SafuPhoenix — The next generation DeFi 3.0
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.
The token model behind is an experimental approach to ‘’The circular economy’’ concept, consisting of an Auto-staking feature just by holding the token plus a fixed APY that is sustainable over time and backed by a reserve of funds.
Other protocols allow bonds that passively dilute your position and pass it on to bondholders (thereby reducing your market share). Thanks to the tax system, SafuPhoenix gets its income from taxes, not bonds, and when someone buys or sells, investors benefit. There is no passive dilution to mint new tokens through binding.
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.
The tokenomics of $SPX are meant to ensure the project’s sustainability in perpetuity. The rewards received by $SPX holders come from a fee charged to every user each time $SPX is transacted, either through a buy or sell. This amount is accrued to a special wallet and designed to support the rebase rewards in $SPX going forward algorithmically.
The competitive advantages of $SPX are its unique mechanics like autoliquidity and Auto burn. Feel free to reach the team on Telegram if you have any questions.