What is 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.
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 that Savix is the best collateral for decentralized finance because, it is
Multi-Beneficiary : Since Protocol Embedded Staking (see next paragraph) allows complete availability of token usage in other DeFi products, rewards can be “doubled” using Savix. This way staking rewards work like an extra Layer of passive income. The upcoming liquidity incentive program “Trinary” (see 7) will offer Savix holders another distinctive additional income stream.
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.
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.
Fair : Savix protocol embedded staking evenly adjust all balances according to the embedded supply development curve. 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.
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.
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 less volatility.
Independent : With Savix you stay independent because tokens always stay liquid while earning rewards (no locking) and can be freely moved or invested into other DeFi products.
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.
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
The Savix supply development curve is the best combination of these characteristics. Supply development is gradually defined by a sequence of straights (gradient) which determines the interest rate at a specific point in time. Start and end points (corner points) of these straights define the global shape of the supply curve. Each straight is defined by the equation:
F(x) = (Xt — X1) * [(Y1 — Y1) / (X2 — X1) ]
The following diagram shows the temporal development of a starting investment of 100 SVX.
This absolute transparency of temporal development of staking rewards leads to the fact that no special stimuli for token dumping arise at any specific moments, whereas common staking technologies require a locking of tokens often combined with a certain minimum locking duration. After locking periods the probability for sales of large token amounts is heavily increased. The Savix staking automatism does not stimulate any dumping situation of such kind.
Token Technology
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)
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.
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.
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.
Token Distribution and Budget Distribution
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.
PARTNERS
FOR MORE INFORMATION PLEASE VISIT THE OFFICIAL LINKS BELOW:
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 : Fredeix
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2209658