Safemoon Cash — the world of the cryptocurrency market

ducpham (45)in #new • 3 years ago

Introduce

Decentralized cryptocurrency created based on a common cryptographic system. The production rate is defined when the system is developed, and it is publicly known. It is also the original kernel that creates a large and developed currency market as it is now.

Safemoon Cash is a unique and exciting project that is driven by the community on Binance Smart Chain. According to recent statistics, Bitcoin Cash reached an ATH of 0.25 Bitcoin. Along with that growth, Safemoon Cash is also moving towards the first goal of Safemoon Cash reaching 25% of Safemoon’s peak capitalization. And with the power of safe cash as they are today, they can completely make this a reality, and will probably grow and go even further.
In our new marketing structure, the Chief of Marketing leads the Marketing Team. Under the Marketing Team, 4 Coordinators of continents are responsible for leading the Lieutenants from (for now) 29 countries. These Lieutenants will be the (marketing) leaders of their country, using the Safemoon Cash local Telegram groups for acquiring as much input for the local marketing operation as possible. The Lieutenants will provide opportunities for both online and offline marketing to his/her Coordinator, who will gather all input and forward it to the Marketing Team.
We believe our new Marketing Structure will be an amazing boost to Safemoon Cash and this is the stepping stone to bring safemoon cash closer to customers.

Safemoon Cash deflation and burning mechanism

The burning and deflationary mechanisms make Safemoon swap stand out from the crowd, making it a better place to put your funds in. Satoshi Nakomoto’s concept of Bitcoin is successful due to its limited supply. The total number of Bitcoins in existence will never be more than 21 million. It is halved every four years to keep up the scarcity. Similarly, the supply of the Safemoon swap token is limited with the burning mechanism.
40% of the Safemoon swap’s total supply will be burnt once they are brought into circulation. This burning is nothing but sending the tokens to black hole addresses whose private keys are unknown. There is no way these tokens can be accessed and they are isolated from the circulating supply. There is no limit to the burn, the black hole will keep growing, increasing the scarcity of Safemoon swap. And the notable part is, black hole address is also considered as a Safemoon swap holder which means burning also involves transaction fees that will be distributed to the token holders.

Safemoon swap liquidity pool

The initial supply of liquidity is in the form of BNB/SFMS LP tokens. Ownership of the token is renounced by burning the tokens, sending them to an inaccessible address. When the liquidity is removed from a pool, there is a chance for rug pull to occur. This burning of tokens by sending them to a black hole address gives no room for rug pull and protects the investors. Though liquidity is being removed from the pool, Safemoon swap keeps on adding liquidity from 7% of the total fee incurred. Consequently, the token has a permanently increasing-price floor in addition to an effectively reducing circulating supply of SFMS that are locked in the liquidity pool. The burns are completely transparent, visible on the blockchain, and performed daily.

we will focus on developing use cases for Safemoon Cash as an adoptable currency in Q3 and Q4 of 2021. In our vision, Safemoon Cash will eventually be one of the most used cryptocurrencies for use inside and outside our ecosystem. We will introduce the Safemoon Cash Casino where you can gamble with the SMC(G) token. Additionally, we will develop a betting protocol specifically for the Twitch gaming industry using the SMC(G) token for rewards in competitions.

Summary

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#SAFEMOONCASH #SAFEMOON #Binancesmartchain $SMC #CRYPTO #Cryptocurrency
★ Website: https://safemooncash.org/
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