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. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. SafeMoon launched on Mar. 8, 2021. Who Are the Founders of SafeMoon? John Karony is the CEO at SafeMoon, according to his Twitter profile. What Makes SafeMoon Unique? 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

Purpose Of The Coin

Coming out with a wallet and an exchange

Tokenomics

SafeMoon employs 3 simple functions: Reflection + LP acquisition + Burn In each trade, the transaction is taxed a 10% fee, which is split 2 ways.5% fee = redistributed to all existing holders5% fee is split 50/50 half of which is sold by the contract

More Info

Dev burned all tokens in Dev Wallet prior to launchLP Locked for 4 years

Is Presale

No

Developer Team/Bio

CEO - John Karony, CTO - Thomas Smith, Dose - Hank Wyatt, COO - Jack Haines, CM - Trevor Church, Web Dev - Jacob Smith