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SVX

Savix  

#SVX

SVX Price:
$0.09
Volume:
$5
All Time High:
$37.91
Market Cap:
$17.7 K


Circulating Supply:
199,658
Exchanges:
1+
Total Supply:
203,919
Markets:
1+
Max Supply:
Pairs:
5



  SVX PRICE


The last known price of #SVX is $0.09 USD.

Please note that the price of #SVX was last updated over 180 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #SVX statistics should be considered as 'last known value'.

The lowest SVX price for this period was $0, the highest was $0.089, and the exact last price of SVX was $0.08861.

The all-time high SVX coin price was $37.91.

Use our custom price calculator to see the hypothetical price of SVX with market cap of BTC or other crypto coins.


  SVX OVERVIEW


The code for Savix crypto currency is #SVX.

Savix is 2.8 years old.


  SVX MARKET CAP


The current market capitalization for Savix is $17,692.

Savix is ranked #1716 out of all coins, by market cap (and other factors).


  SVX VOLUME


There is a very weak volume of trading today on #SVX.

Today's 24-hour trading volume across all exchanges for Savix is $5.00.


  SVX SUPPLY


The circulating supply of SVX is 199,658 coins, which is 98% of the total coin supply.

Note the unusually low supply of Savix coins which adds to rarity of this cryptocurrency and increases perceived market value.


  SVX BLOCKCHAIN


SVX is a token on the Ethereum blockchain.


  SVX EXCHANGES


SVX is available on at least one crypto currency exchange.

View #SVX trading pairs and crypto exchanges that currently support #SVX purchase.


  SVX RESOURCES


Websitesavix.org
Twittersavix_org
Redditr/SavixOrg
Telegramsavix_org
Mediumsavix-org


  SVX DEVELOPER NEWS



Savix´ Development, Analysis And Outlook, Autumn 2021

The last months have been quite complicated for several reasons, which will be analyzed below. But let’s put some positive aspect first: The Savix contract is smoothly running for about half a year now without any technical issues. Distribution of staking returns work fine exactly as designed. This means that the project can rely on a solid technical basis.Problematic aspectsEarly partnerships turned out to be ineffective. SWFT direct swaps of SVX tokens took several months to actually get enabled by our partner. In the end, we discovered that the transaction fees cumulated to more than the common Uniswap fees and decided not to offer this option to our user for the moment. BiP terminated their project completely.Releasing Trinary as planned turned out to rise unforeseeable regulatory or legal risks for the Savix project. This makes the original Trinary design impossible to realize. Necessary adjustments (technical and -more important- organizational) would increase the costs to a level where the original Trinary concept would become unprofitable. Therefore, focussing mainly on Trinary as a mechanism for price stabilization by reducing the amount of tradable tokens turned out to be an Achilles heel for Savix.Adjustments of the Savix contract have been impossible due to the immutability of the Savix contract. This feature, which originally was meant to guarantee users security from manipulations, unfortunately prevented any...




May 2021 — Notes on Savix Development and Strategy

May 2021 — Notes on Savix Development and Strategy The last weeks have been very complicated for us, things somehow went topsy-turvey for us. Instead of explaning everything in many small postings in our channel we decided to give you an overview of Savix project development and our next strategical steps here:1) BSC or other chains We are regularly checking options. Bridging is one option, switching the token to another network as well. BUT: We will only do anything in this direction if we actually see real profit for Savix holders! We will not do anything just out of actionism or because there is so much hype at BSC or because some Savix holders request it in our channel. Priority for us will always be the potential long-term profit for you, the savix holders. Your profit is Savix’ success is our profit. Having made this clear, I can say that we already have had talks with projects experienced in building cross-chain bridges. Since Savix works a bit different than other ERC20 tokens there are some technical challenges, but they seem solvable. Still we are not clear about the strategic advantages. After all one of Savix special features is the automatic and gas-free staking mechanism, which especially makes a big difference on the Ethereum chain. We cannot see how bridging Savix to BSC would actually bring new holders to the token. In case we could restart the token completely at BSC including a restart of the sta...




Successfull Presale! What Comes Next ?

Successful Presale! What Comes Next ?1. RESULTS OF THE PUBLIC PRESALE PHASES Our presale has been split into several phases. To start with, a complete overview will be given here:1.1. Initial Presale The goal of this sales round was to acquire sufficient seed capital in order to build up the sales structure needed for a successful public presale. Since we decided against any private sale this was the most important sales round for Savix, bringing it all on the way. At this time Savix has not been externally audited and the project has been completely unknown to the public. Hence we rewarded everybody putting trust in our project at this early stage with an extra bonus reward. Including this reward the sales price for the initial presale round was 70SVX/ETH, which at the time was an equivalent of about 22–24 USD per SVX. The initial presale took place from Jan25th to Feb 08th 2021. In total 47 investors participated in the initial presale. A sum of 57,69546061 ETH could be raised in this first presale round. All in all 4038,68 SVX tokens out of 5000 (80,77%) have been sold.1.2. IEOs on Exmarket and LaToken For a DeFi project aiming to reach a large group of users particularly including users, who aren’t technical experts, it seemed to be logical to head for cooperation with centralized exchanges (CEX) for the next presale round. Typically people start getting involved with crypto at a CEX first. Originally we had th...




Savix Token Transparency Sheet

This sheet documents all of our SVX transfers.No sales from us will happen before we can unlock our Team Tokens.Ecosystem: https://etherscan.io/address/0xff95D64e1F42a7a95Bf8abc9bF2E3638092896aA#tokentxns 7000 SVX transferred to our ecosystem cold wallet from our Deployer: https://etherscan.io/tx/0xcf4639aa28b4263a01ad0fa28934702a911122c8e389e82f9419e833bf0825e3 https://etherscan.io/tx/0x044d322aa010ba2922f6bb0e96aa03ed8c482c937e107fa06744e127480e8dbe 283 SVX transferred back to our deployer because it was used for marketing (see “Other Transfers”) https://etherscan.io/tx/0x6726ae1cb68909bff537a5727edffeb233661618176e17f914a007eccbf5ec4aBounty: https://etherscan.io/address/0xa493e66e0f205E8F75f6085d952D05D3fcb8c008#tokentxns 3000 SVX transferred out from our deployer to our bounty cold wallet: https://etherscan.io/tx/0x99be7d5a9576a4f51e9ecf2330c646dd62f442625520852d4aaefd81bfece1c8Locked Team Tokens (100 Days): 5000 SVX transferred out from our deployer to Team Finance for Locking: https://etherscan.io/tx/0x526425873ba292b7b03b0b643ef286adfa66125ee2c2d922dfae14e7986148d2 Locking Transaction: https://etherscan.io/tx/0xca68df66fe72fb6b2a390fdbebc65956755a245dbafd46a72874dbf6614ad82cInitial Presale Distribution: 4038 SVX transferred out from our deployer to our initial presale participants: https://etherscan.io/tx/0x6a7ca9eb2e22baf884be488629b287a89e02712516a159354e762a2c7bab9719Burned Tokens: 23720 SVX burned (Unsold to...




Countdown For Going Live — Preparations For The Public Trading

Countdown For Going Live — Preparations For The Public Trading Only a couple of days from now and Savix will hit public trading. The project will be available for trading at the two classical exchanges Exmarkets and Latoken as well as the decentralized platform Uniswap. For security reasons the creation of Savix’ Uniswap pool will be completely automated by the well-known service platform Unicrypt (see our article “The road ahead ..”). Another big news for Savix is the recently successfully completed audit by QuilAudits without major issues (see “Savix Audit Finished”) We consider both of the above mentioned steps to be important milestones for a successful development of Savix. Nevertheless, there are some aspects all Savix holders who participate in the initial presale and/or airdrop campaign should be aware of. Due to the following reasons the Savix contract had to be redeployed: • Integration of a burn function • Requirements to launch a sale on Unicrypt • External audit Details on those three aspects can be found at the article “The road ahead ..”. Current holders of SVX tokens will have to do nothing. The new SVX will be airdropped automatically to the ETH addresses published at google drive right after the creation of the Uniswap pool. Investors buying tokens at our Unicrypt ILO will get their tokens diretly from the Unicrypt platform at the same day the Uniswap pool will be launched. All...




Savix Audit Finished: ZERO Issues!

We passed our external Audit carried out by Quillhash.Savix Audit Completed Quillhash found 5 medium and 3 low severity issues which got all fixed by us. During our second pass, no more open issues could be found. The code for the audit was taken from following our official GitHub link: https://github.com/SavixOrg/Savix/tree/main/contracts Commit Hash Savix.sol: 5b900419d83135d33902245ab158a8e0333c5de9 Commit Hash SavixSupply.sol: 6b5923e6d289b5fba4e394734768265f952b64bb We also received an ERC20 compliance certificate, verifying that our underlying staking system does not interfere with the ERC-20 interface. Click here to view the certificate. Investors and token holders have another proof that our contract will behave in the intended way. Since SVX is a single contract implementation without interaction with oracles or other third-party contracts, our attack surface is minimal. Savix features top-notch security and will be able to function properly over the total lifespan of the ethereum network. Click here to view the full audit report pdf.




The Road To Smart DeFi For Everyone

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 DeFi opportunities while keeping full flexibility of token usage. The inflation/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 additional tokens and works completely automated.“Easy DeFi For Everyone”  — savix mission statementSavix Dashboard As Heart And Brain Of Savix Savix can be your crypto currency for use for payments and usage as collateral in all kinds DeFi services. Since those services can be offered by anyone acception Savix as payment token, there are no dependencies or limitations for future developments. 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 marketsDifferent aspects of DeFi united in Savix dashboar...




Savix Staking Rewards — An Example Calculation

Savix Staking — An Example Calculation The chronologically fixed supply curve defines how the token`s inflation developes by time. The fair and equal distribution of this inflation to all holders realizes a kind of staking reward exactly predictable for any point in time. This absolute transparency leads to the fact that no special stimuli for token dumps arise at any specific moments. This is one important difference to traditional pool based staking methods. The total supply is recalculated with each token transfer executed by the smart contract. This way the supply is controlled without any external triggers. All Savix balances will grow up to 3 times of the initial investment during the first 5 years. To set some buying and holding incentives kick-starting the ecosystem early investors are rewarded with daily increase rates of more than 2% within the first days after the staking starts. If you start with an investment of 100 Savix (SVX) you acquire before the staking mechanism is activated (directly after Uniswap trading has begun), you can expect rewards according to the table as follows: In the first year you will add 85% to your initial balance if you start on day 1! 100 Savix will turn to become 185 SVX. Savix staking let`s you know what to expect. And don‘t forget that meanwhile, your tokens remain unlocked to give you the opportunity to use your currency tokens the way you wish.




Initial Presale Closed: What comes next ?

Initial Presale Closed: What Comes Next ?1. RESULTS OF THE INITIAL PUBLIC PRESALE The initial public presale of SVX tokens started on January 25th 2021 and ended on February 8th 2021. In total 47 investors participated in the initial presale. A sum of 57,69546061 ETH could be raised in this first presale round. The average transaction fee per contribution has been 0,01135209 ETH or 19,79 USD respectively. Savix team thanks all initial investors for their trust and engagement at this early project stage. We know very well that a decision to invest into a project in this early stage is often accompanied by doubts and feelings of insecurity. To take this into account and to acknowledge this a total bonus of 576,9546061 SVX tokens will be given to the investors of the initial presale. All in all 4038,68 SVX tokens out of 5000 (80,77%) have been sold. All investments of this first presale round are listed below. We encourage all investors to check their contributions and reach out to us in case of questions or inconsistencies.Initial Presale Investors You can also access the list via google drive For the time being the transfer of the bonuses is put on hold. This is because the Savix contract will be re-deployed for the following reasons: • Integration of a burn function (see 3.1) • Requirements to launch a sale on Unicrypt (see 2.2) • External audit (see 3.2) We consider this measure to be important to ensure a success...




Protocol Embedded Staking – A new way of stabilizing crypto tokens

Staking and Proof of Stake (PoS) The main idea behind the Proof-Of-Stake concept is that participants can lock coins (their “stake”), and at particular intervals, the protocol randomly assigns the right to one of them to validate the next block. Typically, the probability of being chosen is proportional to the amount of coins — the more coins locked up, the higher the chances. This way, what determines which participants create a block isn’t based on their ability to solve hash challenges as it is with Proof of Work. Instead, it’s determined by how many staking coins they are holding. Staking cryptocurrency means that you are taking responsibility to transactions and to support the network by using your cryptocurrency holdings as a guarantee. In order to do this you have to lock a certain amount of tokens, in order to confirm this guarantee. In exchange for locking tokens and strengthening the network this way, users will receive a reward or interest in the form of extra tokens. Thus with staking you can generate a passive income by holding (and locking) coins. Often in colloquial language the term staking is taken as a synonym for this aspect of generally earning extra tokens by holding on to the coins a user owns, without attaching importance to the technical details described above.Market effects of Staking within Proof of Stake Typically there are certain requirement on amount and locking duration within...



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