Safemoon launched in the month of 8th March, 2021.
SafeMoon Protocol is a decentralized finance (DeFi) token and 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 and according to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps.
Who Are the Founders of SafeMoon?
John Karony is the CEO at SafeMoon, according to his Twitter profile.
What Makes SafeMoon Unique?
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 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 and since, the white paper notes that their “reflect mechanism“ adds incentive for SafeMoon holders to keep their tokens for longer or HODL.
SafeMoon 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.
Will Safemoon reach 1 dollar?
Yes, it will reach $1 by the year 2035, according to their projects, it is estimated that it will reach 1 dollar in between 2035 to 2040.
SafeMoon Road Map
Let’s have a look on SafeMoon road map, what they are about to?
Protocol Initialized – Q1 2021
We have successfully onboarded and confirmed a DogeCoin trading pair with Bibipom. We have also successfully begun the integration process with WhiteBit [Imminent] and began legal paperwork with Bitmart. Our team size has doubled and our marketing campaign has begun.Q2 2021
The Initial Push – Q2 2021
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.Q3 2021
Holding the Line – Q3 2021
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).Q4 2021
To the Moon! – Q4 2021
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.
Road Map Conclusion
So, if you are not able to understand the above road map, then just keep in your mind that when SafeMoon will integrate with Binance Exchange, you will be a millionaire. So what are you waiting for, go and buy SafeMoon now only on Bitmart.
How you can buy SafeMoon?
- First, you have to download or visit the website Binance. Signup there with KYC hardly takes 10 minutes.
- Then, download the Bitmart app or visit the website. Signup there with KYC hardly takes 10 minutes.
- Now open your Binance app or website and click on buy and select USDT (Tether) and buy it.
- Now you have to transfer bought USDT to Bitmart exchange.
- After buying USDT on Binance, Open Bitmart and Click on Asset, bottom right corner. Then scroll and tap on USDT, and click on deposit, after this, you select the TRC20 network chain and copy the address shown there.
- Now open the Binance app or website, and go-to wallet and select your bought USDT and then click on withdraw. over there next page will open and paste your address, that you copied from Bitmart. At last click on withdraw and wait with patience.
- After some time, check your Bitmart asset, your USDT will reflect there that you transferred from Binance.
- Now, once your USDT got reflected, just search SafeMoon in Bitmart and click on BUY. Enter the ongoing value of SafeMoon in the Price section and below that enter, the quantity of you want to buy.
- That’s all folks, thanks to me after 5-10 years, and congratulations you are at least a millionaire now.
How Many SafeMoon (SAFEMOON) Coins Are There in Circulation?
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.
How Is the SafeMoon Network Secured?
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.
Where Can You Buy SafeMoon (SAFEMOON)?
The safest and quicket way to buy SafeMoon is from Bitmart.