![]() This incentivizes long-term ownership and disincentivizes short-term trading. SafeMoon’s unique feature allows those who hold the token to benefit from its appreciation in value. ![]() This strategy of “burning” coins, makes Safemoon deflationary and increases its value over time. To this date, almost 400 trillion Safemoon tokens have been burnt, including the first 223 trillion destroyed prior to the debut. This implies that the Safemoon team will burn tokens on a regular basis in order to decrease the supply and increase the price. Manual burns are an important, fundamental aspect of Safemoon. ![]() SafeMoon could also be seen as a more serious take on Dogecoin, the tongue-in-cheek altcoin with an unofficial rallying cry of “To the moon” - SafeMoon’s slogan is “Safely to the Moon.” It’s an evolution of cryptocurrencies such as Dogecoin, sharing similarities with Bitcoin but also carrying several unique features. SafeMoon intends to launch a non-fungible token (NFT) exchange, as well as charity initiatives and crypto educational apps, according to an article. SafeMoon is a technology that combines RFI tokenomics with an auto-liquidity generator. It has gained over 1 million users from more than 190 countries. These features protect smart contracts from hacks and keep the contract environment safe. ![]() SafeMoon has three unique functions that take place during each trade Reflection, LP Acquisition, and Burn. SafeMoon is a DeFi token (decentralized finance token) that offers fractional cryptocurrency trading, blockchain-based loans, and commission-free exchanges. ![]()
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