$SPX token is powered by rebases, that reward holders with a 0.02481% every 15 minutes. This means an annual compound interest of 398,233.72%. This APY is fixed and it is secured thanks to the 14% and 16% taxes with buys and sells respectively.
Staking, Claiming and Compounding… This is too complicated, expensive and time-consuming process. The good news is that this process is inexistent when you buy $SPX.
Once you hold $SPX in your wallet you don’t have to deal with anything, you automatically receiving rebase benefits. The most user-friendly auto-staking system in DeFi 3.0.
We stray away from degen APYs to keep our treasury healthy while still offering competitive returns. How do we try to issue this many tokens without their price crashing into the endless abyss that is 0? Simple. We have introduced a taxation principle. The tax fees are split and used for different actions within the protocol.
Other protocols allow bonds that passively dilute your position and pass it on to bondholders (thereby reducing your market share). Thanks to our tax system, we get our income from taxes, not bonds, and when someone buys or sells, you as an investor benefit.
Because APYs fluctuate in different protocols, it’s impossible to predict how many tokens you’ll receive during a given time frame. SafuPhoenix pays $SPX holders a daily fixed rate of 0.02481% every 15 minutes, which means an annual compound interest of 398,233.72%, that is Massive!!!