Why I believe SAFEGALAXY might have a lot of potential
What is SafeGalaxy?
Safegalaxy is a deflationary, static yield farming, automatic liquidity generating token on the Binance Smart Chain.
- Deflationary means that every transaction done using the token either buying/selling/sending a percentage will be gone forever. This meaning the total supply of tokens will decrease overtime.
- Static yield farming means that you can farm more tokens by just holding your tokens in your wallet. A percentage of each transcation done using the token either buying/selling/sending will be redistributed amongst all the holders. Important to notice, the burn and developers wallet don't get these rewards.
- Automatic liquidity generating means that a percentage of each transaction will be going back into the liquidity pool in pancakeswap.
When did the project start?
The project started in March and has since it's start gained over 25.000 holders. Since it's launch SafeGalaxy has been a legal corporation in Canada, many other tokens which are much larger don't have this kind of recognition.
Where is it listed?
SafeGalaxy has only been listed on 3 exchanges so far, these are; PancakeSwap, CoinTiger and SWFT. But they're in the negotiations with other exchanges aswell.
They have not yet been listed on CoinMarketCap but should be anytime soon. Same goes for CoinGecko. They have applied for these sites in their earlier states but were denied because of the early stages the project still was in.
Why I see the potential
The reason that I believe that SafeGalaxy might have a lot of potentiol is because of how transparant they are. They share everything and anything they do with their community and if their community raises concerns about something. They can quickly refute and explain. They do Ask me Anything sessions regularly in which you can ask the developers anything you want.
The developers are working on a "secret" project which will also include SafeGalaxy is some way or shape. Aswell as them working on future functionalities and usabilities of the token.
As mentioned earlier they have not yet been listed on any of the big crypto price checking/tracking websites. This to me shows the potential if they DO get listed, according to one of the developers this should happen fairly soon, within a week from this post.
Price action
The current chart of SafeGalaxy is looking really promising, after it's headstart when it launched it went up 500%. After these insane gains it ofourse took a dive down to correct itself, we've now seen a reversal point from the downtrend and I believe we're going to smash the previous ATH within a month.
Curious to this project and want to become a holder?
Check safegalaxy their website, safegalaxy.net
They are on the pancakeswap exchange though you won't find them unless you use the contract address posted on their website. Or check out my previous post there I explain how to buy SafeGalaxy using PancakeSwap.
!!!NOTE!!! This is not financial advise and is purely my opinion and thoughts!!!