What is SafeMoon?

SafeMoon is a crypto token launched under the BEP-20 token on the Binance Smart Chain (BSC) blockchain. Within the blockchain ecosystem, there are decentralized finance (DeFi) and centralized finance (CeFi) platforms.

The DeFi ecosystem is not regulated by a central bank but the assets are publicly visible on the blockchain network, while in the CeFi ecosystem the assets are processed through an intermediary exchange. The BSC blockchain incorporates SafeMoon to run in the CeFi ecosystem.

How does SafeMoon work?

It works around the platform’s BEP-20 token, which works with a combination of automatic liquidity generation as well as a reflective token. The token deflation mechanism burned 400 trillion tokens.

Each SAFEMOON transaction charges a 10% fee, thus allocating 5% of the fee to SAFEMOON holders while the remaining 5% of the fee is split in half.

From the halved percentage, half is sold by smart contract into BNB (Binance Coin), while the other half is automatically paired with BNB and added to the Pancake Swap liquidity pool.

With this mechanism, token holders are rewarded with a static reward while their SAFEMOON token sellers are unrecognized in the ongoing sale. Overall, this stabilizes the price of the token and funds the project’s liquidity.

Features of SafeMoon

Manual burn (Burn tokens)

The mechanism that controls the burning of tokens will level up according to the level. This will be very beneficial to the community holding this token. The token burning process will be strictly censored and monitored.

Static rewards

The amount of the static reward will depend on the volume of tokens that have been traded. This mechanism is intended to alleviate the pressure of external token sales. Not only that, but this mechanism also incentivizes investors to hold their tokens in order to get higher support payments. This support will be based on two factors: the percentage of transactions made and the total number of tokens held by the holder.

Automatic liquidity pool

The contract will attract tokens from the buyer and seller sides. The contract then adds the attracted tokens to the LP to establish a solid crypto-currency base.

LPs are created to maintain stability by providing options for adding a few fees to the overall liquidity of the token. The result of this action is to increase the overall LP to support the floor price of the token.

Pros and Cons

Pros

• Low cost and high trading volume.
• Benefiting from the current meme coin trend.
• The feature of collecting a 10% fee when selling a coin and rewarding 5% of the cost to the holders will keep it from falling in price much.
• There are many potential projects about to be developed.

Cons

• The 10% cost of selling the coin will make many short-term investors reject it.
• Position in the market is still low, always evaluated as a speculative coin.
• Currently, Safemoon coins have no utility at all.
• There is fierce competition with many other coins in all aspects.

Token SafeMoon

Key metrics

Token name: SafeMoon

Blockchain: BSC (Binance Smart Chain) platform

Ticker: SAFEMOON

Contract: address 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3

Total supply: total source 1,000,000,000,000,000 SafeMoon

Token standard: BEP-20 . standard

Token type: Utility type

Circulating supply: updating

SAFEMOON allocation

With the above total supply, SAFEMOON tokens will be distributed as follows:

• Even distribution accounted for 77.7%.
• Burning accounts for 22.3%.

Where can SafeMoon tokens be stored?

You can store SAFEMOON tokens at the following storage wallets: Trust Wallet, Coin98 wallet, Metamask, or at exchanges that list this token.

On which exchanges can SAFEMOON tokens be traded?

You can trade SAFEMOON tokens at the following exchanges: PancakeSwap v2, BitMart, MEXC, Hotbit, LBank,…

Why is SafeMoon attractive to investors?

All thanks to the accumulation of investment. To ensure this, SafeMoon’s cryptocurrency will have a mechanism to charge 10% for all transactions made.

Investors will sell their assets to SafeMoon. The transaction fee is 5%. Thus, investors will receive more money. The rest will be transferred to the liquidity fund. This will encourage investors to make fewer trades and try to keep their assets from stagnating.

In addition, there is another plan to create a separate exchange that operates with a tax mechanism. Thus, those who accumulate money will receive rewards.

At the moment, SafeMoon is also launching a campaign to build crowdfunding. The purpose is to mobilize funds to help raise the necessary funds to implement the project. The sales tax would be 10% as a way to deter the actions of “whales”. That does not cause a sudden drop in the value of the cryptocurrency.

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