According to the whitepaper, Safemoney is a yield and liquidity-producing protocol by SafeMoney Bank Digital. Liquidity is the ability to understand how quickly an asset can be traded at a reasonable price within a particular market. Besides this, it is a community-driven platform and offers its users the opportunity to control their token at any time they want.
The platform aims at helping its flagship organizations like Safemoney token, Safemoney swap, Safemoney exchange, Safemoney pay platform, and Safemoney wallet. It is mainly because the platform intends to make traditional currency services to crypto services more seamless for the community across the world and assist in the adoption of the Tron network. Tron is a digital platform based on blockchain technology that mainly holds entertainment applications. Also, the structure of the Tron network is similar to the Ethereum platform and employs identical basic building blocks like smart contracts, decentralized applications (DApps), and tokens. Safemoney is nicknamed the safe moon of Tron.
The static reward is one of the features of the platform, the amount of which is conditional depending on the total number of tokens being traded. Moreover, Safemoney digital intends to execute a burn strategy, rewarding and beneficial for those associated with the platform for the long term. The burning process in the crypto space refers to the effective removal of tokens out of the available supply, which reduces the number in circulation. Additionally, Safemoney is a peer-to-peer marketplace where users can exchange traditional currency or cryptocurrency with other users.
The native token of the Safemoney platform is SAFEMONEY. Token holders can get passive rewards as their balance of Safemoney increases indefinitely.