SafeMoon SFMPrice $ 0.0000164

SafeMoon Protocol aims to solve the problems of prior cryptocurrencies including mining rewards, farming rewards, and liquidity provisioning. Mining equipment can be both costly and harmful to the environment, but mining remains of interest due to the opportunities afforded by it. As an easy alternative to mining rewards, Safemoon proposes allowing users to participate in a smart contract token reflection to produce tokens inside their own wallets. Another challenge remains to facilitate and maintain liquidity on decentralized exchanges. By nature, decentralized exchanges require liquidity for user participation, thus the responsibility is on the developers to provide it. Historically, developers created incentives aimed at users to provide liquidity which can be outweighed by risk due to the subjectivity of impermanent loss. As a solution, Safemoon proposes utilizing a smart contract function to automatically capture liquidity to be used on the decentralized exchanges and held in custody independent from user possession. Additionally, a smart contract that provides the capability to burn tokens can promote scarcity by reducing the total supply. Together, the combination of these tokenomics may afford far superior benefits for the community within the decentralized venue. Allowing these functions to be amplified and dependent on volume provides an ideal incentive to expedite adoption and foster new use cases.

Safemoon products include:

• Wallet. A secure place to store and trade your SafeMoon. Some features include Wyre integration, dark mode, contacts list, hold to cancel, and haptic feedback
• Hard-Wallet. A hardware 'cold' wallet for safely storing and using your crypto. Meant as a better replacement with more features than competitors, and military-grade encryption
• Exchange. The SafeMoon exchange is a revolutionary new idea that will bring tokenomics to all of the cryptos on its platform.