What are SafeMoon Tokenomics?
SafeMoon’s tokenomics, which are activated upon purchase (10%) are divided as follows:
- Local Reflections4% is Redistributed to all existing holders on Mandala.
- LP Acquisition3% is added to liquidity.
- Token Burn2% of tokens are burned.
- Growth Fund1% is added to the SafeMoon Ecosystem Growth Fund.
What are local reflections?
Every buy or sell of SafeMoon on Mandala is charged a 10% tax. Of that 10%, 4% is distributed or ‘reflected’ proportionally to SafeMoon holders on Mandala.
What is LP Acquisition?
This is the part of the reflections where Safemoon adds 3% of each transaction to help support and build their liquidity on the platform being traded on.
What is the SafeMoon tax?
The SafeMoon ‘tax’ is the 10% fee added on top of every buy and sell of SafeMoon. That 10% is dispersed accordingly to SafeMoon’s tokenomics as outlined above.
How does the SafeMoon tax interact with Mandala trading fees?
Traders will be taxed the standard 10% SafeMoon tax as well as a Mandala trading fee, depending what $MDX locking tier you are in (Base trading fee is 0.1%, traders can receive up to 35% off trading fees by locking Mandala native token, $MDX).
What will the SFM withdrawal fee be?
To follow.
What pairing is SFM on Mandala?
SFM/USDT.
Will wallets hold the actual v2 tokens?
To follow.
Will people somehow know if they were among the first 1000 to deposit?
We will make an announcement once all 1000 bonus deposit slots have been filled, and we will then post a list of the bonus recipients.
Do people holding on Mandala get reflections from people trading on SFM Swap and other DEXes?
No. Users holding SafeMoon on Mandala will initially only receive local reflections. Once global reflections is launched, user’s holding SafeMoon on Mandala will then receive reflections from people trading SFM on other platforms.
Are reflections on Mandala in real time?
No, Mandala will take a snapshot of all SFM holders on the 1st & 15th of every month at 0:00 AM UTC . SFM holders will be sent their reflections within 72-96 hours after the snapshot is taken.
Where can we see true Mandala volume?
The new website will display this until CMC sorts out our API. Our discord bot also has an available query. You can also see daily volume within Mandala Exchange.
Where can we see SafeMoon volume on Mandala?
CMC will display this within about a week. Our discord bot also has an available query. You can also see daily volume within Mandala Exchange.
Do Mandala transactions effect all volume / visa-versa?
Mandala SFM volume will contribute to global SFM volume.
What about the LP and growth fund? Since Mandala are taking the 10% tax, what happens to those percentages that doesn’t make it outside the exchange?
This will be part of the periodic reflections.
Unable to view your SFM (SAFEMOON) balance?
Since trading hasn’t started yet, SFM has no value on our platform currently. To see your balance, follow these three simple steps.
Step 1: Click on the wallet tab
Step 2: Click on balances inside the wallet tab
Step 3: Uncheck the “Hide Small Assets” box, and you should see your SFM (SAFEMOON)
