Safemoon Cash: A 100% community-driven protocol with an anti “rug pull” system
Safemoon Cash creators relinquished ownership to give users control
Safemoon Cash is a community driven project, rug pull proof , thanks to its relinquishment of ownership, and it will bring rivalry to Safemoon, with only positive vibes.
The platform is 100% community driven. There is no development or marketing fund. So, when necessary, the community comes together to raise funds.
Safemoon Cash has an incredibly dedicated community, bringing a multitude of skills to the table, with over 226,000 hodlers since its launch in just six weeks.
The core team consists of tech enthusiasts, graphic designers, software geeks, and marketers who are passionate about cryptocurrencies.
However, it is a totally trust-based project that has been successfully audited twice, once by Techrate and once by RD Auditors.
Following in Safemoon’s footsteps, but getting better along the way
As with Bitcoin Cash, which reached an all-time high of 0.25 Bitcoin, Safemoon Cash’s first goal is to reach 25% of Safemoon’s maximum market capitalization.
In fact, the platform community is fully committed and determined to make this happen.
They take it so seriously thanks to their tokenomy, which is superior to Safemoon’s, as is their community.
For starters, Safemoon Cash was quietly launched by members of the Binance Smart Chain (BSC) community in late April 2021, after Safemoon reached a market capitalization of more than four billion dollars.
With its high transaction tax, it is the first Safemoon holders who benefit the most.
In contrast, Safemoon Cash offers holders passive rewards using static reflections.
By staking Safemoon Cash in a pool, you get your own capital, ensuring liquidity. This makes its tokenomy superior to that of its predecessor, plus:
- Each Safemoon Cash transaction incurs a 4% tax for the benefit of all.
- 2% is distributed to all holders.
- 2% of each transaction is locked into the Safemoon Cash 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.
Liquidity was burned when the token was launched, to relinquish ownership at its finest and this is fully verifiable with the hash of the transaction.
For the second quarter of this 2021, Safemoon Cash will introduce the Safemoon Cash Governance (SMCG) and the Safemoon Cash Governance interface.
Thus, SMCG holders can help shape the future of Safemoon Cash by influencing decisions related to the project, such as proposing or deciding on new feature proposals (i.e. MOONMAP, hiring and staffing, charities, changes in governance parameters).
And, as it was thought from the beginning, Safemoon Cash is 100% community driven and with SMCG, the community will stay in charge.
In addition, a yield culture protocol will be launched. An SMCG farm that will use SAFEMOONCASH, with which the native token of the platform will be blocked, thus reducing the selling pressure and increasing liquidity.
Similarly, the website interface will have the LP group to easily add to the BNB / SAFEMOONCASH pair.
In the third quarter, the usefulness of the Safemoon Cash ecosystem will be further increased by introducing an AMM contract for easy trading on the website.
That is why the number of developers on the team has been increased to work specifically on MOONMAP updates.
However, MOONMAP is not static and the project is open to all suggestions regarding development and strategy to help increase the Safemoon Cash ecosystem.
Rewards campaign for social networks
Safemoon Cash launched a reward program where they are giving away $ 30,000 in SAFEMOONCASH, to those who perform tasks on popular social networks.
If you want to participate in the Bounty, you must join the Bounty and Safemoon Cash groups on Telegram.
The participating social networks are Twitter, Discord, Reddit, Instagram, YouTube, TikTok, Github and Medium.
Depending on each network, the participants must fulfill certain tasks that, among other things, require the completion of two posts per week showing support for Safemoon Cash.
The SAFEMOONCASH token is traded on four exchanges: XT, Probit, Bibox and HotBit; Furthermore, the BEP-20 token is available for DEX exchanges such as PancakeSwap and Bogged Finance.
Do you want more information? Visit their website.
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.
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