There are numerous tokens generated in the cryptocurrency industry with different characteristics. Recently, it has been all about the DeFi and DeFi tokens. First, it was about the Dogecoin, which has been gaining a huge amount of popularity, considering the 14000% growth in just a few months, then came the SafeMoon token, which offered all the assurance that an investor needs from low investments to promising stability, there is one more to the list that is new to this craze.
Welcome the new entrant – SafeMars!
What if someone were to say that you can get rewarded for doing absolutely nothing but just holding tokens. Somewhere inside all our minds, there is a little voice cheering this, right? Well, you could admit it louder since that is what everyone gets when they hold the SafeMars cryptocurrency. Here, we are enlightening you about the peculiar yet amazing traits of SafeMars. But before that, let us get to know what it is.
SafeMars is the latest crypto built on the Binance Smart Chain (BSC), which was launched on 13th March 2021. As novice as it may seem, the popularity and attention it is receiving is not anything less. In fact, after the success of a very similar SafeMoon cryptocurrency, it has only seen a massive jump in its fame.
According to the SafeMars website, SafeMars is a self-directed yielding and liquidity generation protocol that lets token holders leverage rewards while increasing both their value and liquidity. The users need to hold tokens, and they will get even more of it. Apart from that, for every transaction, the protocol distributes one half as rewards and auto-locks the other portion as liquidity. The tokens are related to the RFI Deflationary Tokenomics, making them a sustainable source of gaining numerous benefits.
How does SafeMars work?
SafeMars works by applying 4% tax to each transaction. The tax is divided into two different roles:
2% is instantly and gaslessly distributed to the SafeMars holders. Without the existing investors having to farm or claim, the other holders will encounter more SafeMars crypto tokens in their wallets.
The other 2% is paired with the Binance Coin (BNB) and then added to the liquidity automatically, in turn increasing the price floor of SafeMars constantly.
How to buy a SafeMars coin?
The user has to download the app on their devices.
Integrate the app with the Binance Smart Chain (BSC) supporting wallets like Trust Wallet or any other crypto wallet
After that, he/she will purchase BNB or BSC on the Trust crypto wallet
Out of the various DApps, the investors can choose one and select a specific digital currency and enter the contract address into the search tab to find SafeMars coin.
The user then sets the amount he/she wants to purchase. Upon pressing the swap button, he will be confirming the transaction.
After that, he/she will have SafeMars coins deposited in his wallet.
What are the different components associated with SafeMars?
SafeMars allows its users to gain rewards without the risks of impermanent loss that comes with liquidity provision on the Automated Market Makers (AMMs) of Decentralized Exchanges (DEXes). The core functionalities of the protocol are its burn mechanism, reward to holders, and transfer tokens into the liquidity pools (LPs) of BNB/SAFEMARS.
RFI mechanics: SafeMars follows the Reflect.Finance (RFI) mechanics principle in its structure by distributing 2% of all transaction fees to its holders. This way, the holders would get rewards, and they will not be affected by the impermanent loss that comes with liquidity provisions stake mechanism. Also, over time, the amount of rewards increases, pertaining to the holdings of each investor.
Automated yield and liquidity generation protocol: The protocol was first launched with an initial supply of liquidity by BNB/SafeMars LP tokens. The ownership of the tokens was sent to the specific burn address. After this, the additional liquidity is added to this pool whenever there is a transaction, and the 2% fee is generated from those transactions. As an outcome, the price floor value gets constantly increased, and there is a reduced circulating supply because it is forever locked in the liquidity pool. Therefore, the safety of funds is ensured.
Deflationary: From the time of launch, over 53.51% of the total supply of the token was sent to the black hole for creating scarcity and reducing the supply. A whopping 715 trillion SafeMars tokens have been burnt by the investors till now.
If you have got any bright business ideas to jump into the cryptosphere with this as your inspiration, you have a lucky break here and now!
Presenting to you the SafeMars clone
SafeMars clone is a replica of the autonomous fundraising platform, SafeMars. It is self-governed fundraising and liquidity generating protocol. This clone offers imperial yield and liquidity generation options on tokens built on the Binance Smart Chain (BSC) blockchain network.
You can avail the functionalities of SafeMars protocol on the affordable white-label SafeMars clone that is readily available as a platform and make a grand entry into the crypto sphere.
Pivotal functionalities of SafeMars clone script
The SafeMars clone script executes the attributes like Reflection, Automated liquidity provisions, and automated token burn mechanism, just like the SafeMars clone. As an addition, it also extends its functionalities into attributes such as swapping, liquidity provisions, and bridging, similar to a normal cryptocurrency exchange.
Features studded with SafeMars clone
Minimum taxes on transactions
Rewards on returns to token holders
Increased price floor
Automated distribution of rewards
Here’s your right time!
SafeMars token has achieved significant progress and updates in the market from the day of its launch. Moreover, to indicate the same, it has also been recently listed on CoinMarketCap, and as an addendum, it has launched a sister coin on the name of SafeEarth on the Ethereum blockchain network. And the latest news goes on and on.
If you are searching for the right time to enter into the world of DeFi, then it’s now. At AppDupe, we help you in game-changing DeFi development, to launch a fundraising token like SafeMars and deliver your projects that offer compliance with various blockchain networks with a customizable design architecture.
Having drenched in the field for many years, we know how fast the market trends change and how hard it is to sustain them. Therefore, we offer pulsating products that always stay in line with the current cryptocurrency trends and aids you in staying on par with your competitors in the industry. So, do not wait any more, and reach out to our talented development team right away.
At AppDupe, we know that our customers are Entrepreneurs and keeping them succeeding is what will make us stronger. So, we promise you, Life Time Updates free of charge. Yes, we know that Apple and Google keep coming out with new versions of their mobile OS's and other companies we clone from also keep updating their features and UX to stay up-to-date. We will take care of that for you, leaving you to do what you do best, Win!
Is this legal?
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