SafeMoon has introduced the updated version of its SWaP feature, allowing the community to leverage the feature for a better experience. The set of what has been defined as exciting updates includes enabling the community to bridge their token and trade widely within the ecosystem.
Are you ready to cross new bridges together #SAFEMOONFAMILY? 🌉
Welcome to the newly updated #SAFEMOONSWAP featuring many EXCITING updates (some of which, you may have already experienced):
🟦 Access the… pic.twitter.com/kfzVS8RwF4
— SafeMoon (@safemoon) May 23, 2023
More specifically, traders can bridge their SafeMoon and trade on Ethereum, BSC, and Polygon. Needless to say, the trading list for SafeMoon is dynamic and more tokens can be integrated in the days to come. For now, the limit is on the said three tokens.
The updated bridge can be accessed from the SFM transaction history and SWaP interface, which is exclusively available on wallet applications. Making it better is the development that grants the trading of all the tokens to modify their tokenomics.
Bringing to the table is a brand new interface of the decentralized exchange. This is perfectly complemented by the Swap & Evolve feature that only buys SafeMoon to be paired with liquidity. SafeMoon SWaP will serve as a key destination for TMI integration. The feature is already live and active at SafeMoon SWaP.
SafeMoon SWaP will continue to function without the TMI integration. It will support all the transactions pertaining to SafeMoon that are executed using another decentralized exchange. Notably, its tokenomics has been lowered from 10% to 1%.
The updates announced by SafeMoon have been well received by the community. They have called it a massive update and job well done, with SafeMoon responding with a thank you note.
Crypto economics, SafeMoon tokenomics, in this matter, is heavily dependent on the activities of the network. Prices of a token are influenced by the nature of the community’s acceptance, standing true to the principle of decentralization. SafeMoon is currently trading at $0.000238. Assuming it keeps up with the pace of its recent development, the SafeMoon forecast is indeed positive, with the token touching the mark of $0.0082 by the end of this decade, which is 2030. The value for SafeMoon has already jumped 31.72% in comparison to the previous year.
The recent announcement by SafeMoon follows the clarification where it highlighted that all the changes to the SafeMoon Token contracts would be done automatically without the community being required to take any action from their side. The same will be implemented by the SafeMoon team with no other intervention.
Furthermore, the clarification also highlighted that there are no migrations or activations necessary from the side of the community. There may be some malicious actors attempting to hamper the growth with a false claim; however, it is pretty clear that everything will be taken care of by the SafeMoon team.
Updates to SafeMoon are a part of its mission to evolve the tokenomics of the ecosystem. It earlier improved the fee structure to deliver enhanced utility, functionality, and scalability to its ecosystem. This is precisely where the fee was lowered from 10% to 1%.