- SafuuX plans to revolutionize the complete rebase concept.
Brisbane, Australia, August 20, 2022, ZEXPRWIRE, Leveraging the ongoing success of the Safuu protocol, the Safuu team has announced the upcoming launch of the SafuuX. The worlds first auto-rebasing layer 1 blockchain, scheduled for Mainnet in January 2023. The SafuuX blockchain use a Proof Staked Authority (PoSA) consensus mechanism and show SFX because the native coin, and SafuuX DEX because the native decentralized exchange on SafuuX chain.
SFX will include a huge nothing you’ve seen prior seen introductory APY of 191,888% achieved through rebases, and hire a FixedFlex Model thereafter, offering around 3.24% APY each day. SFX could have exactly the same auto-rebasing, auto-compounding, and auto-staking mechanisms because the original Safuu, ensuring holders earn reward payouts every 15 minutes.
After seeing how successful the original Safuu project was, it had been obvious that expanding the idea right into a full-fledged layer 1 blockchain was the natural progression of the protocol, said Bryan Legend, the CEO of Safuu. That is a completely new concept, something never observed in DeFi, and we’ve plenty of additional features and benefits that people will announce soon, he added.
Starting October 20th, 2022, you will have a short Sacrifice Event where existing Safuu token holders and holders of BTC, ETH, BNB, FTM, XRP, SOL, DOT, AVAX, MATIC, DOGE, SHIB and USDT/USDC/BUSD stable coins can sacrifice their current coins for SFX before the test net going live.
The initial sacrificers on day one will undoubtedly be eligible for up to 50% multiplier of these sacrifice rewards. The multiplier reward will decrease as time passes in the next days, making certain early sacrificers are rewarded probably the most while still making certain even late sacrificers will undoubtedly be rewarded plentifully.
SFX tokenomics include a short way to obtain 375 million coins, and a short main net launch price of $9.00 USD.
To find out more on SFX and the SafuuX Chain, visit https://www.safuux.com/
SafuuX Chain may be the worlds first independent rebasing blockchain which uses Proof Staked Authority (PoSA) consensus on something of validators. SafuuX boasts smart contract functionality and is particularly EVM compatible. The native coin of SafuuX Chain is SFX that is useful for paying gas fees, validator staking and block rewards. SafuuX Chain is really a standalone blockchain which unlike other Layer-2 solutions, will not interact directly with Ethereum base chain.
Safuu offers a decentralized financial asset which rewards users with a sustainable fixed compound interest model through usage of its unique SAP protocol. Safuu delivers the industrys highest fixed APY, paid every 15 minutes, and a straightforward buy-hold-earn system that grows your portfolio instantly.