Safemoon, a cryptocurrency developed in March 2021, attracted many investors to this platform. The demand for safemoon increases day by day due to the increase in the token value. Safemoon clone has the similar functions of the safemoon with customizable options to make it user oriented.
The three main functions that occur during each of the transactions in safemoon clone are liquidity provider acquisition, reflection, and manual burn. The 10% fee paid when selling the tokens is divided into two types where 5% of them are redistributed to the existing holders, and the other half of the 5% is converted to Binance coin and remaining tokens are used in pairing for the liquidity purpose.
Benefits of Safemoon clone:
- Market ready product
- Improved use case
- Market based developing mechanism
- User suggested functions
- Safe & secure platform
- Static rewards
Steps involved in the Safemoon like crypto
- Create a token starts with deciding its name, logo, and total supply
- Framework selection
- Hand-pick the blockchain technology
- Select your wallet for the account setup
- Smart contract deployment
- Include reflection, LP acquisition, and manual burn
- Integration with Binance smart chain
The token transfer is facilitated now, it’s now the user option to list the tokens for the trading purpose. The cold storage facility enables the tokens to be protected from any unauthorised users.
There is a rapid increase in the number of cryptocurrency usage due to its decentralized nature. The transactions are handled by the computer without any human involvement, making it more secure and free from any theft or hackers. Infinite Block Tech is leading in the creation of DeFi marketplace. To create a DeFi token like safemoon we hired the experts, making the creation more safe, user friendly and convenient for the users. The cost of the development depends on the features the user demands. The user can either opt for the Safemoon like token development from scratch or create a token like Safemoon.
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