1613786347
RAI is a non pegged, ETH backed stable asset. It is useful as more “stable” collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.
What is Reflexer?
Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes. Reflex indexes are stable assets that are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable.
Reflex indexes dampen the volatility of their underlying collateral. They are useful as more “stable” collateral for other DeFi protocols (compared to ETH or BTC) or as stable assets with embedded interest rates that supercharge other DeFi protocols.
What is RAI?
RAI is an ETH backed reflex index with a managed float regime. The RAIUSD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de or revaluing it.
The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps).
Compared to protocols that try to defend a fixed exchange rate between their native stable asset and fiat (DAI/USD, sUSD/USD etc), RAI’s monetary policy offers a couple of advantages:
How does RAI work?
The long term price trajectory of RAI is determined by the demand for ETH leverage. RAI tends to appreciate if SAFE users deleverage and/or RAI users long and it depreciates in case SAFE users leverage and/or RAI users short.
To better understand how RAI behaves, we need to analyze its monetary policy which is made out of four elements:
Let’s walk through an example of how RAI is revalued in case of ETH capital inflow (aka people are bullish on ETH):
Is RAI a stablecoin?
No. Stablecoins are pegged or oscillating around a specific value (usually pegged to fiat coins such as USD, EUR etc).
RAI, on the other hand, is not pegged to anything. The system behind RAI only cares about the market price getting as close as possible to the redemption price. The redemption price will almost always float (thus, it won’t be pegged) in order to compel system participants to bring the market price toward it.
Is RAI a rebase token?
No. The protocol doesn’t change the amount of tokens you have. Rather, it changes the target (or redemption) price that the protocol wants RAI to have on the secondary market (on exchanges).
Will I be charged fees?
The Reflexer app is free to use. However, you will need to pay transaction fees when you interact with the protocol’s smart contracts and, depending on the features you use, fees associated with RAI itself such as the Stability Fee and/or the Redemption Rate.
What is the redemption rate?
The redemption rate is similar, but not identical, to an interest rate. Its role is to devalue or revalue RAI in response to market forces.
What is the borrow rate/stability fee?
The stability fee is an interest rate charged to users who deposit collateral and mint RAI. The fee is used to incentivize external parties to maintain the protocol as well as build a surplus buffer meant to settle bad debt.
What are your plans to governance minimize RAI?
RAI will be governance minimized over three stages. We have a dedicated guide with more details about the governance minimization process. The Reflexer team will keep the community up to date with the exact timeline of each stage.
Why would I hold RAI when the system devalues the token?
This is exactly what the system wants you to ask yourself when it charges a negative redemption rate. The system is trying to incentivize RAI holders to sell and bring the market price down and close to the redemption price.
Can you summarize what users should do so they can take advantage of the PID?
Can you summarize the behaviour of the RAI redemption rate?
Why would I want to hold something that is not pegged and yet does not behave like ETH or BTC?
We often get this question from people who are used to holding assets such as DAI or USDC which seem more “stable” because they try to target a specific peg.
While it is true that the mechanism behind RAI may cause more uncertainty vs pegged coins because of the floating redemption price, it also comes with its own perks:
It is also worth considering that only some fiat currencies are pegged, while others float and they are still considered “stable”. The most well known example of a stable currency with no peg is the US Dollar. Check out this classification of exchange rate arrangements which shows the full spectrum of stability.
Why would I want to mint RAI?
We have both short and long term plans meant to attract borrowers and improve the experience of interacting with the protocol:
What are RAI’s use-cases?
The following is a non-exhaustive list of use-cases we envision for RAI:
What are the risks of using Reflexer and RAI?
There are several risks associated with using Reflexer and RAI, ranging from smart contract bugs to suboptimal parameters set in the protocol. You can check our dedicated risks page for more details as well as read more about each protocol module.
What are the assumptions behind RAI’s mechanism?
RAI’s success depends on three main factors:
It’s worth noting that the narrative attracts liquidity and arbitrageurs which in turn can further strengthen the narrative.
A stepping stone in on-chain control theory
After months of research and building, we’re excited to unveil our first, full Ether backed asset called Proto RAI!
What is Proto RAI?
Proto RAI (PRAI) is an unaudited mainnet demo of our upcoming reflex index called RAI. PRAI is managed and repriced by a primitive version of our on-chain, autonomous PID controller. Check our whitepaper for a description of the controller and for the system as a whole.
The purpose of this demo is to test and improve our tooling and smart contracts, bootstrap an initial group of keepers that liquidate undercollateralized positions as well as gather live data which can help us update our market model and simulations. This is why in the first couple of weeks we will focus exclusively on developers. After we finish our initial audits we will invite more people to join.
If you would like to monitor the system, you can use this simple dashboard.
How Do I Create PRAI?
In order to create PRAI, you need to deposit Wrapped ETH into a smart contract and open a new position which we call a “Safe”.
At this stage we do not have a webapp to facilitate the creation of PRAI although we encourage developers to use our Typescript and Python libraries as well as our CLI in order to interact with the system. This video guide and our documentation walk you through using the Typescript library with proxy contracts in order to generate PRAI backed by (W)ETH.
We advise everyone to exercise caution and avoid using large amounts of Ether when they test the system. Do not risk more than you can afford to lose.
What Can I Do with PRAI?
Currently you can trade PRAI for ETH using this Uniswap V2 pool. Please be aware that the pool does not have a lot of liquidity.
There are several system parameters that everyone should be aware of:
Bumpy Start
After we deployed the system, we discovered that we did not properly set authorized addresses inside the ERC20 PRAI contract. Because of this, we were not able to add new authed accounts or remove old ones.
We decided to disable the original CoinJoin contract which allows users to transfer PRAI between the core system and the ERC20 contract. Users (mostly bots that traded in the old Uniswap pool) who hold old PRAI tokens can now call the old CoinJoin in order to join() tokens inside the system. They can then use the latest CoinJoin and Coin contracts in order to get new PRAI tokens and trade using the new Uniswap PRAI/ETH pool.
We also had to disable the old treasury and abandon the initial Uniswap v2 PRAI oracle in favor of new versions that are integrated with the latest Coin/CoinJoin.
Crypto native stability backed by ETH and available for all
After almost a year of testing, simulations and building, we’re thrilled to announce the launch of RAI! RAI is an ETH backed, non pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. You can start to mint RAI today using our dashboard. RAI was deployed at this address and the Uniswap v2 RAI/ETH market is here.
Prior to this launch, Proto RAI, our mainnet demo, ran smoothly for almost 3 months and was shut down on 25th of January. We’ve received great support from our community who put more than $612K worth of ETH in the demo and minted almost 52K PRAI.
Proto RAI also showed for the first time how a stable asset can lack a peg and instead have its redemption price float in response to market forces. PRAI’s redemption price started at $2.015 and then floated between $1.937 and $2.06. This happened with no professional market makers, almost no liquidity and a lack of arbitrageurs which would have made PRAI significantly more stable. Moreover, during the PRAI demo, ETH went from about $400 to $1400, a 350% increase, while PRAI’s redemption price fluctuated less than 4%.
To summarize PRAI’s behaviour, when its market price was consistently above the redemption price, redemption would start to go down. Similarly, if the market price was consistently below the redemption price, redemption would start to go up. You can read more about how the system behind P/RAI works in our FAQ.
Liquidity Incentives
In the next couple of weeks we will announce our liquidity mining program for the RAI/ETH Uniswap v2 pool. At that point, we will also reveal the Reflexer ungovernance token, FLX.
In the meantime, we’re not saying that there will be retroactive mining rewards for the initial cohort of RAI/ETH LPs, but we’re also not saying there won’t be.
Before the liquidity mining announcement, you can test our Kovan liquidity mining dashboard.
Kovan Liquidity Mining Interface
Phased Controller Launch
For the time being and until RAI has enough liquidity on Uniswap v2, the controller will be weaker than usual. We will soon update the community with the minimum amount of liquidity that must be on exchanges so that the controller is not easy to manipulate. Until then, we encourage you to check our PID risks documentation before using RAI.
RAI Parameters
RAI was launched with a starting redemption price of $3.14. From this point on, RAI will continue to float while it is managed by the protocol’s on-chain controller.
In the foreseeable future, we plan to set an annual RAI borrow rate between 2–4%. We believe that a rate in this range will be able to provide the system with enough capital so it pays keepers to maintain oracles and the controller as well as fill the surplus buffer.
You can read more about the rest of the parameters in our docs.
Security
Proto RAI has been beta tested for almost 3 months on mainnet Ethereum. The core contracts were audited by OpenZeppelin and the helper contracts (oracles, PID etc) were audited by Quantstamp and Solidified. However, audits do not guarantee that smart contracts are bug free so we advise everyone to be cautious when using the protocol.
We have an open bug bounty program where you can earn up to $30K. We also wrote here in more detail about major risks associated with using RAI.
Resources
Whitepaper: https://github.com/reflexer-labs/whitepapers
Documentation: https://docs.reflexer.finance/
Video Guide on How to Create PRAI: https://www.youtube.com/watch?v=6rD7MjUaJUA
Stats Dashboard: https://stats.reflexer.finance/
Mainnet Subgraph: https://thegraph.com/explorer/subgraph/reflexer-labs/prai-mainnet
Uniswap PRAI/ETH Pool: https://info.uniswap.org/pair/0xEBdE9F61e34B7aC5aAE5A4170E964eA85988008C
Looking for more information…
☞ Website ☞ Explorer ☞ Explorer 2 ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap
Would you like to earn RAI right now! ☞ CLICK HERE
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#blockchain #bitcoin #rai reflex index #rai
1613786347
RAI is a non pegged, ETH backed stable asset. It is useful as more “stable” collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.
What is Reflexer?
Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes. Reflex indexes are stable assets that are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable.
Reflex indexes dampen the volatility of their underlying collateral. They are useful as more “stable” collateral for other DeFi protocols (compared to ETH or BTC) or as stable assets with embedded interest rates that supercharge other DeFi protocols.
What is RAI?
RAI is an ETH backed reflex index with a managed float regime. The RAIUSD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de or revaluing it.
The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps).
Compared to protocols that try to defend a fixed exchange rate between their native stable asset and fiat (DAI/USD, sUSD/USD etc), RAI’s monetary policy offers a couple of advantages:
How does RAI work?
The long term price trajectory of RAI is determined by the demand for ETH leverage. RAI tends to appreciate if SAFE users deleverage and/or RAI users long and it depreciates in case SAFE users leverage and/or RAI users short.
To better understand how RAI behaves, we need to analyze its monetary policy which is made out of four elements:
Let’s walk through an example of how RAI is revalued in case of ETH capital inflow (aka people are bullish on ETH):
Is RAI a stablecoin?
No. Stablecoins are pegged or oscillating around a specific value (usually pegged to fiat coins such as USD, EUR etc).
RAI, on the other hand, is not pegged to anything. The system behind RAI only cares about the market price getting as close as possible to the redemption price. The redemption price will almost always float (thus, it won’t be pegged) in order to compel system participants to bring the market price toward it.
Is RAI a rebase token?
No. The protocol doesn’t change the amount of tokens you have. Rather, it changes the target (or redemption) price that the protocol wants RAI to have on the secondary market (on exchanges).
Will I be charged fees?
The Reflexer app is free to use. However, you will need to pay transaction fees when you interact with the protocol’s smart contracts and, depending on the features you use, fees associated with RAI itself such as the Stability Fee and/or the Redemption Rate.
What is the redemption rate?
The redemption rate is similar, but not identical, to an interest rate. Its role is to devalue or revalue RAI in response to market forces.
What is the borrow rate/stability fee?
The stability fee is an interest rate charged to users who deposit collateral and mint RAI. The fee is used to incentivize external parties to maintain the protocol as well as build a surplus buffer meant to settle bad debt.
What are your plans to governance minimize RAI?
RAI will be governance minimized over three stages. We have a dedicated guide with more details about the governance minimization process. The Reflexer team will keep the community up to date with the exact timeline of each stage.
Why would I hold RAI when the system devalues the token?
This is exactly what the system wants you to ask yourself when it charges a negative redemption rate. The system is trying to incentivize RAI holders to sell and bring the market price down and close to the redemption price.
Can you summarize what users should do so they can take advantage of the PID?
Can you summarize the behaviour of the RAI redemption rate?
Why would I want to hold something that is not pegged and yet does not behave like ETH or BTC?
We often get this question from people who are used to holding assets such as DAI or USDC which seem more “stable” because they try to target a specific peg.
While it is true that the mechanism behind RAI may cause more uncertainty vs pegged coins because of the floating redemption price, it also comes with its own perks:
It is also worth considering that only some fiat currencies are pegged, while others float and they are still considered “stable”. The most well known example of a stable currency with no peg is the US Dollar. Check out this classification of exchange rate arrangements which shows the full spectrum of stability.
Why would I want to mint RAI?
We have both short and long term plans meant to attract borrowers and improve the experience of interacting with the protocol:
What are RAI’s use-cases?
The following is a non-exhaustive list of use-cases we envision for RAI:
What are the risks of using Reflexer and RAI?
There are several risks associated with using Reflexer and RAI, ranging from smart contract bugs to suboptimal parameters set in the protocol. You can check our dedicated risks page for more details as well as read more about each protocol module.
What are the assumptions behind RAI’s mechanism?
RAI’s success depends on three main factors:
It’s worth noting that the narrative attracts liquidity and arbitrageurs which in turn can further strengthen the narrative.
A stepping stone in on-chain control theory
After months of research and building, we’re excited to unveil our first, full Ether backed asset called Proto RAI!
What is Proto RAI?
Proto RAI (PRAI) is an unaudited mainnet demo of our upcoming reflex index called RAI. PRAI is managed and repriced by a primitive version of our on-chain, autonomous PID controller. Check our whitepaper for a description of the controller and for the system as a whole.
The purpose of this demo is to test and improve our tooling and smart contracts, bootstrap an initial group of keepers that liquidate undercollateralized positions as well as gather live data which can help us update our market model and simulations. This is why in the first couple of weeks we will focus exclusively on developers. After we finish our initial audits we will invite more people to join.
If you would like to monitor the system, you can use this simple dashboard.
How Do I Create PRAI?
In order to create PRAI, you need to deposit Wrapped ETH into a smart contract and open a new position which we call a “Safe”.
At this stage we do not have a webapp to facilitate the creation of PRAI although we encourage developers to use our Typescript and Python libraries as well as our CLI in order to interact with the system. This video guide and our documentation walk you through using the Typescript library with proxy contracts in order to generate PRAI backed by (W)ETH.
We advise everyone to exercise caution and avoid using large amounts of Ether when they test the system. Do not risk more than you can afford to lose.
What Can I Do with PRAI?
Currently you can trade PRAI for ETH using this Uniswap V2 pool. Please be aware that the pool does not have a lot of liquidity.
There are several system parameters that everyone should be aware of:
Bumpy Start
After we deployed the system, we discovered that we did not properly set authorized addresses inside the ERC20 PRAI contract. Because of this, we were not able to add new authed accounts or remove old ones.
We decided to disable the original CoinJoin contract which allows users to transfer PRAI between the core system and the ERC20 contract. Users (mostly bots that traded in the old Uniswap pool) who hold old PRAI tokens can now call the old CoinJoin in order to join() tokens inside the system. They can then use the latest CoinJoin and Coin contracts in order to get new PRAI tokens and trade using the new Uniswap PRAI/ETH pool.
We also had to disable the old treasury and abandon the initial Uniswap v2 PRAI oracle in favor of new versions that are integrated with the latest Coin/CoinJoin.
Crypto native stability backed by ETH and available for all
After almost a year of testing, simulations and building, we’re thrilled to announce the launch of RAI! RAI is an ETH backed, non pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. You can start to mint RAI today using our dashboard. RAI was deployed at this address and the Uniswap v2 RAI/ETH market is here.
Prior to this launch, Proto RAI, our mainnet demo, ran smoothly for almost 3 months and was shut down on 25th of January. We’ve received great support from our community who put more than $612K worth of ETH in the demo and minted almost 52K PRAI.
Proto RAI also showed for the first time how a stable asset can lack a peg and instead have its redemption price float in response to market forces. PRAI’s redemption price started at $2.015 and then floated between $1.937 and $2.06. This happened with no professional market makers, almost no liquidity and a lack of arbitrageurs which would have made PRAI significantly more stable. Moreover, during the PRAI demo, ETH went from about $400 to $1400, a 350% increase, while PRAI’s redemption price fluctuated less than 4%.
To summarize PRAI’s behaviour, when its market price was consistently above the redemption price, redemption would start to go down. Similarly, if the market price was consistently below the redemption price, redemption would start to go up. You can read more about how the system behind P/RAI works in our FAQ.
Liquidity Incentives
In the next couple of weeks we will announce our liquidity mining program for the RAI/ETH Uniswap v2 pool. At that point, we will also reveal the Reflexer ungovernance token, FLX.
In the meantime, we’re not saying that there will be retroactive mining rewards for the initial cohort of RAI/ETH LPs, but we’re also not saying there won’t be.
Before the liquidity mining announcement, you can test our Kovan liquidity mining dashboard.
Kovan Liquidity Mining Interface
Phased Controller Launch
For the time being and until RAI has enough liquidity on Uniswap v2, the controller will be weaker than usual. We will soon update the community with the minimum amount of liquidity that must be on exchanges so that the controller is not easy to manipulate. Until then, we encourage you to check our PID risks documentation before using RAI.
RAI Parameters
RAI was launched with a starting redemption price of $3.14. From this point on, RAI will continue to float while it is managed by the protocol’s on-chain controller.
In the foreseeable future, we plan to set an annual RAI borrow rate between 2–4%. We believe that a rate in this range will be able to provide the system with enough capital so it pays keepers to maintain oracles and the controller as well as fill the surplus buffer.
You can read more about the rest of the parameters in our docs.
Security
Proto RAI has been beta tested for almost 3 months on mainnet Ethereum. The core contracts were audited by OpenZeppelin and the helper contracts (oracles, PID etc) were audited by Quantstamp and Solidified. However, audits do not guarantee that smart contracts are bug free so we advise everyone to be cautious when using the protocol.
We have an open bug bounty program where you can earn up to $30K. We also wrote here in more detail about major risks associated with using RAI.
Resources
Whitepaper: https://github.com/reflexer-labs/whitepapers
Documentation: https://docs.reflexer.finance/
Video Guide on How to Create PRAI: https://www.youtube.com/watch?v=6rD7MjUaJUA
Stats Dashboard: https://stats.reflexer.finance/
Mainnet Subgraph: https://thegraph.com/explorer/subgraph/reflexer-labs/prai-mainnet
Uniswap PRAI/ETH Pool: https://info.uniswap.org/pair/0xEBdE9F61e34B7aC5aAE5A4170E964eA85988008C
Looking for more information…
☞ Website ☞ Explorer ☞ Explorer 2 ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Coinmarketcap
Would you like to earn RAI right now! ☞ CLICK HERE
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#blockchain #bitcoin #rai reflex index #rai
1622197808
SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.
A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.
Read More @ https://bit.ly/3oFbJoJ
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1621844791
The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.
The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.
The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.
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1624230000
How to Buy FEG Token - The EASIEST Method 2021
In today’s video, I will be showing you guys how to buy the FEG token/coin using Trust Wallet and Pancakeswap. This will work for both iOS and Android devices!
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!
#bitcoin #blockchain #feg token #token #how to buy feg token #how to buy feg token - the easiest method 2021
1623836330
“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”
The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.
SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.
The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.
The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.
The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.
Safety: A step by step plan for ensuring 100% safety.
The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.
The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.
The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.
The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.
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