1613791525
What is ARCx (ARC) | What is ARCx token | What is ARC token | ARCx (ARC) ICO
Background
ARCx is a synthetic asset protocol that unlocks the liquidity of your interest earning assets through our native stable-coin STABLEx.
Current stable coin designs generally fall within a couple of broad categories:
- Centralised Services such as USDC and USDT offer strong protection to users as tokens are backed 1:1 by USD. However risks include centralisation risk and intervention from governments or central governing bodies
- Elastic Supply Coins usually involve some form of rebasing mechanism (ESD, Ampleforth) however aren’t collateral backed. There is the potential scenario for loss in confidence which means that peg is unable to be maintained.
- Over-collateralised Coins such as MakerDAO and SNX create confidence in the coin however isn’t a perfect scenario given it’s inability to maintain a stable peg. Additionally over-collateralised coins are highly capital inefficient
STABLEx
STABLEx is a stable coin that takes the learnings from all of the various projects listed above to create a more efficient stable coin product that is able to maintain a tight peg. It has the following characteristics:
- Partial Collateral: the system as a whole will be partially collateralised which will improve on the deficiencies of Elastic Supply Coins and provide confidence in maintaining the peg
- Governance Controlled Variables: from algorithm stable coin experiments we have seen that a fully algorithmic coin does not maintain a tight peg yet. As such the design currently allows for governance to control and update the various levers. This will allow for faster learnings on how to maintain the peg
Key Levers
More details will be outlined in the Core Concepts however at a high level the following are the levers governance has control over
- Savings Rate: the amount of STABLEx that is created and sent to holders of STABLEx (seignorage concept taken from ESD, Basis Cash etc)
- Interest Rate: the interest rate is how much minters will be paying on their debt (concept from MakerDAO)
- Collateral Ratio: this is the amount of collateral that is required in the vault. The lower the number the higher leverage
Does the ARCx platform have a token?
The ARCx platform will have protocol token called $ARCX. The ERC-20 contract for this token will be deployed at a later time from the ARCx platform contracts, likely at some point in the next month. Details regarding ARC issuance and supply are still being considered. We will post updates to the ARC token page as decisions are made. You may also subscribe to receive updates regarding both the ARC token and the ARCx platform.
Have the ARCx smart contracts been audited?
The ARCx smart contracts have been audited by Quantstamp and received multiple independent reviews.
Are the contracts open source?
Currently the contract repos are not open to public access.
Is the ARCx platform permissioned?
The team will retain ownership of the contracts during ARCx’s infancy. This will eliminate the possibility of a governance attack early on, and will allow for quick updates if necessary.
Will there be usage limits (e.g. asset caps) when ARC is launched?
Yes. The ARCx platform will begin with limitations on the amount of capital that can be deposited, and therefore the amount of synthetics that can be minted.
TOKEN SALE
Phase 1 Sale
Users who have participated in KYF (know your farmer) in the past are eligible to participate in the KYF sale. This includes farm 1-4 (doesn’t include the current farm).
There are a total of 200 ARCx tokens that have been allocated to this round, with a price of 2,500 USDC per ARCx token.
The sale will start on the 15th Feb 2021 (UTC 12:00) and end on the 17th Feb 2021
Users who are eligible should check the app and see what their allocation is at https://app.arcx.money
Details:
- February 15th to 17th, 2021 (unless sold out sooner)
- Price: $2,500 per token, representing a $25m fully diluted valuation. All buyers will pay the same price.
- Exclusively available to all KYF verified users (Know Your Farmer v1 & v2) who participated in Farm 1, 2, 3 or 4
- Maximum of 200 ARCx ($500k) available, representing 2% of total supply
- Maximum per buyer: from Farm 1 to Farm 4, depending on the amount of each buyer’s KYF participation
- Locked until end of Phase 2
- Any unsold tokens will be rolled over into Phase 2 or be further resold to existing KYF users
Click here to confirm your allocation
Calculations
The following outlines how we did the calculations for each user. For each of the farms we allocated a number of tokens that could be purchased:
- Farm 1: 110
- Farm 2: 60
- Farm 3: 40
- Farm 4: 190
Then we took the number of participants per farm which gives us a distribution per wallet (e.g. if 10 people participated in Farm 1 then it would be 110 / 10 = 11 ArcX per wallet)
Finally we simply add up the allocations on a per wallet basis. This means that those who participated in all 4 farms would have more rewards than those who participated in only a single farm.
Important Notes
- Do NOT use a wallet that is not approved. Funds will not be refunded
- Do NOT send more than you are allocated. Funds will not be refunded
- If you send less than your allocation, you will be allocated ARCx pro rata
Phase 2 Sale
Users who have participated in minting StableX and who have provided liquidity to Uniswap or Curve are able to participate in the second phase of the sale.
There are a total of 1200 ARCx tokens as well as any tokens left over from the Phase 1 sale that have been allocated to this round, with a price of 6,500 USDC per ARCx token.
The sale will start on the 4th March 2021 and end on the 5th March 2021
The Curve pool itself is hosted on https://app.arcx.money/exchange not on https://curve.fi
Details:
- Eligibility period: January 20th to March 3rd, 2021 (UTC)
- Sale: March 4 to March 5, 2021
- Exclusively available to users who have minted STABLEx and provided liquidity for STABLEx on Uniswap or Curve for since the launch of Farm #5 (19th Jan).
- Price: $6,500 per token, representing a $65m fully diluted valuation.
- ARCx available for purchase: 1200 tokens, plus any remaining tokens from Phase 1 (12% + roll over from phase 1)
- Maximum per buyer: Calculated based on time spent providing liquidity * $ value of liquidity provided.
- ⅓ of the purchased tokens will be unlocked upfront and the remaining ⅔ will be unlocked after 6 months
- If there are any unclaimed allocations, they will be sold at the discretion of the ARCx team at no less than $6,500 per token
Calculation
For simplicity we will assume that 1 USDC = 1 STABLEx = 1 USD
To calculate the number of ARCx tokens you are eligible for you first take the total amount of liquidity on a per second basis, where the total amount of liquidity is the sum of all of your USDC and STABLEx.
You then take this number and calculate it as a percentage across all wallets to get your weight (i.e. your liquidity / total liquidity)
Finally, you multiply this percentage by the total amount of ARCx available to purchase
Example:
- You deposit 10 USDC and 10 STABLEx for 10 seconds. In this instance you will have 10 * (10 + 10) = 200
- You then remove 5 USDC and 5 STABLEx for another 10 seconds. For this time period you have 10 * (5+5) = 100
- You finally remove all liquidity and wait until the pool to end. In this example you simply take the sum of the two so 200 + 100 = 300
- Let’s say there was another 3000 in liquidity over time. Your weight is then 300 / 3000 = 0.1
- Say there are 1200 ARCx tokens, you will be eligible for 1200 * 0.1 = 120
TOKEN SALE: 4 MAR – 5 MAR
Ticker: ARCX
Token type: ERC20
ICO Token Price: 1 ARCX = 6500 USD
Fundraising Goal: $7,800,000
Total Tokens: 10,000
Looking for more information…
☞ Website ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ ARCx Token Sale Phase 2 Information ☞ ARCx App ☞ ARCx Token Sale Phase 1 Information (ENDED)
Would you like to earn TOKEN right now! ☞ CLICK HERE
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1613791525
What is ARCx (ARC) | What is ARCx token | What is ARC token | ARCx (ARC) ICO
Background
ARCx is a synthetic asset protocol that unlocks the liquidity of your interest earning assets through our native stable-coin STABLEx.
Current stable coin designs generally fall within a couple of broad categories:
- Centralised Services such as USDC and USDT offer strong protection to users as tokens are backed 1:1 by USD. However risks include centralisation risk and intervention from governments or central governing bodies
- Elastic Supply Coins usually involve some form of rebasing mechanism (ESD, Ampleforth) however aren’t collateral backed. There is the potential scenario for loss in confidence which means that peg is unable to be maintained.
- Over-collateralised Coins such as MakerDAO and SNX create confidence in the coin however isn’t a perfect scenario given it’s inability to maintain a stable peg. Additionally over-collateralised coins are highly capital inefficient
STABLEx
STABLEx is a stable coin that takes the learnings from all of the various projects listed above to create a more efficient stable coin product that is able to maintain a tight peg. It has the following characteristics:
- Partial Collateral: the system as a whole will be partially collateralised which will improve on the deficiencies of Elastic Supply Coins and provide confidence in maintaining the peg
- Governance Controlled Variables: from algorithm stable coin experiments we have seen that a fully algorithmic coin does not maintain a tight peg yet. As such the design currently allows for governance to control and update the various levers. This will allow for faster learnings on how to maintain the peg
Key Levers
More details will be outlined in the Core Concepts however at a high level the following are the levers governance has control over
- Savings Rate: the amount of STABLEx that is created and sent to holders of STABLEx (seignorage concept taken from ESD, Basis Cash etc)
- Interest Rate: the interest rate is how much minters will be paying on their debt (concept from MakerDAO)
- Collateral Ratio: this is the amount of collateral that is required in the vault. The lower the number the higher leverage
Does the ARCx platform have a token?
The ARCx platform will have protocol token called $ARCX. The ERC-20 contract for this token will be deployed at a later time from the ARCx platform contracts, likely at some point in the next month. Details regarding ARC issuance and supply are still being considered. We will post updates to the ARC token page as decisions are made. You may also subscribe to receive updates regarding both the ARC token and the ARCx platform.
Have the ARCx smart contracts been audited?
The ARCx smart contracts have been audited by Quantstamp and received multiple independent reviews.
Are the contracts open source?
Currently the contract repos are not open to public access.
Is the ARCx platform permissioned?
The team will retain ownership of the contracts during ARCx’s infancy. This will eliminate the possibility of a governance attack early on, and will allow for quick updates if necessary.
Will there be usage limits (e.g. asset caps) when ARC is launched?
Yes. The ARCx platform will begin with limitations on the amount of capital that can be deposited, and therefore the amount of synthetics that can be minted.
TOKEN SALE
Phase 1 Sale
Users who have participated in KYF (know your farmer) in the past are eligible to participate in the KYF sale. This includes farm 1-4 (doesn’t include the current farm).
There are a total of 200 ARCx tokens that have been allocated to this round, with a price of 2,500 USDC per ARCx token.
The sale will start on the 15th Feb 2021 (UTC 12:00) and end on the 17th Feb 2021
Users who are eligible should check the app and see what their allocation is at https://app.arcx.money
Details:
- February 15th to 17th, 2021 (unless sold out sooner)
- Price: $2,500 per token, representing a $25m fully diluted valuation. All buyers will pay the same price.
- Exclusively available to all KYF verified users (Know Your Farmer v1 & v2) who participated in Farm 1, 2, 3 or 4
- Maximum of 200 ARCx ($500k) available, representing 2% of total supply
- Maximum per buyer: from Farm 1 to Farm 4, depending on the amount of each buyer’s KYF participation
- Locked until end of Phase 2
- Any unsold tokens will be rolled over into Phase 2 or be further resold to existing KYF users
Click here to confirm your allocation
Calculations
The following outlines how we did the calculations for each user. For each of the farms we allocated a number of tokens that could be purchased:
- Farm 1: 110
- Farm 2: 60
- Farm 3: 40
- Farm 4: 190
Then we took the number of participants per farm which gives us a distribution per wallet (e.g. if 10 people participated in Farm 1 then it would be 110 / 10 = 11 ArcX per wallet)
Finally we simply add up the allocations on a per wallet basis. This means that those who participated in all 4 farms would have more rewards than those who participated in only a single farm.
Important Notes
- Do NOT use a wallet that is not approved. Funds will not be refunded
- Do NOT send more than you are allocated. Funds will not be refunded
- If you send less than your allocation, you will be allocated ARCx pro rata
Phase 2 Sale
Users who have participated in minting StableX and who have provided liquidity to Uniswap or Curve are able to participate in the second phase of the sale.
There are a total of 1200 ARCx tokens as well as any tokens left over from the Phase 1 sale that have been allocated to this round, with a price of 6,500 USDC per ARCx token.
The sale will start on the 4th March 2021 and end on the 5th March 2021
The Curve pool itself is hosted on https://app.arcx.money/exchange not on https://curve.fi
Details:
- Eligibility period: January 20th to March 3rd, 2021 (UTC)
- Sale: March 4 to March 5, 2021
- Exclusively available to users who have minted STABLEx and provided liquidity for STABLEx on Uniswap or Curve for since the launch of Farm #5 (19th Jan).
- Price: $6,500 per token, representing a $65m fully diluted valuation.
- ARCx available for purchase: 1200 tokens, plus any remaining tokens from Phase 1 (12% + roll over from phase 1)
- Maximum per buyer: Calculated based on time spent providing liquidity * $ value of liquidity provided.
- ⅓ of the purchased tokens will be unlocked upfront and the remaining ⅔ will be unlocked after 6 months
- If there are any unclaimed allocations, they will be sold at the discretion of the ARCx team at no less than $6,500 per token
Calculation
For simplicity we will assume that 1 USDC = 1 STABLEx = 1 USD
To calculate the number of ARCx tokens you are eligible for you first take the total amount of liquidity on a per second basis, where the total amount of liquidity is the sum of all of your USDC and STABLEx.
You then take this number and calculate it as a percentage across all wallets to get your weight (i.e. your liquidity / total liquidity)
Finally, you multiply this percentage by the total amount of ARCx available to purchase
Example:
- You deposit 10 USDC and 10 STABLEx for 10 seconds. In this instance you will have 10 * (10 + 10) = 200
- You then remove 5 USDC and 5 STABLEx for another 10 seconds. For this time period you have 10 * (5+5) = 100
- You finally remove all liquidity and wait until the pool to end. In this example you simply take the sum of the two so 200 + 100 = 300
- Let’s say there was another 3000 in liquidity over time. Your weight is then 300 / 3000 = 0.1
- Say there are 1200 ARCx tokens, you will be eligible for 1200 * 0.1 = 120
TOKEN SALE: 4 MAR – 5 MAR
Ticker: ARCX
Token type: ERC20
ICO Token Price: 1 ARCX = 6500 USD
Fundraising Goal: $7,800,000
Total Tokens: 10,000
Looking for more information…
☞ Website ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ ARCx Token Sale Phase 2 Information ☞ ARCx App ☞ ARCx Token Sale Phase 1 Information (ENDED)
Would you like to earn TOKEN 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!
#bitcoin #crypto #arcx #arc
1623723978
What is ARCx (ARC) | What is ARCx token | What is ARC token
In this article, we’ll discuss information about the ARCx project and ARCx token
What is ARCx?
ARCx is a decentralized scoring protocol that powers on-chain identity through the issuance of a DeFi Passport.
The first page, or element, in the DeFi Passport is an on-chain credit score. This initial score is issued to an identity based on an assessment of the address’ on-chain activity. More details on this metric and its assessment are on a dedicated Wiki page describing the Credit Score.
Why ARCx?
Earn interest: Buy and hold STABLEx (our native stable coin) in order to earn a fixed interest rate.
Unlock liquidity: Deposit your assets and unlock their value through our stablecoin STABLEx.
Earn ARCx: Use our platform and earn ARCx Governance Token. This is a decentralized protocol.
What can I do with a DeFi Passport?
During Phase 1 of the launch, identities who have been issued their DeFi Passport can access ‘Passport Enabled Farms,’ which exclusively offer high APYs that are incentivized by ARCx and our genesis launch partners.
With time, DeFi Passport holders will then be issued with a Credit Score which will mark the commencement of Phase 2. This Credit Score can then enable dynamic terms for borrowing depending on the borrower themselves.
Looking Forward
The ARCx DeFi Passport is designed to be a staple of users and protocols in Decentralized Finance on multiple blockchains. Beyond the ARCx Credit Score constituting its first page, the applications are endless for the pseudonymous, decentralized profiling and assessment of identities based on on-chain activity.
In the near future, ARCx plans to continue to add more scores and pages to the DeFi Passport. These would include:
- “Yield Farming Scores” that evaluates whether a farmer has a long-term mindset, which shows support for a protocol’s long term growth—as opposed to farming and immediately selling. A higher Yield Farming score based on these parameters could potentially enable favorable APY to incentivize a higher quality and activist community.
- “Airdrop Score” that evaluates whether an address on-chain holds airdrops—again, showing support for a protocol’s long term growth—or immediately sells their tokens.
- “Governance Score” that signals to protocols and builders how actively a user is involved in on-chain governance. Beyond metrics of activity in governance, the kinds of decisions a user makes on-chain and the nature of their governance in given protocol(s) could be very telling of motives and future behavior.
- “Trader Scores” which determine the differences between bots and real identities to give different rates based on how a protocol wants to interact with a counterparty. For example, a DEX could enable lower trading fees for identities compared to that for bots
How to Apply for a DeFi Passport
With security being a paramount concern, the rollout of the ARCx DeFi Passport will initially take place in batches.
The first batch, or Batch #01 will consist of 100 different addresses. The identities who are in this first batch will receive a ‘First Edition’ version of the DeFi Passport, which will provide that identity with benefits within the ARCx ecosystem. Batch #02 will then receive a ‘Second Edition’ version of the DeFi Passport, and so on.
To apply for a batch, you must visit arcx.money, connect your wallet, and send 1000 DAI to join the waitlist. To minimize bad actors and encourage long-term engagement, identities who deposit the DAI to join the waitlist will have their DAI held as a deposit for an amount of time published on the application page, which ultimately may change based on the edition of the DeFi Passport. For example, the First Edition DeFi Passport may hold this deposit for one year, while future editions of the DeFi Passport may hold the deposit for multiple years.
Early ARCx DeFi Passport holders will benefit by:
- Having exclusive access to yield farming opportunities,
- Be able to borrow at the lowest industry collateral ratios.
- Having access to other offers depending on what batch, or what Edition Passport they received.
What is a Credit Score?
The first page of an identity’s DeFi Passport will consist of their Credit Score. This Credit Score will be issued based on an on-chain analysis of an Ethereum address’ activity. Once a score is assigned, ARCx can then enable dynamic terms for borrowing depending on the borrower themselves.
The Credit Score will be judged on a scale from 0 to 999, with the 999 score being the most lucrative.
What factors go into assigning a Credit Score?
Phase 1, the initial implementation of the DeFi Passport will issue identities with a binary measurement (‘0’ or ‘1’) that simply measures whether the address is a ‘bot’ or ‘real’ (human) identity. Addresses that are deemed to be ‘bots’ will not be issued with a DeFi Passport, whereas genuine addresses will be issued with theirs.
Phase 2 of the launch of the Credit Score will assign a DeFi Passport with a score on a scale from 0 to 999.
Some factors that give weight to what a good borrower would look like include, but are not limited to the following:
- Had a loan on Compound/Maker/Aave for 6+ months
- Has never been liquidated
- Maintained a large collateral position while maintaining a high (time-averaged) collateral ratio
- Actively repaid loans during days of high market volatility
Additionally, ARCx has built and continues to explore machine learning models to backtest classification of ‘liquidated’ or ‘not liquidated’ positions. These models provide interpretable correlations between on-chain activity and credit risk that make ARCx’s DeFi Passport Credit Score model more sophisticated than traditional, actuarial credit score models.
How the Credit Score is Used
Example Relating Credit Score to Lending Collateral Ratios
The moving pieces involved in utilizing the DeFi Passport Credit Score are best visualized (below) with a concrete example: consider a single collateralized account, called here a ‘vault,’ with a dynamic collateral ratio set by the vault owner’s DeFi Passport Credit Score. In this case, the Vault (which contains collateral + user’s holdings), passes a set of numbers to a smart contract ‘assessor.’ The Assessor will request the user’s credit risk on a scale from 0 - 999 from the Credit Score. This score will then be ‘mapped’ onto a continuous distribution relevant for modifying the Vault conditions through a function called the Mapper. The result is then returned to the Vault in order to return the user’s specific collateral ratio.
Visual of DeFi Passport Credit Score Components
Note the DeFi Passport Credit Score is not a frozen number; it can be updated as needed to provide the most relevant information and a dynamic collateral ratio. This example demonstrates how the DeFi Passport Credit Score in particular adds value to on-chain lending protocols, but this process can be generalized to be integrated with any range of DeFi protocols and their relevant parameters.
ARCx Governance Token (ARCX)
The core function of the ARCx Governance Token is to be the governance mechanism for the ARCx protocol itself. The token is intended to align incentives between various stakeholders within the ecosystem to promote sustainable growth and fair governance.
The ARCx Governance Token currently allows token holders to vote on expenditure from the treasury. In the future, ARCx token holders will be able to vote to receive cash flows generated from the network and participate in native on-chain governance to upgrade the protocol itself.
The first stop in on-chain governance of ARCx is the community forum. An ARCx Improvement Proposal (AIP) should be born from open discussion within a post or on a new post, leading to a Work-in-progress (WIP) proposal, and finally an AIP in its final form to be voted upon. The ARCx DAO encourages you to create an account on the ARCx community forum and get involved.
ARCX Token Split and Migration
Token Split and Migration
After a successful snapshot vote on AIP-2 - the ARCx community has proceeded with a split of the ‘Old ARCx Governance Token’ 1:10,000. This will result in a total supply of 100,000,000 ARCx Governance Tokens.
As an indication, if you hold 1 ARCx worth $10,000 pre-split, you would get 10,000 ARCx post split - each worth $1.00.
Where to Migrate?
The migration contract is accessible through the arcx.money website, which will allow Old ARCx token holders to burn their old tokens and mint new ARCx tokens. This contract will run in perpetuity, meaning that there is no risk of a holder missing out on the migration.
The original ARCx Governance Token will be called the ‘Old ARCx Governance Token’ and the new token post-split will simply be referred to as the ARCx Governance Token.
The core function of the ‘post-split’ ARCx Token will be exactly the same - to govern the protocol, and to use it as a tool to incentivize growth and integrations with other protocols.
Proposals and Voting
Any community member of ARCx can work towards a governance proposal on the ARCx Forum. A key component of community governance involves open communication. ARCx Improvement Proposals (AIPs) should generally involve the following workflow:
- Discussion on the forum/discord channel
- Work-in-progress for a draft of the AIP as its own post on the forum
- Final draft of the AIP to be submitted for voting
Whenever possible, on the forum, try to stick to the guidelines that are posted and pinned on each category so that discussions and proposals can be easily read, contextualized, and vetted by the community.
In the event your proposal gains significant traction within the community, it can then be voted on via Snapshot voting. Snapshot voting allows the community holding the token at a specific moment (block height) in the ETH blockchain without spending transaction fees.
An AIP may enact changes to the core protocol. For a vote considering an AIP to ‘pass’ and become binding, it must gain a quorum of at least 51% of the total voting power in the network.
How and Where to Buy ARCx token ?
ARCx 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, BNB 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 ARCx token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
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), Binance (BNB)…
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 ARCx is an altcoin we need to transfer our coins to an exchange that ARCx can be traded. Below is a list of exchanges that offers to trade ARCx 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/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase ARCx from the exchange.
The top exchange for trading in ARCx token is currently https://hoo.com
Find more information ARCx
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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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.
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