# Safemars (SAFEMARS)

**Current Price:** $0.000000006124 (📉 -3.28% 24h)

**Price in BTC:** 0 BTC

**Rank:** #2494

---

## Market Statistics

| Metric | Value |
|--------|-------|
| Market Cap | $2.3M |
| Fully Diluted | $2.3M |
| Volume (24h) | $23.9 |
| Vol/Mkt Cap | 0% |
| Total Supply | 383,336,206,950,550 |
| Circulating Supply | 383,336,206,950,550 |

---

## Price Changes

| Period | Change |
|--------|--------|
| 1 Hour | +0.34% |
| 24 Hours | -3.28% |
| 7 Days | -1.26% |

---

## Contract Addresses

- **Binance Smart Chain:** `0x3ad9594151886ce8538c1ff615efa2385a8c3a88`

---

## Website

- [safemarscrypto.com](<https://www.safemarscrypto.com/>)

---

## Explorers

- [bscscan.com](<https://bscscan.com/token/0x3ad9594151886ce8538c1ff615efa2385a8c3a88>)
- [binplorer.com](<https://binplorer.com/address/0x3ad9594151886ce8538c1ff615efa2385a8c3a88>)

---

## Categories

- [BNB Chain Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb6/>)

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## Community

- [Telegram](<https://t.me/safemars>)

---

## About Safemars

<p>Safemars is a self\-directed liquidity and yield generation protocol\. Safemars rewards its users for holding onto their crypto, which helps in creating demand in the market\.</p>
<p><br></p>
<p>Check the Safemars price, total supply, maximum supply, circulating supply, trading volume<em>, </em>market cap, historical statistics, etc\., along with in\-depth information on several of the biggest and fastest\-growing cryptocurrencies on<a href="https://coinstats\.app/"><u> CoinStats</u></a>, one of the best crypto platforms around\.</p>
<p><br></p>
<p>CoinStats is a cryptocurrency research and portfolio tracker app that provides valuable information on cryptocurrency news and investment advice to help investors make better decisions\.</p>
<p><br></p>
<p>Read on to learn everything you need to know about the Safemars project and the SAFEMARS \(SMARS\) token\.</p>
<p><br></p>
<h2>What Is Safemars</h2>
<p><br></p>
<p>Safemars is an autonomous yield and liquidity generation protocol\.</p>
<p><br></p>
<p>It was launched on March 13, 2021, on Binance Smart Chain\. The protocol has a native token SAFEMARS \(SMARS\), corresponding to the BEP 20 token standard\.</p>
<p><br></p>
<p>Safemars applies 4% tax to all user transactions\. 2% of that is promptly distributed to the Safemars holders\. &nbsp;The remaining 2% is added back into the liquidity pool\. When a transaction takes place across the platform, smart contracts automatically burn some fee percentages and distribute rewards to Safemars holders\.</p>
<p><br></p>
<p>Safemars offers an excellent reward system within the DeFi ecosystem by enabling users to earn without exposure to the risk of Impermanent Loss \(IL\)\. It allows getting rewards without farming, staking, and depositing tokens and allows users to get more tokens by simply holding Safemars in their wallets\.</p>
<p><br></p>
<p>The protocol automatically locks the liquidity forever\.</p>
<p><br></p>
<p>Kenneth Churchill is Safemars's creator and CEO\. He has extensive experience as Managing Director\.</p>
<p><br></p>
<h2>How Does Safemars Work</h2>
<p><br></p>
<p>Safemars protocol works by applying a 4% tax to every transaction\. 2% of fees are used to reward holders\. The system automatically adds liquidity with 1%, and 1% goes to holders via prizes and rewards\.</p>
<p><br></p>
<p>SAFEMARS tokens have a total supply of one quadrillion \(1,000,000,000,000,000\)\. SAFEMARS is a deflationary token, meaning the protocol removes tokens from supply by burning\.</p>
<p><br></p>
<p>After launch, over 50% of supply burned hodlers are rewarded\.</p>
<p><br></p>
<p>Safemars uses a proportional transaction rewards model, where the rewards are based on the locked liquidity\.</p>
<p><br></p>
<p>The white paper of the protocol states: effectively burned tokens make the token unruggable \(liquidity locked forever\)\.</p>
<p><br></p>
<p>Here are key features of Safemars:</p>
<ul>
  <li>Automated Yield and Liquidity Generation Protocol</li>
  <li>Auto\-lock Liquidity Forever</li>
  <li>RFI Mechanics</li>
  <li>Deflationary</li>
</ul>
<h3>Liquidity Pool</h3>
<p>At the time of launch, SAFEMARS had an initial supply of liquidity formed by the pair of Binance Coin \(BNB\) and Safemars liquidity protocol tokens\. Token ownership was renounced by sending them to a burn address, a wallet with no access key\. This way, liquidity is locked forever\.</p>
<p><br></p>
<p>By renouncing ownership, the cryptocurrency development team doesn't hold large amounts of tokens\. This prevents the possibility of a rug pull\.</p>
<p><br></p>
<h3>Where Can You Buy Safemars</h3>
<p><br></p>
<p>Safemars intends to get listed on more crypto exchanges\. Currently, trading the token is available on the following exchanges:<br>
</p>
<h5><strong>\-MarsSwap</strong></h5>
<h5><strong>\-Gate\.io</strong></h5>
<h5><strong>\-PancakeSwap</strong></h5>
<h5><strong>\-BKEX</strong></h5>
<h5><strong>\-Hoo</strong></h5>
<h5><strong>\-BitMart</strong></h5>
<h5><strong>\-BitForex</strong></h5>
<h5><strong>\-LATOKEN</strong></h5>
<p><br></p>
<p>The Safemars project was launched in 2021, having a specific roadmap\. The network now intends to expand the team, get listed on new exchanges, and develop the ecosystem\.</p>
<p><br></p>
<h4>Safemoon and Safemars: The Same</h4>
<p><br></p>
<p>Safemars has been gaining a lot of attention online after the success of SafeMoon, a very similar cryptocurrency that saw a massive jump in its prices recently\. One can think that the crypto projects <a href="https://coinstats\.app/coins/safemoon/"><u>SafeMoon</u></a> and Safemars are somehow related because of the similarity in names\. However, note that these two are separate tokens\.</p>

---

## Safemars Token Risks

**Trust Score:** 78/100

| Risk Type | Severity | Result |
|-----------|----------|--------|
| Selfdestruct | 🟠 high | ✗ Failed |
| Transfer event amount mismatch | 🟠 high | ✗ Failed |
| Blacklist | 🟠 high | ✗ Failed |
| Centralized Burn | 🟠 high | ✗ Failed |
| Proxy (Upgradeable) | 🟠 high | ✗ Failed |
| Unauthorized Token Approvals | 🟠 high | ✗ Failed |
| Centralized Mint | 🟠 high | ✗ Failed |
| Balance Manipulation | 🟡 medium | ✓ Passed |
| Basic Transfer Fee | 🟡 medium | ✓ Passed |
| External call in transfer | 🟡 medium | ✓ Passed |
| Blockable Transfer | 🟡 medium | ✓ Passed |
| Pausable | 🟡 medium | ✗ Failed |
| Cooldown checks | 🟡 medium | ✗ Failed |
| No Transfer event emitted | 🟡 medium | ✗ Failed |
| Approval event not emitted | 🟡 medium | ✗ Failed |
| Whitelist | 🟢 low | ✗ Failed |
| Not fully ERC20 compliant | ⚪ minor | ✗ Failed |
| ETH Balance Sweep | ⚪ minor | ✗ Failed |
| Asset Withdrawal | ⚪ minor | ✗ Failed |
| Assembly usage in transfer | ⚪ minor | ✗ Failed |

[Learn more about token risks](<https://coinstats.app/blog/risks/>)

---

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---

## Safemars News

### [Shitcoins/Memecoins that got shilled by Celebrities and Billionaires claiming to be the "Next Big Thing" almost each one of them is currently down 70-100% from their ATH.](<https://coinstats.app/news/lfpLK9LcQv_ShitcoinsMemecoins-that-got-shilled-by-Celebrities-and-Billionaires-claiming-to-be-the-Next-Big-Thing-almost-each-one-of-them-is-currently-down-70100-from-their-ATH>)
*Unknown - Dec 10, 2021*

&lt;\!\-\- SC\_OFF \-\-&gt;&lt;div class=&quot;md&quot;&gt;&lt;p&gt;First, obviously the one and only &lt;/p&gt; &lt;ul&gt; &lt;li&gt;&lt;p&gt;&lt;strong&gt;Elon Musk Shilled Dogecoin:&lt;/strong&gt;&lt;/p&...

### [MediaX: Providing branding and PR solutions for gaming and NFT projects](<https://coinstats.app/news/xAMzpR5RQB_MediaX-Providing-branding-and-PR-solutions-for-gaming-and-NFT-projects>)
*Unknown - Nov 23, 2021*

Building a successful NFT project is a lot of work, but it is doable with the correct branding and public relations\. MediaX, a renowned blockchain marketing agency, can assist you with the heavy lifti...

### [Understanding the Pancakeswap Scams (safeMOON, safeMARS, etc)](<https://coinstats.app/news/3uTo6lCtB1_Understanding-the-Pancakeswap-Scams-safeMOON-safeMARS-etc>)
*Unknown - Mar 24, 2021*

I'm reposting this post by u/tradeworthy because it was removed by automoderator\. Seems like pretty important information, especially since I've been seeing safemoon pop up a lot in here\....

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## Also Check Safemars Price On

- [CoinGecko](<https://www.coingecko.com/en/coins/safemars>)
- [CoinMarketCap](<https://coinmarketcap.com/currencies/safemars>)
