Currently there are a lot of defi released, probably more than 20% of the coins on the market today are coins from the defi project. But it seems defi's popularity doesn't seem to be fading. Because there will always be a new defi project released every month. As an investor, I began to fear this hype, because it would open up opportunities for scammers because of its popularity. That's why we have to be more selective in choosing Defi, don't be easily influenced just because of a high APR. Be a smart investor because this will reduce the risk of loss that you will experience. Seeing all that, I would like to recommend a defi project that I have been observing for the past few days, that project is called safemooncash. I see this project is quite good and worth the investment.
What is safemooncash?
Safemooncash is a community-driven Defi project built on top of the binance smart chain network. Maybe you've heard this name. That's right, safemooncash is the same project as safemoon, but far superior. They have things the safemoon project doesn't have, and all of that will benefit investors. Safemooncash was released in April, one month later than Safemoon which was released in March. There is no direct relationship between these two projects, only the name is similar.
One of the advantages of this project is automated liquidity. Where liquidity will be automatically added to keep the token price stable.
Tokenomics Safemooncash
4% TRANSACTION TAX : Every Safemoon Cash transaction incurs a 4% tax for the benefit of all
2% DISTRIBUTED TO HOLDERS : 2% of all transactions (buys, sells and transfers) are distributed to all holders. You increase your Safemoon Cash balance just by holding.
OWNERSHIP RENOUNCED : The contract is renounced and Safemoon Cash is a project owned by the community. The liquidity was also burned on launch, so there is no rug to pull
2% AUTOMATICALLY TO LIQUIDITY : 2% of each transaction is sent to the (automated) liquidity pool to create a steadily rising price floor, meaning improved stability.
On the other hand, safemooncash has passed the audit conducted by two different institutions, namely RD Auditors and Tachrate. Even so, the development team seems to want to maintain their anonymity, but that's okay because the community is still in control of the service.
Back to a few months when safemooncash was first released. I saw this project released anonymously on the Binance Smart Chain blockchain network and managed to grow to a market cap of over 1 million USD. They are slowly but surely adding exchanges and currently, many exchanges support this coin. This makes them stronger. Sooner or later safemooncash will grow to become one of the great powers and become a very popular Defi platform. Even so, they do not stop there, they are still ambitious to update their platform and develop it for the better.
You can discuss this project without any problem with language.
Judging from safemooncash this seems to pay attention to small details that other developers sometimes overlook. Discussion groups are created for each different country, this helps investors to know about the project without language difficulties.
Conclusion
Safemooncash is an ambitious defi project. I think this project is worth investing in because it is supported by various exchanges and has sufficient liquidity, so I will have no problem selling tokens when needed. If you are interested in this project and want to know more details about safemooncash, you can visit one of the links below.
INFORMATION:
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/
AUTHOR
Forum Username: minstan
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2602172
BEP-20 Wallet Address: 0x72F8ba82B094025CF179995cEf5eC2CF6537F59e