The Safemoon protocol was launched recently on March 08, 2021. Safemoon’s official website quotes that, ‘The token is based on three main functions, Reflection(Static Rewards), LP Acquisition, and Burn’. The people who hold the token for a long time are eligible for static rewards. Moreover, The automatic LP helps to control the volatility of the price, keeping the altcoin a practically safe investment. Maintaining the safety of the protocol, the developer burned all tokens in the Dev wallet before launch, having a fair launch on DxSale. The LP is locked on DxLocker for four year and generated with every trade & locked on Pancake swap. The network works on regular burning events, to keep the price movements at a check. Consequently, when the supply turns limited, the value of the coin hikes! In simple words, Safemoon is just another digital currency that can be transferred across the globe at low transaction fees. Additionally, this altcoin vows to resolve conventional flaws in the crypto space, importantly-Volatility. Open arms to the safe deflationary coin? Safemoon lies on the existing blockchain, where it also becomes decentralized.
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