Phoebe Tonkin: SAVIX Project

SAVIX Project

Introduction

Applications in the area of decentralized finance are one of the most important fields of use for digital currencies today. With the help of convenient platforms such as Uniswap users can easily use innovative financial products based on Distributed Ledger Technologies (DLT). The digital currencies that are used for this purpose must be transferred to the respective ledger in which the desired financial instrument is mapped. Tokens used this way are temporarily “locked” and therefore cannot simultaneously participate in a staking protocol. The user has to make a decision, so to speak, whether he invests his money conservatively and safely by staking or more risk-consciously with greater possible profit using a DeFi product. With Savix a virtual currency is now available for the first time, which makes it possible to profit from staking rewards while keeping the token unlocked and liquid, freely available for use in any other DeFi product at the same time.

A perfect collateral for DeFi

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.

Advantages for Currency Holders

Savix is the best collateral for decentralized finance because, it is

Multi-Beneficiary

Since Protocol Embedded Staking (PES) allows complete availability of token usage in other DeFi products, rewards can be “doubled” using Savix. This way staking rewards are 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 (see 3). 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 a less volatility.

Independent

With Savix you stay independent because the tokens always stay liquid while earning rewards (no locking) and can be freely moved or invested into DeFi products

These features are made possible by the unique Protocol Embedded Staking (PES), which implies the possibility of investing in highly profitable DeFi products with a predictable backing by conservative staking at the same time.

Savix features in short:

protocol embedded staking

compatible with any DeFi project

fully automated – 100% passive

unique project (no copy/paste)

real time rewards

extra layer of passive income

fully transparent working mechanism

stable against manipulation

working product ready for deployment

Using Savix investors can receive threefold rewards:

ETH and Savix from the Uniswap fee share

Savix from the ERC20 embedded staking protocol

ETH from the Savix “Trinary” Pool

PROTOCOL EMBEDDED STAKING (PES)

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

TOKENONMICS & TOKEN SALE

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.

GENERAL CHARACTERISTICS OF THE INITIAL PUBLIC PRESALE:

The presale goal is to raise a maximum of 83 Ethereum without a minimum. Savix is privately funded and already shows a working product with (internally) audited smart contract. Contributions of the initial presale will be used for next developments, external audit(s), marketing and partnerships.

Unsold tokens will be moved on to the next presale phases.

Presale Exchange Rate: 1 ETH = 60 SVX

Adjustment on Feb 4th 2021: Additional bonus of 10% (10SVX/ETH) taken from ecosystem fund

Token contract address: 0x8a6e8e9f7d61e97bde7e66336dbeea4fcbb388ae

Presale will complete on Feb 8th 2021 or when the maximum amount of ETH is raised.

Minimum Contribution: 0.1 ETH

Maximum Contribution: 15 ETH

Uniswap Liquidity Pool

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

Initial Price: 1 ETH = 50 SVX

Estimated Liquidity (Presale Goal Reached): ~ 800.000 – 1.000.000 USD (Depends on Ethereum volatility)

Estimated Market Cap: ~ 1.800.000 – 1.900.000 USD

The Uniswap Pool will be locked for 6 month, long enough to build trust with the community. Locking the pool longer than necessary represents a certain risk to the liquidity in case the Savix contract needs to be updated or migrated in the future.

Token Distribution & Budget Allocation

5% Initial Public Presale

20% IEO Launchpad

40% Unicrypt Presale

20% Uniswap Liquidity (Public Sale)

7% Ecosystem Fund

3% Bounty Program

5% Team

BUDGET ALLOCATION (ETH):

36% Uniswap Liquidity

7% Ecosystem Fund

30% Further Development