SafeMoon launched the SafeMoon Tokenomics Supervisor to address a growing issue with non-flat-fee tokens deployed on numerous decentralized exchanges. To create a more productive cryptocurrency and decentralized financial technology (DeFi) ecosystem, SafeMoon has taken this step forward.
Tokens that have various fees for buy, sell, and transfer transactions (“non flat-fee”) make it difficult for DeFi exchanges to estimate fees correctly when the tokens are registered on multiple DeFi exchanges, which poses a challenge to the current framework.
To resolve it, the SafeMoon Tokenomics Supervisor, a patent pending technology that works in two steps, was developed by SafeMoon in partnership with AI and blockchain specialist Dr. Adel ElMessiry as part of SafeMoon’s decentralized exchange (known as the SafeMoon SWaP).
The two steps involved:
- Token Registration: The system records what is missing in the fee rules for buy/sell transactions when Partner tokens register with the SafeMoon SWaP and indicates that they should be supervised.
- Token Swap: Even in multi-hop transaction situations and when different types of tokens are involved, the Supervisor checks for corrections as tokens are swapped, also checking the fees and against the registration requirements.
To benefit their fluid and accurate movement, the SafeMoon Tokenomics Supervisor is an illustration of support that can upgrade older tokens to newer tokenomics regulations on the glide.
The SafeMoon Tokenomics Supervisor is changing the decentralized exchange landscape to open up more access to token participants, essentially increasing the number of Web3 participants by increasing the accessibility of token inclusions for token liquidity providers and freeing up more community potential to collaborate on valuable projects.
The router system in SafeMoon Decentralized Exchange collects and sends the missing fees and sends them to the designated wallet of the token contract owner so that the tokens can be distributed according to their declared values for any already issued tokens that cannot use a proxy contract or that can’t be updated after being released on Binance’s smart chain.
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