What is SafeGalaxy (SAFEGALAXY) What is SAFEGALAXY token
In this article, we’ll discuss information about the SAFEGALAXY project and SAFEGALAXY token
Overview
SafeGalaxy is a deflationary, static yield farming, automatic liquidity generating token on the Binance Smart Chain. This means that the supply of SafeGalaxy will shrink over time, you can farm more tokens simply by holding SafeGalaxy in your wallet, and there will always be a liquid market for SafeGalaxy.
SafeGalaxy works by taking a 10% fee on every transaction. That fee is broken up into 2 parts. Reflection - 50% of the fee (5% of the transaction) is distributed to every wallet that holds SafeGalaxy on a percentage basis. The more SafeGalaxy you hold the more you will receive! LP Generation - 25% of the fee (2.5% of the transaction) collected in SafeGalaxy is sold into BNB. That BNB is married up with the remaining 25% of SafeGalaxy and deposited back into the PancakeSwap liquidity pool. These two functions work together to reward holders and punish whales.
Wait! Won’t the sell order from the LP generation create downward pressure on the price? Mathematically yes it does, realistically however that pressure is minimal. It takes a large amount of volume to push the price in one direction or another. If you consider the fact that the sell order being placed is only 2.5% of the overall transaction, quickly will you understand that the small sell order is negligible relative to the overall volume. Furthermore the LP generation function acts as a fantastic risk mitigation tool as it helps to keep the market liquid, the liquidity pool balanced, and therefore the price stable.
Comm-UNITY Focus
Making money is great, making money together is better. We choose to share our success with the world in an effort to better the lives of our community, their families and their bank accounts.
Growth Mindset
We are young ambitious developers looking to make an impact. Our team is comprised of members who look beyond the stars and into the furthest reaches of what many would deem impossible.
Transparency
We take pride in being open about who we are and where our values lie. We aren’t afraid to give our opinions in AMAs or to answer any and all questions. We are transparent with as much as we can while still remaining competitive.
How does SafeGalaxy work?
SafeGalaxy works by taking a 10% fee on every transaction. That fee is broken up into 2 parts. Reflection - 50% of the fee (5% of the transaction) is distributed to every wallet that holds SafeGalaxy on a percentage basis. The more SafeGalaxy you hold the more you will receive! LP Generation - 25% of the fee (2.5% of the transaction) collected in SafeGalaxy is sold into BNB. That BNB is married up with the remaining 25% of SafeGalaxy and deposited back into the PancakeSwap liquidity pool. These two functions work together to reward holders and punish whales. Wait! Won’t the sell order from the LP generation create downward pressure on the price? Mathematically yes it does, realistically however that pressure is minimal. It takes a large amount of volume to push the price in one direction or another. If you consider the fact that the sell order being placed is only 2.5% of the overall transaction, quickly will you understand that the small sell order is negligible relative to the overall volume. Furthermore the LP generation function acts as a fantastic risk mitigation tool as it helps to keep the market liquid, the liquidity pool balanced, and therefore the price stable.
SafeGalaxy x GalaxySwap
Welcome to our inaugural SafeGalaxy Medium article. This is where we’ll detail out important information for all you eager astronauts to sink your teeth into as we prepare to launch into the far reaches of outer space. We’ll discuss current happenings, roadmap items, and general information regarding everything SafeGalaxy.
Before we get into specifics on upcoming launch items, let’s address something that we’d like to make absolutely clear — The success and growth of SafeGalaxy is our utmost priority. We want the SafeGalaxy token to succeed, and the decisions we’ve made in the recent weeks have all had that at heart and as a core motivator. We have failed to communicate this from time to time and will improve on this moving forward.
Admittedly, we have been very excited with the new projects we have coming up, most notable GalaxySwap — but rest assured that SafeGalaxy is at the very center of it and we are confident that the ecosystem we are building around it will propel our beloved token farther into outer space than ever before.
We’ll be communicative on Medium moving forward.
GalaxySwap
Alright, we’ve heard you loud and clear. You’re curious about what GalaxySwap and Galaxia are. You’re curious about how it benefits SafeGalaxy, and are curious about why we decided to go in this direction.
In a nutshell, GalaxySwap is the platform that is at the center of the ecosystem we are building around SafeGalaxy, where you’ll be able to swap tokens, stake your SafeGalaxy and earn incredible rewards by doing so, for starters.
Contributing to this platform should both increase your individual holdings, as well as drive the price of SafeGalaxy up by staking coins and removing them from circulation, as well as open a whole new world of opportunities for us as a community to go within the SafeGalaxy ecosystem.
How It Works
You will stake SafeGalaxy by entering Liquidity Pools provided on the GalaxySwap platform. All you have to do is pick a pool, join it, and then let us do the rest. By providing liquidity through one of the pairs we support, you’ll earn rewards in the form of our reward token, Galaxia.
Galaxia functions similarly to how Cake works on PancakeSwap. You’ll earn it as a reward for providing liquidity, and it’s a full token in its own right, with distinct mechanics that are more akin to traditional tokens in crypto. Since you’ll stake your SafeGalaxy to earn Galaxia, the value of both should generally increase together. If SafeGalaxy does well, so does Galaxia, and vice versa.
Most importantly, Galaxia is what will enable us to give SafeGalaxy a use case. Having a second token allows us to give rewards for staking SafeGalaxy without devaluing SafeGalaxy. It is a good thing.
We’ll provide pairings to stake your SafeGalaxy like SG/Galaxia, SG/BUSD, SG/BNB, etc. The more tokens you enter into these pools, the more you will earn.
This is the first step in creating a larger ecosystem to take SafeGalaxy farther than ever thought possible.
For those who are not familiar with staking and liquidity pools — don’t worry. We’ll be providing a slew of educational videos that will help newcomers understand the substantial benefits and methods for taking part.
Why GalaxySwap? Why Galaxia?
We love SafeGalaxy and we love what we’ve all built together so far — and that’s exactly why GalaxySwap and Galaxia are on the roadmap. We want to keep building on what we have without inflating the price artificially, because as we‘ve all seen with meme and hype coins time and time again, artificial inflations are followed promptly by a dump of epic proportions. It is very difficult to replicate the pumps created by these hype movements.
SafeGalaxy now has a use case, and we are entering the realm of legitimate tokens with a fully functioning team consisting of devs, marketers, community volunteers, designers, and more.
That being said, rest assured knowing that we still plan to market, shill, and hype SafeGalaxy as much as possible since it is at the center of our platform and we have plans for how to continue doing that moving forward. It is still our baby.
What do I have to do as an investor?
Just invest in and hold SafeGalaxy. Once we launch GalaxySwap and Galaxia, which should be soon, we will airdrop some Galaxia to current SG holders as a free bonus for being part of the journey thus far. The more SG you own, the more Galaxia you will get, but the exact distribution amounts have not been determined yet.
We’re going to be providing more information for everyone as soon as it’s available, including specifics on the liquidity pools, clear timelines, and plans for the SafeGalaxy ecosystem in general. Expect some more instructional material and educational videos surrounding our upcoming products, especially for those that are new to staking and liquidity pools.
Lastly, we’d like to extend a deep, heart-felt thank you to everyone who has joined us in the journey thus far, and trust us — this is just the beginning. We’re going to do everything we can to not only moon SafeGalaxy, but enable it to moon even harder than ever before by building a solid foundation under it and a full-fledged ecosystem surrounding it.
Tokenomics
Symbol: SAFEGALAXY
Total Supply: 1,000,000,000,000,000
Supernova Burn: 250,000,000,000,000
Pancake SWAP LP: 250,000,000,000,000
Presale Allocation: 400,000,000,000,000
Marketing: 100,000,000,000,000
☞ Why you need to stop ignoring SafeGalaxy Token
Source : https://www.youtube.com/watch?v=zeketaIt3nk
How and Where to Buy SAFEGALAXY ?
SAFEGALAXY token is now live on the Binance mainnet. The token address for SAFEGALAXY is 0x6b51231c43b1604815313801db5e9e614914d6e4. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough WBNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy SAFEGALAXY token
Contract: 0x6b51231c43b1604815313801db5e9e614914d6e4
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in SAFEGALAXY token is currently PancakeSwap and CoinTiger
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SAFEGALAXY gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information SAFEGALAXY
☞ Website ☞ Website 2 ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Social Channel 4 ☞ Social Channel 5 ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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