What Is SafeWolf (SW)?
According to the whitepaper, SafeWolf is a vital community-driven project made on Binance Smart Chain (BSC). The two main functions that happen during each trade are reflection & burn. SafeWolf aims to introduce revolutionary means to the BSC ecosystem.
Yield farming, liquidity mining, and staking have become highly popular, with participants gaining by basically "locking" the tokens for a period. Yield farming is a way of acquiring yield on a cryptocurrency, similar to how a user would earn yield on any capital in the savings account.
When a user is farming/staking, the underlying token's price shifts significantly, even though the user still gets rewards. In that case, the value is relatively less than when the user holds the tokens. Moreover, the two main things the token strives to achieve are:
The user doesn't have to stake, farm, or deposit the SafeWolf token.
Users just need to hold $SW in the wallet to achieve more.
$SW is an entirely decentralized nonprofitable utility native token, aiming to let purchasers hold millions of $SW tokens. The value is defined by a community with a smart purchasing and trading mechanism. The procedure is that the more tokens the holders have, the more worth the owners make.
The transaction is estimated at an 8% fee in each deal, divided into two ways for the token. To add more value and worth for Fan of $SW holders, 4% of each transaction is handled and redistributed to all the $SW holders. SafeWolf also aims to develop a new dump prevention mechanism to seek to ensure the token's price rises. Moreover, SafeWolf considers that trust is a vital part of every project. Thus, the idea is to keep everything as transparent as possible to improve trust holders.
History of SafeWolf (SW)
The maximum total supply for SafeWolf is 100,000,000,000,000,000.