Safemoon.net 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 Safemoon.net 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.
Safemoon.net 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.
Safemoon.net Key Information
|Token Sale Hard Cap||TBD|
|Token Sale Soft Cap||TBD|
|Token Type||BEP-20 Binance Smart Chain|
|Initial Token Price||1 token =$0.00000118|
|Accepts||USDT BTC ETH BNB|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Safemoon.net
Static rewards solve a host of problems. First, the reward amount is conditional upon the volume of the token being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s. Second, the reflect mechanism encourages holders to hang onto their tokens to garner higher kick-backs which are based upon a percentages carried out and dependant upon the total tokens held by the owner.
Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked.
Safemoon.net aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of SAFEMOON burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
Automatic Liquidity Pool (LP)
Automatic LP is the secret sauce of Safemoon.net. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price floor. Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of SAFEMOON as a reward for the holders.
In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall liquidity of the token, thus increasing the tokens overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted reduction of supply. As the Safemoon.net token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders.
The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function. All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection tokens. Safemoon.net are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons.
Safemoon.net employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.
- 5% fee = redistributed to all existing holders
- 5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the SAFEMOON tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.
Holding the Line
Safemoon.net will finish our crypto educational app and begin a company own charity project. We will begin a community listing donation raise for several exchanges (i.e. Coinbase, Binance, Kraken). They will finish our NFT exchange and release our first video game with SafeMoon integrated. They will be expanding the team by 25% and do a community meetup (pending covid restrictions). They will also be integrating with other large exchanges (I.e. Binance, Mandala).
The Initial Push
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. Safemoon.net will begin architecting the NFT Exchange as well as video-game integrations.
Safemoon.net will be integrating SafeMoon with African Markets in addition to setting up a Charity drive and charity vote. They will be exploring other exchanges (i.e. Binance) and begin architecting the SafeMoon Exchange. They will be expanding the team by 35% and establish a UK/Ireland office. They will be architecting a crypto educational app as well as onboarding new partners.