The SafeMoney Digital Whitepaper 2.0
Nicknamed the Safemoon of Tron, SafeMoney Digital addresses the DeFi needs of Tron growing digital entrepreneurial class — a niche that has been largely ignored by the traditional developer.”
To assist our flagship companies; SafeMoney token, SafeMoney exchange, SafeMoney Swap, SafeMoneyWallet and SafeMoneyPay platforms to achieve their ambition to make fiat to crypto services seamless for world community and further aid the adoption of Tron Network on the Continent.
SafeMoney is a yield and liquidity generation protocol by SafeMoney Bank Digital. SafeMoney employs 5 simple functions. Static Rewards + LP acquisition wallet + Burn + DeFi wallet + Marketing Wallet In each trade, the transaction is taxed a 10% fee, which is split 2 ways. Apart from this default feature , there are few interesting projects in the SafeMoney ecosystem each with groundbreaking innovation.
A DApp browse wallet with a P2P marketplace (development starts at $100m hard cap)
A DApp browse wallet with a P2P marketplace (development starts at $100m hard cap)
A Decentralized Exchange (Development starts at $50m hard cap)
A P2P marketplace to seamlessly exchange crypto/fiat with other users (No ETA)
Our Centralized Exchange just like Binance. (no ETA)
Why Static? Static rewards solve a host of problems. Firstly, the reward amount is conditional upon the volume of the tokens being traded. This mechanism aims to alleviate some of the downward sell pressure put on the token caused by earlier adopters selling their tokens after farming crazy high APY’s. Secondly, the reflect mechanism encourages holders to hang onto their tokens to garner higher kick-backs which are based upon a percentage carried out and dependent upon the total tokens held by the owner.
Sometimes burns matter; sometimes they don’t. A continuous burn on any one protocol can be nice in the early days, however, this means the burn cannot be finite or controlled in any way. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked. SafeMoney digital aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of SafeMoney burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point of time.
LP is the secret sauce of SafeMoney. Here we have a function that acts as a two-fold beneficial implementation for holders. First, the contract sucks up tokens from sellers and buyers alike, and adds them to the LP creating a solid price
floor. Second, the penalty acts as an arbitrage resistant mechanism that secures the volume of SafeMoney as a reward for the holders. In theory, the added LP creates a stability from the supplied LP by adding the tax to the overall
liquidity of the token, thus increasing the token's overall LP and supporting the price floor of the token. This is different from the burn function of other reflection tokens which is only beneficial in the short term from the granted
reduction of supply.
As the SafeMoney Token LP increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to prevent the larger dips when whales decide
to sell their tokens later in the game, which keeps the price from fluctuating as much as if there was no automatic LP function. All of this is an effort to alleviate some of the troubles we have seen with the current DeFi reflection
tokens. We are confident that this model and protocol will prevail over the outdated reflection tokens for these reasons.
We will invest in other DeFi projects and from there profit we will airdrop to our token holder's. Which can be more profitable for long term holder's.
We use 5% of funds to market the SafeMoney from global user's and partnership with all tronic projects.
Max Supply: 500,000,000,000,000
Token Burn: 333,634,774,203,663
Total Supply: 166,365,225,796,337