SafeBlast

SafeBlast is a multichain token based on BEP20 and ERC20 blockchain. The asset is both a utility and deflationary token. The utility function of the asset allows the native token of the asset called BLAST to be used for online, retail store purchases, and vending machines. At the same time, the deflationary functionality of the token makes SafeBlast an autonomous yield and liquidity generation protocol.

The asset uses the following three ways to understand the functions:

SafeBlast charges a 10% fee on every transaction made by the user, which is divided into two parts—rewards and liquidity. The 5% transaction fee is distributed to all wallets with BLAST on percentage criteria. The more the BLAST in the wallet, the more will be the reward. In addition, there is a second component called LP Generation, known also as Liquidity. This portion receives a 5% transaction fee, deposited back into the PancakeSwap liquidity pool, and locked.

The LP generation function helps to keep the market liquid. Therefore, it acts as an excellent risk-reduction tool. Additionally, it maintains a balanced liquidity pool, which maintains the balanced price.

On every transaction, SafeBLAST's deflationary mechanism automatically reduces the circulating supply. When token demand rises, supply falls, resulting in a rise in the floor price.

SafeBLAST works on a renounced smart contract, which implies that it cannot tamper. Along with this, no more BLAST tokens will be minted. After each transaction, Liquidity is automatically locked.

Abe is the CEO of SafeBlast, and Shyam Thakur is the smart contract developer of the project. The total supply of the token Blast is 1 quadrillion. As of 2021, 81% of the supply had been burned.