Cryptocurrency has quickly become one of the most common investing instruments in the world. Not just that, but digital currencies are increasingly evolving as cashless options, such as remittances and cross-border purchases. With Savix, a virtual currency now available for the first time, it is possible to benefit from staking benefits while holding tokens open and liquid, and it is available for free to use on any DeFi product at the same time.
The Embedded Staking (PES) * protocol is firmly embedded in the base currency code and does not require specific user monitoring or triggering. Both wallets that carry Savix tokens participate in the betting loop immediately and indefinitely. Both contracts and software used for execution have been thoroughly implemented and are currently undergoing internal audit. The contract is currently running smoothly on the Rinkeby testnet. We plan to go live on mainnet in early December 2020.
The Savix project seeks to make decentralized financial products accessible to those who aren’t tech savvy. Gas-free instant staking prizes are possible with Savix Tokens. Savix, we believe, is the best guarantee for decentralized finance since it:
Multi Beneficiaries :
Since the Embedded Staking Protocol (see next paragraph) allows maximum token availability in other DeFi goods, Savix incentives can be “doubled.” Staking incentives act as an extra layer of passive income in this manner. The forthcoming “Trinary” liquidity reward scheme (see 7) will provide Savix investors with a new source of revenue.
Comfortable :
Savix bets are built into the traditional ERC20 transfer feature and are fully automated and passive, requiring no user intervention or engagement to win the reward.
Flexible :
Savix is compliant with DeFi projects built on Ethereum. Savix Coins can be used in the same way as all other ERC20 tokens can be used to gather, lend, create farms, mine, and so forth, all while continuing to generate additional stake tokens for holders.
Fair :
All balances are equally adjusted according to the embedded bid growth curve by the embedded Savix protocol stakes. There is no preference of any sort given to any particular holder. Regardless of balance, transaction rate, or other factors, all wallets are handled the same way.
Transparent :
Savix is a free and open source project. Both application code and contracts are publicly available on Github, where they can be reviewed and evaluated by anybody. There will be no further coin minting due to the introduction of a single contract, which prevents distortion of the contract logic or the overall supply. The payouts on bets are completely straightforward and predictable.
Stable :
No incentive release event at the end of the lock-up cycle will result in a cyclic dump with Savix. But for industry considerations, selling Savix has never been simpler or more lucrative at any moment, resulting in lower volatility.
Independent :
You stay autonomous with Savix since tokens are still liquid when collecting prizes (no locks) and can be freely exchanged or invested in other DeFi items.
Vision :
Our key aim is to allow users to gain as much as possible from the new investing opportunities provided by decentralized finance while imposing the fewest possible restrictions. As a result, consumers can merge various income sources while retaining maximum token stability. The Savix protocol’s betting function operates without involving any user intervention. Users do not need to lock their tokens or collect their prizes because the staking mechanism is fully automatic.
Token Technology :
Since using DeFi applications (such as engaging in the Uniswap liquidity pool) is the primary use case for the Savix token, it must be implemented as an ERC-20 token. Non-exchangeable tokens can play a key role in future concepts, and the ERC-721 or ERC-1155 standards may be used in the future. The Savix coin, on the other hand, would not be affected by any potential developments. It will be structured as a separate arrangement that works in tandem with the initial Savix agreement.
The immutability of putting the Savix contract into action is ensured, and it’s an important aspect of the Savix trust-building concept :
- Owing to the application of a single contract, there is complete clarity and contract code responsibilities (no unforeseen changes to staking criteria may be made).
- Absolute simplicity and staking incentive obligation due to non-dilutive staking incentives calculated by an immutable supply map (future interest rates can be forecast with precision).
- The overall circulating supply is fully accurate and transparent. No token is stored in some way, so the circulated stock of tokens is still equal to the total token supply. The only difference being the tokens that were not sold during the pre-sale (6 months lockout time)
What do we have planned for the future ?
We want to incorporate as many DeFi investment options as possible into a user-friendly Dapp for all Savix users. Taking advantage of new forms of income through decentralized finance, in our opinion, should not be limited to extremely tech-savvy consumers.
The Savix “Trinary” feature of the Dapp will be the first to show the strength of the ERC20 embedded in staking:
Users are given ETH in exchange for providing liquidity on automated market development (AMM) platforms like Uniswap. The more liquidity you have, and the longer it takes, the larger your share of the Ethereum pool would be.
Uniswap Rewards :
At Uniswap, there is a 0.3 percent charge for exchanging tokens. The liquidity supplier shares the premium in proportion to his or her commitment to the liquidity pool. It acts as a payout to all liquidity suppliers in relation to their pool share.
Features оf Savix :
- Staking installed protocol
- Compatible wіth аnу DeFi project
- Fully automatic — 100% passive
- Real time prizes
- Multiple layers оf passive income
- Transparent work mechanism
- Stable аgаіnѕt manipulation
- A working product іѕ ready tо uѕе
Using Savix, investors will get three times their money back :
- ETH аnd Savix frоm Uniswap fees
- Savix frоm ERC20 embedded staking protocol
- ETH frоm Savix “Trinary” Pool
- Thіѕ triple revenue stream іѕ роѕѕіblе vіа 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
#savix #blockchain #cryptocurrency #defi #tokensale #ieo
Author
Username Bitcointalk : cryptopathum
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ETH Wallet Address : 0xF9b347Ad986Db43753e9660222057e116Da4E8Fd
