Market Data
About SAFEMOON
SafeMoon (SFM) is a decentralized finance (DeFi) asset and auto-liquidity generating protocol that originally launched on the BNB Chain in 2021 before migrating its primary token contract to the Solana ecosystem. The protocol is known for its reflection mechanism, which applies a tax on transactions to redistribute a portion of the fees to existing holders and provide automatic liquidity. This model is designed to incentivize long-term holding and reduce supply through burns. While it gained significant popularity within the meme coin community, the project has faced substantial regulatory scrutiny and structural criticism.
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