Introducing SafeGem — a frictionless high-yield and hyper-deflationary token with a grand vision!
Introduction
SafeGem launched 3 days ago. The project aims to differentiate itself from other meme coins, with a team that is incredibly serious in going further, by showing key values like professionalism, transparency, dedication to the community, and delivering on their promises. The project’s vision is to conceive a brand-new use case in using the unique benefits the blockchain can offer by creating an exclusive platform that will authenticate precious stones by providing digital certification for gems.
The team is composed of professionals with heavy experience in software development, marketing, and operations, that believe that the power of a token is always proportional to the importance and utility of the project, the dedication of the team, and the support of the community. SafeGem strives to focus on all points with its well-prepared team.
The Uniqueness of the Contract. What Makes us Stand out?
Foundation
The purpose of a Binance Smart Chain contract is to provide a baseline for a new token on the market. Our contract is built around a standard structure that implements simple and thoroughly tested functions which are elementary for the functionality of a contract and which are part of any smart contract. We believe in customizations and improvements, but we also don’t want to mess up something that’s working well. Thus, it is always better to keep the skeleton of a contract as standard and straightforward as you can. On this skeleton, we built our SafeGem contract, around which, we have implemented from scratch unique security features to keep our holders protected, which is rarely seen in the crypto space.
Tokenomics
Besides our focus on the safety of our investors, the team found it important to also reward long-term holders, by implementing functions that offer incredible incentives. One of them is the 6% reflection, which is the highest passive income currently seen in the crypto space that facilitates gaining tokens without doing anything just by holding them. The other incentive is the 5% continuous burn, which makes SafeGem hyper-deflationary, making our total supply decrease continuously while maximizing transaction value. Besides this burning function, quickly after the pre-sale ended, the team sent 53% of the SafeGem tokens in a black hole/dead wallet, reducing circulation considerably. The dead wallet is a wallet to which no one has access, but from the contract’s perspective, that wallet is also a holder and keeps receiving yield as any other wallet, making it even more prominent by every transaction, therefore making the coin stronger and more valuable.
Dump-Proof
Another exciting feature implemented by the SafeGem team is the maximum allowed transaction variable, which is 0.1% of the total supply of the tokens. This will protect the holders against the possibility of any rug or whale attack. This revolutionary feature makes the token more powerful and incredibly safe.
Multi-Signature Wallet
The team’s developers are currently working on our very own customized multi-signature wallet where the marketing budget will be moved. This multi-signature wallet will act as a protective barrier and any access and usage of those tokens will require multiple team members to sign off on. How does this work in practice? Here is a practical example: let’s say we create one multi-signature wallet with 10 owners. At the creation of the wallet, a number of signatures needs to be provided, that will be necessary for this wallet before making any transaction. Let’s assume we will set this number to 7. This means that, for any transaction to be executed from this wallet, at least 7 of the 10 owners needs to agree and sign, and only then any transaction will be able to be executed. This will provide extra security to the funds and a democratic way to decide where the funds would go.
Digital Certification of Precious Stones
In SafeGem’s roadmap, the team aims to implement an NFT contract, which will be used to identify a specific precious stone and assign a unique and specific token with all authenticating information that will contain the specifics of such gem and its creator/founder. This will then serve as a digital authentication certificate, which can never be lost, copied, altered, or modified, and there will be no need to be deposited in a safe because it can never be lost. The blockchain is the one safe place where one can know, once something is there, it cannot be taken it back. The team strongly believes that the use of the blockchain and NFTs suits perfectly the SafeGem project.
This digital certification service will be implemented on a dedicated section on our website, and each partner/customer will have their accounts with which they will create their NFTs for their gems and provide them to the new owner once they sold them. This is called an NFT launchpad and $GEMS will become the launchpad’s utility token.
The Mobile Application
The SafeGem team is extremely dedicated and eager to leave a legacy and make their mark in the crypto space. Besides their main product mentioned above, we are determined to create a mobile application that will have two main functionalities. It will serve as a digital wallet, but the other functionality makes this app stand out of the crowd by creating a Crypto Education section, where users can educate themselves on how to safely trade in the crypto world. Among many other aspects, they will learn how to correctly examine potential investments, how to identify rug-proof projects, and how to find so-called “gem” projects with true potential and vision.
Why the name?
All crypto investors are in the continuous search of the true gem. Something that offers great returns, while creating something meaningful as well. We truly believe that the blockchain offers countless undiscovered ways to exploit its functionalities. Such new technology combined with an experienced and dedicated team with a vision is the ultimate recipe for a GEM.
Residents of the crypto space are well aware, that this world is literally the wild west, and one needs to be extremely careful where they invest their valuable funds. The SafeGem team strives to offer the SAFETY of a promising project by implementing never-seen-before safety measures in its smart contract.
