SafuPhoenix First Asset Multiplication Protocol in every 15 minutes — Auto Staking Fixed 398,233.72% APY
SafuPhoenix ($SPX) is the next generation DeFi 3.0 release on the BSC network that is conceived to earn passive returns in the easiest and most sustainable way.
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.
$SPX token is powered by rebases, that reward holders with a Fixed APY 0.02481% every 15 minutes. This means an annual compound interest of 398,233.72%.
The AutoStake is a simple yet cutting-edge feature that resumes in Buy-Hold-Earn, providing the ultimate ease of use for holders. By simply buying and holding the token in your wallet, you earn rebase rewards directly into your wallet. Your tokens will increase every 15 minutes. Using a Positive Rebasing formula, $SPX makes it possible for daily token distribution directly proportional to the daily rebase rewards. The rebase rewards are distributed on each epoch (rebase period) to all holders.
Backed by a Risk-Free Value (RFV). A Rebase Token is one whose circulating supply expands or contracts due to changes in the token price. This increase or decrease in supply works with a mechanism called rebasing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token. $SPX takes advantage of a positive rebase formula which increases the token supply allowing holders to keep growing their tokens, like in a traditional staking protocol. However our use of a auto-staking, auto-compounding, rebasing token eliminates the need to approve and traditionally stake your tokens.
The RFV uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the RFV wallet. In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes are backed by the RFV parameter, thus ensuring a high and stable interest rate to token holders. $SPX has integrated a comprehensive RFV structure which takes advantage of the trading volume fees in order to back the staking rewards (rebase rewards).
Auto-Liquidity System (ALS)
Every 24 hours our Auto-Liquidity System (ALS) will inject automatic liquidity into the market. On each buy or sell order there is a 4% tax fee that automatically gets stored into an Auto-LP wallet and built into our protocol’s smart contract is the mechanism that smartly takes 50% of the amount of $SPX stored in the wallet, and will automatically buy BNB at the current market price.
The treasury functions as additional financial support for the SAP. This additional support can become important in the event of an extreme price drop of the $SPX token or unforeseen black-swan event. It helps to establish a floor value for the $SPX token.The treasury may also be used to fund new products, services, and projects that will expand and provide more value to the community.
Automated Supply Control (ASC)
2.5% of all $SPX traded are burnt in the Automated Supply Control. The more that is traded, the more get put into the abysm causing the circulating supply to be reduced and keeping the $SPX protocol stable and healthy in the long term.
Vision and Mission
The goal for the $SPX token is simple, to build a Crypto Reserve Currency that will still exist in the years to come and become the base for a future ecosystem that offers a range of crypto products and services, all built from a strong foundation of consistent high APY rewards. SafuPhoenix is the future of the traditional staking system.