Understanding SafeMoon.
What is SafeMoon? 'Safemoon' is a form of cryptocurrency where it rewards consumers that hold onto Safemoon tokens while discouraging those that sell. Specifically, sellers will suffer a 10% fee after selling. As a result, Safemoon owners or holders benefit from 5% of that fee going to their pockets. From the White Paper Goals of Safemoon SafeMoon aims to prevent the high APY( Annual Percentage Yield) farming trap through the mass adoption of static rewards. "With the explosion of DeFi we have seen too many new cryptocurrency prospectors get sucked into a high APY LP-farming trap, feeling hopeless as they are pushed out by earlier buyers with higher staking rewards... almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price." So why have SafeMoon adopted static rewards? First, the alleviation of downward selling pressure on the SafeMoon token 'caus...