Successful Presale! What Comes Next ?

1. RESULTS OF THE PUBLIC PRESALE PHASES

Our presale has been split into several phases. To start with, a complete overview will be given here:

1.1. Initial Presale

The goal of this sales round was to acquire sufficient seed capital in order to build up the sales structure needed for a successful public presale. Since we decided against any private sale this was the most important sales round for Savix, bringing it all on the way.

1.2. IEOs on Exmarket and LaToken

For a DeFi project aiming to reach a large group of users particularly including users, who aren’t technical experts, it seemed to be logical to head for cooperation with centralized exchanges (CEX) for the next presale round. Typically people start getting involved with crypto at a CEX first. Originally we had the idea to start with one of the big exchanges in Korea, since we believed the concept of Savix could fit especially well with the investment culture there. In the end exchanges like Probit turned out to take immense fees just to setup an IEO. Therefore we had to abandon this idea and luckily found exmarkets exchange while researching for an alternative. Having read good sounding reviews about Latoken as an IEO launchpad we decided to add another exchange offering in order to broaden the user base even more.

1.3. ILO on Unicrypt

The main reason for choosing Unicrypt for the final sale phase was the secure way to automatically open up Uniswap pools with locked liquidity. Since Savix depends on a well working and secure Uniswap pool in order to realize the Trinary dapp (see https://savix-org.medium.com/savix-trinary-3-income-streams-explained-7e194a81c507) we think that this was the best choice to make.

2. BURN PLAN

Additionally to the tokens that have not been sold although having been assigned to one of the sale phases, there have been some token left unassigned. This is due to the fact, that in January, when we started designing our tokenomics, the Ethereum price had been much lower. Since we did not want to change all prices set up in ETH we decided to leave some tokens unassigned in order not let the market cap grow too much from the beginning.

2. START OF STAKING

Our staking mechanism started on March 27th, 10pm UTC.
All holders, who participate in staking, are called to put theirs SVX into any ERC20 compatible wallet they hold the keys of.

3. THE ROAD AHEAD — MARKETING PLAN DEVELOPMENT

During the next week to come our team will focus on solid support for a stable market development of the Savix token at Uniswap as well as at the centralized exchanges.

3.1. Marketing

  • We will launch YouTube videos in cooperation with prominent channels to explain Savix and to give the project a bigger reach.
  • We will publish articles at crypto news sites to acquire new audience for the project.
  • We will reach out to first real partnerships. During the presale phase we have been primarily cooperating with platforms, helping us to successfully carry out the presales. Now we will focus on other DeFi projects to create first synergies.
  • If appropriate, we will place ads on various sites, we believe to be helping at getting a wider reach of new users.
  • We will continue making AMAs to keep the community informed and to promote Savix to new communities.
  • We will continue to promote Savix to important listing platforms like coingecko, coinpaprika, coinmarketcap, but also to portfolio applications like blockfolio and others.

3.2. Development

As soon as things will have calmed down a bit concerning the market movements we will focus on development fo the next milestones defined in our roadmap (https://savix.org/#roadmap).

The Savix project aims at making decentralized finance products available to non-tech-savvy users. The Savix token enables gas-free automatic staking rewards.