World's First Auto-Rebasing Layer 1 Blockchain Is Set for 2023 Release

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Press Release: SafuuX plans to revolutionize the entire rebase concept.

August 19, 2022, Brisbane, Australia - Leveraging the ongoing success of the Safuu protocol, the Safuu team has announced the upcoming launch of the SafuuX. The world’s first auto-rebasing layer 1 blockchain, scheduled for Mainnet in January 2023. The SafuuX blockchain will use a Proof of Staked Authority (PoSA) consensus mechanism and feature SFX as the native coin, and SafuuX DEX as the native decentralized exchange on SafuuX chain.

SFX will feature a huge never before seen introductory APY of 191,888% achieved through rebases, and employ a FixedFlex Model thereafter, offering up to 3.24% APY per day. SFX will have the same auto-rebasing, auto-compounding, and auto-staking mechanisms as the original Safuu, ensuring holders earn reward payouts every 15 minutes.

“After seeing how successful the initial Safuu project was, it was obvious that expanding the concept into a full-fledged layer 1 blockchain was the natural progression of the protocol,” said Bryan Legend, the CEO of Safuu. “This is an entirely new concept, something never seen in DeFi, and we have a lot of additional features and benefits that we will announce in the near future,”  he added.

Starting October 20th, 2022, there will be an initial ‘Sacrifice Event’ where existing Safuu token holders and holders of BTC, ETH, BNB, FTM, XRP, SOL, DOT, AVAX, MATIC, DOGE, SHIB and USDT/USDC/BUSD stable coins will be able to sacrifice their current coins for SFX prior to the test net going live.

The earliest sacrificers on day one will be eligible for up to a 50% multiplier of their sacrifice rewards. The