Savix (SVX) is a token with a predictable inflation mechanic built into the ERC-20 protocol. Newly generated tokens get distributed evenly to all wallets free of any gas/fees. A user has to simply hold the coin to receive his share every 2 hours. The yearly inflation rate starts at 85% and decreases over time to 8% after 5 years. What is Savix (SVX) | What is Savix token | What is SVX token
In this article, we'll discuss information about the Savix project and SVX token
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.
Our main objective is to let users profit as much as possible from new investment opportunities created by decentralized finance with as less barriers as possible. Staking works fully automated while keeping full flexibility of token usage. Using Savix multiple income streams can be combined.
We believe, Savix is a good collateral for decentralized finance because, it is
1. Multi-Beneficiary, enabling multiple simultaneous profit opportunities
2. Convenient, 100% passive with no need for user decisions or interactions
3. Flexible, being compatible with any Ethereum based DeFi project
4. Fair, adjusting balances “non-dilutively”, not preferring big holdings
5. Transparent, open-source, unambiguous and not manipulable supply
6. Stable, not creating selling incentives after locking periods
We intend to integrate as many DeFi investment opportunities as possible in an easy-to-use decentralized online application (dapp)*. In our opinion, profiting from new ways of investments by decentralized finance should not stay reserved for users particularly tech-savvy.
Savix “Trinary” will be the first element of this Dapp offering:
• ETH and Savix through Uniswap liquidity pool fees
• Savix interests by the ERC20 embedded staking protocol
• ETH through proportional shares of the Savix “Trinary” Pool
More investments channels are supposed to follow as soon as appropriate partnerships will be established.
Savix main objective is to let users profit as much as possible from new investment opportunities created by decentralized finance with as less barriers as feasible. This is the Savix mission.
Therefore we let 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
“Easy DeFi For Everyone”
— savix mission statement
In order to achieve the goal of Savix’ mission statement the following elements will be built into an integrated application:
🡆 Personal finance overview showing balances, rewards and their historical development
🡆 Integration of decentralized exchange for converting to / from Fiat currencies and other blockchains using existing bridging technologies
🡆 Steering modules for different DeFi products like lending, money markets / liquidity providing, decentralized synthetics or non-fungible token markets
Different aspects of DeFi united in Savix dashboard
All of these applications will be combined into the Savix dasboard which will serve as entry point into the world of decentralized finance for Savix holders.
Most important for the design of the Savix DeFi dashboard is the maxime to reduce complexity as much as possible by concentrating all functionality to the minimum required to guarantee smooth and stable processing of all functions. This is achieved by designing predefined settings and process templates for all actions and interactions investors are able to launch and trigger through the dashboard.
In contrast to other user interfaces the Savix dashboard will stick to main features of applications integrated. Users will be offered single choices in an easy-to-use interface, handling the complex details of DeFi products in the background powered by predefined processes and workflows designed for typical usage szenarios.
Savix Trinary will be an application applying these guidelines in order to optimize profits investors can get by participating in Uniswap liquidity pools.
The complex interaction of minting the Uniswap specific liquidity providing tokens (LP tokens) and reinvesting them for optimizing gains will be automated by this application. Instead of having to actively observe the development of the liquidity pool, withdrawing LP tokens and deciding on whether to reinvest or withdraw them, Trinary will simply offer investors to participate in the application taking care of all details by itself.
Simplicity At Its Best — Savix One-Click-Gui
This way the complexity of optimizing liquidity providing is reduced to a single decision, to participate or not, to click or not to click.
More details on Savix trinary can be found at the specific medium article.
The Savix (SVX) token has got a double function within the Savix ecosystem:
SVX tokens create predictable regular interests generated by its protocol embedded staking mechanism. At the core SVX tokens are the DeFi answer to traditional savings accounts since they embody the option to receive rewards which are regular and predictable as classical fiat savings once used to do.
Additionally the flexibility of letting all SVX tokens unlocked while participating in the staking system offers the potential to use SVX tokens as collateral for other DeFi investments at the same time.
This double nature of SVX tokens lead to the exceptional concept of multiple streams of passive income made possible. Or, referring to the integration and usage of the Trinary application, to the concept of “1 to 3”:
1 token enabling 3 income streams
The Savix token is the backbone to the integrated dashboard with applications built on top of it.
As often in life the way to reach the goals outlined here is a long one. Nevertheless, the path is well-known and we are on our way, having achieved several milestones already.
The Savix token’s smart contract and staking logic is designed, developed, audited and deployed already. The staking mechanics get activated immediately after official trading starts! All ready-to-roll!
The next steps necessary on the way to the inclusive DeFi ecosystem and dashboard illustrated above will be:
🡆 Creating awareness of and market stability for the SVX token.
This task goes along with a lot of marketing and community building since a stable value of the SVX token is essential for all upcoming features to be built upon. Hence interactions with YouTube influencers, but news portals as well will play a major part in this development phase.
🡆Selecting suitable DeFi partners and establishing cooperations with them.
From hundreds of DeFi products and tools available a selection of well-working products will have to be selected in order to set up partnerships to the mutual advantage of both parties. Potential DeFi partners will come from the areas of Decentralized Exchanges (DEX), Decentralized Money Markets (like lending and borrowing), Decentralized Synthetics (like digital shares) and non-fungible token markets.
🡆Best-Practise Solution Savix Trinary
To demonstrate the power of multiple income streams the Trinary dapp will be developed as one of the first priorities.
🡆Savix Integrated DeFi Dashboard
The Savix dashboard will always be organically evolving software the adapts to new partner products as well as ideas and requirements coming from the community. Therefore it will be created in several steps. In connection with Savix Trinary a first basic version of the dashboard will be released. With the following releases of the dasboard new functions and DeFi partner products will be integrated.
There are two main use cases of the SVX token which are independent from each other and can therefore be combined:
It is the independence of the two characteristics mentioned that allow the feature of simultaneously combining multiple streams of income.
Directly after the start of SVX token trading there won’t be many partnerships with DeFi project established yet. Therefore the range of DeFi projects Savix holders can use with SVX tokens as collateral will be small in the first project stages and not existing in the very beginning. On the other hand the Savix staking mechanics are designed that staking rewards will be highest during these early project stages. In this situation Savix’ value has to be created by network effects, specifically by steadily growing Savix’ user base. For this reason marketing will play a central part in the first project stages of Savix.
While the height of staking rewards will slowly be reduced by time, the amount of partnerships with DeFi projects, for which SVX tokens can be used as collateral, will increase steadily as well as the the functionalities of the Savix DeFi dashboard will. The more the feature of easy-to-use DeFi functions becomes the main motivation for holding Savix tokens the less important the height of Savix’ staking rewards will be and the lower the token’s inflation rate can drop. Staking interest will transform from being the main incentive for holding Savix tokens to a comfortable side effect that can be used for risk balancing when investing into DeFi.
This way Savix will transform itself from being a specialized staking token into a generalized DeFi collateral coin with a vivid ecosystem of partner projects in the long run.
The Savix DeFi dashboard will make our mission statement come true to enable ”Easy DeFi For Everyone”.
Would you like to earn TOKEN right now! ☞ CLICK HERE
Savix is now live on the Ethereum mainnet. The token address for SVX is 0xc434b27736a6882d33094d34792999702860a13c. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy SVX token
The top exchange for trading in SVX token is currently Uniswap, Bilaxy, and ExMarkets
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SVX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com ☞ https://www.bittrex.com ☞ https://www.poloniex.com ☞ https://www.bitfinex.com ☞ https://www.huobi.com ☞ https://www.mxc.ai ☞ https://www.probit.com ☞ https://www.gate.io ☞ https://www.coinbase.com
Find more information SVX
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
Don’t hesitate to let me know if you intend to give a little extra bonus to this article. I highly appreciate your actions!
BTC : 1FnYrvnEmov2w9fovbDQ4vX8U2dhrEc29c USDT : 0xfee027e0acfa386809eca0276dab286900d75ad7 DOGE : DSsLMmGTwCnJ48toEyYmEF4gr2VXTa5LiZ
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
Can I write on a Bitcoin Blockchain? Can I drop down a message? Yes, Luca of course you can! You can leave a message on a Bitcoin blockchain using a particular op code, called OP_RETURN.
In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors...
Our Blockchain Online Training will provide you to learn about Blockchain technology aspects with realty. Our Blockchain Course also includes live sessions, live Projects
Get hands on experinece on block chain live industry experts with real world example at Block chain online Training. Enroll for free demo
Blockchain Council is a group of Blockchain experts offering Online Blockchain Certifications and Training to Blockchain enthusiasts all over the globe. Join us today!