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Press Launch: SafuuX plans to revolutionize all the rebase idea.
August 19, 2022, Brisbane, Australia – Leveraging the continuing success of the Safuu protocol, the Safuu crew 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 alternate on SafuuX chain.
SFX will characteristic an enormous by no means earlier than seen introductory APY of 191,888% achieved via 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 venture was, it was apparent that increasing the idea right into a full-fledged layer 1 blockchain was the pure development of the protocol,” stated Bryan Legend, the CEO of Safuu. “That is a wholly new idea, one thing by no means seen in DeFi, and we’ve got loads of further options and advantages that we’ll announce within the close to future,” he added.
Beginning October twentieth, 2022, there will likely be an preliminary ‘Sacrifice Occasion’ the place current Safuu token holders and holders of BTC, ETH, BNB, FTM, XRP, SOL, DOT, AVAX, MATIC, DOGE, SHIB and USDT/USDC/BUSD steady cash will be capable of sacrifice their present cash for SFX previous to the take a look at internet going stay.
The earliest sacrificers on day one will likely 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 essentially the most whereas nonetheless ensuring even late sacrificers will likely be rewarded plentifully.
SFX tokenomics embody an preliminary provide of 375 million cash, and an preliminary fundamental internet launch worth of USD 9.00.
For extra data 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 good contract performance and can also be EVM appropriate. The native coin of SafuuX Chain is SFX which is used for paying fuel 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 supplies a decentralized monetary asset which rewards customers with a sustainable fastened compound curiosity mannequin via use of its distinctive SAP protocol. Safuu delivers the business’s highest fastened APY, paid each quarter-hour, and a easy buy-hold-earn system that grows your portfolio in actual time.
CMO 2IC, Safuu