SFM is the native token of SafeMoon, a community-focused DeFi token launched in 2021. The SafeMoon protocol combines RFI tokenomics and an auto-liquidity generating protocol, and has three functions that occur during each trade: Reflection, LP Acquisition, and Burn. The protocol offers token holders up to 80% APY depending on the number of coins held and has a coin-burning strategy, making it a deflationary digital currency. SafeMoon plans to develop an NFT exchange, charity projects, and crypto educational apps as part of its expanding ecosystem.
