Safe Star (SAFESTAR) aims to be an income and liquidity-generating smart contract protocol. The project aims to build merchandise, integrate NFTs, develop partnerships, and much more. The currency intends to create more utility within the token ecosystem by combining and using several DeFi instruments. Besides this, the network has also created a fair and reliable lottery system that seeks to benefit the holders, participants, and charities. The lottery uses an unspecified number from the future to decide the lucky jackpot winners.
Safe Star is a forked version of SafeMoon (SAFEMOON). SafeMoon protocol is a community-centric DeFi token that seeks to work on the following primary functions such as reflection, LP acquisition, token burn, and growth fund. Coin burning permanently removes a coin from circulation by sending it to an unusable wallet. In addition, this platform created $SAFESTAR to seek to offer passive income for holding the token in the DeFi space. Additionally, the $SAFESTAR token is referred to as a deflationary currency. A deflationary currency refers to those cryptocurrencies that decrease in total supply after every transaction. Therefore, the platform burns a percentage of the transferred amount with each purchase and trade.
With the help of Safe Star, token holders can aim to receive high returns and benefits of up to 80% annual percentage yield. The annual percentage yield (APY) refers to the actual rate of return earned by the user for holding an asset. In addition, this platform charges a 10% transaction fee on each trading and immediately splits the amount into two parts. The currency distributes 5% of the charges to holders as rewards and auto locks the remaining amount in Pancake Liquidity Pool. A liquidity pool (LP) is a pot of crypto assets locked in a smart contract. Holders can use LPs for trading, loans, and other applications. Additionally, Safe Star aims to provide the holders with several benefits and rewards for holding the SAFESTAR token in their wallets.
