INTRODUCING SAFESTONKS

SafeStonks
2 min readApr 8, 2021

SafeStonks: An Outline

A 4% charge is immediately applied to all transactions by the SafeStonks smart contract on both buys & sells. This fee is paid in order to allocate 2% (half of the fee) to SafeStonks token holders without them having to farm or stake their tokens! The advantage of this feature is that the tokens in your wallet stay safe. As a SafeStonks holder, you will note that the number of tokens in your wallet continues to grow indefinitely as more people transact with SafeStonks. The contract’s aforementioned feature makes it easier to reward strong holders by rewarding them with distributed SafeStonks tokens.

Additionally, the smart contract feature adds the remaining 2% of the 4% charge to SafeStonks’s liquidity pool. This feature allows SafeStonks’s liquidity to expand over time.

SafeStonks strives to create a secure environment for its investors, one in which: There is no need to farm, stake, or deposit. As long as they keep SafeStonks, they can earn indefinitely.

Summary

SafeStonks is an autonomous yield and liquidity generation protocol with the aim of rewarding its holders automatically and directly while simultaneously increasing liquidity. SafeStonks’s feature is secured by a smart contract, which is financed by a 4% transaction fee.

Finally, the protocol has an ever-increasing price floor, with all investors receiving additional SafeStonks tokens simply for holding, regardless of the price at which they bought into SafeStonks. SafeStonks tokens worth 2% are distributed proportionally to existing holders.

To raise the price floor, 2% of the tax is converted into BNB/SafeStonks LP.

The great thing about SafeStonks

SafeStonks belongs to a class of tokens that rewards investors simply for holding. The amount of rewards earned increases over time as an investor holds for longer periods of time.

Holders are also compensated for SafeStonks’s increased transaction volumes, which leads to higher trading fees and hence higher distribution incentives on a regular basis. We believe that this mechanism of SafeStonks provides its investors with an active stake in the company’s performance, with all investors benefiting proportionally to their investment stake.

--

--

SafeStonks

Autonomous yield and liquidity generation protocol on the Binance Smart Chain