SafeMoon

SafeMoon 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.

SafeMoon 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% 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.

SafeMooon 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.

SafeMoon launched on Mar. 8, 2021 with a SafeMoon price of $0.0000000010 and supply of 777 trillion SafeMoon tokens.

John Karony is the CEO at SafeMoon, according to his Twitter profile.

The 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.

With 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.

Learn more in our deep dive on SafeMoon.

Check out PancakeSwap, the popular decentralized exchange on Binance Smart Chain.

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The SafeMoon white paper describes the following: a total supply of 1,000,000,000,000,000, with 223,000,000,000,000 burned dev tokens and a fair launch supply of 777,000,000,000,000,

The SafeMoon protocol, according to the white paper, works in the following way: in each trade, the transaction is taxed with a fee of 10%, which is cut in half. While 5% of the fee is redistributed to all of the token holders at the time, the other 5% is then split in half again, with 50% sold by the contract into BNB, and the remaining 50% automatically paired with the aforementioned BNB and added to PancakeSwap as a liquidity pair.

The SafeMoon white paper has the following plan for the safety of its protocol: the developer burned all tokens in the Dev Wallet before launch, there was a fair launch on DxSale, the LP is locked on DxLocker for four year, and an LP is generated with every trade and locked on PancakeSwap.

As of October 2021, SafeMoon (SAFEMOON) is available to trade on numerous exchange platforms, including: PancakeSwap (V2), Decoin, PancakeSwap, Gate.io, BitMart, ZBG, BiKi, LBank, Hoo, Hotbit, MEXC, Bitbns, Bitrue, WhiteBIT, KickEX, BitForex, BHEX, Jubi and Biswap.

It is listed with numerous SafeMoon price pairs, including ones like: SAFEMOON/WBNB, SAFEMOON/USDT and SAFEMOON/BUSD. To check SafeMoon price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the SafeMoon price page. Alternatively, use the dedicated exchange rate converter page. Popular SafeMoon price pairs include: SAFEMOON/USD, SAFEMOON/GBP AND SAFEMOON/EUR.

SafeMoon Protocol aims to solve the problems of prior cryptocurrencies including mining rewards, farming

rewards, and liquidity provisioning. Mining equipment can be both costly and harmful to the environment, but mining remains

of interest due to the opportunities afforded by it. As an easy alternative to mining rewards, we propose allowing users to

participate in a smart contract token reflection to produce tokens inside their own wallet. Another challenge remains to

facilitate and maintain liquidity on decentralized exchanges. By nature, decentralized exchanges require liquidity for user

participation, thus the responsibility is on the developers to provide it. Historically, developers created incentives aimed at

users to provide liquidity which can be outweighed by risk due to the subjectivity of impermanent loss. As a solution, we

propose utilizing a smart contract function to automatically capture liquidity to be used on the decentralized exchanges and

held in custody independent from user possession. Additionally, a smart contract that provides the capability to burn tokens

can promote scarcity by reducing the total supply. Together, the combination of these tokenomics may afford far superior

benefits for the community within the decentralized venue. Allowing these functions to be amplified and dependent on

volume provides an ideal incentive to expedite adoption and foster new use cases.