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SafeMoon is a decentralized finance (DeFi) token that has four functions that take place during each trade: Reflection, LP Acquisition, Token Burn and Growth Fund. It aims at building blockchain, commerce, metaverse and NFT products to derive new kinds of value from crypto technology and to apply it to increasingly better use.

SafeMoon is now addressing the second part of its mission – the expansion and channeling of its technology to propel new innovations for good, and a Venture Philanthropy model to advance those innovations to every part of the world.

With SafeMoon Protocol, token holders will earn more SAFEMOON depending on how many tokens they have. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency. SafeMooon Protocol will be expanding to include a Centralized Exchange and NFT marketplace, on top of the Decentralized Exchange and Mobile App already released, which will allow users to create their own cryptocurrencies via the platform.

What Makes SafeMoon Different?

The SafeMoon whitepaper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.

With SafeMoon, they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoon’s Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. According to the whitepaper, SafeMoon’s manual burn strategy also helps SafeMoon token holders in the long term.

Whitepaper

Official Website