Get rewarded for holding your tokens doing absolutely nothing. Safemars is among the list of frictionless yield tokens offering long-term holders automatic yields.
What is SafeMars?
SafeMars autonomous yield and liquidity generation protocol is created to reward holders while increasing both liquidity and value.
Simply hold SafeMars tokens in your wallet, and you will get more. On each transaction, the protocol automatically distributes rewards to holders as well as auto-locks a portion of the fees as liquidity forever.
Automated Yield and Liquidity Generation Protocol
Auto-lock Liquidity Forever
SafeMars rewards users without them encountering the risk of impermanent loss (IL) associated with liquidity provision(LP) on Dex automated market makers (AMM). SafeMars protocol launched on the 13th of March. It has been embedded with features that will burn transactions, reward holders, and automatically transfer tokens into BNB/SAFEMARS LP for added liquidity.
RFI Mechanics: Following the innovative token redistribution design of the RFI token, SafeMars is adopting the same principle in its token structure. All transactions incur a 2% fee which are distributed proportionally across all holders. Holders are rewarded for the success of SafeMars and do not have to be exposed to impermanent loss associated with LPs stake mechanism. The amount of rewards increases over time as long as the investor HODLs.
Automated Yield and Locked Liquidity Generation Protocol: SafeMars was launched with an initial supply of liquidity in the form of BNB/SAFEMARS LP tokens. Ownership of the tokens was renounced and sent to the burn address. Additional liquidity is automatically added to the SAFEMARS pool from the 2% fee generated from each transaction.
In result, the token has a permanently increasing-price floor in addition to an effectively reducing circulating supply that is forever locked in the liquidity pool. This further ensures the safety of investors’ funds as the token is unruggable and is continuously burned.
Deflationary: Following the launch, 53.51% of the total supply was sent to the black hole, permanently reducing the supply and creating scarcity for the token. The black hole is classified as a SAFEMARS holder as it also receives shares from each transaction fee. Each share is burned, resulting in a reducing circulating supply for the token.
The token has achieved significant updates and progress. SafeMars recently listed on Coinmarketcap and has launched a sister coin SafeEarth on the Ethereum blockchain. Its first NFT Tweet auction is already live on the OpenSea NFT market. The SafeEarth project is currently working on finalizing its 50 ETH donation to the TheOceanCleanup.cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/safeeartheth/status/1377496589858709504&image=https%3A//abs.twimg.com/errors/logo46x38.png
A fundraising event for the WhiteBit exchange listing has been completed and is to be listed in the next couple of days, and the CERTIK renowned crypto audit firm has been engaged in auditing the codes. At the time of this review, the holders level has surpassed 39k. This and other project updates are contained in this Medium released post.
Symbol – SAFEMARS
Total Supply – 1, 000, 000, 000, 000, 000
Black Hole Burn – 535, 140, 000, 000, 000
Team Wallet – 60, 000, 000, 000, 000
Presale Supply – 404, 860, 000, 000, 000
Smart Contract – 0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88
Black Hole Address: 0x000000000000000000000000000000000000dead
Source : bsc.news
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