Whitepaper

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Safebitcoin whitepaper

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TABLE OF CONTENT
 

1.0 Introduction

1.1 The Cryptocurrencies environment

2.0 SafeBitcoin Overview

3.0 Why SafeBitcoin is different

4.0 Who can use SafeBitcoin?

5.0 Liquidity pool

6.0 Token Economics

7.0 Price

8.0 SafeBitcoin Protocol

9.0 Roadmap

10.0 Safety

11.0 History and the way forward

12.0 Conclusion

 
1.0 Introduction

Cryptocurrencies have taken the world and its financial ecosystem by storm. Call it the revolution of the 21st century if you wish; that is exactly what it is. This new technology, generated by Satoshi Nakamoto’s idea, has many facets such as smart contracts, blockchains, peer-to-peer, mining, trading, and more. It has become the game-changer in the world of financial transactions.

 
1.1 The Cryptocurrencies environment

Cryptos are used for transactions such as buying and selling goods and services, as store of value, as ecosystem tokens and many other purposes. This is made possible with the use of an online ledger with strong cryptography. The use of cryptography makes it difficult to double-spend or counterfeit. One defining feature is that it is not regulated by any central authority, making it a tax-free operation system. Cryptocurrencies wor by using Blockchain technology spread across various computers.
  The blockchain is a digital record for transactions made with cryptocurrencies. It uses E-wallet where these transactions are stored. The transactions are well secure and managed and to be a part of this network, platforms such as exchanges and peer-to-peer transactions are available. There are over 6,700 cryptocurrencies traded globally. The rising giant player in the cryptocurrency market is the decentralized crypto exchange system. It allows new coins to get listed for free, invariably allowing users new investment opportunities, friction-less and almost gas-free. DEX exchanges are fast, reliable, and easy to use. Another perk is that they come with amazing liquidity benefits, including users’ rewarding for helping the platform thrive. In this environment, SafeBTC is coming to the market combining the best benefits for institutional and retail investors. With the skyrocketing adoption of blockchain, delving into trending opportunities is a smart move for any investor.  

2.0 SafeBitcoin Overview

The air is already saturated with excitement and its community is growing fast. We welcome you to the world of SafeBTC, a combination of profitable yield-generating DeFi and safe store-of-value Bitcoin. There is no doubt that both “worlds” have offered disrupting possibilities. Their impact cannot be emphasized well enough as they have given the cryptocurrency ecosystem a reason to live and thrive and as of today, surpass the 2T market cap globally. It is a pleasure to introduce this life-changing-opportunity token. The aim is to be at the forefront of wealth generation and a better and fairer economic standard of living. SafeBTC is a deflationary token allowing passive income generation. The first juicy feature is a “penalty” applied to transactions. This penalty increases the liquidity, reduces the supply and rewards token holders. Here’s how it works; 4% on each transaction is split instantly among token holders and the liquidity pool, reducing supply. This arrangement eradicates the worries of gas fee friction when farming tokens. SafeBTC community is all about rewards and wealth creation. The system has a distribution on every transaction completed, with 2% locked in liquidity and burned forever and another 2% is redistributed to token holders as reward.



 3.0 Why SafeBitcoin is different

SafeBTC makes use of a decentralized exchange (DEX). A quick explanation of this is that third-party entities responsible for the security and transfer of assets are not part of the chain. By the third party, we refer to the government of countries, central banks, and other financial systems. Power is completely dispersed from such entities and placed in the hands of the users. As a decentralized financial entity, its operations are run by a network of users making it very secure. The transactions are confirmed and recorded on the Blockchain and not by third parties. The vertical and horizontal scaling of the software application creates a system that allows for authentication, database, and accounts recording. Due to this, there is an elimination of user fees, fraud, and theft. SafeBTC runs on the Binance Smart Chain and is currently listed on BSC dex exchange: PancakeSwap.

 
4.0 Who can use SafeBitcoin?

Any interested participant can be a part of the SafeBtc network and community. SafeBTC has no institutional or investors ownership. Original developer and creator renounced to his ownership and SafeBTC is now a fully community-owned token. This is enabling SafeBTC to build a global brand of a safe, trusted, fair, border-less and friction-less, gas-free cryptocurrency combining Store-of-Value and passive income. SafeBTC has been fully audited and declared safe.

 
5.0 Liquidity pool

The use of a Liquidity Pool allows SafeBTC to be traded with limited slippage. The LP is large enough to allow users to do transactions as they please.  

6.0 Token Economics

Having constant “burns” is a way of keeping the community rewarded and increasing the value of the token as a consequence of the constantly shrinking supply. At launch, 50% of the total supply was instantly burned. 23.7% was allocated for a minimal presale that sold our instantly and another 23.7% was plowed into liquidity while the remaining 2.5% was secured for marketing, operations and future developments.
 
7.0 Price

SafeBitcoin price fluctuates following the standard supply and demand basics of finance and economics. Its shrinking supply is allowing for higher price floors. On our website you can see a live tracker of its price, circulating supply, burned supply. If you are a token holder, you will notice your holdings steadily increasing.  

8.0 SafeBitcoin Protocol

SafeBTC, as a protocol, has a mission to ensure that transactions are easy, secure, fast and cost-less. There is a guarantee of protection from wallet theft, viruses, and Trojans and its code has been fully audited.  

9.0 Roadmap

The SafebBTC community and ecosystem aims at building a long-term, engaged, trusted and thriving play in the cryptocurrency world. Numerous developments have begun and SafeBTC intends to introduce constant updates as the community goes. The full roadmap is visible on our website and it’s constantly updated. SafeBtc is a community of upward-moving members geared towards excellence and maximum productivity. You can be a part of SafeBTC by joining its channels such as Twitter, Telegram and Medium.  

10.0 Safety

Safety and protection of token holders is the number 1 priority for the SafeBTC community and development team and necessary security measures are in place to ensure this is achieved. Some of which are: – Ownership renounced
– First Audit completed with top results
– Second Audit in progress These mechanisms are suitable as a way of giving users the needed assurance to invest in the network. More features are currently being developed for the efficacy of the platform.  

11.0 History and the way forward

SafeBTC was established in March 2021, with its 50% of supply burned and ownership renounced. It listed on PancakeSwap shortly after and marketing started right away. Communities have grown to tens of thousands and there is no end in sight. Next developments include live charts, a dex pad, a multi-platform wallet, prices aggregator, merchandise, NFT launches and more.  

12.0 Conclusion

Past history have taught key players in the cryptocurrency industry to enter promising blockchains and tokens in their inception. All of the Top-100 by Market Cap cryptocurrencies started with market caps below the 1M threshold. To this day, we have hundreds of cryptocurrencies with market caps in the $1B and up range. Through them, wealth have been generated and transferred. Bitcoin has been the pioneer and is today considered equal to Gold as store of value. It started with a price of literally $0 when there wasn’t even a financial entity in place to trade it on, to the current value of $60,000 per Bitcoin. Investing in SafeBTC should not be a thought to ponder on. The current price allows everyone to venture into this network. Multiple estimates from notorious financial institutions have agreed that the Crypto market will keep rising (with its ups and downs as it is natural to be) to unpredictable peaks. There is no better way to secure the future with a long-term investment in SafeBTC and its passive.  

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