What is Safe Universe (SAFU) | What is Safe Universe token | What is SAFU token
In this article, we’ll discuss information about the Safe Universe project and SAFU token
A Frictionless Yield Generation, Community Driven Protocol.
$SAFU Token is tokenized in such a way that price will never ever fall below the indexed price based on basket of similair SAFE-Assets.
How $SAFU Token works as a hedge against rug/smart contract attack?
Nowadays many SAFE-xyz autonomous tokens solely dependent on smart contract are in market, this can be manipulated either ways be it rug pull or smart contract vulnerability. This is what differs $SAFU Token from others, liquidity addition / token burn are randomized manually following strict formula in both indexing, token burning.
Index Formula - (SAFE-X Token + SAFE-Y Token + SAFE-Z Token)/(No. of tokens)
So, suppose if a SAFE-xyz Token gets attacked or does rug pull that will have a minimal affect to Total Index value. Holding $SAFU logically and technically aligns with its name itself, no assest will be as SAFE as $SAFU.
How Does Team Benefits from $SAFU Project?
Our one and only aim is to keep building our Liquidity Pool Stronger, this will benefit both community and team.
Higher the LP Value, the lesser manipulation can be done by whales.
This also benefits us since our team gets the daily trading/LP fees generated by trading in Pancakeswap.
How Daily Token Burn Function works?
Token burn also uses a unique formula to burn (x) amount of tokens Seven times in a week, daily burning time is randomized so as to avoid last minute manipulation.Since its community driven protocol, amount of token to be burnt also depends on community growth via following formula,
Token Burn Formula : (x) amount of $SAFU Tokens to be burnt = Daily Transactions (X)% increase/decrease of $SAFU Holders X 1,000,000 $SAFU.
Does this mean $SAFU price will always stay stable to index value?
No, infact we will list at a price higher than index value.
If in any case price comes 15% in confluence to index price, our reserves / buy-back feature will make sure it never comes any closer to the index value.
Price can very well go 2-10-100X+ and will be indepenedent with no confluence to index value.
We will keep on adding/pooling many assets in our Index asset basket, which will infact reduce any market risk to worlds safest token $SAFU.
If any project want to become partner and want to pool their token our basket, they have to buy certain amount of $SAFU-BNB LP tokens which will play a significant role in buy-back feature.
Indexing From Various SAFE Assets
Nowadays many SAFE-xyz autonomous tokens solely dependent on smart contract are in market, this can be manipulated either ways be it rug pull or smart contract vulnerability. This is what differs SAFU Token from others, liquidity addition / token burn are randomized manually following strict formula in both indexing, token burning.
Index Formula —>
(SAFE-X Token + SAFE-Y Token + SAFE-Z Token)/Total No. of tokens
So, suppose if a SAFE-xyz Token gets attacked or does rug pull that will have a minimal affect to Total Index value.Holding SAFU logically and technically aligns with its name itself, no assest will be as SAFE as SAFU.
For Example-
Lets Assume, 3 Assets are in Indexing Basket →
SAFE MARS = 0.00000004669 $
SAFE STAR= 0.00000001763 $
SAFE GALAXY= 0.00000002990 $
Index Value will be = (0.00000004669+0.00000001763+0.00000002990)/3
=0.00000003140
Does this mean SAFU price will always stay stable to index value?
No, infact we will list at a price higher than index value. If in any case price comes 15% in confluence to index price, our reserves / buy-back feature will make sure it never comes any closer to the index value. Price can very well go 2–10–100X+ and will be indepenedent with no confluence to index value. We will keep on adding/pooling many assets in our Index asset basket, which will infact reduce any market risk to worlds safest token $SAFU.If any project wans to become partner and want to pool their token our basket, they have to buy certain amount of SAFU-BNB LP tokens which will play a significant role in buy-back feature.
Tokenomics
$SAFU Token has Total Supply of 1,000,000,000,000,000 since the whole concept is community driven, initial circulating supply also depends on how many tokens are sold off in presale, after launch there will be Daily Token Burn / LP addition by our unique formula which will make it a truly deflationary token.
$SAFU Team benefits only from LP fees generated from Pancakeswap.(Formula Details in below section)Join Public Sale!
Deflationary Mechanism: Daily Token Burn Function-
Token burn also uses a unique formula to burn x amount of tokens 7 times in a week, daily burning time is randomized so as to avoid last minute manipulation. Since its community driven protocol,amount of token to be burnt also depends on community growth via following formula,
Token Burn Formula-
Amount of SAFU Tokens to be burnt =
Daily Transactions X increase/decrease % of SAFU Holders X 1,000,000,000 SAFU
For Example-
Lets Assume;
Holders Change 1000 → 1500 → 50% increase
Daily Transactions- 3000
So, the tokens to be burned will be,
0.5 X 3000 X 1,000,000,000 = 1,500,000,000,000 SAFU Tokens
Which is 1.5% of the total Supply
Roadmap
Q1-2021
*SAFU Presale/Succesfull Launch
*Airdrop Lottery Distribution
*Promotion/Marketing
*Website Redesign
*Optimizing LIVE Data Feed
Q2-2021
*Organizing Scheduled Innovative Airdrop Contest for SAFU Community
*Coingecko/Coinmarketcap Listing
*Multiple Exchange Listings
*Unique Lottery Ticket Programme For SAFU Holders
*Partnerships with Innovative Projects
Q3-2021
*Introduce Gamify Defi through various Arcade Games. Connect Wallet Become High Scorer and claim Free SAFU Tokens
*Introducting cross-chain NFT Functionality.SAFU Holders can deploy personalised NFT with no code required.Allowing SAFU Holders to mint Limited Edition NFT’s by staking them.
Q4-2021
TBA
How To Participate In Bounceswap Pool?How to add Token in Trust wallet/Metamask? Step by step Guide
Just be sure you have enough BNB 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
FOR TRUST WALLET USERS
If you don’t have a Wallet, read this article and follow the steps
☞What is Trust Wallet | How to Create a wallet and Use
Step 1- Open Your Trust Wallet App, click DApps
**Step 2- Paste the bounceswap link **https://app.bounce.finance/fixed-swap/5533
Step 3- Paste it and press ☑ in Keyboard
Step 4- Click this Icon
Step 5- Now click Smart Chain, This step is important or else you will get redirected to some other token pool
Step 6- If you see a page like this click Metamask, Yeah it may sound weird that using Trust wallet but clicking Metamask, but this is the solution
Step 7- Now Scroll down and enter the amount of BNB you would like to participate with, the hit GO then Approve Transaction. Thats it, after approving token will be sent to your address instantly
For Metamask Users-
If you don’t have a Wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Step 1-Click this
Step 2- Click Networks
Step 3-
Step 4- Enter this details and add
Step 5- Now Come back and click browser
**Step 6- Paste the bounceswap URL **https://app.bounce.finance/fixed-swap/5533
Step 7- Select Metamask
Step 8-
Step 9- Enter whatever amount of BNB you would like to participate with
Step 10-
Step 11- Confirm That’s It you will receive SAFU token instantly
Adding SAFU Token in Wallet
Trust Wallet Users-
Step1 — Click Receive
Step 2- Type SAFU Here
Step 3- Now Click SAFU logo it should then get added in your wallet
Metamask Users-
Step 1- Click Add tokens
Step 2- Paste Contract Address
0x16Feb16F7Ee2190312D03f449eeEc2339add2D83
it should automatically fill name and decimal if it doesn’t then manually enter them and click Add Token
Step 3- Thats It
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
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 SAFU 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 SAFU
☞ Website: https://safeuniverse.net
☞ Follow Airdrop Bot Tasks- https://t.me/SAFU_Airdropbot
☞ Join Our Telegram Channel- https://t.me/SAFUniverse
☞ Join Telegram Discussion Group- https://t.me/SafeUniverseGroup
☞ Follow our Twitter Page https://twitter.com/SAFUniverse Retweet the pinned post and tag 3 friends
☞ Follow our Medium Channel https://safuniverse.medium.com/
🔺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
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