Sang Hyang Rancasan: SAVIX

SAVIX

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 DeFi product at the same time.

Protocol Embedded Staking (PES)* used here is deeply anchored in the base code of the currency and does not require any explicit control or triggering by the user. All wallets holding Savix tokens automatically and permanently take part in the staking process.

All contracts and tools needed for deployment are fully developed and in the last steps of internal auditing. At the moment the contracts are running smoothly on the Rinkeby testnet. We plan to switch to mainnet in the beginning of December 2020.

If you’d like to stay up-to-date, please visit our website and join our social channels (see end of this article).

The Vision

Our main objective is to let users profit as much as possible from the new investment opportunities created by decentralized finance with as less barriers as possible. Therefore 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.

We believe that Savix is the best collateral for decentralized finance because, it is

1. Multi-Beneficiary

Since Protocol Embedded Staking (see next paragraph) allows complete availability of token usage in other DeFi products, rewards can be “doubled” using Savix. This way staking rewards work like an extra Layer of passive income. The upcoming liquidity incentive program “Trinary” (see 7) will offer Savix holders another distinctive additional income stream.

2. 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.

3. 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.

4. Fair

Savix protocol embedded staking evenly adjust all balances according to the embedded supply development curve. 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.

5. 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.

6. 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 less volatility.

7. Independent

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

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

17% Marketing

10% Reserve

Token Details:
Ticker: SVX

Platform: Ethereum

Token Type: ERC-20

Available for sale: 70,000 SVX (70%)

Total supply: 100,000 SVX

IEO Price: 1 SVX = 0.0166 ETH

Accepting: ETH

Bonuses: 20% Discount

Roadmap
April 2020
Idea: “Protocol Embedded Staking”
May 2020
Assemble Savix Team
June 2020
Mathematics & Algorithm Design
July 2020
Savix Smart Contract Development
August 2020
Whitepaper Alpha Version
Presale Workflow Design / Telegram Bot Development
September 2020
Presale Smart Contract Development
Savix Website Design
October 2020
Smart Contract Simulation And Auditing
Creating Social Channels
November 2020
Presale Dapp Development
Public Start Of Website And Social Channels
December 2020
Community Building
January 2021
Token Presale
Uniswap Pool
March 2021
Savix Trinary Alpha
April 2021
Savix Trinary Dapp Release