SafuuX plans to revolutionize your entire rebase idea.
BRISBANE, AUSTRALIA / ACCESSWIRE / August 19, 2022 / Leveraging the continued success of the Safuu protocol, the Safuu staff has introduced the upcoming launch of the SafuuX. The world’s first auto-rebasing layer 1 blockchain, scheduled for Mainnet in January 2023. The SafuuX blockchain will use a Proof of Staked Authority (PoSA) consensus mechanism and have SFX because the native coin, and SafuuX DEX because the native decentralized trade on SafuuX chain.
SFX will characteristic an enormous by no means earlier than seen introductory APY of 191,888% achieved by way of rebases, and make use of a FixedFlex Mannequin thereafter, providing as much as 3.24% APY per day. SFX can have the identical auto-rebasing, auto-compounding, and auto-staking mechanisms as the unique Safuu, making certain holders earn reward payouts each quarter-hour.
“After seeing how profitable the preliminary Safuu challenge was, it was apparent that increasing the idea right into a full-fledged layer 1 blockchain was the pure development of the protocol,” mentioned Bryan Legend, the CEO of Safuu. “That is a completely new idea, one thing by no means seen in DeFi, and now we have lots of further options and advantages that we are going to announce within the close to future,” he added.
Beginning October twentieth, 2022, there will probably be an preliminary ‘Sacrifice Occasion’ the place present Safuu token holders and holders of BTC, ETH, BNB, FTM, XRP, SOL, DOT, AVAX, MATIC, DOGE, SHIB and USDT/USDC/BUSD secure cash will be capable to sacrifice their present cash for SFX previous to the check internet going dwell.
The earliest sacrificers on day one will probably be eligible for as much as a 50% multiplier of their sacrifice rewards. The multiplier reward will lower over time within the subsequent days, making certain that early sacrificers are rewarded probably the most whereas nonetheless ensuring even late sacrificers will probably be rewarded plentifully.
SFX tokenomics embody an preliminary provide of 375 million cash, and an preliminary predominant internet launch value of $9.00 USD.
For extra info on SFX and the SafuuX Chain, go to https://www.safuux.com/
SafuuX Chain is the world’s first unbiased rebasing blockchain which makes use of Proof of Staked Authority (PoSA) consensus on a system of validators. SafuuX boasts sensible contract performance and can also be EVM suitable. The native coin of SafuuX Chain is SFX which is used for paying gasoline charges, validator staking and block rewards. SafuuX Chain is a standalone blockchain which not like different Layer-2 options, doesn’t work together instantly with Ethereum base chain.
Safuu offers a decentralized monetary asset which rewards customers with a sustainable mounted compound curiosity mannequin by way of use of its distinctive SAP protocol. Safuu delivers the trade’s highest mounted APY, paid each quarter-hour, and a easy buy-hold-earn system that grows your portfolio in actual time.