BNB Chain Ecosystem
About SafeMoon [OLD]
SafeMoon [OLD] is a decentralized finance (DeFi) project that was launched in March 2021.
It is a deflationary token built on the Binance Smart Chain (BSC) blockchain. The project’s goal is to create a decentralized economy that rewards long-term holders of the token. The SafeMoon [OLD] token works by having a 10% transaction fee applied to all trades.
5% of this fee is redistributed to existing holders of the token, while the other 5% is burned, reducing the total supply of tokens and increasing its scarcity. This encourages people to hold onto their tokens for longer periods of time, as they will benefit from the redistribution and burning of tokens. The project also has an auto-liquidity feature, which allows users to add liquidity to Uniswap and earn rewards in SafeMoon [OLD].
This helps increase liquidity for the token and encourages more people to trade it on exchanges. Finally, SafeMoon [OLD] has a referral program that rewards users for referring new users to the platform. When someone uses your referral link to purchase SafeMoon [OLD], you will receive a percentage of their purchase as a reward.
This helps spread awareness about the project and encourages more people to join it.