.
7. Independent
With Savix you
stay independent because the tokens always stay liquid while earning
rewards (no locking) and can be freely moved or invested into DeFi
products
These features are made possible by the unique Protocol
Embedded Staking (PES), which implies the possibility of investing in
highly profitable DeFi products with a predictable backing by
conservative staking at the same time.
Savix features in short:
1. protocol embedded staking
2. compatible with any DeFi project
3. fully automated – 100% passive
4. unique project (no copy/paste)
5. real time rewards
6. extra layer of passive income
7. fully transparent working mechanism
8. stable against manipulation
9. 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
PROTOCOL EMBEDDED STAKING (PES)
In
order to realize the staking features mentioned above the staking
mechanic has been embedded into the ERC20 protocol. The algorithm works
by regularly inflating the total token supply according to a
mathematical logic implemented into the smart contract. Account balances
are defined by their individual share of the total supply thus
guaranteeing a non-dilutive allocation of tokens. This way the relative
staking profit is and remains equal for all accounts independent of size
and user related parameters like staking duration, choice of staking
pool etc.
The mathematical logic forming the basis of Savix’s protocol embedded staking follows the following characteristics:
Transparent supply calculation predictable for investors
Stability of the calculation towards user behavior and network effects
Effectiveness of the calculation regarding computing power and transaction costs
What Is Protocol Embedded Staking?
In
order to realize the staking features mentioned above the staking
mechanic has been embedded into the ERC20 protocol. The algorithm works
by regularly inflating the total token supply according to a
mathematical logic implemented into the smart contract. Account balances
are defined by their individual share of the total supply thus
guaranteeing a non-dilutive allocation of tokens. This way the relative
staking profit is and remains equal for all accounts independent of size
and user related parameters like staking duration, choice of staking
pool etc.
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
What Do We Plan In The Future?
We
intend to integrate as many DeFi investment opportunities as possible
in a simple-to-use Dapp for all Savix users. In our view, profiting from
new way of income by decentralized finance should not stay reserved for
users who are particularly tech-savvy.
Savix “Trinary” will be the first element of this Dapp demonstrating the power of ERC20 embedded staking:
Users
receive ETH for providing liquidity on automated market making
platforms (AMMs) like Uniswap. The more liquidity you provide, and for
longer, the greater share of the ETH pool you receive.
GENERAL CHARACTERISTICS OF THE INITIAL PUBLIC PRESALE:
The
presale goal is to raise a maximum of 83 Ethereum without a minimum.
Savix is privately funded and already shows a working product with
(internally) audited smart contract. Contributions of the initial
presale will be used for next developments, external audit(s), marketing
and partnerships.
Unsold tokens will be moved on to the next presale phases.
Presale Exchange Rate: 1 ETH = 60 SVX
Adjustment on Feb 4th 2021: Additional bonus of 10% (10SVX/ETH) taken from ecosystem fund
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.
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.
Key Notes:
The
Savix project aims at making decentralized finance products available
to non-tech-savvy users. The Savix token enables gas-free automatic
staking rewards.
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