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.
Benefits for currency holders:
Multi-Receiver
Since the Embedded Stacking Protocol (PES) ensures full availability of token use in other DeFi products, the rewards can be doubled with Savix. So, the betting prize is an added layer of passive income. The upcoming Trinary Liquidity Incentive Program (see 7) will offer Savix holders another very special source of additional income.
Convenience
Savix Betting is built into the standard ERC20 transfer feature, fully automatic and 100% passive, so no decision or user interaction is required to get a prize.
Flexibility
Savix is compatible with Ethereum based DeFi projects. Savix coins can be used, like all standard ERC20 tokens, to collect, lend, plant crops, mine. At the same time, it continues to provide additional token holders to bet on.
Level
Savix's satisfactory embedded protocol evenly adjusts all balances according to the embedded supply curve (see 3). No preference is given to specific holders. All wallets are treated the same, regardless of balance, transaction volume or other parameters.
Transparency
Savix source is open source. All programming code and contracts are available via Github and can be verified and tested by anyone. With respect to the implementation of a single contract any manipulation of the logic of the contract or maximum bid is impossible, no additional minting of coins. Bet prizes are fully transparent and predictable.
Stability
Savix does not have a reward event at the end of a key period which can result in a cyclic dump. Except for market reasons, selling Savix has never been easier or more profitable at any given time, which reduces volatility.
Independence
With Savix, you remain independent because tokens are always liquid, get rewards (without blocking), and can be freely transferred or invested in DeFi products.
These features are made possible by the unique Inline Staking Protocol (PES), which implies the ability to invest in high-yielding DeFi products with predictable support through conservative stakes.
Briefly about the features of Savix:
- inline betting protocol
- compatible with any DeFi project
- fully automatic - 100% passive
- unique project (no copy / paste)
- real time rewards
- additional level of passive income
- fully transparent working mechanism
- resistant to manipulation
- Work product ready to apply
By using Savix, investors can receive three times the rewards:
- ETH and Savix from the commission share Uniswap
- Savix from the internal ERC20 betting protocol
- ETH from the Savix "Trinary" collection
To implement the stacking features mentioned above, a stacking mechanism is built into the ERC20 protocol. The algorithm works by regularly increasing the number of tokens according to the mathematical logic applied in smart contracts. The account balance is determined by its respective share in the total supply, which guarantees a non-dilutive distribution of tokens. Thus, the betting profit is relatively fixed and remains the same for all accounts, regardless of size and user related parameters such as bet duration, bet pool selection.
The mathematical logic behind the built-in stacking of the Savix protocol has the following characteristics:
- Transparent supply calculations, predictable by investors.
- Calculation stability with respect to user behavior and network effects.
- Efficient calculation of computing power and transaction costs.
The following chart shows the Savix supply curve normalized to a total supply of 1.
In order to establish specific incentives for buying and holding, early investors are rewarded in the form of a daily interest rate of more than 2% during the first days after betting commences. If you start with 100 Savix (SVX) investments that you bought before the betting mechanism was activated (right after the start of Uniswap trading), you can expect to get a prize according to the table as follows:
Token Technology
Since using DeFi applications (such as participating in the Uniswap liquidity pool) is the main usage scenario for the Savix token, implementation as an ERC-20 token is required. Non-exchangeable tokens can play an important role in future concepts and the ERC-721 or ERC-1155 standard can also be used for future development.
However, the Savix token itself will not be touched by all future developments. It will be designed as a separate contract that interacts with the original Savix contract. The permanence of the implementation of the Savix contracts is guaranteed and is an important part of the Savix trust building concept:
Absolute transparency and contract code obligations due to the implementation of a single contract (no unexpected changes can be made to the staking parameters).
Absolute transparency and obligation of staking rewards due to non-dilutive staking rewards determined by an irreversible supply map (future interest rates can be predicted with precision)
Absolute accuracy and transparency of the total circulating supply. The circulating token supply is always identical to the total token supply, no token is being held in any way. The only exception is the unsold tokens during the pre-sale (6 months lockout time)
Budget Allocation:
● 36% Uniswap Liquidity
● 7% Ecosystem Fund
● 30% Further Development
● 17% Marketing
● 10% Reserved
Token Details:
● Ticker: SVX
● Platform: Ethereum.
● Token type: ERC-20
Available: 70,000 SVX (70%)
● Total supply: 100,000 SVX.
● IEO Price: 1 SVX = 0.0166 ETH.
● Accepted currencies: ETH
● Bonus: 20% discount.
Unsold tokens will be transferred to the next pre-sale preparation stage.
● Presale exchange rate: 1 ETH = 60 SVX.
● 4 February 2021 adjustment: Additional 10% bonus (10SVX / ETH) taken from ecosystem funds.
● Token contract address: 0x8a6e8e9f7d61e97bde7e66336dbeea4fcbb388ae
● Presale will end on February 8, 2021 or when the maximum amount of ETH is increased.
● Minimum contribution: 0.1 ETH
● Maximum contribution: 15 ETH.
Uniswap Liquidity Pool
Immediately after the pre-sale, we will host Savix on Uniswap for public trading.
● Initial price: 1 ETH = 50 SVX.
● Estimated liquidity (pre-sale target reached): ~ $ 800,000–1,000,000 (depending on Ethereum volatility)
● Estimated market cap: ~ $ 1,800,000 - $ 1,900,000.
Uniswap sets will be locked up for 6 months - long enough to gain community trust. Locking in pools for longer than necessary creates a certain liquidity risk if Savix contracts need to be renewed or rescheduled in the future.
The Savix project aims to make decentralized financial products available to non-tech savvy users. Savix Tokens allow you to receive rewards automatically without using gas.
Token distribution and budget distribution:
Project road map:
Project partners:
Learn more about this 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
For documents and media see: https://savix.org/media
Media: https://anatol69.medium.com/
Github: https://github.com/SavixOrg
Author: Amild
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2583828
My ETH Wallet Address: 0xbf00577895715883E63C6694D33dA51b1cDEBDa8
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