The emergence of cryptocurrencies has revolutionized the digital marketing world. Fresh opportunities have been created for investors and for business models to invest and enjoy profits. Due to the massive popularity of cryptocurrencies, many crypto development companies have decided to create their own crypto token and yield high-volume profits.
SafeMoon is the newest form of token in the crypto world, it was developed in March 2021. It has gained over the period of time since its arrival. It has registered itself as a dominant token in the digital market space. SafeMoon is increasing profits and empowering interests to the public audience.
What is SafeMoon?
SafeMoon is a decentralized finance-based token which functions like the tokenomics of the reflect finance. The DeFi token like SafeMoon focuses on leveraging revenues to its users. The SafeMoon token operates on the Binance Smart Chain framework. The primary reason for the rapid growth of this DeFi token like SafeMoon is that it significantly receives less capital investment when compared to the other popular crypto tokens and the values are increased by implementing the burn mechanisms, thus, it has appeared to be a reward generating token.
Workflow Of A SafeMoon Token
The working of the SafeMoon token depends on the functionalities of these four protocols, such as Static Rewards, Reflection, Manual Burns, and Automatic LP.
- Reflection protocol is an essential attribute in the crypto world, it allows users to generate a yielding share of income on every successful entrant in the crypto platform.
- Static rewards protocols are created to solve multiple issues in the platform that includes volume and condition-based trading. Due to the mass adoption of the tokens by the investors, the pressure exerted on them is reduced by utilizing the effect of static rewards.
- The usability of the token is improved by implementing manual burning mechanisms. This mechanism focuses on providing positive outcomes for the future.
- The automatic liquidity pool initiates two primary mechanisms, such as adding the funds to the liquid pool to create a solid price floor and acquiring funds from sellers and buyers.
Our SafeMoon Clone Development Process
The SafeMoon clone development process consists of two methods namely, the first method is to build a DeFi token like SafeMoon by implementing a SafeMoon clone script and the second method is to construct the token from scratch to deliver the end-to-end services.
These are the general steps to create a DeFi token like SafeMoon.
- Create a token, the symbol or logo, and the total supply.
- Choose the appropriate blockchain technology for the launch of the token.
- Create an account to build the DeFi token.
- Implement a fresh smart contract that facilitates the operations.
- Initiating the token to have the ability to send them to different addresses of the users at ease.
- Forming a token transfer event notifies the DeFi wallets when a token transfer takes place.
- Replication of wallet address is essential as it assists in the transfer of the token from the wallet in which it was originally held.
- The DeFi wallet helps the user to store and manage tokens.
- The token transfer process is facilitated in the form of easy and flawless processing of transactions. The entire process is decentralized and secured.
- The tokens are then listed on leading decentralized exchanges in the digital space, it increases the sales and tradings. This process is initiated after the construction of the DeFi token like SafeMoon.
- The initialization of a cold storage facility will enable the users to protect their tokens from unauthorized access.
- All token information is updated by copying the token contract address.
- The updated token information will be displayed on the screen.
- The tokens are transferred to other users by executing a transaction.
- The executed transaction will contain all the data like total amount, block number, hash.
- The final process is the delivery of tokens into the digital market.
The Future Of SafeMoon DeFi Tokens
At the present, the cryptocurrency domain is rapidly emerging in the crypto space. The prominent success of cryptocurrencies like Bitcoin, Ethereum, Dogecoin, etc, has attracted investors and business heads towards this field. Due to the success of these cryptocurrencies. The future looks bright for the newcomers, SafeMoon is a very recently introduced DeFi token that is exhibiting a promising future.
In the near future, SafeMoon’s price value will increase and it will be subjected to high volatility due to its popularity. At the beginning stages, it began with a mediocre note, but at the present, it has been a trendsetter. Elon Musk has provided great assistance in its epic rise, he posted a tweet about the SafeMoon, and its coin value was increased by 25%. This fundraising model looks promising, thus, it forms an attractive investment domain for the users who are planning to begin a fundraising campaign like SafeMoon.
Why Hire Blockchain App Factory To Develop Your DeFi Token Like SafeMoon?
We at Blockchain App Factory specialize in creating a token development platform like SafeMoon for top business entities. Our professional expertise in the domain of blockchain development is unparalleled. We offer top-notch services to clients who are interested in creating a DeFi token to increase their business capital. At Blockchain App Factory, we offer high-level product deployment services, automatic liquidity services, efficient market analysis, and custom architectural design. We are worldwide acclaimed for our token development services. We are globally recognized for developing tokens on various blockchain networks such as Tron, EoS, Ethereum, Binance Smart Chain, etc. Our primary focus is to provide scalability and robustness in the minting process and manual burning mechanisms. We build one of the best attractive UI designs in the field, which will increase the easy utilization and visibility of the token brand. Our primary focus is to ensure that our clients always remain ahead of their business competitors. Contact us soon!