SafeETH is a deflationary autonomous yield and liquidly generation protocol. SafeETH generates yield by applying a tax of 4% on every buy/sell transaction while splitting that fee instantly among token holders and the liquidity pool. The protocol rewards its token holders by splitting 2% of each transaction proportionally across existing holders. This means the number of tokens in the holders' wallet will increase indefinitely when people buy and sell, as long as tokens are held. In addition, 2% goes automatically to the liquidity pool.
The purpose of SafeETH is to provide a SAFE store of value and a way to earn yield from holding tokens without having to stake or farm. This revolutionary idea could possibly do away with the need to stake or farm coins by locking up token value where it is not easily accessed and/or having to deal with impermanent loss (something most stakers and LP providers understand too well!). SafeETH provides the upside of staking and farming without the hassles.
We also believe that this mechanism provides investors with a golden opportunity and incentive to help SafeETH grow. Due to the fact that higher transaction volume leads to increased fees and rewards for holders. In this way, SafeETHs success is the investors' success, as it should be.SafeETH was fair launched with no large portions of the project being held by devs. This helped to create a wide coin spread across holders with no major whales to dump large quantities of coins and hurt the value. Additionally, SafeETH's ownership was renounced, meaning the contract owner is a dead address and the liquidity is locked. The source code is a smart contract, and it cannot be changed by anyone, not even the original devs. This contract was audited and found clean of any backdoors or ways to alter the code. SafeETH is public domain. It belongs to everyone. What all this means is that SafeETH belongs to its HODLers completely. No one can take individual action to remove value from SafeETH or sabotage the coin in any way.
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