Home Blockchain World's First Auto-Rebasing Layer 1 Blockchain Is Set for 2023 Launch – AccessWire

World's First Auto-Rebasing Layer 1 Blockchain Is Set for 2023 Launch – AccessWire

5 min read
Comments Off on World's First Auto-Rebasing Layer 1 Blockchain Is Set for 2023 Launch – AccessWire

SafuuX plans to revolutionize your complete rebase idea.

BRISBANE, AUSTRALIA / ACCESSWIRE / August 19, 2022 / Leveraging the continued success of the Safuu protocol, the Safuu workforce 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 function an enormous by no means earlier than seen introductory APY of 191,888% achieved by means of rebases, and make use of a FixedFlex Mannequin thereafter, providing as much as 3.24% APY per day. SFX may have the identical auto-rebasing, auto-compounding, and auto-staking mechanisms as the unique Safuu, guaranteeing holders earn reward payouts each quarter-hour.

“After seeing how profitable the preliminary Safuu mission 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 we’ve a number of extra options and advantages that we are going to announce within the close to future,” he added.

Beginning October twentieth, 2022, there can 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 steady cash will be capable to sacrifice their present cash for SFX previous to the check web going reside.

The earliest sacrificers on day one can be eligible for as much as a 50% multiplier of their sacrifice rewards. The multiplier reward will lower over time within the subsequent days, guaranteeing that early sacrificers are rewarded essentially the most whereas nonetheless ensuring even late sacrificers can be rewarded plentifully.

SFX tokenomics embrace an preliminary provide of 375 million cash, and an preliminary fundamental web launch value of $9.00 USD.

For extra data on SFX and the SafuuX Chain, go to https://www.safuux.com/

About SafuuX:

SafuuX Chain is the world’s first impartial 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 appropriate. 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 immediately with Ethereum base chain.

About Safuu:

Safuu supplies a decentralized monetary asset which rewards customers with a sustainable fastened compound curiosity mannequin by means of use of its distinctive SAP protocol. Safuu delivers the trade’s highest fastened APY, paid each quarter-hour, and a easy buy-hold-earn system that grows your portfolio in actual time.

Media Contact:

Damian MacRae
[email protected]


Adblock test (Why?)

Source link

Load More Related Articles
Load More By admin
Load More In Blockchain
Comments are closed.

Check Also

Publish-Merge ETH has change into out of date – Cointelegraph

Staked ETH is extra capital environment friendly and extra worthwhile than common ETH, and…