SafeMoon (SAFEMOON), which has been on the cryptocurrency agenda with a high increase in recent days, appears as a DeFi platform.
The SafeMoon protocol is a combination of RFO tokens and automatic liquidity generation protocols. According to the information received, SafeMoon plans to develop NFT, aid projects and crypto education applications. The token was launched on March 8, 2021. According to his Twitter profile, SafeMoon’s CEO is John Karony.
What Makes SafeMoon Unique?
SafeMoon’s whitepaper states that a major problem arising in the DeFi industry is the existence of APY LP-farms that are not easily accessible for new entrants to the industry.
With SafeMoon, when selling tokens, it aims at the idea of static rewards to remove various pressure on the token. In addition, the whitepaper states that the “mirroring mechanism” encourages SafeMoon holders to hold their tokens longer. SafeMoon’s Auto LP also provides a price base / buffer for token holders, adding stability to the protocol. SafeMoon’s manual typing strategy helps SafeMoon token holders in the long run, according to their whitepaper.
SafeMoon is currently available for purchase on PancakeSwap, BakerySwap and BitMart.
SafeMoon has increased by 72% in the last 24 hours, while it has increased by 350% in the last week. SafeMoon is trading at $ 0.00000370 according to CoinGecko data at the time of writing.
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