TeslaSafe (TESLASAFE) is an auto deflationary cryptocurrency. TeslaSafe operates on BSC or the Binance Smart Chain. A deflationary cryptocurrency regulates the value by reducing the supply in the market. The platform uses the auto-deflationary model to increase the token value through different methods.

According to its lite paper, the platform plans to employ strategies such as token burning to achieve auto-deflationary goals. Token burning is removing the tokens from the market to regulate the price. The platform seeks to use techniques such as:

The aim is to use automatic LPs and token burning to create a token supply crunch. The platform also seeks to lock the LPs multiple times in a day to cause hyper deflation.

Hyper deflation is a steep rise in deflation. TeslaSafe also seeks to create a Dapp to support the infrastructure model of the platform. The platform also aims to use rewards to holders of TESLASAFE to ensure the correct working of the deflationary model.

As a part of the deflationary strategy, TESLASAFE aims to collect 14 percent tax on transactions and distribute 7 percent as rewards to the users. The aim is to use the rest of the 7 percent from the transaction tax in the liquidity pool. The objective is to distribute rewards to the token holders proportionally.

TeslaSafe aims to use the Binance Smart chain to make the network fast and energy-efficient. TeslaSafe aims to execute renewable ideas for transactions of cryptocurrencies in the long run.

TeslaSafe focuses on anonymity to run the decentralized network. According to its website, the team comprises eight members in two groups- Team Alpha and Team Omega. The members come from various backgrounds, such as full-stack engineers, marketing, designers, software experts, etc. The roadmap specifies the date of protocol launch as of April 2021 and NFT development as of November 2021. The total supply of TESLASAFE is at one quadrillion.