What is SafeMoon?
SafeMoon is a decentralized finance (DeFi) project that was launched in March 2021.
It is a deflationary token built on the Binance Smart Chain (BSC) blockchain. The project aims to provide users with an easy and secure way to invest in cryptocurrency. The main feature of SafeMoon is its deflationary model, which means that when someone buys or sells the token, a 10% fee is taken from the transaction and redistributed to all existing holders of the token.
This incentivizes people to hold onto their tokens for longer periods of time, as they will benefit from the increased value of their holdings due to the redistribution of fees. In addition, SafeMoon has implemented a “Locked Liquidity” system, which locks up a portion of tokens in order to increase the price stability of the token. This helps protect investors from sudden price drops and increases liquidity for traders.
Finally, SafeMoon has also implemented an “Automatic Market Maker” system which helps facilitate trades between buyers and sellers by providing liquidity for both sides. This helps ensure that there are always buyers and sellers available on the market, which helps keep prices stable and prevents large price swings.
