The SafeMoon Token Protocol is a community-driven, fairly launched DeFi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn.
What is SafeMoon Protocol
A common misconception with the heavy APY average is the subjectivity of the impermanent loss from staking an LP (liquidity provider) in a farming reward generator. With the explosion of DeFi, we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards. We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in.
However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price. This Is why we have seen the mass adoption of static rewards, also known as reflection, a separate concept that seeks to eliminate the troubles caused by farming rewards.
SAFE MOON Token Price and Overview
The live SafeMoon token price today 2nd April is $4.56e-7 USD with a 24-hour trading volume of $9,485,484 USD. SafeMoon is up 69.64% in the last 24 hours. The current CoinMarketCap ranking is #2427, with a live market cap of not available. The circulating supply is not available and the max. supply is not available. Self-generating liquidity token – Reflection paid back to holders.
The safe moon is a Defi cryptocurrency launched in the mid of March 2021. It recently launched and went very high. It went from zero to top in just seven days. Safe moon protocol works on 3 simple functions:
- Reflection +
- LP acquisition +
In each trade, the transaction is taxed a 10% fee, split two ways.
- Currently the total supply of the coin is 1,000,000,000,000,000,
- Burned Dev Tokens: 223,000,000,000,000, and
- Presale Supply: 777,000,000,000,000 . 5% fee = redistributed to all current holders 5% fee is split 50/50, half of which is sold by the agreement into BNB.
In contrast, the other half of the SAFE MOON tokens are paired automatically with the previously mentioned BNB and appended as a liquidity pair on Pancake Swap.
Safemoon Token Contract Address
Safemoon token contract address is 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3. Safe moon protocol is a mixture of RFI tokenomics with the added function of auto-liquidity generating protocol. A fork from BEE with some added benefits.
First, the dev has minted the tokens – sent the balance to DxSale for fair launch – and then burned the remainder of the tokens. Dev had to partake in presale.
Second, utilized the DxSale protocol to foster trust in the community by auto-locking liquidity for 4 years. Simple tokenomics and elegant design and production of token information have catered to the overall success of the project. 100% community-owned and driven – no rug is possible.
How to Buy Safemoon
- Download the app, Trust Wallet App
- Purchase BNB or BSC
- Go to the DApps tab at the bottom, and find PancakeSwap. iPhone users may need to enable the trust browser, then use the browser tab.
- Click “Select a currency” and enter this contract address into the search field, and you should be able to find SafeMoon Contract Address. 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
- Before swapping, click on the cog wheel and set the slippage to between 11-12%
- Now, set the amount you want to purchase and press the swap button.
- Confirm the transaction and…HODL
Protocol Initialized Q2021
We have successfully onboarded and confirmed a DogeCoin trading pair with Bibipom. We have also successfully begun integration process with WhiteBit [Imminent] and began legal paperwork with Bitmart. Our team size has doubled and our marketing campaign has begun.
The Initial Push Q2021
The Whitebit tokenomics integration will be completed along with the completion of the SafeMoon App, Wallet, and Game(s). The Bitmart integration with tokenomics will also be completed in this quarter. We will begin architecting the NFT Exchange as well as video-game integrations. We will be integrating SafeMoon with African Markets in addition to setting up a Charity drive and charity vote. We will be exploring other exchanges (i.e. Binance) and begin architecting the SafeMoon Exchange. We will be expanding the team by 35% and establish a UK/Ireland office. We will be architecting a crypto educational app as well as onboarding new partners.
Holding the Line Q2021
We will finish our crypto educational app and begin our own charity project. We will begin a community listing donation raise for several exchanges (i.e. Coinbase, Binance, Kraken). We will finish our NFT exchange and release our first video game with SafeMoon integrated. We will be expanding the team by 25% and do a community meetup (pending covid restrictions). We will also be integrating with other large exchanges (I.e. Binance, Mandala).
To the Moon! Q2021
We will finish the SafeMoon Exchange and our charity project. We will finish integrations with our first African market and begin the next integrations with additional African markets. We will create an African-based SafeMoon Office and begin hiring in those markets to create jobs. We will be taking donations for our next charity project and begin a vote on the next project as well. We will be establishing a SafeMoon Scholarship this quarter as well.
Is Safe moon a Good Coin?
Without Doubt the safemoon token is going to moon, and early investors are going to bag profit of over 9000% and above as the case maybe. Safemoon token is a good long term investment.