By reading the article “SafeMoon Analysis” published in Adaas Capital, you will get acquainted with the SafeMoon Protocol cryptocurrency and its $SafeMoon token usages in general. This level of familiarity can be enough for you to invest in the cryptocurrency market. Stay tuned to Adaas Investment Magazine for SafeMoon Cryptocurrency Analysis!
The introduction of SafeMoon cryptocurrency on the official website of this project is as follows: SafeMoon Protocol could be a community-driven and DeFi-based token. There are 3 processes in every Safemoon transaction: Reflection – L-P Acquisition – Burn
The term community-driven means that the steerage and growth of SafeMoon cryptocurrency by the homeowners and investors of this project.
On the official website of this project, it’s claimed that the share of the members of SafeMoon’s development team has been burned and has been taken out of the cycle so this cryptocurrency is a lot of public than before.
SafeMoon claims that in each transaction, the liquidity needed by the exchange pools is mechanically provided, and that they introduce this technology as associate innovation developed by the Safemoon development team.
SafeMoon’s distinctive feature is that it charges a 10% percent Fee for anyone who sells their tokens. Then 5% of this fee is distributed among alternative SafeMoon holders. In fact, the reward for safemoon token stackers is paid this manner.
The SafeMoon White Paper report states that the answer to the massive downside is that newcomers to the DeFi business don’t have access to high-APY LY-farms.
In the SafeMoon project, they intend to use the idea of static rewards (depending on the number of tokens traded) to eliminate the pressure on the token that may be created when selling tokens.
The White Paper SafeMoon also states that the “reflection mechanism” motivates SafeMoon holders to hold their tokens for a longer period of time or HODL. SafeMoon LP also stabilizes the protocol by providing a price floor for token holders.
According to their White Paper, the SafeMoon token hand burning strategy also helps SafeMoon token holders in the long run.
The token distribution is as follows:
Initiation of the protocol
The safemoon team claims to have successfully processed and verified the DogeCoin currency pair with Bibipom. They have also successfully started the integration process with WhiteBit [Imminent] and started legal documentation with Bitmart. Their team has doubled in size and their marketing campaign has begun.
The Initial Push
Whitebit tokens are integrated with the SafeMoon app, wallet, and game (s). Bitmart integration with tokenomics also ends in these three months. SafeMoon will start with the NFT Exchange architecture as well as the integration of video games.
In addition to launching a charity and philanthropy, SafeMoon will integrate SafeMoon with African markets. They will explore other exchanges (eg Binance) and start the SafeMoon Exchange architecture. The SafeMoon team expands by 35% and the UK / Ireland office is established. An encrypted training program will also be designed as well as new partners.
Holding the Line
The cryptography training program ends and the charity project begins. A fundraiser will be initiated in the community list for several exchanges (eg Coinbase, Binance, Kraken). NFT Exchange will end and release the first video game integrated with SafeMoon.
The team will expand by 25% and a community meeting (awaiting corona restrictions) will be held. It will also merge with other large exchanges (eg Binance, Mandala).
To the moon
SafeMoon Exchange and Charity Project will end. The merger will end with the first African market and the next merger will begin with the additional African markets. A SafeMoon office based in Africa will be set up and hired to create jobs in these markets. Funding will be provided for the next SafeMoon charity project, and voting on the next project will begin. The SafeMoon Scholarship will also be created this quarter.
You can purchase SafeMoon from one of the following four exchanges:
PancakeSwap, BitMart, WhiteBit, and Bakery Swap. This is a purchase more complex than bitcoin buying process:
In fact, you should buy BinanceCoin and then exchange it for SafeMoon.
To use PancakeSwap, you must first install the Trust Wallet app, then purchase BinanceCoins (or BNB or BSC) and add them to your wallet.
Then go to PancakeSwap via the Trust Wallet app and find the SafeMoon page and exchange your BNB for SafeMoon currency there. (To do this, you must copy the SafeMoon smart contract from Bsc scan and add it in the tokens section when swiping in the PancakeSwap exchange and confirm it.)
Buying from centralized exchanges is like buying from the famous Binance exchange. The following is a list of SafeMoon exchange providers:
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