SafeMoon Coin

$2966

What Is SafeMoon (SAFEMOON)?

nSafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.
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nSafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80{053d0b0f5b142c55eacc84f518e2d8a26594e107048ea8aebaa00da6157d06a5} APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
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nSafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.
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nSafeMoon launched on Mar. 8, 2021.

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SafeMoon

Description

What Makes SafeMoon Unique?

nThe SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.
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nWith SafeMoon, they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoon’s Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoon’s manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.

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SafeMoon

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