What is the Safemoon contract and how does it work in the cryptocurrency market?

3 answers

• Dec 18, 2021 · 3 years ago
  The Safemoon contract is a smart contract that operates on the Binance Smart Chain (BSC). It is a deflationary token that includes a static reflection and a liquidity pool acquisition mechanism. The contract charges a 10% fee on every transaction, with 5% distributed to existing holders and the remaining 5% added to the liquidity pool. This mechanism incentivizes holders to keep their tokens and provides stability to the price. The contract also includes anti-whale and anti-bot measures to prevent large price manipulations and ensure a fair distribution of tokens.
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• Dec 18, 2021 · 3 years ago
  The Safemoon contract is like a set of rules that govern the behavior of the Safemoon cryptocurrency. It ensures that every transaction incurs a fee, which is then distributed to existing holders and added to the liquidity pool. This fee mechanism helps to discourage short-term trading and encourages long-term holding. Additionally, the contract includes measures to prevent large holders from manipulating the price and to protect against bot activity. Overall, the Safemoon contract aims to create a sustainable and fair ecosystem for its token holders.
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• Dec 18, 2021 · 3 years ago
  The Safemoon contract is an innovative approach to cryptocurrency design. It introduces a fee mechanism that benefits existing holders and the liquidity pool. This fee structure helps to stabilize the price and incentivizes long-term holding. The contract also includes measures to prevent market manipulation and ensure a fair distribution of tokens. The Safemoon contract has gained popularity in the cryptocurrency market due to its unique features and potential for long-term growth.
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