Safespace is a decentralized cryptocurrency platform where members are allowed to seek to earn passive rewards by trading in the crypto project. Safespace is an autonomous yield and liquidity generation protocol that seeks to offer rewards to holders by generating liquidity and value on the platform. The platform aims to devise a decentralized arbitration structure to resolve conflicts. The application aims to run on any operating system, have an intuitive user interface, and execute trading protocols.
Due to the peer-to-peer network functionality, users remain anonymous and exchange tokens via cross-chain atomic swaps. The project seeks to establish a strong network of industry partners with a vision to build a crypto community based on trust, faith, and hope. The protocol seeks to offer auto-distributes rewards to the holders, thereby locking liquidity forever on each transaction. The platform claims that Safespace is 100% community driven. All the token holders can voice their opinion on future protocol implementations. The mission of the ecosystem is to promote the cryptocurrency community by creating avenues for small traders to become big in the long run using static rewards.
There aims to be security of users' funds and data as the project works with a peer-to-peer network, and hence, there seeks to be no risk of data manipulation. Besides this, data is encrypted end to end, which seeks to ensure privacy. The protocol aims to conduct a fair launch of DeFi tokens. During each trade, three simple functions seek to occur: reflection, liquidity pool acquisition, and cryptocurrency burning. Reflection means redistribution of charges collected on crypto trades among the token holders. This aims to encourage more traders and seeks to ensure that the value of all holders on the project grows. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. That means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.
Users can use a secured crypto wallet to store the tokens and carry out transactions. These crypto wallets use authenticator, password encryption, and mobile confirmation as security procedures to seek to safeguard trader funds. The token aims to serve a utility function in terms of passive rewards distribution and exchange, payments, and transfers of tokens. The token also functions as a governing token for token holders to voice their opinion on future protocol implementation by a voting system.
