SafeGalaxySAFEGALAXY
$0.00000000896
Market/Exchange
SAFEGALAXY Price Prediction and Price Movement
SAFEGALAXY has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that SAFEGALAXY's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if SAFEGALAXY is backed by a solid development team and whether SAFEGALAXY's technology has any potential to grow.
Please note that this analysis is purely base on SAFEGALAXY's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
SafeGalaxy Price Chart
About SafeGalaxy
SafeGalaxy is a deflationary, static yield farming, automatic liquidity generating token on the Binance Smart Chain. This means that the supply of SafeGalaxy will shrink over time, you can farm more tokens simply by holding SafeGalaxy in your wallet, and there will always be a liquid market for SafeGalaxy.
SafeGalaxy works by taking a 10% fee on every transaction. That fee is broken up into 2 parts. Reflection - 50% of the fee (5% of the transaction) is distributed to every wallet that holds SafeGalaxy on a percentage basis. The more SafeGalaxy you hold the more you will receive! LP Generation - 25% of the fee (2.5% of the transaction) collected in SafeGalaxy is sold into BNB. That BNB is married up with the remaining 25% of SafeGalaxy and deposited back into the PancakeSwap liquidity pool. These two functions work together to reward holders and punish whales.
Wait! Won’t the sell order from the LP generation create downward pressure on the price? Mathematically yes it does, realistically however that pressure is minimal. It takes a large amount of volume to push the price in one direction or another. If you consider the fact that the sell order being placed is only 2.5% of the overall transaction, quickly will you understand that the small sell order is negligible relative to the overall volume. Furthermore the LP generation function acts as a fantastic risk mitigation tool as it helps to keep the market liquid, the liquidity pool balanced, and therefore the price stable.