Introduction
Primarily, token and digital assets of crypto companies are utilized for the generation of revenue for both the platform and users. However, there are several other utilities for crypto tokens. The ability of any digital asset to perform varied functions often depends on certain distinct features. It is through these features that the team designed and enabled the various functions their token can perform. Savix DeFi Network developed its token, called SVX, which is designed with certain characteristics that enable it to deliver seamless and transparent decentralized financial services for its users. As a token developed on the Ethereum Blockchain Network, one of the features of the SVX token is that it is an ERC-20 compatible token and is supported on all ERC-20 digital wallets.
Among the functions of the SVX token on its platform include governance and voting exercises, staking, lending, borrowing, and liquidity pool. Some features of the Savix digital asset that allows users to choose to adopt the platform and use the token for their financial transactions and payments include the following
ERC-20 Powered Token
Savix digital asset, SVX, is supported on the most used and popularly adopted Ethereum Blockchain Network. This development allows the token to capability to operate seamlessly throughout the cryptocurrency industry, especially within the decentralized finance space. This feature enables the SVX token to be compatible with most digital wallets in the market, as they are majorly developed on the same blockchain network. This allows clients and investors to conveniently, securely, and easily purchase, stake, sell, and exchange their assets across various wallets and decentralized exchanges. With this compatibility, the number of pairings available for SVX tokens has increased, including both fiat and digital currencies.
DeFi Products and Services Enabler
There are several incredible decentralized finance products and services offered by the Savix Network on its platform, however, investors and users can only perform most of these services with the SVX token. With this feature, the digital asset can enable various applications and functions on the platform. Savix Project also anticipates the support from their digital asset, as an efficient financial instrument, for future applications and products on the network.
High Processing Speed
Delays in transactions and payments are one of the primary reasons why businesses and companies are switching to the use of crypto-assets and adopting blockchain networks. Notwithstanding, certain platforms offer higher processing speed compared to others in the market. For the SVX token, built on the Ethereum network and powered by a decentralized system, all payments, and transactions performed with the use of the token, the processing speed is high. Staking, lending, and borrowing processing time are also fast.
Swapping and Exchange
The SVX token is enlisted on several decentralized exchanges where users can swap or exchange their assets for other digital currencies or fiat money.
Innovator Token Offer
The limited supply of the SVX tokens in the market, about 100,000, gives the investors who join the network during the initial coin offering to gain more profit. This is because there will be higher demands for the token in the market.
USEFUL LINKS
Website: https://savix.org/
Whitepaper: https://savix.org/docs/Savix-Whitepaper-V2-0.pdf
Telegram: https://t.me/savix_org
Twitter: https://twitter.com/savix_org
https://savix-org.medium.com
Github: https://github.com/SavixOrg
Reddit: https://www.reddit.com/r/SavixOrg/
AUTHOR'S DETAILS
Bitcointalk Username: Endpoet
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2767513