SAVIX - The DeFi answer to traditional savings accounts - Redefining passive income

SAVIX (SVX Coin) is a cryptocurrency Assets that will storm the world in the year 2021, lunched based on Ethereum Network DeFi that is growing in popularity day by day, with the aim to be used by entrepreneurs, small businesses and start-ups for utility purposes.

BUT FIRST, WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security. Offering friction-less transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Counterfeiting and anonymous transactions are impossible to achieve.

INTRODUCING THE SAVIX PROJECT

SAVIX platform is made up of highly intelligent, motivated and experienced professionals in all areas of financial activities. The average type of customer ranges from individual, entrepreneurs, business owners, start ups, banks and financial corporations willing to invest their funds in a time like this. SAVIX project is a global Platform, created with the objective of providing members of the ecosystem with the most secure, safest and reliable investment plan with the SVX token. Users can always make huge and massive profits with a low risk.

SAVIX Project (SVX Coin) decentralized system is a global marketplace for all cryptocurrency assets. it is building a robust and fully compliant platform that offers a broad range of peer-to-peer cryptocurrency-specialized solution. These include a high-frequency trading platform capable of real-time spot trading and margin trading and over the counter trading.

As depicted above and as indicated on the official website of SAVIX, 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.

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 OF USING THE SAVIX PLATFORM

Their standard goal is to allow customers to profit whatever amount could be considered typical of the opening of a new chase created by a decentralized record with fewer blocks that could really be considered typical. Checks are fully automated while maintaining full versatility in token use. Using Savix's typical revenue streams can be combined.
We admit, Savix is a respectable safeguard for decentralized records because of, this

  • Multi-Receiver, involves multiple simultaneous profit unlocks

  • Support, 100% disconnected with no preconditions for decisions or customer associations

  • Versatile, compatible with any Ethereum based DeFi project

  • Change that makes sense and develops "without dilutives", not leaning towards very large properties

  • Clear, open source, unambiguous and non-manipulable stocks

  • Be consistent, don't create sales inspiration after the lock-up period

Since using DeFi applications (like participating in Uniswap liquidity pools) is a main usage scenario for the Savix token, an implementation as ERC-20 token is required. Non-fungible tokens may play an important role within future concepts and the ERC-721 or ERC-1155 standards may come into use for future developments as well.

However, the Savix token itself will remain untouched by all future developments. These will be designed as separate contracts interacting with the Savix original contract.

The immutability of the Savix contract implementation is guaranteed and an important part of Savix`s trust building concept:

Absolute transparency and liability of contract code due to single contract deployment (no unforeseen changes whatsoever can be made to the staking parameters).

Absolute transparency and liability of staking rewards due to non-dilutive staking rewards defined by an immutable supply map (future interest rates can be exactly predicted)

Absolute accuracy and transparency of total circulation supply. The circulating token supply is always identical to the total supply of tokens, there are no tokens held back in any way. The only exception are unsold tokens during the presale (6 month locking time 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.

The SVX Token Details

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.

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

Bonuses: 20% discount.

Unsold tokens will be transferred to the next stages of pre-sale preparation.

Presale exchange rate: 1 ETH = 60 SVX.

Adjustment February 4, 2021: Additional bonus of 10% (10SVX / ETH) taken from the ecosystem fund.

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

Shortly after the presale, we will host Savix on Uniswap for public trading.

Starting price: 1 ETH = 50 SVX.

Estimated liquidity (presale target achieved): ~ $ 800,000–1,000,000 (depends on Ethereum volatility)

Estimated market capitalization: ~ $ 1,800,000 - $ 1,900,000.

The Uniswap pool will be locked for 6 months - long enough to gain the trust of the community. Locking the pool longer than necessary poses a certain liquidity risk should the Savix contract need to be renewed or rescheduled in the future.

The 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.

THE PROJECT 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.

For more information about this revolutionary project, please visit:

Website: https://savix.org

Telegram: https://t.me/savix_org

Twitter: https://twitter.com/savix_org

White Paper: https://savix.org/wp -content / uploads / 2020/11 / SAVIX_Whitepaper.pdf

Medium: https://anatol69.medium.com

Github: https://github.com/SavixOrg

Author's Information

Bitcointalk Username: TosinDavid

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1180815

Telegram: @TosinDavid

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