What is Soteria (WSOTE) | What is Soteria token | What is WSOTE token

What is Soteria

Soteria is a blockchain based mutual to share the risks of DeFi.

Smart Contract increased risk in the DeFi world needs a decentralized solution. Soteria is designed as a decentralized mutual. All members share the contract risk and returns for cover and capital growth.

Project developers and smart contract auditor will conduct decentralised risk assessment and fund the initial stake pool in Soteria.

The Native Soteria token represents membership. Tokens are used to purchase smart contract cover, claims assessment, underwriting and governance. All capital funds belong to Soteria members.

Run by members. Claims are decided by members not an insurance company. The economic model driven by tokens will ensure claims are handled for mutual long-term growth.

Distribution model

Soteria Mutual launched with an initial 10,000,000 SOTE tokens. The below graph shows the SOTE token distribution. The SOTE token is bonded tightly with the internal economics of Soteria. On one hand, the price of SOTE reacts to the prevailing conditions and capitalisation levels; On the other hand, SOTE is distributed to reward active members for participating in risk assessment, claim assessment, and governance.

Membership rights are represented by SOTE tokens. All funds raised from token purchases belong to the members. Soteria uses a Continuous Token Model, also referred to as a bonding curve, which means SOTE can be purchased and redeemed directly through the platform. WSOTE is a 1-to-1 backed token that can only be generated by wrapping genuine SOTE. SOTE can only be traded among members, WSOTE is fully tradeable but can’t be used at all within the Soteria platform.

Soteria Added insurance Function for BakerySwap

Soteria, a blockchain based mutual to share the risks of  DeFi on the Binance Smartchain, has started to add Insurance Function for BakerySwap users yesterday (Jan 25). This is the second project of Soteria after the launch of PancakeSwap insurance service on Jan. 20. BakerySwap is a decentralized automated market-making (AMM) protocol on Binance Smart Chain(BSC) and the 1st NFT trading platform on BSC – ‘Bakery NFT Supermarket’, and Soteria is a DeFi mutual insurance based on the Binance smart chain that protect losses caused by vulnerabilities and hacker attacks of smart contracts, and even the theft of escrow funds of centralized exchanges, in turn, it provides risk protection for DeFi products. Let’s review the 12 days since Soteria has been launched.

On January 13, Soteria, a DeFi insurance mutual, was launched on the market, and on January 18, the number of users reached 440 in 5 days, and on January 19, Soteria launched its insurance service for PancakeSwap users, which grew to 590 members. The service was staked with 500,000 SOTE in 5 hours on the day of January 20. On January 21, Soteria’s IFO opened 22.7 times overcapitalized, breaking Pancake’s highest record. As of today, Soteria has 1317 members (independent addresses).

After registering as a Soteria member and exchanging BNB for SOTE, users can purchase Bakery’s insurance services on the platform and Stake SOTE for risk assessment rewards; Simultaneously, Soteria, a community-based insurance platform, allows users to be both revenue recipients and risk takers by staking tokens. Token holders can use the tokens they hold to determine how much insurance coverage a project can have, as well as to decide whether to approve claims, etc.

Both BakerySwap and PancakeSwap are automated market maker (AMM) on the Binance Smart Chain (BSC); these decentralized finance (De-Fi) protocols support swaps and yield farming, but only Bakery support NFT applications.

Soteria and Bakery ‘s Collaboration and Win-Win

According to the data mentioned above, Soteria was lauched an insurance service for Pancake users in the middle of this month with, and received 500,000 in staked in 5 hours, another record was 22.7x overcapitalized after Soteria IFO on Pancake, which is impressive. This is also an example of what Pancake has built for Bakery and Soteria users – Soteria itself gets a large growth in users as well as premiums, and the  security performance of the business in the Bakery platform is guaranteed by the capital.

Moreover, for Bakery users, Soteria’s online Bakery insurance contract is a boon. After logging in to the Soteria website and paying the 0.1BNB membership fee, users can find BakerySwap on the Stake page (see below), select it, and insure the transaction.

Under the premise of not losing the liquidity of their own assets, the security of their own transactions is guaranteed by paying a small amount of premiums. SOTE tokens themselves also have high value; in essence, Soteria is a liquidity pool model. Community members provide Soteria with BNB funds, and users can obtain SOTE tokens by depositing BNB. After users provide liquidity, they will get liquidity share tokens, while SOTE is equivalent to the liquidity share tokens of the fund pool in Soteria, and liquidity providers can obtain  transaction fee income.

Soteria’s Unique Cover Model

Soteria, a DeFi mutual insurance built on BSC, was launched on January 13, with 440 members on January 18, and reach 1,317 members today, with data mentioning the core demand of the current DeFi market, the security guarantee of every transaction. On Soteria, Users can insure a specific smart contract for a period of 30 to 365 days. Each insurance is priced in the platform token SOTE and allows BNB to be paid.

Not limited to the traditional insurance function for risk reduction and the financial benefits of liquidity pools, Soteria also creates value at the same time. By staking SOTE tokens, users can assess the security of a specific smart contract and become a revenue recipient. The insurance industry itself is profitable from the premiums generated by the large number of safe policies, but Soteria gives this profit to the platform users, which means that although the users use their own SOTE or BNB to buy insurance, this profit is returned to them in another form. From the user’s perspective, not only is the risk of loss reduced by using hedging, but the premiums earned by Soteria are staked back through a new round of hedging.

Although Soteria is a platform that offers DeFi insurance functions, users can also earn Wrapped SOTE by participating in mining with a locked position (since SOTE tokens are circulated only within the platform, Wrapped SOTE can help SOTE tokens to be traded freely over the counter and both can be converted).

Benefit from decentralized trading, Soteria is developing more new projects with high quality based on the integration of traditional insurance and the use DeFi instruments. With such a high degree of freedom of construction, more trading methods, lower risks, and newly created and even unimagined ways of using decentralized blockchain technology will be created on the Soteria platform in the future.

Soteria’s Enrichment of the BSC Ecosystem

The frenzied wave of DeFi seems to have subsided in the surging cryptocurrency market, but BSC’s new project Soteria has once again brought BSC’s entire DeFi ecosystem to the public’s attention. BSC, which has cast a pervasive net throughout the crypto world, has finally waited for the moment to close the net. The head Dapp Pancake has been floating steadily around 10,000 daily active users, the total value of smart contracts on Bakery has exceeded $1 million in a single day, and the new project Soteria Mutual Insurance has collected more than 1,300 users on its 12th day of launch. (It is worth mentioning that the industry leader NXM has only had less than 4,000 users for almost a year) Once again, if we look at the ecological map of BSC, we will see that many of the businesses backed by the parent company have already put their roots in the DeFi world, and today, these businesses have already grown a lot of leaves on BSC.

Soteria is bound to have a great impact on BSC’s ecosystem and BNB’s transaction scenario. Through its current performance, Soteria has the potential to enrich BSC’s ecosystem in its entirety just from the launch of the insurance business for Pancake users.

As more people have a deeper understanding of blockchain and crypto market, more and more capital is pouring in, and BNB continues to rise in the past year, we have sufficient reasons to believe that BSC, Bakery, Pancake, and Soteria will continue the second wave of DeFi that led by BSC. This wave represents the initial heart of BSC – the spirit of reason, true value, and exoteric finance.

Looking for more information…

WebsiteWebsite 2ExplorerWhitepaperSource CodeSocial ChannelMessage BoardCoinmarketcap

Would you like to earn WSOTE right now! ☞ CLICK HERE

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobi

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #soteria #wsote

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What is Soteria (WSOTE) | What is Soteria token | What is WSOTE token

What is Soteria (WSOTE) | What is Soteria token | What is WSOTE token

What is Soteria

Soteria is a blockchain based mutual to share the risks of DeFi.

Smart Contract increased risk in the DeFi world needs a decentralized solution. Soteria is designed as a decentralized mutual. All members share the contract risk and returns for cover and capital growth.

Project developers and smart contract auditor will conduct decentralised risk assessment and fund the initial stake pool in Soteria.

The Native Soteria token represents membership. Tokens are used to purchase smart contract cover, claims assessment, underwriting and governance. All capital funds belong to Soteria members.

Run by members. Claims are decided by members not an insurance company. The economic model driven by tokens will ensure claims are handled for mutual long-term growth.

Distribution model

Soteria Mutual launched with an initial 10,000,000 SOTE tokens. The below graph shows the SOTE token distribution. The SOTE token is bonded tightly with the internal economics of Soteria. On one hand, the price of SOTE reacts to the prevailing conditions and capitalisation levels; On the other hand, SOTE is distributed to reward active members for participating in risk assessment, claim assessment, and governance.

Membership rights are represented by SOTE tokens. All funds raised from token purchases belong to the members. Soteria uses a Continuous Token Model, also referred to as a bonding curve, which means SOTE can be purchased and redeemed directly through the platform. WSOTE is a 1-to-1 backed token that can only be generated by wrapping genuine SOTE. SOTE can only be traded among members, WSOTE is fully tradeable but can’t be used at all within the Soteria platform.

Soteria Added insurance Function for BakerySwap

Soteria, a blockchain based mutual to share the risks of  DeFi on the Binance Smartchain, has started to add Insurance Function for BakerySwap users yesterday (Jan 25). This is the second project of Soteria after the launch of PancakeSwap insurance service on Jan. 20. BakerySwap is a decentralized automated market-making (AMM) protocol on Binance Smart Chain(BSC) and the 1st NFT trading platform on BSC – ‘Bakery NFT Supermarket’, and Soteria is a DeFi mutual insurance based on the Binance smart chain that protect losses caused by vulnerabilities and hacker attacks of smart contracts, and even the theft of escrow funds of centralized exchanges, in turn, it provides risk protection for DeFi products. Let’s review the 12 days since Soteria has been launched.

On January 13, Soteria, a DeFi insurance mutual, was launched on the market, and on January 18, the number of users reached 440 in 5 days, and on January 19, Soteria launched its insurance service for PancakeSwap users, which grew to 590 members. The service was staked with 500,000 SOTE in 5 hours on the day of January 20. On January 21, Soteria’s IFO opened 22.7 times overcapitalized, breaking Pancake’s highest record. As of today, Soteria has 1317 members (independent addresses).

After registering as a Soteria member and exchanging BNB for SOTE, users can purchase Bakery’s insurance services on the platform and Stake SOTE for risk assessment rewards; Simultaneously, Soteria, a community-based insurance platform, allows users to be both revenue recipients and risk takers by staking tokens. Token holders can use the tokens they hold to determine how much insurance coverage a project can have, as well as to decide whether to approve claims, etc.

Both BakerySwap and PancakeSwap are automated market maker (AMM) on the Binance Smart Chain (BSC); these decentralized finance (De-Fi) protocols support swaps and yield farming, but only Bakery support NFT applications.

Soteria and Bakery ‘s Collaboration and Win-Win

According to the data mentioned above, Soteria was lauched an insurance service for Pancake users in the middle of this month with, and received 500,000 in staked in 5 hours, another record was 22.7x overcapitalized after Soteria IFO on Pancake, which is impressive. This is also an example of what Pancake has built for Bakery and Soteria users – Soteria itself gets a large growth in users as well as premiums, and the  security performance of the business in the Bakery platform is guaranteed by the capital.

Moreover, for Bakery users, Soteria’s online Bakery insurance contract is a boon. After logging in to the Soteria website and paying the 0.1BNB membership fee, users can find BakerySwap on the Stake page (see below), select it, and insure the transaction.

Under the premise of not losing the liquidity of their own assets, the security of their own transactions is guaranteed by paying a small amount of premiums. SOTE tokens themselves also have high value; in essence, Soteria is a liquidity pool model. Community members provide Soteria with BNB funds, and users can obtain SOTE tokens by depositing BNB. After users provide liquidity, they will get liquidity share tokens, while SOTE is equivalent to the liquidity share tokens of the fund pool in Soteria, and liquidity providers can obtain  transaction fee income.

Soteria’s Unique Cover Model

Soteria, a DeFi mutual insurance built on BSC, was launched on January 13, with 440 members on January 18, and reach 1,317 members today, with data mentioning the core demand of the current DeFi market, the security guarantee of every transaction. On Soteria, Users can insure a specific smart contract for a period of 30 to 365 days. Each insurance is priced in the platform token SOTE and allows BNB to be paid.

Not limited to the traditional insurance function for risk reduction and the financial benefits of liquidity pools, Soteria also creates value at the same time. By staking SOTE tokens, users can assess the security of a specific smart contract and become a revenue recipient. The insurance industry itself is profitable from the premiums generated by the large number of safe policies, but Soteria gives this profit to the platform users, which means that although the users use their own SOTE or BNB to buy insurance, this profit is returned to them in another form. From the user’s perspective, not only is the risk of loss reduced by using hedging, but the premiums earned by Soteria are staked back through a new round of hedging.

Although Soteria is a platform that offers DeFi insurance functions, users can also earn Wrapped SOTE by participating in mining with a locked position (since SOTE tokens are circulated only within the platform, Wrapped SOTE can help SOTE tokens to be traded freely over the counter and both can be converted).

Benefit from decentralized trading, Soteria is developing more new projects with high quality based on the integration of traditional insurance and the use DeFi instruments. With such a high degree of freedom of construction, more trading methods, lower risks, and newly created and even unimagined ways of using decentralized blockchain technology will be created on the Soteria platform in the future.

Soteria’s Enrichment of the BSC Ecosystem

The frenzied wave of DeFi seems to have subsided in the surging cryptocurrency market, but BSC’s new project Soteria has once again brought BSC’s entire DeFi ecosystem to the public’s attention. BSC, which has cast a pervasive net throughout the crypto world, has finally waited for the moment to close the net. The head Dapp Pancake has been floating steadily around 10,000 daily active users, the total value of smart contracts on Bakery has exceeded $1 million in a single day, and the new project Soteria Mutual Insurance has collected more than 1,300 users on its 12th day of launch. (It is worth mentioning that the industry leader NXM has only had less than 4,000 users for almost a year) Once again, if we look at the ecological map of BSC, we will see that many of the businesses backed by the parent company have already put their roots in the DeFi world, and today, these businesses have already grown a lot of leaves on BSC.

Soteria is bound to have a great impact on BSC’s ecosystem and BNB’s transaction scenario. Through its current performance, Soteria has the potential to enrich BSC’s ecosystem in its entirety just from the launch of the insurance business for Pancake users.

As more people have a deeper understanding of blockchain and crypto market, more and more capital is pouring in, and BNB continues to rise in the past year, we have sufficient reasons to believe that BSC, Bakery, Pancake, and Soteria will continue the second wave of DeFi that led by BSC. This wave represents the initial heart of BSC – the spirit of reason, true value, and exoteric finance.

Looking for more information…

WebsiteWebsite 2ExplorerWhitepaperSource CodeSocial ChannelMessage BoardCoinmarketcap

Would you like to earn WSOTE right now! ☞ CLICK HERE

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobi

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#blockchain #bitcoin #soteria #wsote

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

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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aaron silva

aaron silva

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

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.

Reasons to invest in SafeMoon Token Clone :

  • The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
  • It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
  • The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
  • It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
  • The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

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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Angelina roda

Angelina roda

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

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aviana farren

aviana farren

1623836330

Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“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.

What is SafeMoon?

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.

SafeMoon Tokenomics :

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.

SafeMoon Specification :

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.

SafeMoon Protocol :

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.

  • Dev burned all tokens in the wallet before the launch.
  • Fair launch on DxSale.
  • LP locked on DxLocker for four years
  • LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

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.

What is the role of Manual Burns?

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.

How efficient is Automatic Liquidity Pool (LP)?

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.

Attractive features present in DeFi like SafeMoon token platform :

  • Stable Rewards
  • Manual Burning
  • LP Acquisition
  • Community Governed Tokens
  • RFI Staking Rewards
  • Automated Liquidity Pool
  • Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

  • The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
  • It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
  • The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
  • It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
  • The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
  • Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

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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