Safemoon Cash is a platform which is driven by the community and is rug-proof. This means its users can easily participate in the platform to earn profits. Ownership renounced means that the possession of Safemoon Cash belongs to the members. The members control the activities carried out there. This way, partiality can be avoided, and decentralization is better explained. The platform belongs to the BSC network which even makes it better. Safemoon Cash hopes to do more than what Bitcoin Cash did in relation to Bitcoin. Bitcoin Cash reached an ATH of 0.25 Bitcoin, and Safemoon Cash plans to go higher than that. However, this is not their only goal. They hope that in the future, they can be regarded as a part of the top 25 cryptocurrencies existing.
Safemoon Cash was created by some users in the BSC ecosystem on April 2021 after they saw that Safemoon attained a market capitalisation of 4 billion dollars which happens to be a good achievement for the project. Because of the transaction tax present, it was the early birds of Safemoon that benefitted the most. Meanwhile, Safemoon Cash rewards their members through passive earning. Once a user stakes Safemoon Cash in a pool, they indirectly increase it's capital which in turn allows for liquidity. The platform strongly believes in their tokenomics and their fact that they have renounced ownership. With the constant support of their community, the galaxy is their limit. Everybody is accepted on the Safemoon Cash to experience the great adventure its ecosystem has to offer.
SMC's Tokenomics
The fact that Tesla no longer accepting payment with Bitcoin, it affects Safemoon Cash positively. This has also negatively affected Ethereum, and this is the right time for the Safemoon Cash to shine. Safemoon Cash is a BEP-20 token that makes use of low gas and transaction fees for their operation unlike ERC-20 tokens. Another problem normally faced with ERC-20 tokens is that they end up remaining in the user's wallet due to the absence of transaction fees. ERC-20 tokens normally do well with investments(large) and not transactions due to the high gas fees of Ethereum network.
The distribution of the tokenomics of Safemoon Cash was created in a way to give back to the community.
Every transaction made in Safemoon Cash has a 4% tax added to it. This will be to the benefits of the members.
2% of all the transactions made on the platform is given back to the holders of SMC. This means holders earn when they simply hold the SMC token.
2% of every transaction goes to Safemoon Cash's liquidity pool to make the price floor stable enough.
Conclusion
Safemoon Cash is a unique and transparent platform trying their best to look out for their members. Their community is the one that controls the activities carried out on their platform. This is the reason they have a renounced ownership. They have different goals to reach, and one of them is to arrive at 25%of Safemoon market cap.
Road Map
#SAFEMOONCASH #SAFEMOON #BinanceSmartChain $SMC #Crypto #Cryptocurrency
For more information on SafemoonCash :
WEBSITE: https://safemooncash.org/#
WHITEPAPER: https://drive.google.com/file/d/1YZyTJteAVpaHna13UU2sZBJkIBB4K702/view
TWITTER: https://twitter.com/safemooncash
LINKEDIN: https://www.linkedin.com/company/safemoon-cash/
TELEGRAM: https://t.me/safemooncash
YOUTUBE: https://www.youtube.com/channel/UC15-d8hPAs30OxAUX9VRdng
REDDIT: https://www.reddit.com/r/SAFEMOONCASHCommunity/
PUBLISHERS DETAILS :
Bitcointalk Username : Balili
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2659344
BEP-20 WALLET ADDRESS : 0x7752137343F6E5e4e40f28D7BA28Cd0cCa334dCB