How does SafeMoon work?
SafeMoon is a decentralized finance (DeFi) project that is built on the Ethereum blockchain.
It is designed to reward long-term holders of the SafeMoon token, while also providing liquidity for traders. The SafeMoon protocol works by taking a 10% fee from all trades made on the platform. This fee is then split between holders of the SafeMoon token and liquidity providers.
The holders of the token receive a 5% reward, while the remaining 5% goes to liquidity providers in the form of rewards. The rewards are distributed based on how long a user has held their tokens. The longer they hold them, the more rewards they will receive.
This encourages users to hold their tokens for longer periods of time, which helps to increase the value of the token over time. In addition to rewarding holders and liquidity providers, SafeMoon also provides users with an automated market maker (AMM) that allows them to trade tokens without having to go through an exchange or broker. This makes it easier for users to buy and sell tokens quickly and easily without having to worry about fees or waiting times associated with traditional exchanges.
