Question 1

What is SafeMoon (SFM)?

Accepted Answer

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.

Question 2

Who created SafeMoon (SFM)?

Accepted Answer

SafeMoon was established by a dedicated team comprising of Thomas Smith (CBO), John Karony (CEO), Hank Wyatt (CTO), and Jack Haines (COO).

Question 3

What is $SFM used for?

Accepted Answer

$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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SFM-INR SFMINR	bitbns	-	0.0₃1200INR	0.00%	0SFM	0	0.0₃1200INR	0.0₃1200INR
2	SFM-USDT SFMUSDT	latoken	D	0.0₄2489USDT	0.00%	0SFM	0	0.0₄2489USDT	0.0₄2489USDT