DeFi token development like safemoon - An innovation for the future of finance
Digital assets are in surge with the modern ecosystem and enterprise adoption of blockchain’s decentralised technology. These digital assets had risen to its peak with multiple avatars in the blockchain that offered surplus benefits to the investors and blockchain business developers. Investors are attracted to the cryptocurrency due to its intrinsic value and substantial revenue opportunities in the blockchain ecosystem. Bitcoin is one of the flamboyant cryptocurrencies that has experienced phenomenal growth in the past few years with the evolution of blockchain technology which also attracted many businesses towards the blockchain’s decentralized ecosystem.
Hence, these cryptocurrencies remain volatile due to the turbulence in blockchain technology. Upcoming blockchain technologies and services result in the fluctuation of these digital assets. This kind of short-term volatility makes it unsuitable for daily usage and cannot be considered as a trustable investment option. The rise of stable coin tokenomics builds a revolution in DeFi by offering stable investment options in a decentralized medium. This attracts investors to make their investments with stable coins for its asset stability and safer investment opportunities.
Safemoon is the most advanced stable coin in the crypto market that manages the stability of the asset value without fluctuations. Build your token like safemoon to offer asset stability in a decentralized environment that nourishes your blockchain business with abundant rewards and business opportunities.
What is Safemoon?
Essentially, a currency should act as a medium of monetary exchange and a mode of storage of monetary value, and its value should remain stable over longer time horizons. These cryptocurrencies should maintain their purchasing power and should have minimal inflation with sufficient liquidity to encourage spending the tokens instead of saving them. The volatility in cryptocurrency refrains users from the adoption of cryptocurrency and other crypto investments. Blockchain’s evolution in tokenization sorted the volatility issue in existing digital assets with its impeccable innovation, Stablecoins.
Since fiat currencies are pegged to an underlying asset, such as gold or forex reserves which act as collateral, their valuations remain free from wild swings. Even in certain extreme cases when a fiat currency’s valuations may move drastically, the authorities take charge to manage the demand and supply of fiat currency to maintain price stability.
Safemoon is a DeFi token that maintains stability to its token value with its automated liquidity pool. This automated liquidity pool does not allow the investors to sell all the tokens, which may result in price drops or fluctuations in the tokens.
Special features of our token like Safemoon
Automated Liquidity pool
An automated liquidity pool is a special feature that makes safemoon unique. The smart contract gathers tokens from sellers and buyers and adds them to the LP by creating a solid price floor.
The penalty acts as an arbitrage resistant mechanism that secures the volume of Tokens as a reward for the holders. The added LP tokens create stability from the supplied LP token by adding the tax to the overall liquidity of the token. Increasing the token’s overall LP and supports the price floor of the token.
The reward amount depends upon the volume of the token being traded. This mechanism aims to alleviate the price drops put on the token caused by earlier adopters selling their tokens after farming.
The reflect mechanism encourages holders to hang onto their tokens to garner higher kickbacks. The reward percentage depends upon the volume of tokens staked by a user.
Community governed Token
The Token is mutually distributed to all the users without holdings. The token distribution, staking, and its price fluctuations will be governed by the community that holds the token. Each activity of the token is governed by the community. Also, the community empowers the value of the tokens.
A continuous automated burn of tokens will result in the community having no control over the tokens. Having burns controlled by the team, and promoted based on achievements helps to keep the community rewarded and informed. The token details and burned amount and other details will be announced to the user transparently. This manual burning supports the community to manage the stable value of tokens.