How Safemoon’s Swap & Evolve revolutionizes LP Generation
by: Gideon 6ix
The Safemoon team has recently released their newest product, Swap & Evolve (S&E). This revolutionary product increases the project’s Liquidity Pool (LP) without sacrificing price. Even the most ardent Safemoon (SFM) detractors are changing their perceptions of this token and its community. Here is why Swap & Evolve is changing the crypto space.
Replacing Swap & Liquify (S&L)
Safemoon has always had a protocol called Swap & Liquify. This protocol collected a small percentage from the 10% tax levied when buying and selling SFM. This fee was collected and stored until it hit 500M (SFM V2).
At the trigger point (500M SFM), the contract function split the 500M Safemoon, turning 250M Safemoon into BNB, and then paired them to add to the LP. The biggest issue of S&L was that the sale of the SFM would always result in a drop in price, hurting the token.
Swap & Evolve into the Future
Two features replace the negative aspects of S&L to produce a positive outcome. The first feature is “collectBNB.” Whenever 323,323.32 SFM is collected from the tax, that SFM is swapped for BNB. BNB is stored until the set trigger value (132.32 BNB) of swap and evolve is reached.
Once the trigger value is reached, the swapAndEvolve function will be manually triggered. 66.16 BNB worth of SafeMoon is purchased at market value. That SFM is paired with the remaining 66.16 BNB and then placed into the liquidity pool.
Swap & Evolve does several things. First and foremost, it continuously generates increases in LP. It also helps prevent major dips when whales start selling. Another feature is that it contributes to the overall burn total by purchasing shares on the open market. Purchasing SFM on the open market also produces a positive impact on price.
Swap & Evolve is a huge improvement over Swap &Liquify and will have a great positive impact on the future of this token. I have not yet seen any solid arguments against S&E. There is an excellent tracker made available by on his site SafemoonGlubiz to see for yourselves.
Safemoon is currently trading at $0.00073652 USD on $1.475M USD, representing a 54.7% increase over the past 30 Days! The old guard (BTC) is down 16% over the same period. Products like S&E prove that the Safemoon team has matured and is on a path to greatness. A more fudded project may have never existed, but SFM is keeping its focus on helping the hodlers reach the moon.
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All the best,
Gideon 6ix
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Sources:
https://safemoon.com/
https://www.safemoon.education/post/swap-and-evolve
https://www.coingecko.com/en/coins/safemoon
https://safemoonglubiz.com/
