SafeMoon SAFEMOON
$0.0000-7.36%
Market Cap $5,345,438,376
Max Supply - - SAFEMOON
Circulating Supply - - SAFEMOON
Issue Price 0.00
Issue Date 2021-03-08
SAFEMOON

SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn. SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol.The SafeMoon white paper 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.

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