Introducing Savix, a decentralized financial product
Cryptocurrency has become one of the favorite investment instruments in the world today. Not only that, cryptocurrencies are also rapidly developing as an alternative to non-cash transactions, such as money transfers and cross-border transactions.
With Savix, and a new virtual currency is available for the first time, which makes it possible to benefit from staking rewards while keeping tokens open and liquid, and products free to use.
The Embedded Staking (PES) * protocol it uses is deeply embedded in the base currency code and requires no explicit user control or triggering. All wallets that hold Savix tokens automatically and permanently participate in the betting process.
All contracts and tools necessary for implementation have been fully developed and are in the final step of the internal audit. Currently, the contract is running smoothly on the Rinkeby testnet. We plan to switch to the mainnet in early December 2020. Project
Savix aims to make decentralized financial products available to non-tech savvy users. All Savix tokens are gas free automatically. We believe that Savix is the best guarantee for decentralized finance because of that
Benefit recipients
Once the Betting Protocol is Embedded (see next paragraph) all the full availability of tokens used in other DeFi products, prizes can be "duplicated" using Savix. In this way, staking rewards act like an additional layer of passive income. The upcoming "Trinary" liquidity incentive program (see 7) will offer Savix holders a different additional income stream.
The convenient Savix bet is embedded in the standard ERC20 transfer function and is fully automatic and 100% passive with no user decision or interaction required to receive a prize.
Flexible
Savix is compatible with Ethereum based DeFi projects. Savix Coins can be used like all standard ERC20 tokens to collect, lend, generate farms and so on, all of this while continuing to generate additional share tokens to holders.
Fair
The embedded Savix protocol evenly adjusts all balances with respect to the embedded offer development curve. No preference of any kind is given to any particular holder. All wallets are treated in the same way, replacement balances, transaction volume, or other parameters.
Transparent
Open source Savix. All program code and contracts are available on Github and can be checked and tested by anyone. Due to the implementation of a single contract, manipulation of the logic of the contract or the maximum supply is not possible, there is no additional minting of coins. Bet prizes are fully transparent and predictable.
Stable
With Savix, there is no reward release event at the end of the lock-up period which may result in a cyclic dump. Excert for market reasons, selling Savix has never been easier or more profitable at any point in time, creating less volatility.
Independent
With Savix you remain independent as the tokens are always liquid upon earning (keyless) and can be freely transferred or invested in other DeFi products.
Vision
Our main goal is to enable users to benefit as much as possible from the new investment opportunities created by decentralized finance with as few constraints as possible. Therefore, users combine multiple revenue streams while maintaining full flexibility of token use. The betting mechanism built into the Savix protocol works without requiring any user action. Users do not need to lock their tokens and do not need to claim their rewards as the staking process is fully automated.
• What is the embedded staking protocol?
To realize the staking features mentioned above, a staking mechanic is built into the ERC20 protocol. The algorithm works by inflating the total token supply on a regular basis according to the mathematical logic implemented into the smart contract. The account balance is determined by the respective share of the total supply which guarantees the allocation of non-dilutive tokens. In this case, the relative betting advantage is and remains the reason for all accounts related to size and user-related parameters such as bet duration, bet pool selection, etc.
The mathematical logic that forms the basis of the embedded Savix locking protocol follows the following characteristics:
The transparent bid calculation can be predicted by investors
Stability of calculations regarding user behavior and network effects
The effectiveness of calculations related to computing power and transaction costs
The development curve of Savix's offering is the best combination of these characteristics. The gradual development of supply is determined by a straight sequence (gradient) that determines the interest rate at a particular point in time. The starting and ending points (corner points) of this straight line determine the global shape of the supply curve. Straight lines are easily determined by the equation:
F (x) = (Xt - X1) * [(Y1 - Y1) / (X2 - X1)]
The following diagram shows the provisional progression of the initial 100 SVX investment.
The absolute transparency of the temporary bets development leads to the fact that no special stimulus for token dumping appears at all times, where general betting technology requires frequent locking of tokens combined with a certain minimum key duration. After the lockdown period, the possibilities for selling large quantities of tokens increased rapidly. The Savix staking automatism does not stimulate an immediate dumping situation. # Savix #blockchain #cryptocurrency #defi #tokensale #ieo
Token Technology
Since using DeFi applications (such as participating in the Uniswap liquidity pool) is the main usage scenario for the Savix token, an implementation such as the ERC-20 token is required. Non-exchangeable tokens can play an important role in future concepts and the ERC-721 or ERC-1155 standards 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 contract 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 mandatory staking rewards due to non-dilutive staking rewards determined by an immutable supply map (future interest rates can be predicted with precision)
Absolute accuracy and transparency of the total circulating supply. The circulating supply of tokens is always identical to the total token supply, no token is being held in any way. The only exception is tokens that were unsold during the pre-sale (6 months lockout time)
What will we do in the future?
We intend to integrate as many DeFi investment opportunities as possible into a user-friendly Dapp for all Savix users. In our view, taking advantage of new ways of income with decentralized finance is not reserved only for highly tech-savvy users.
Savix "Trinary" will be the first element of this Dapp to demonstrate the power of the ERC20 embedded in staking:
Users receive ETH to provide liquidity on automated market creation (AMM) platforms such as Uniswap. The more liquidity you provide, and the longer it is, the bigger share of the ETH pool you receive.
Trinary details:
Uniswap Rewards
There is a 0.3% fee for exchanging tokens on Uniswap. This fee is shared by the liquidity provider in proportion to its contribution to the liquidity reserve. This serves as a payment to all liquidity providers in proportion to their share of the pool.
Bet prize
In addition, you will get Savix betting prizes from the embedded betting protocol while your tokens are used as liquidity.
appreciation
Trinary When liquidity is deposited into a uniswap pool, and special tokens known as liquidity tokens are printed to the addresses of providers, in proportion to how much liquidity they contribute to the pool. This token is a representation of the liquidity provider's contribution to a pool. With the Savix "Trinary", you can store your Savix liquidity tokens for 6 months to receive another layer of rewards: ETH from our Ecosystem Fund. We expect a return of 7% to 15% of the initial investment paid right in ETH during the first 6 months.
Savix Features:
Staking protocol installed
Compatible with all DeFi projects
Fully automatic - 100% passive
Real time rewards
Multiple layers of passive income
Transparent working mechanism
Stable overall manipulation
A working product ready to use
Using Savix, investors can receive three times the rewards:
ETH and Savix of fees
Uniswap Savix's embedded ERC20 protocol
staking ETH from the Savix "Trinary" Pool
This triple revenue stream is possible compared to Savix's unique betting protocol alone!
Official Resources :
Website: https://savix.org/
Whitepaper: https://savix.org/wp-content/uploads/2020/11/SAVIX_Whitepaper.pdf
Telegram: https://t.me/savix_org
Twitter: https: // twitter.com/savix_org
Media: https://anatol69.medium.com/
Github: https://github.com/SavixOrg
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