How to build a DeFi token like SafeMoon?

The emergence of cryptocurrency is currently dominating the digital marketing sector. Almost every primary industry has moved its focus to the cryptocurrency space. Cryptocurrencies have established themselves as a significant source of revenue for investors and critical financial institutions.

Bitcoin, Ethereum, Litecoin, Dogecoin, and other cryptocurrencies are currently the most popular. As the cryptocurrency field has grown in popularity, so has the need for DeFi token development. Several companies have created their crypto tokens; SafeMoon is a newcomer to the crypto industry, having been founded in March 2021. Although this new crypto token is relatively new to the market, it has quickly grown in popularity.

SafeMoon-style token generation is gaining momentum in the real world, driving investors insane as the value of these digital currencies sees a massive boom. When we compare it with other crypto tokens on the market, the DeFi token like SafeMoon has captured the interest of consumers in a much shorter period. SafeMoon-type coins are long-lived on the blockchain and do not rely on third parties like banks or exchanges. It uses a peer-to-peer (P2P) network to allow users worldwide to perform transactions swiftly and securely.

What is SafeMoon, exactly?

SafeMoon is a decentralized finance (DeFi) coin with solid demand and value in the crypto market. Its most notable features include reflection, LP acquisition, and burning. DeFi token, like SafeMoon, is based on the Binance Smart Chain infrastructure and functions similar to reflected finance tokenomics. It’s a blockchain platform that blends RFI tokenomics with a liquidity-generating mechanism. The introduction of the SafeMoon token counters the need for a central authority, like banks or governments, to offer users uninterrupted, secure, and high-speed processing.

SafeMoon Protocol

The SafeMoon Protocol is a community-driven DeFi token that prioritizes reflection, LP acquisition, and burn in each trade, with a 5% fee divided 50/50 between the contract, selling half of the fee into BNB and the other half into SafeMoon tokens that are paired with BNB and added as liquidity.

The SafeMoon token-based DeFi platform has certain appealing features, such as:

What are the benefits of SafeMoon Token Creation?

• SafeMoon’s Unique Mechanisms

The SafeMoon token is distinguished from other crypto tokens by its essential functionalities, including RFI static rewards, automated liquidity provisions, and automatic token burning.

• The pool of Automated Liquidity (ALP)

Due to the two-base operations protocol, funds are generated from both sellers and buyers, and these funds are put into the liquidity pool to provide a firm price floor. As a result of the resistive mechanism acting as a penalty, the volume produced on this platform remains secure. When users decide to sell their tokens, this method prevents more significant price declines and boosts the token liquidity pool.

• Burns that are done manually

To enhance token utilization, manual burns are implemented in the system. So that investors can get a competitive advantage in the long run, the flow supply can be determined at any time.

• Mechanism of Static Rewards and Reflection

The static reward is an essential mechanism in the SafeMoon token structure. It solves various problems in the system since the tips are entirely based on the token’s trading volume, and the reflecting mechanism allows holders to earn more significant payouts.

To summarise, DeFi token development is the game-changer for the next generation of entrepreneurs interested in learning more about the benefits of blockchain technology for their business. DeFi investments, like the SafeMoon token, have a high long-term value and reward investors with significant profits.

If you are planning to build a DeFi token like SafeMoon, Antier Solutions can help. As an experienced blockchain development company, we offer complete solutions – from token conceptualization and development to launch and marketing – to help you successfully launch your token.

Schedule Free Demo of one of our token development projects or connect with our subject matter experts to share your needs to develop a DeFi token like Safemoon.