What Is SafeMars (SAFEMARS)?

SafeMars (SAFEMARS) is the liquidity protocol and independently yielding asset for holders. The independent yielding can be briefed on whether the holder's stake in the SafeMars liquidity increases as much as they hold the coin. SafeMars aims to free the traders from the cut-throat staking, mining, and yield farming processes. Yield farming is the practice of staking or lending crypto assets to generate high returns or returns in the form of additional cryptocurrency. However, SafeMars follows a unique protocol by which people aim to get rewarded with additional SafeMars coins by just holding the asset instead of performing complex, time-consuming methods or risky trading. SafeMars also seeks to benefit holders by waiving off the gas fees of miners.

For locking the holders' liquidity, more than half of the supply of SafeMars is already sent to the black hole address, decreasing the circulation in the circuit. According to the SafeMars whitepaper, the additional burns of SafeMars coins are performed regularly as the black hole address is also a holder and gets rewarded for holding coins, restricting excessive growth in circulation and making the coin forever a liquidity locker. Cryptocurrency burning is the process by which users can remove tokens (also known as coins) from circulation, which reduces the number of coins in use. Liquidity lockers allow a developer to store LP tokens in a smart contract, revoking his permission to move those LPs from the start date to the end date.

SafeMars aims to ensure users' and traders’ value and seeks to ensure guaranteed safety for the traders’ funds via deflationary tokenomics. Thus, seeking to conclude that SAFEMARS is 100% safe including no single holder able to mint fresh tokens, terminate protocol-generated liquidity, or abandon presale allotments on the market.

History Of SafeMars

The founder of SafeMars was 'The Martian.' The token was launched on March 13, 2021. Furthermore, the chief executive officer of SafeMars is Kenneth Churchill, the chief operating officer is Jesus, and the chief technology officer is Eduard. Besides this, the team includes DemonSeated as chief marketing officer and Rob as project manager.

The whitepaper and initial listings of SafeMars were done following the launch in Q1, 2021.