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Blockchain technology is being developed by a human-focused technology and innovation company for a better future. SafeMoon is innovating for good because of its strong ties to and support from its award-winning community (The SafeMoon Army). Building blockchain, commerce, metaverse, and NFT products to use cryptocurrency technology more effectively and create new types of value.
The SafeMoon website states that SafeMoon is a decentralized finance (DeFi) token with the following four functions: Reflection, LP Acquisition, Token Burn, and Growth Fund.
In order to advance new innovations for the greater good, SafeMoon is now focusing on the second part of its mission: expanding and channeling its technology and using a Venture Philanthropy model to spread those innovations throughout the world.
As more tokens are acquired through the SafeMoon Protocol, token holders will earn more SAFEMOON. SafeMoon Protocol is a deflationary digital currency that will appreciate in value over time as a result of its coin-burning strategy.
On top of the already-available Decentralized Exchange and Mobile App, SafeMooon Protocol will soon add a Centralized Exchange and NFT marketplace. Due to its increasing popularity, the SafeMoon protocol has an ambitious roadmap and plans to release a number of products by the end of 2022.
In December 2021, SafeMoon V1 was upgraded to SafeMoon V2, with the same initial supply being consolidated at a 1:1000 ratio.