Hey there, SafeMoon Family!
Welcome to another Captain's Log.
Today I am writing to share with you the exciting news that our team has successfully deployed another fantastic new innovative product to our SafeMoon SWaP. This is also known as our decentralized exchange or DEX.
SafeMoon has taken another step in the development of a more meaningful ecosystem for cryptocurrency and DeFi technology by releasing the SafeMoon Token Monetization Innovation (TMI), a superior user experience powered by innovative token economics.
What does this really mean if we break it down?
For our users, for whom we work hard:
Fairness: Currently, end users never get the full amount of the token swapped. This result is because the swap fees are charged from the liquidity pool resulting in less output. With TMI, the full swapped token amount is converted, minus any tax, which achieves the best result for the user.
Transparency: Currently, swap fees are hidden in the process; the user gets quoted in the swapped token and has to do mental calculations to understand how much this actually is. TMI is very different. It shows the user exactly how much they will be charged in the chain native token. No games, just blockchain.
For our partners, on the journey with us:
Optimized fees: Lowers overall fee cost by reducing the number of transactions on the blockchain required for paired swaps, thus eliminating a portion of gas fees.
Better token economics: Stemming from the point above, swapping the fees results in the unnecessary liquidation of the project token. TMI avoids that situation by charging in the chain native token. Furthermore, if the token protocol uses the fees as a burn mechanism, the collected native token will be swapped into the project token before burning them.
I am also happy to share that we issued a press release on this new innovation which you can now read in full on Yahoo Finance.
As SafeMoon works to raise the bar for this industry sector, this patent-pending technology is an example of a paradigm shift in industry maturity.
With this release, the decentralized exchange landscape gains upfront and automated fee appropriations, providing new levels of transparency and transaction predictability.
Myself and the team will be sharing more about this and our other innovations in further videos and content as we continue to build out the SafeMoon ecosystem.
Thank you as always for your support and the excitement with which you show up in the community.
We do this for us all and I am excited to share more details of the journey as we progress.