Safemoon Price SAFEMOON-INR

Community Driven

A community-driven coin is a cryptocurrency project that does not have a specific owner and, of course, does not have a company structure or a CEO deciding on its future.

Members of the Binance Smart Chain community recently launched Safemoon Cash, a rug proof project that runs on The Binance Smart Chain. The project's ownership has been completely relinquished, and it is now a community-driven project.

Automatic LP

The automatic liquidity pool is SafeMoon's 'secret saurce' according to the official white paper. This function establishes a consistent price floor for both buyers and sellers. The design is intended to be long-lasting. The penalty for selling coins is an unusual feature of SafeMoon.

The smart contract charges a 10% fee for each transaction. Existing holders receive 5% of the fee, which encourages investors not to sell their tokens. The goal, according to the project's white paper, is to 'prevent larger dips when whales decide to sell their tokens later in the game, keeping the price from fluctuating as much.

Reflection

Static rewards, also known as reflection, attempt to address the shortcomings of farming rewards. It accomplishes this in two ways: The amount of the reward is conditional on the volume of trades, which mitigates the selling pressure caused by early adopters selling their coins.

It encourages holders of the tokens to collect larger payments based on the total number of tokens owned. As a result, early adopters typically own more cryptocurrency than new buyers. SafeMoon's static reward approach aims to alleviate the problem of early adopters mass-selling their coins.

Manual Burn

Token burning is a process in which most cryptocurrencies permanently remove tokens from circulation. This procedure attempts to increase scarcity and thus value. From the start, some cryptocurrency projects burn coins indefinitely.

SafeMoon, on the other hand, uses manual burns rather than continuous burns. The argument is that this process can help long-term investors implement a beneficial burn strategy. It also enables the burns to be publicly announced and tracked, resulting in increased transparency.

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