The presence of cryptocurrency over the past few years has cause a rapid and an ongoing growth in the financial sector and presently the cry...
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.
With Savix, virtual currency is now available for the first time, making it possible to profit from reward rates while maintaining an unlocked and liquid token that can be used for free on any DeFi product at the same time.
Benefits for currency holders:
Multi-Beneficiary
Since the Embedded Staking Protocol (PES) ensures full availability of tokens in other DeFi products, the rewards can be “doubled” with Savix. Thus, betting rewards are an additional layer of passive income. The forthcoming Trinary Liquidity Incentive Program (see 7) will offer Savix holders another very special additional source of income.
Convenience
Savix betting is built into standard ERC20 transfer features, is fully automated and 100% passive, so no decision or user interaction is required to receive rewards.
Flexibility
Savix is compatible with any Ethereum-based DeFi project. Savix coins can be used, like all standard ERC20 tokens, for pooling, lending, growing crops, mining. At the same time, continuously providing holders with additional tokens for betting.
Satisfaction
Savix's embedded protocol rates evenly adjust all balances according to the embedded offering curve (see 3). No preference is given to any particular holder. All wallets are treated in the same way, regardless of balance, transaction volume or other parameters.
Transparency
Savix sources are open source. All programming codes and contracts are available through Github and can be verified and tested by anyone. Due to the deployment of a single contract, any manipulations with the logic of the contract or the maximum offer are impossible, there is no minting of additional coins. Staking rewards are completely transparent and predictable.
Stability
Savix does not have any reward events at the end of lockout periods that could generate cyclical dumps. Except for market reasons, selling Savix is never easier or more profitable at any given point in time, which reduces volatility.
Independence
With Savix, you remain independent because tokens are always liquid, earning rewards (no blocking), and can be freely moved or invested in DeFi products.
These features are made possible by the unique Inline Staking Protocol (PES), which implies the ability to invest in high-yield DeFi products with predictable backing from conservative staking.
Briefly about the features of Savix:
Embedded betting protocol compatible with any DeFi project fully automated - 100% passive
unique project (no copy / paste) real-time rewards additional level of passive income completely transparent working mechanism resistant to manipulation Artifact ready to be deployed
Using Savix, investors can receive triple rewards:
● ETH and Savix from the Uniswap commission share
● Savix from the built-in ERC20 betting protocol
● ETH from the Savix "Trinary" pool
In order to implement the stacking features mentioned above, the stacking mechanics are built into the ERC20 protocol. The algorithm works by regularly increasing the total number of tokens in accordance with the mathematical logic implemented in the smart contract. Account balances are determined by their individual share in the total supply, which guarantees a non-dilutive distribution of tokens. Thus, the relative staking profit remains and remains the same for all accounts regardless of size and user-related parameters such as staking duration, stake pool selection.
The mathematical logic behind the built-in stacking of the Savix protocol has the following characteristics:
● Transparent supply calculation, predictable for investors.
● Calculation stability with respect to user behavior and network effects.
● Efficient calculation of computing power and transaction costs.
The following chart shows the Savix supply curve normalized to a total supply of 1.
To set specific incentives to buy and hold, early investors are rewarded in the form of daily interest rates in excess of 2% during the first days after betting starts. If you start with an investment of 100 Savix (SVX) that you purchase before the betting mechanism is activated (right after the start of Uniswap trading), you can expect to be rewarded according to the table as follows:
Project roadmap:
Project partners:
Token distribution and budget distribution:
Budget Allocation:
● 36% Uniswap Liquidity
● 7% Ecosystem Fund
● 30% Further Development
● 17% Marketing
● 10% Reserve
Token details:
● Ticker: SVX
● Platform: Ethereum.
● Token type: ERC-20
● Available: 70,000 SVX (70%)
● Total supply: 100,000 SVX.
● IEO price: 1 SVX = 0.0166 ETH.
● Accepted currencies: ETH
● Bonuses: 20% discount.
Unsold tokens will be transferred to the next stages of pre-sale preparation.
● Presale exchange rate: 1 ETH = 60 SVX.
● Adjustment February 4, 2021: Additional bonus of 10% (10SVX / ETH) taken from the ecosystem fund.
● Token contract address: 0x8a6e8e9f7d61e97bde7e66336dbeea4fcbb388ae
● Presale will end on February 8, 2021 or when the maximum amount of ETH is increased.
● Minimum contribution: 0.1 ETH
● Maximum contribution: 15 ETH.
Uniswap Liquidity Pool
Shortly after the presale, we will host Savix on Uniswap for public trading.
● Starting price: 1 ETH = 50 SVX.
● Estimated liquidity (presale target achieved): ~ $ 800,000–1,000,000 (dependent on Ethereum volatility)
● Estimated market capitalization: ~ $ 1,800,000 - $ 1,900,000.
The Uniswap pool will be locked for 6 months - long enough to gain the trust of the community. Locking the pool longer than necessary poses a certain liquidity risk should the Savix contract need to be renewed or rescheduled in the future.
The Savix project aims to make decentralized financial products available to non-tech-savvy users. Savix token allows you to automatically receive rewards without using gas.
More information about the project:
Website: https://savix.org
Telegram: https://t.me/savix_org
Twitter: https://twitter.com/savix_org
Medium: https://anatol69.medium.com
Github: https://github.com/SavixOrg
Author : Dalazz_20
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2773943
ETH : 0x4d387FB72dB04B74DEaE07525d785A797d5A96b8
Introduction Applications in the area of decentralized finance are one of the most important fields of use for digital currencies today. Wit...
Introduce
Since blockchain technology has evolved, so are new programs. One is your stock exchange, where you can exchange your cryptocurrency. You will now find thousands of inventory markets on earth. These stock exchanges are decentralized and split into the underlying stock exchanges. Decentralized inventory brings to market a system where all data is not kept in an archive where user information is secured in blocks with smart contracts. To be honest, I find such a stock market safer. Because the stock market essentially stores all of the user information in one repository. When it is not fully protected, there can be a number of problems. For example, the largest currency markets on the planet are truly only a central stock market when they are located in Binance. In addition, there are many different stock markets and they all have different characteristics. People intend to choose what's best for themselves if they rate such exchanges. But frankly, I personally haven't found a stock exchange yet. I am almost satisfied with every stock trade I use right now.
The stock market is an essential tool for its crypto universe. As we maintain all of our digital resources here, rate them and draw them from here. As blockchain technology develops, the market value and the purpose of the stock market increase and may continue to increase.
About KNIT.FINANCE
KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges, and real-world markets with yield, lend, trade and margin services through smart contracts. This also gives cross-chain liquidity aggregation in a Completely transparent 100% verifiable. Community-led initiative.
KNIT. Finance is the next generation of Defi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT. Finance by generating equivalent synthetic tokens in a 1:1 ratio, hence unlocking billions of dollars and trade access which can be censor proof.
Anything decentralized should be available to anyone and everyone. But DeFi today is predominantly dependent on ERC-20 tokens. ERC-20 standard has proven to be the go-to for decentralized lending, borrowing, and yield farming, etc. However, this leaves out the participation of other assets of independent blockchains. These assets and their hodlers have a huge barrier to entry into DeFi. KNIT.finance solves this problem in one fell swoop.
KNIT.Finance unlocks the entire crypto ecosystem to DeFi using cross-chain synthetics and bridges. Existing DeFi protocols determine which tokens and projects get to participate. KNIT Finance’s decentralized protocol leverages smart contracts to combine DeFi pools with billions of assets from non-ERC-20 chains. By creating a standard for non-ERC-20 coins to convert to synthetic ERC-20 tokens, KNIT Finance opens up an entire world of new possibilities.
Any coin or token on any blockchain could be converted to an equivalent synthetic token of the ERC-20 format. The original token and the synthesized token will represent each other in a 1:1 ratio. On the contrary, with KNIT, ERC-20 tokens could also be synthesized on other blockchains in a 1:1 ratio. In addition to cryptocurrencies, real-world assets such as fiat, gold, and stocks can be synthesized using KNIT Finance.
Features
Every Coin
For every coin hodler, we provide an option to trade and leverage their coins in the DeFi space. Coins (E.g.: LTC) that were previously out of DeFi’s scope will now have complete access to all of DeFi’s features.
Flexibility of ERC-20 standard
ERC-20 standard is known to be flexible, possessing the highest transferability and accessibility with the world’s second-largest blockchain network. Every coin now has the opportunity to leverage Ethereum’s flexibility.
Global Liquidity Pool
A global liquidity pool is being opened to Ethereum and vice versa.
Read-World Assets
Stocks, Gold, and Fiat can be synthesized to trade on Decentralized Exchanges, essentially decentralizing centralized assets, giving more power to the trader.
Community-Driven
100% governance of these tokens will be through the community.
DAPPs
DAPPs can now access tokens on other blockchains using only their Ethereum nodes via KNIT’s synthetic tokens. They can also receive payments in these tokens.
Knit Finance & Elrond: Interoperable Synthetics
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Our platform is focused on cross-chain synthetic materials to make them available for use cases including trading, lending, profitability and in-chain margin services.
By tokenizing assets, Knit Finance is activating a liquidity pool spanning multiple blockchains, as well as bringing DeFi into multiple chains, which until now has only been possible in Ethereum.
“The Elrond blockchain has some desirable technical properties such as high throughput, low costs, and highly configurable tokens, which we believe our users will find appealing. We’re excited to become a part of the fast-growing Elrond DeFi ecosystem!”
Conclude :
However, the clear presence of projects like KNIT.Finance is planning to revolutionize the entire stock market. KNIT.Finance wants to create its own stock swaps to answer all customer considerations and also wants to start a whole new revolution. In case you really want to learn more about the project, you should contact the project at the address below.
Information
- Website: https://knit.finance/
- Telegram: https://t.me/knitfinance
- Facebook: https://www.facebook.com/KnitFinance-106586011273309
- Linkedin: https://www.linkedin.com/company/knitfinance
- Twitter: https://twitter.com/KnitFinance
- Medium: https://knitfinance.medium.com/
- Bounty: https://bitcointalk.org/index.php?topic=5324900.0
Author : Dalazz_20
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2773943
ETH : 0x4d387FB72dB04B74DEaE07525d785A797d5A96b8
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