Safe Energy

Safe Energy (EnergyX) is a community-driven token from Safe Energy's platform. Safe Energy is an attempt to use cryptocurrency to empower the thoughts of using green and sustainable energy. The platform endeavors to support projects that raise awareness of renewable energy resources.

According to its whitepaper, the platform aims to bring together like-minded individuals to minimize climate change and its effects. Drawing inspiration from charities such as Greenpeace, the platform seeks to organize deflation by employing special techniques.

Safe Energy plans charity events to reduce the carbon footprint. EnergyX, the token offering from the platform, is a deflationary token. A deflationary token undergoes a steady decrease in value to employ an energy-efficient token, EnergyX, by minting the token on BSC. With an aim to give user benefits, Safe Energy distributes the token holders a percentage from each transaction. The platform seeks to remove 2.5 percent of each transaction from circulation as a deflationary method.

Additionally, from the 10 percent tax on transactions, the platform plans to use 5 percent for the unique burning mechanism, and distribute 5 percent to the token holders as static rewards. Token burning is a method of removing the tokens from circulation to regulate their values.

With static rewards, EnergyX acts as a reflection token. A reflection token distributes a percentage of the transaction value to the token holders.

Safe Energy aspires to use the platform and EnergyX to develop a strong community of supporters to influence renewable energy resources.

The launch of the platform and its vision was in the year 2021. The team of Safe Energy consists of Matt Gibbs, the COO, Christopher Leete, the COP, and Sebastian Skiba, the COC.