SFM
SafeMoon
$0.0₄2487
0.00%
SafeMoon
SFM
$0.0₄2487
0.00%
SafeMoon Price Converter
SafeMoon Information
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About SafeMoon
SFM is the native token of SafeMoon, a community-focused DeFi token launched in 2021. The SafeMoon protocol combines RFI tokenomics and an auto-liquidity generating protocol, and has three functions that occur during each trade: Reflection, LP Acquisition, and Burn. The protocol offers token holders up to 80% APY depending on the number of coins held and has a coin-burning strategy, making it a deflationary digital currency. SafeMoon plans to develop an NFT exchange, charity projects, and crypto educational apps as part of its expanding ecosystem.
SafeMoon (SFM) is the native token of the SafeMoon Protocol V2, a decentralized finance (DeFi) system that was launched on March 8, 2021. The protocol offers a unique approach to transaction fees, liquidity generation, and incentivizes holding onto the token. SafeMoon's mission encompasses the development of a non-fungible token (NFT) exchange, charity projects, and crypto educational apps. With its tokenomics, it promises to provide token holders with significant returns, as high as an 80% APY, while its coin-burning strategy ensures it remains a deflationary digital currency.
SafeMoon was established by a dedicated team comprising of Thomas Smith (CBO), John Karony (CEO), Hank Wyatt (CTO), and Jack Haines (COO).
$SFM operates on a combination of Reflection tokenomics and an auto-liquidity generating protocol. Each transaction involving SAFEMOON imposes a 10% fee; 5% is redistributed to all SAFEMOON holders, while the remaining 5% is bifurcated, with half being sold into BNB (Binance Coin) and the rest being automatically paired with BNB to reinforce PancakeSwap's liquidity pool. This setup not only rewards token holders with static returns but also discourages excessive selling, thus stabilizing the token's price. SafeMoon's unique offerings include:
- Static Rewards: A mechanism distributing 5% of the tokens from each transaction fee to SafeMoon holders.Manual Burn: A strategic token burn approach designed to reduce the overall supply, enhancing its price and demand.
- Automatic Liquidity Pool: A self-replenishing liquidity pool that absorbs tokens from transaction fees and anchors them into SafeMoon's liquidity pool on PancakeSwap, adding a robust price floor for the token.
- SafeEarn: An innovative decentralized application on the Binance Smart Chain that lets SafeMoon holders stake or convert their tokens and automatically earn more SafeMoon.
