Savvix Tokens Hunter Introduction

Savvix “Tokens Hunter” is a product that established specific profit structure to earn higher returns when the token (ie. BTC) price is sideways, rising or declining within a long period of time. The annualized return is a constant factor. User can enjoy higher return by generating more token in their holding. 

Target users:

Token holders with BTC, ETH and potential other prominent crypto token to enter the market.

Risk investor who believe that the attractiveness of expected return is sufficient to compensate the risk of being converted.

Definitions

Investment Currency: BTC or ETH or any available type of tokens support and release by Savvix.

Observation Period: From the moment you invest until the maturity date.

Hunting Price: Savvix preserves the right to adjust the price to reflect market price movement before the start of the Observation Period.

Interest accrual period: From the moment you invest the token until the maturity date.

Annualized Profit Rate: The rate is the determine by the leverage factor or APR % each time when a type of token launch under the Tokens Hunter.

Balance: The balance will be reserve to minimize the risk of the investment being liquidated and this reserve will be managed by Savvix without using the capital of investor under the Tokens Hunter community pool.

Principal and Interest at Maturity: User will receive the principal and interest at the maturity date. Token will be settled to user’s token wallet account.

Settlement amount: Settlement amount = investment Principal + Accumulated interest profit 

Example: 

BTC Hunter - LONG (Community Cap Pool: 5 BTC), maximum 5 BTC available to invest by investor

Hunting price: $19,000 (ie. based on BTC/USD)

Leverage factor or APR%: 2.0 times or 200% 

Liquidate price: $7,500 

Observation period: 1 year (1^st Sep 2022 ~ 20^th Sep 2023) 

Min. invest: 0.1 BTC Max. Invest: 1 BTC

The realize return upon maturity will be calculate below:

If user invested 1 BTC during the launch of BTC Hunter mentioned above. The price of BTC settle without hitting theliquidate price during the observation period.

The return will be 2.0 BTC accumulated over the observation period of 1 year (maturity date assumed as 20th Sep 2023, GMT 20:00). The Interest profit of 2.0 BTC plus the principal will be settle to token wallet account.

Revenue Rules:

If price settle without hitting the liquidate price. The profit of interest will accrue as example calculation above. It the price hit the liquidate price the investment will be liquidated entirely.

*Termination: User can terminate the contract anytime when user intend to exit within the observation period and/or maturity date. Termination of contract under the Tokens Hunter will be subject to termination fee. Please refer to Savvix Tokens Hunter Risk Disclosure Statement/Section E for more details.

Savvix Tokens Hunter Risk Disclosure Statement

Please read this risk disclosure statement carefully.

Savvix describes the general and specific risks associated with Tokens hunter (“Tokens Hunter”) as part of Savvix’s products and services you may enter into from time to time. This statement is not meant to be an exhaustive list.

You must read this statement in accordance with Savvix Terms of Use found at https://www.savvix.io/links/privacy-amp-policy/181 Savvix offers Tokens Hunter as products and services to you on the basis that you understand the risks involved.

You should always carefully consider whether Savvix Tokens Hunter are consistent with your risk tolerance, investment objectives, investment experience or sophistication, financial condition, financial needs and personal circumstances and other considerations that may be relevant to you.

You should keep yourself informed and be aware of investment risks generally, and in particular, the following:

A. Savvix Tokens Hunter Are an Investment With RISK

Investing/trading in Tokens Hunter is a risky endeavour. Although Savvix Tokens Hunter generally have lower risks and costs compared to derivatives and conventional leveraged tokens (managed by other than Savvix), they are not a risk-free investment.

As a long-term trade or crypto holder, you must acknowledge and agree that you shall access and use Savvix Tokens Hunter at your own risk. You should fully understand the risks associated with Savvix Tokens Hunter and be solely responsible and liable for any and all investment and token earning activity on your Savvix account. Do not enter into a transaction or invest using funds that are beyond your financial means.

B. Type of Tokens supported in Savvix Tokens Hunter program

The type of tokens provisioned under the Savvix Tokens Hunter included BTC (Bitcoin) and ETH (Ether). The list of tokens are subjected to updated time to time based on the availability of liquidity volume in the pool in combination of Savvix and SavvixPay. Savvix may also increase the type of token ie. BNB (Binance Coin) and other primary high volume and high liquidity tokens.

C. Savvix Tokens Hunter Are a Long Term Investment

Investors or traders with longer-term investment horizons shall purchase and hold the Savvix Tokens Hunter at their own risk. There is a possibility that the value of Savvix Tokens Hunter can become zero (0) and cannot be recovered due to inherent market risks, slippage, and any other perceived unknown risks associated with Savvix Tokens Hunter.

D. Savvix Tokens Hunter Rebalance Mechanism

Savvix Tokens Hunter are designed to be unpredictable in rebalance to reduce the vulnerability of being attacked by algorithms on the market. Unlike conventional leveraged tokens (not managed by Savvix), Savvix Tokens Hunter may apply a constant leverage ratio for long term. Hence, Savvix Token Hunter only rebalance during extreme market movements.

E. Commissions, Fees and Charges Associated with Savvix Tokens Hunter

Before you invest or trade Savvix Tokens Hunter you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable.

These fees will affect your expected returns:

i. ZERO Settlement Fees: there are NO fees applicable for contract that settle on the maturity date. 

ii. In the event of early termination, investor or users who terminate the contract before the maturity date will subject 20% of termination charges based on the capital invested. 

Savvix reserves the right to modify or change the fees mentioned above at any time and at its sole discretion. Any such updated fees will apply prospectively to any trades or other transactions that take place following the effective date of such updated fees. You authorize Savvix to remove any amounts from your account for any applicable fees owed by you under these Terms.

F. Liquidity and Pricing Risks Associated with Savvix Tokens Hunter

Due to the nature of Savvix Tokens Hunter’s centralized creation and market liquidity, Savvix strives to provide adequate market liquidity and to make Savvix Tokens Hunter available at a fair price. Savvix shall take reasonable steps, including, but not limited to, capital injection, additional tokens creation and selling tokens in the secondary market, token split or reverse token split to minimize the risks mentioned above.

Savvix reserves the right to temporarily suspend the subscription and redemption of leveraged tokens, but users can still trade in the secondary market.