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NEW YORK, NY / ACCESSWIRE / June 14, 2021 / Members of the BSC community recently launched Safemoon Cash, a carpet-proof project operated on the Binance Smart Chain. Ownership of the project has been relinquished entirely and it is currently a community project. The crypto bull season has brought several opportunities with Bitcoin and several alt-coins have reached new all-time highs. As with every bullish season, new crypto projects likely to become the choice of the majority, as new use cases have found many takers. The most important of these are community projects and even currencies. Safemoon Cash, a Binance Smart Chain-based community project, which complements Safemoon, is one of those community projects for making all the right noise.
Binance Smart Chain has also become a success in itself and is now opposed to the Ethereum network also for its smart contract and Defi’s support for a cheaper method of exchanging transactions. As the Ethereum network has become more expensive to use, the native Bull Seasons channel has gained a lot of ground for the same functionality. At one point, it was processing the Ethereum network transaction 4 times. Essentially, smaller trades versus larger investments are extremely difficult to send from one wallet to another. Sending $ 10 in the form of any ERC-20 token can cost up to 400% of the transaction fee. Why would someone spend $ 50 just to send $ 10? This is the problem with Ethereum.
Safemoon Cash’s use cases make it valuable
Safemoon Cash was stealthily launched by members of the BSC community in April 2021 after Safemoon reached a market cap of over $ 4 billion. With its higher transaction tax, the early holders of Safemoon benefited the most. In contrast, Safemoon Cash offers holders passive rewards through static reflections. By putting Safemoon Cash in a pool, it raises capital, ensuring liquidity. Safemoon Cash believes in superior tokenomics, thanks to a 3% lower taxation, and the fact that the ownership of the smart contract is entirely waived, which makes the project more unique.
The story continues
The Safemoon Cash Project derives its utility from being a rug-proof project that exploded in popularity within two months of its launch. The project is currently live on PancakeSwap, XT, Probit, Bibox and HotBit. The project recently launched the swap function via BSC Dex PancakeSwap and now has its own SMC Swap. swap.Safemooncash.org The relinquishment of project ownership added to an exceptional tokenomics gives it utility. The project brought together more than 235,000 user base holders within 6 weeks of its official launch, making Safemoon Cash one of the fastest growing crypto projects in history.
So far the great thing about Safemoon Cash is not just being a great project, but the strong team and healthy community that support it. The project has been audited twice, reflecting the project’s proven claims to carpet pullout resistance.
Tokenomics
Some of the key features of the project in project tokenomics that make it so relevant and valuable include,
4% transaction tax: Safemoon Cash is based on strong tokenomics. Each Safemoon Cash transaction incurs a tax of 4% for the benefit of all.
2% distributed to all holders: 2% automatically to cash. 2% of each transaction is blocked in Safemoon Cash’s liquidity pool to create a constantly increasing floor price.
The transaction limit is 490,000,000,000,000 SAFEMOONCASH.
The total supply is 100,000,000,000,000,000 SAFEMOONCASH.
Tokenomics is the need to manage inflation and deflation with cryptocurrency. A good project with an infinite supply would end up perishing due to inflation. This is where Safemoon Cash combines the best of both worlds; A well-audited market offering with searing features to help it beat token inflation.
Whales holding a significant portion of the supply could be a source of concern for any project as they can initiate a pump and dump system at any time. The whales of Safemoon Cash are different because no particular holder holds more than 2.5% of the total supply.
After the stealth launch, the early entrants pumped and drained the market cap from 1.2 million to 200,000. Safemoon Cash, however, quickly began to grow organically with loyal investors, all of whom share the same goal of reaching 25. % of Safemoon’s market capitalization.
Safemoon Cash’s tokenomics are solid and revolutionary in the form of a total tax of 4% on each transaction. A good analogy is to compare the evolution of opposable thumbs in primates; The project has a greater grip on a global cryptocurrency goal as it relates to humanity. If everyone on earth had a Safemoon Cash wallet for use in day-to-day transactions, people in first world countries would contribute via redistribution into the wallets of users from third world regions like Africa through every transaction. This would create a direct charity for individuals rather than an indirect charity for foundations. Safemoon Cash, being a BEP-20 token combined with its tokenomics, is like rims and tires compared to Bitcoin’s first stone wheel.
The way to go
In the third quarter of 2021, Safemoon Cash will introduce the Safemoon Cash Governance (SMCG) token and the Safemoon Cash Governance interface. SMCG holders can help shape the future of Safemoon Cash by influencing decisions about the project, such as the proposal or the decision on new proposals (i.e. Safemoon Cash is 100% community-based and with SMCG, therefore the community is In addition, it will roll out the Yield Farming Protocol: Farm SMCG using Safemoon Cash in the Safemoon Cash Bank This will block Safemoon Cash, thus decreasing the selling pressure and increasing liquidity.
In the third and fourth quarters of 2021, the community-led project will focus on developing use cases for Safemoon Cash as an adoptable currency. Safemoon Cash will eventually be one of the most widely used cryptocurrencies inside and outside the ecosystem. He will present the Safemoon Cash Casino where users will be able to play with the SMC (G) token. Additionally, the project will develop a betting protocol specifically for the Twitch gaming industry using the SMC (G) token for rewards in competitions. Safemoon Cash will eventually be integrated with online crypto payment services.
Social connections
Twitter: https://www.twitter.com/safemooncashTelegram: https://t.me/safemooncashReddit: https://www.reddit.com/r/SAFEMOONCASHCommunity/Instagram: https://instagram.com/safemooncashBlog: https://medium.com/@safemooncash
Media contact
Company: Safemoon CashContact: Connor LeachEmail: [email protected]: https://www.safemooncash.org
SOURCE: Safemoon Cash
See the source version on accesswire.com: https://www.accesswire.com/651664/Safemoon-Cash-SMC-Offers-a-New-Community-Driven-Crypto-Ecosystem-with-Exploding-Userbase
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