The crypto’s founders says that anyone who sells a SafeMoon token will be subject to a 10% sales tax. The idea behind the SafeMoon token is that it is a crypto designed to encourage people to hold onto their tokens. Let’s take a look and see what we can find out about SFM, and consider some of the SafeMoon price predictions that were being made as of 11 October 2022.
It’s a crypto token that has attracted both fans and controversy, but what is SafeMoon (SFM)? If the price of SafeMoon were to stay exactly the same at the time of your initial $1k investment (NFA, but seems highly unlikely), you would have made $96 off of reflections alone.Can SFM lift off in the foreseeable future? – Photo: Hendrik Heemskerk/Shutterstock If you were to sell, after the 10% fee for selling your tokens, you would be left with approximately $3656.33. In total, your balance would show as $4,062 off of your initial $1k investment. Assuming that the price and value of SafeMoon are equal to $0.00001 (natural growth based on burns and trading volumes), you will have earned, roughly, 106-million tokens. Each day there's going to be 2.5 million dollars worth of reflections with that daily trading volume. Let’s go ahead and speculate just a little for the sake of understanding reflections: let's say over the next year from your initial $1k investment there is a consistent 50 million daily trading volume that's consistent across the board. The liquidity pool also serves the function of acting as a bank of sorts: it stores your money away, essentially backing the value of SafeMoon, and assures you that you will be able to sell your SafeMoon should you choose to do so.Īn investment of $1k at $0.000003 would have given you 300-Million+ tokens added to your wallet simply in reflections for holding as of May 27th! This isn’t to say the value and price cannot drop, because it can, but these dumps take much less of a toll on SafeMoon than it would any other token that does not employ Tokenomics. However, we need not fear, for the dev team is here! The liquidity pool combats this dump by providing a safety net in the value of SafeMoon. When a large holder of SafeMoon tries to sell their tokens, the price would usually dump since there is a large and sudden increase in the supply of SafeMoon. The development and marketing side of things is pretty self-explanatory, but what is the liquidity pool? The liquidity pool is meant to stabilize the value of SafeMoon.
2.5% goes into further SafeMoon development and marketing, and 2.5% goes into a liquidity pool. The other 5% besides that which is reflected back to the holders is split 50/50. As of the 27th of May, the burn wallet was taking about 2.08% from the reflections (another term used for redistributions). A part of that redistribution even goes to the burn wallet, which is simply a wallet that takes tokens out of the total supply of SafeMoon forever to (you guessed it) increase scarcity which in turn drives up the price. This is for a good cause and reason, so keep paying attention! That $100 fee from the earlier example is then split down the middle with 5% ($50 in this scenario) being redistributed to all holders of SafeMoon based on how many tokens they hold (this makes it fair so that someone with more faith and backing of SafeMoon is rewarded more than someone who just threw $1 for the heck of it). If you were to buy $1k of SafeMoon, you would only receive $900 worth of the token in your wallet.
What that means in simple terms is that every time there is a buy or sell of SafeMoon tokens, a 10% fee is applied to those transactions. 5% fee = redistributed to all existing holdersĥ% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the SAFEMOON tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.”
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