Cryptocurrency is a new innovation that creates a form of digital asset designed as a medium of exchange where records of individual coin holdings are stored in a distributed ledger that exists in the form of a computerized Public Database using strong cryptography which secures transaction records by storing them on a Public Network. as well as controlling the creation of additional coins, Cryptocurrency also allows anyone to verify the transfer of ownership of coins via public networks, Unlike Fiat issued by a central authority Crypto uses Blockchain Technology as its basis and introduces a new concept that is more transparent, The sector affected is Banking which introduces a Decentralized system that gives access to everyone to be able to control their assets in full without the need to go through a centralized intermediary, Blockchain also introduces a DeFi or Decentralized Finance system in Imana is a complex financial system that is implemented through a public network based on Blockchain. Safehaven is one of the projects that uses the Community-Based DeFi Concept where this system allows everyone to access decentralized banking services.
What is DeFi?
DeFi or Decentranlized Finance is a new concept that offers a decentralized financial system that implements various traditional banking services with Blockchain Technology. This system creates a new, more complex financial Ecosystem that can be accessed by everyone without the need for a centralized intermediary such as a bank. DeFi enables Peer-To-Peer transaction processing which ensures transparency with viewable Data on public networks. Every transaction data will be stored in a distributed database which eliminates monopoly or manipulation. Everyone can access DeFi only by using the internet and their devices without having to go through complicated steps such as opening a checking account or other things, Creating a new economic system that is more innovative and transparent.
What is Safehaven?
Safehaven is a Community-Driven Ecosystem that offers access to various traditional banking services implemented with Blockchain Technology. They offer a unique new concept in their DeFi Ecosystem where users can easily access various DeFi services especially the Staking system, Safehaven will be run on the Binance Smart chain network which allows the implementation of Smart-Contracts that facilitate various transaction processes automatically at lower costs. and faster time, Creating a new financial system that is more innovative and revolutionary. Users can access Safehaven’s DeFi services via web browsers and dApps such as metamask or trust wallets. The dashboard they designed also makes it easier for users to access various features.
Safehaven Decentralized Finance system implements a system that is fully run by the community where everyone can contribute to the development of the platform. Their team will issue native currency which will be used in their ecosystem as the main transaction tool with an integrated tax system for every transaction process that occurs on the public network. . Their Smart Contract also implements various advanced functions such as Reflection, Burn, Liquidity which allows three different functions to occur in one transaction. Another thing is that they offer native currency to early investors through the ILO method on the Unicrypt Protocol so as to ensure rug-resistant liquidity and guarantee the security of user funds and the value of the Safehaven protocol itself.
Community-Driven DeFi Protocol
The Safehaven team designed a protocol that prioritizes all community members regardless of their status, their Smart Contract implements an Antibot system where if a transaction that sells more than 0.5% will be charged a fee of 2BNB which will be sent directly to the BNB Pool, They also keep the volume healthy by doing punishment for wallets that trade until the balance is 0 where they cannot claim rewards from the BNB Pool, another thing is the Buyback program which ensures the value of tokens is maintained with a tax of 10% which is implemented in the BNB Pool reward that is more than 0.5 BNB when processing claim. Their Smart Contract has also gone through an Audit process by RDLabs which ensures the safety of its users.
What is Safehaven Native Currency?
The Safehaven team will issue a Native Currency called Haven and this is a form of currency that is tokenized via Blockchain Technology on the Binance Smart Chain Network (BEP-20) which allows the implementation of Smart Contracts that make various transaction processes Automatically at low costs and faster time. Haven Token is designed for the community with an Sophisticated Algorithm implementation on the Smart Contract that limits the movement of Whales, Bots and Traders with various unique features that I have described above. Haven Token implements a 16% tax for each transaction and the proceeds of this tax will be sent to BNB Pool, Liquidity Pool and reflection given to each Haven Holder. Users get various benefits such as Early Access and Passive Income when they have Haven Token on their wallet, the value will also be maintained with concept above and this will increase demand.
DeFi Market Size
The Cryptocurrency market is currently one of the largest in the Global market and one of its branches, namely DeFi, has also become one of the hype markets in the last few months. Along with the spread of various institutions starting to implement Blockchain Technology in their ecosystem and everyone is also starting to realize the power of technology. Blockchain and through DeFi which introduces an innovative, transparent complex banking system. The DeFi Market itself is already over $10 Billion in size and the value continues to double this year, becoming one of the best performing markets in the current crisis. Safehaven introduces a DeFi system that is fully run by the community where various features are implemented to maintain the value of the protocol and simultaneously provide loyalty to its holders with their tax system, Safehaven is one of the potential DeFi protocols by creating an innovative new financial system.
Roadmap
Conclusion
Decentralized Finance introduces a new, more transparent financial system that eliminates the complicated role of centralized intermediaries and becomes one of the best innovations in the Blockchain market that has a huge impact with the potential to replace the current traditional financial system, with a large market size and increasing number of users, but unfortunately various DeFi Protocols out there are vulnerable to various crimes like pulling carpets and other things, Safehaven offers a secure advanced DeFi system for all its users with advanced Algorithm implementation on audited Smart Contracts and community self managed liquidity. Haven’s value will also be maintained through a release protocol that locks liquidity on the burn address, this provides maximum transparency and is carpet resistant over the Unicrypt Network. Safehaven also offers secure tokens with a 16% fee applied from every transaction on the public network which is partially distributed to its holders, ensuring that demand will continue to grow over time and the community gets bigger and stronger.
Information Official Resources:
Website: https://www.safehaven.finance/
Telegram: https://t.me/SafeHavendefi
Twitter: https://twitter.com/SafeHavenDeFi
Reddit: https://www.reddit.com/r/SafeHavenDefi/
Author:
User Name : minstan
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2602172
BSC Wallet : 0x72F8ba82B094025CF179995cEf5eC2CF6537F59e