We live in the era of Defi or Decentralized Finance. Since the emergence and popularity of cryptocurrency, we always see new technology coming from that field. The latest technology to emerge here is decentralized finance technology or Defi tech. Following the successful implementation of Uniswap, pancake, and others, now is the right time to introduce a newly emerging Defi token in the growing crypto field.
That’s right; it’s time to look at the Safemoon Defi protocol. At 0.00006 dollars, market experts expect the token to reach ATH in the shortest time possible. Aside from predictions, let us learn more about Safemoon and learn how to develop a Safemoon clone script and generate profits.
The Importance of Safemoon
Compared to other tokens, Safemoon is created with a different purpose in mind. The token facilitates three functions during any trade- LP acquisition, reflection, and burn. Safemoon is a community-driven token protocol having more than two million holders since its launch. S
The speciality around this token is why startups and entrepreneurs are excited at the prospect of a Whitelabel Safemoon clone. They, too, want to create a token similar to Safemoon and earn profits in the long run.
What Makes Safemoon Unique from Other Tokens?
- Safemoon is a community-based token with properties similar to a pyramid token
- The token price increases after every transaction. This increase is due to the token being manually burned to manage the prices
- Safemoon is burned under three conditions- liquidity protocol acquisition, manual burning, static rewards or reflection.
- The token admin can start a manual burn and inform the Safemoon community
- Every burn and its details become available on the site, ensuring complete transparency
- Liquidity protocol acquisition or LPA
Safemoon Clone Script
The Safemoon clone script is a token software loaded with all the essential features and functions of the Safemoon token without mudding the copyrights issue. The three basic elements can facilitate other features and security options the owner might add or remove based on their business requirement.
Many companies are providing Defi token development, emphasizing creating highly secure white-label Safemoon clone software. The software boasts excellent features like minting and burning options. The best part about these white label solutions is that they are affordable, fully customizable, and reliable.
Now we will learn everything there is to know about Safemoon, the token’s working process, its features and the benefits it provides to users.
Safemoon is a Defi-backed altcoin released in March 2021. The Safemoon infrastructure encourages users to hold it and stake it while discourages selling. The token does this by charging 10% fees for users who sell their token and distributes 5% of the costs to the remaining Safemoon token owners. Experts expect the token to reach higher prices, and that is the reasoning behind the name Safemoon.
- The Safemoon token has a coin market cap ranking of 206.
- The Safemoon token has a market price value of 0.0003056 dollars and has a market cap value of 1.78 billion dollars.
- The Safemoon token has 2,103,745 holders at present.
Benefits of a Safemoon clone script
A good Safemoon clone provides intelligent contracts and various integrated features, making effective product solutions for a business. These features include:
Percentage based returns– This feature has plenty of potential to attract numerous holders and traders to the clone software.
High ROI and APY– The token can provide a significant return on investment and effective yearly percentage yield.
Rewards– As seen in the earlier paragraph, 5% of trading fees gets redistributed to the Safemoon owners. This step helps to encourage users to hold the token and potentially earn greater profits.
Burnable and mintable tokenization– Only the Safemoon clone can boast limitless customization potential.
Compatible to market fluctuations– A good Safemoon token is highly compatible with token holders and stakers. Also, the token is consistent with market changes, providing huge rewards and returns.
How a Safemoon clone works for you
It is a decentralized finance generation process whereby the user earns rewards for trading. For every transaction, the RFI takes a percentage of the fee and redistributes the costs among the remaining token holders.
Auto liquidity pool
This feature is a yield generation process meant to reward the user. The process works based on the pooled tokens added to the crypto liquidity pool.
Minting and burning tokens
The Safemoon clone lets you manually create and burn tokens as per your business requirements. You can decide how many tokens remain in circulation and how many to remove at any given point.
Users can participate in events like condition-based trading, volume-based trading, etc. and earn rewards. This feature helps increase the potential for mass adoption.
Safemoon registration for users
Users can create their accounts and access the account management services provided by the clone script and the app.
The user can integrate their multi-cryptocurrency wallet into the software. This process will make transactions efficient and quick.
Users can deposit funds on a secure AMM wallet address. These users can later withdraw the funds from third party sites like coinbase.
Offers and rewards
Users can earn rewards or get benefits for staking and pooling their tokens in the exchange platform.
Where to get a Safemoon clone script?
Presently, numerous companies provide decentralized finance solutions for various business verticals. It is essential to research each Company before approaching any of them. Also, consider factors like development time, team size, and location when choosing a company as these factors can influence the total costs.
While some companies provide these solutions, there is only one that stands out from the rest. That is Infinite Block Tech.
Infinite Block Tech specializes in brainstorming new and innovative ideas of creating top-class blockchain concepts and converting them into applicable business scenarios. This approach to blockchain development enables the company to showcase their skill set, potent and make a lasting impact on the blockchain industry.
The developers in this company are expert analysts, capable of helping businesses and entrepreneurs alike. They can craft stunning new blockchain and bitcoin-related concepts like crypto protocols. New crypto protocols can help existing businesses fix any security vulnerabilities in their existing blockchain network. Contact them today and they can help you learn more about the potentials of blockchain technology.