1606896893
What is PlotX (PLOT) | What is PlotX token | What is PLOT token
PlotX is a non-custodial prediction protocol that enables users to earn rewards on high-yield prediction markets.
Dubbed as the Uniswap of Prediction Markets, PlotX uses an Automated Market Making algorithm to create, settle markets and distribute rewards on the Ethereum Blockchain without any counter-party risk. Markets are focused on crypto-pairs like BTC, ETH, YFI etc and are automatically created in intervals of 4 hour, 1 day and 1 week.
PlotX also uses on-chain governance powered by GovBlocks.
PlotX with the new, simpler & safer login flow!
As you might already know, PlotX is going to be moving to Layer 2 soon. But, going on L2 can be a little harder than what meets the eye. During any L2 transition, developers need to strike a balance between the delicately placed trilemma of security, scalability, and user experience.
It’s essential that none of the above-stated characteristics is compromised while transitioning to L2, as it would severely impact the adoption of the Dapp you’re building.
In such a scenario, every feature of your Dapp needs to be vetted for the impact it might have on the user experience, and how well it will fit in with the rest of the Dapp.
If you don’t already know what moving to layer 2 means, here’s a quick background.
Transactions on L2
Since layer 2 doesn’t exist on the Ethereum blockchain, the cryptocurrencies that exist on them also can’t be directly used on Ethereum (and vice versa). If you want to make a transaction on layer 2, you need to use what’s known as a bridge that connects the main Ethereum blockchain (where your crypto assets are) to the layer 2 networks.
It wouldn’t have been a problem if using this bridge was super easy to understand and use. Don’t get me wrong, for a tech-savvy person (who most DeFi participants are), it is not that difficult to do this. But, for an average joe, this might be a deal-breaker.
To understand this better, let’s take a look at how a project like PlotX might work on layer 2 with MetaMask (the current go-to non-custodial DeFi wallet).
To place a prediction on PlotX using $PLOT on layer 2, one will first need to transfer their $PLOT sitting in their Ethereum wallet to a layer 2 network (let’s say MATIC).
This process requires users to:
- Connect their MetaMask to the Ethereum mainnet and deposit their $PLOT to the MATIC smart contracts;
- Once the funds migrate (this generally takes around 7–8 mins), one can start using them on the MATIC network.
- To make any transaction on MATIC via MetaMask, for example, place a prediction on PlotX; firstly, users will need to change their RPC connection on the MetaMask plugin.
4. Since this is not a default option available in the dropdown, users will need to go via custom RPC and enter the Network Name, New RPC URL, Chain ID, Token Symbol, and Block Explorer link for the MATIC network. Any incorrect data entered here may lead to confusion later on, for example, pointing to the wrong explorer.
While this process may not seem daunting to DeFi veterans, this compromises the user experience for an average/new trader, affecting adoption.
A Better Alternative — Magic Link
MetaMask/WalletConnect are excellent wallet providers for the main Ethereum chain but when talking about L2 solutions like MATIC, the number of manual steps that need to be taken along with their technical complexity stands in the way of user experience. To maintain the balance between security, scalability and user experience, we will be baking Magic Link’s services into the PlotX Beta on L2.
This move will improve the user experience on PlotX and contribute towards increasing the security for users. Magic Link doesn’t require users to create or use a password to log into their accounts or get access to their funds.
Instead, they employ many techniques like Decentralized IDs, Zero-Knowledge Proofs, and Delegated Key Management to give users the ability to log into their accounts by clicking a link delivered to them via email. No password means no chance of data leak, all the while improving the user experience.
How Will It Work?
- When a user comes on PlotX to predict, they will sign up on PlotX using just their email ID and nothing else.
- Once they enter their email and hit “Sign Up”, they’ll receive an email with a link, which when clicked will log them into their account.
A couple of things to note about this process are:
- The login button that the users will receive on their email will expire after 10 minutes.
- Though the email that the users will receive will have the name of PlotX, the email will be generated by Magic Link.
- Whenever a user signs up on PlotX by following the above-stated procedure, a public-and-private key-pair is generated on the client-side for the user inside an iframe, inaccessible by the integrated app.
- The public key to this wallet will be available on the PlotX UI, but the private keys are encrypted by dedicated master keys accessible only by the user. These dedicated user master keys are stored on Hardware Security Modules provided by AWS KMS.
Some of the details mentioned above are quite technical so that we won’t list every detail about the whole procedure. But, if you want to learn more about passwordless login and its benefits over the traditional approach, you can head on over to Magic Link’s docs.
How to stake $PLOT and earn $ORO, $ROYA, $PAID, $RAZOR and $OM
PlotX is delighted to partner with UniFarm by OpenDeFi to introduce group farming, where participants can stake $PLOT to farm five different project tokens.
What is UniFarm?
UniFarm is a staking pool protocol where users can stake one of the available assets and start farming all the participating assets over the staking period. The longer one stays in the pool, the more tokens they can farm.
PlotX is participating in UniFarm’s cohort 3, which will be active for 90 days. Other than PlotX following are the projects taking part
- OpenDeFi ( $ORO)
- Razor ($RAZOR)
- PAID Network ($PAID)
- Royale ($ROYA)
- MANTRA DAO ($OM)
Users will have the option to stake as many different kinds of tokens as they want from the above list of partnering projects with $PLOT
How does a UniFarm pool work?
An example can well illustrate the mechanics of the UniFarm pool. Let’s say that X staked some $PLOT in the UniFarm pool. Now, X will be able to start farming:
- $PLOT from the first week (90 days)
- $ROYA from the second week (83 days)
- $ORO from the third week (76 days)
- $PAID from the fourth week (69 days)
- $RAZOR from the fifth week (62 days)
- $OM from the sixth week (55 days)
The fantastic thing is that X’s earnings will also get auto-staked, resulting in compound rewards. X can un-stake their tokens anytime from the UniFarm pool. Whenever X withdraws their stake, they will get all the tokens accrued until that point, along with his initial deposit. It should be noted that every time X withdraws his deposit, the clock resets to zero.
How to Get Started
Step 1
Unlock your MetaMask Wallet.
Step 2
Open https://unifarm.co/ and tap on the launch app. Connect wallet and select MetaMask. You will be able to select ‘Trust wallet’ or ‘CoinBase’ wallet as well, as per your preference.
Once your wallet is connected, you will be able to see your wallet address on the website itself.
Your wallet address will show up in the top right corner.
Step 3
Select the $PLOT token from the drop-down menu, you can also check the maximum $PLOT you can stake with the help of the alongside option.
Step 4
Click on “Show me available pools”
After entering the $PLOT tokens, you can see which pools are available for $PLOT tokens
Step 5
Here you will be able to view all the active pools for Plot tokens along-with reward token information, APY, Lock-in etc (the pool list will be displayed in descending order of APY).
Step 6
Click on the ‘Stake Now’ button to view the expected return of 90-days duration for your staking.
Step 7
Click on Approve to proceed further
Step 8
MetaMask will prompt you to approve the token. Please note that the approval of the $PLOTtoken will require gas fees. Click confirm to proceed or you can click on reject to cancel the transaction.
Step 9
Once “Approved”, click on the ‘Stake’ button to stake your $PLOT
Step 10
You would be prompted again to confirm your transaction. Click confirm.
Congratulations! You have successfully staked $PLOT on UniFarm!.
The Farm goes live on 3rd March 2021 and will continue for 90 days.
Stake your $PLOT on Unifarm: https://unifarm.co/
How and Where to Buy PlotX (PLOT)?
PLOT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PLOT
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since PLOT is an altcoin we need to transfer our coins to an exchange that PLOT can be traded. Below is a list of exchanges that offers to trade PLOT in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase PLOT from the exchange.
Exchange: Hoo, Uniswap (V2), and BitMax
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 PLOT 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
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase
Find more information PLOT
☞ Website
☞ Announcement
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Documentation
☞ Coinmarketcap
Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#cryptocurrency #blockchain #bitcoin #plotx #plot
What is GEEK
Buddha Community
1606896893
What is PlotX (PLOT) | What is PlotX token | What is PLOT token
PlotX is a non-custodial prediction protocol that enables users to earn rewards on high-yield prediction markets.
Dubbed as the Uniswap of Prediction Markets, PlotX uses an Automated Market Making algorithm to create, settle markets and distribute rewards on the Ethereum Blockchain without any counter-party risk. Markets are focused on crypto-pairs like BTC, ETH, YFI etc and are automatically created in intervals of 4 hour, 1 day and 1 week.
PlotX also uses on-chain governance powered by GovBlocks.
PlotX with the new, simpler & safer login flow!
As you might already know, PlotX is going to be moving to Layer 2 soon. But, going on L2 can be a little harder than what meets the eye. During any L2 transition, developers need to strike a balance between the delicately placed trilemma of security, scalability, and user experience.
It’s essential that none of the above-stated characteristics is compromised while transitioning to L2, as it would severely impact the adoption of the Dapp you’re building.
In such a scenario, every feature of your Dapp needs to be vetted for the impact it might have on the user experience, and how well it will fit in with the rest of the Dapp.
If you don’t already know what moving to layer 2 means, here’s a quick background.
Transactions on L2
Since layer 2 doesn’t exist on the Ethereum blockchain, the cryptocurrencies that exist on them also can’t be directly used on Ethereum (and vice versa). If you want to make a transaction on layer 2, you need to use what’s known as a bridge that connects the main Ethereum blockchain (where your crypto assets are) to the layer 2 networks.
It wouldn’t have been a problem if using this bridge was super easy to understand and use. Don’t get me wrong, for a tech-savvy person (who most DeFi participants are), it is not that difficult to do this. But, for an average joe, this might be a deal-breaker.
To understand this better, let’s take a look at how a project like PlotX might work on layer 2 with MetaMask (the current go-to non-custodial DeFi wallet).
To place a prediction on PlotX using $PLOT on layer 2, one will first need to transfer their $PLOT sitting in their Ethereum wallet to a layer 2 network (let’s say MATIC).
This process requires users to:
- Connect their MetaMask to the Ethereum mainnet and deposit their $PLOT to the MATIC smart contracts;
- Once the funds migrate (this generally takes around 7–8 mins), one can start using them on the MATIC network.
- To make any transaction on MATIC via MetaMask, for example, place a prediction on PlotX; firstly, users will need to change their RPC connection on the MetaMask plugin.
4. Since this is not a default option available in the dropdown, users will need to go via custom RPC and enter the Network Name, New RPC URL, Chain ID, Token Symbol, and Block Explorer link for the MATIC network. Any incorrect data entered here may lead to confusion later on, for example, pointing to the wrong explorer.
While this process may not seem daunting to DeFi veterans, this compromises the user experience for an average/new trader, affecting adoption.
A Better Alternative — Magic Link
MetaMask/WalletConnect are excellent wallet providers for the main Ethereum chain but when talking about L2 solutions like MATIC, the number of manual steps that need to be taken along with their technical complexity stands in the way of user experience. To maintain the balance between security, scalability and user experience, we will be baking Magic Link’s services into the PlotX Beta on L2.
This move will improve the user experience on PlotX and contribute towards increasing the security for users. Magic Link doesn’t require users to create or use a password to log into their accounts or get access to their funds.
Instead, they employ many techniques like Decentralized IDs, Zero-Knowledge Proofs, and Delegated Key Management to give users the ability to log into their accounts by clicking a link delivered to them via email. No password means no chance of data leak, all the while improving the user experience.
How Will It Work?
- When a user comes on PlotX to predict, they will sign up on PlotX using just their email ID and nothing else.
- Once they enter their email and hit “Sign Up”, they’ll receive an email with a link, which when clicked will log them into their account.
A couple of things to note about this process are:
- The login button that the users will receive on their email will expire after 10 minutes.
- Though the email that the users will receive will have the name of PlotX, the email will be generated by Magic Link.
- Whenever a user signs up on PlotX by following the above-stated procedure, a public-and-private key-pair is generated on the client-side for the user inside an iframe, inaccessible by the integrated app.
- The public key to this wallet will be available on the PlotX UI, but the private keys are encrypted by dedicated master keys accessible only by the user. These dedicated user master keys are stored on Hardware Security Modules provided by AWS KMS.
Some of the details mentioned above are quite technical so that we won’t list every detail about the whole procedure. But, if you want to learn more about passwordless login and its benefits over the traditional approach, you can head on over to Magic Link’s docs.
How to stake $PLOT and earn $ORO, $ROYA, $PAID, $RAZOR and $OM
PlotX is delighted to partner with UniFarm by OpenDeFi to introduce group farming, where participants can stake $PLOT to farm five different project tokens.
What is UniFarm?
UniFarm is a staking pool protocol where users can stake one of the available assets and start farming all the participating assets over the staking period. The longer one stays in the pool, the more tokens they can farm.
PlotX is participating in UniFarm’s cohort 3, which will be active for 90 days. Other than PlotX following are the projects taking part
- OpenDeFi ( $ORO)
- Razor ($RAZOR)
- PAID Network ($PAID)
- Royale ($ROYA)
- MANTRA DAO ($OM)
Users will have the option to stake as many different kinds of tokens as they want from the above list of partnering projects with $PLOT
How does a UniFarm pool work?
An example can well illustrate the mechanics of the UniFarm pool. Let’s say that X staked some $PLOT in the UniFarm pool. Now, X will be able to start farming:
- $PLOT from the first week (90 days)
- $ROYA from the second week (83 days)
- $ORO from the third week (76 days)
- $PAID from the fourth week (69 days)
- $RAZOR from the fifth week (62 days)
- $OM from the sixth week (55 days)
The fantastic thing is that X’s earnings will also get auto-staked, resulting in compound rewards. X can un-stake their tokens anytime from the UniFarm pool. Whenever X withdraws their stake, they will get all the tokens accrued until that point, along with his initial deposit. It should be noted that every time X withdraws his deposit, the clock resets to zero.
How to Get Started
Step 1
Unlock your MetaMask Wallet.
Step 2
Open https://unifarm.co/ and tap on the launch app. Connect wallet and select MetaMask. You will be able to select ‘Trust wallet’ or ‘CoinBase’ wallet as well, as per your preference.
Once your wallet is connected, you will be able to see your wallet address on the website itself.
Your wallet address will show up in the top right corner.
Step 3
Select the $PLOT token from the drop-down menu, you can also check the maximum $PLOT you can stake with the help of the alongside option.
Step 4
Click on “Show me available pools”
After entering the $PLOT tokens, you can see which pools are available for $PLOT tokens
Step 5
Here you will be able to view all the active pools for Plot tokens along-with reward token information, APY, Lock-in etc (the pool list will be displayed in descending order of APY).
Step 6
Click on the ‘Stake Now’ button to view the expected return of 90-days duration for your staking.
Step 7
Click on Approve to proceed further
Step 8
MetaMask will prompt you to approve the token. Please note that the approval of the $PLOTtoken will require gas fees. Click confirm to proceed or you can click on reject to cancel the transaction.
Step 9
Once “Approved”, click on the ‘Stake’ button to stake your $PLOT
Step 10
You would be prompted again to confirm your transaction. Click confirm.
Congratulations! You have successfully staked $PLOT on UniFarm!.
The Farm goes live on 3rd March 2021 and will continue for 90 days.
Stake your $PLOT on Unifarm: https://unifarm.co/
How and Where to Buy PlotX (PLOT)?
PLOT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PLOT
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since PLOT is an altcoin we need to transfer our coins to an exchange that PLOT can be traded. Below is a list of exchanges that offers to trade PLOT in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase PLOT from the exchange.
Exchange: Hoo, Uniswap (V2), and BitMax
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 PLOT 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
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase
Find more information PLOT
☞ Website
☞ Announcement
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Documentation
☞ Coinmarketcap
Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#cryptocurrency #blockchain #bitcoin #plotx #plot
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
#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token
1621844791
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.
#safemoon token #safemoon token clone #safemoon token clone development #defi token
1624230000
How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!
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
🔥 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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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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