SafeMoon has made another advancement to create a more useful environment for cryptocurrencies and distributed financial (DeFi) technologies. To address a growing problem with non-flat-fee tokens that launch on numerous decentralized exchanges, it today unveiled the SafeMoon ‘‘Tokenomics Supervisor.’’
The Problem
The current paradigm makes it difficult for DeFi exchanges to process tokens that have variable fees for buy, sell, and transfer transactions (“non-flat-fee”). This might lead to inaccurate fees when the tokens are registered on more than one exchange.
Resolution for a Safe Moon
The SafeMoon Tokenomics Supervisor, a patent-pending technology that functions in two parts, was developed by SafeMoon in collaboration with AI and blockchain specialist Dr. Adel ElMessiry to address this issue on its decentralized exchange (also known as the SafeMoon SwaP).
- Token Registration – The system records what is lacking from the fee criteria for buy/sell transactions as Partner Tokens register with the SafeMoon SWaP and notes that they should be regulated.
- Token SWaP – Even in the situation of multi-hop transactions and when various token kinds are involved, the Supervisor controls the corrections while checking and loading up the charges contrary to the registration requirements.
The SafeMoon Tokenomics Supervisor is an example of the support that may upgrade older tokens to current tokenomics rules on the fly, to benefit their fluid and accurate movement, as the company tries to elevate the bar for this industry area.
Do all non-flat-fee coins support the Tokenomics Supervisor?
The router mechanism in the SafeMoon Decentralized Exchange collects and delivers any fees that are due for any already-issued tokens that are unable to utilize a proxy contract or can’t be modified after being released onto the Binance smart chain and sends them onto the token contract owner’s designated wallet, allowing them to be distributed according to their declared values.
What does this mean?
The SafeMoon Tokenomics Supervisor changes the decentralized exchange landscape to free up further admittance for token partner listings; fundamentally intensifying the availability of web 3 for added participants by making token inclusions more accessible to token liquidity providers, unlocking additional community potential to team up with meaningful projects.
About SafeMoon
A human-focused and privately held technology firm headquartered in Utah with a secondary presence in the U.K. The leading innovative blockchain tech company serves 2.5 million+ holders. It thrives on its mission to enhance economic freedom around the world.
The growing team is built on trust, high performance, and a passion for evolving technologies and is compensated for their strength across highly competitive pay and benefits, an exceptional team focussed culture, and a great and high-powered work environment.
Its long-term goal is the expansion of its Defi products and services into a network that makes the blockchain’s power accessible to a much broader community and incorporates the power of a passionate community to support and foster new sustainable technologies.
Innovating for good
Building blockchain, metaverse, commerce, and NFT products to originate new kinds of value from crypto technology and to apply it to progressively enhanced usage.
The SafeMoon Protocol V2 is a community focussed DeFi token that forms part of the expanding SafeMoon network.
Four simple functions appear during each trade:
- Reflections: 4% is Redistributed to all existing owners
- LP acquisitions: 3% is added to liquidity
- Token burn: 2% of tokens are burned
- Growth Fund: 1% is added to the SafeMoon Network Growth Fund