SAFEMOON CASH defi project on binance smart chain network
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Before investing in a defi project, we must first understand about defi. That's why I'll briefly explain what defi is
Introduction:
Decentralized Finance (DeFi) refers to an ecosystem of financial platforms built on blockchain networks. More specifically, the term Decentralized Finance can be interpreted as a platform that aims to create open-source, unlicensed, transparent financial services that are available to everyone and operate without a centralized authority. Users will be in complete control of their assets and interact with the ecosystem through decentralized applications (dapps). DeFi's main goal is to make it easier for people to access financial services, especially for those isolated from the current financial system. All of this can be realized because of smart-contract, smart-contract has an important role in building the Defi platform. At first, DeFi releases networked ethereum as a token ERC20. But as the DeFi developed, currently, DeFi has spread in various other popular networks such as Binance smart chain network, Polkadot, Tron, and others. DeFi ecosystem over the last year has increased rapidly, this can not be separated from its popularity and the market is very good.
And among the newly released defi projects right now, I found a good project. The project was named Safemooncash, a project released for communities in the binance smart chain network. Binance smart chain (BSC) is a network developed by copying the advantages of perfected ethereum. The advantage of this network is that it is very fast and low cost. this is what underlies safemooncash using the binance chain network. sefamooncash was released last april, and continues to grow into a great defi platform. if you want to know safemooncash in more detail you can read my writing below.
About safemooncash
Safemooncash is a community-based DeFi project built on a binance smart chain network. One of the advantages of this project is automatic liquidity. Where liquidity will be automatically added to keep the token price stable. Liquidity comes from transaction taxes generated in the platform. The details are 2% for automatic liquidity and 2% will be distributed evenly to all holders, there is a total of 4% tax that will be charged for each transaction on the platform. Safemooncash has also passed the audit conducted by RD Auditors and Tachrate.
Safemooncash has been listed on different CEX and DEX exchanges, so you can trading anytime you want. If you are interested to buy their token, you can buy them at pancakeswap, bogged finance, probit.com, XT.com, or bibox.com.and the latest safemooncash will be listing on hotbit and Lbank. This makes safemooncash's position stronger.
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Tokenomics safemooncash
- 4% TRANSACTION TAX
Every Safemooncash transaction incurs a 4% tax for the benefit of all - 2% DISTRIBUTED TO HOLDERS
2% of all transactions (buys, sells, and transfers) are distributed to all holders. You increase your Safemooncash balance just by holding - OWNERSHIP RENOUNCED
The contract is renounced and Safemooncash is a project owned by the community. The liquidity was also burned on launch, so there is no rug to pull - 2% AUTOMATICALLY TO LIQUIDITY
2% of each transaction is sent to the (automated) liquidity pool to create a steadily rising price floor, meaning improved stability
Safemooncash platform comparison with other DeFi project platform
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if you look at the Roadmap and see their achievements to date. You'll realize that what's on the roadmap isn't just nonsense. they are targeting big exchanges and see today, safemooncash is already listed on Hotbit, XT.com, and Lbank. If they can maintain their progress such speed, I'm sure everything in the Roadmap will be achieved early.
Conclusion:
The biggest achievement of this project is that they have great exchange support. For a new project, they can limit the daily trading volume above 700K USD. This is a rare thing I encounter because every time a new coin enters the market there will be a dump and the trading volume will decrease drastically. This proves that they do have decent qualities. Safemooncash is a good DeFi project, they have many advantages. Although their team is still anonymous, they have been able to attract investor confidence.
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If you are interested in this project I will include the official safemooncash link. You can learn more details about this project there. That is all from me thank you for reading this article. If you like this article don't forget to press the Upvote button and share this article.
OFFICIAL LINK :
- Website : https://safemooncash.org/
- Telegram : https://t.me/safemooncash
- Twitter : https://twitter.com/safemooncash
- Discord : https://discord.com/invite/fDp6pQ4Hbd
- Reddit : https://www.reddit.com/r/SAFEMOONCASHCommunity/
- Instagram : https://www.instagram.com/safemooncash/
- Tiktok: https://www.tiktok.com/@safemooncash
- Github : https://github.com/safemooncash/SafeMoonCash
- Medium : https://safemooncash.medium.com/
- Whitepaper : https://drive.google.com/file/d/1YZyTJteAVpaHna13UU2sZBJkIBB4K702/view
Takngantuk
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