Everyone was surprised with the success of Dogelon (ELON). It reached a marketcap of over 100m USD in less than 24 hours after launch. It also got listed very quickly on CoinGecko and CoinMarketCap. (Maybe even a bit too quickly?)
Dogelon started the “elon season”. A lot of new memecoins were launched, which were themed after Elon Musk. Some of them, like Dogemusk (MUSK) mooned pretty hard, even though there wasn’t even a website or a Telegram Group at launch.
We decided to also make a memecoin which is themed after Elon Musk. We wanted to make it as safe and fair as possible, hence why we called it SafeMusk. These are the hard facts:
- 2% burn fee on every transaction
- 2% redistribution fee on every transaction
- 50% of total supply burned at the start (to create a blackhole effect)
- Liquidity locked for 6 months on Unicrypt
- Fair launch / no presale
- 0 team tokens (the team has to buy their own tokens as everyone else)
- Renounced ownership
The 2% burn fee makes the total supply go down over time. As we all know, in theory, if the supply goes down, even if the demand stays the same, the price will go up. In addition, there is also a 2% redistribution fee. This means just buying and holding SafeMusk tokens in your wallet will get you a share of the generated yield.
50% of the total supply was burned at the start to create a blackhole effect. This is done by a lot of memecoins. The burn address also gets its share from the generated yield and grows faster over time.
The liquidity is locked for 6 months on Unicrypt. This means its impossible to remove the liquidity before the lock expires. Also there wasn’t a single token allocated to the team. The developers have to buy the token on Uniswap as everyone else with their own private wallet. We decided to take this approach to make it as fair as possible.
We also decided to renounce ownership right after launch. This means its not possible for the developers to call functions in the smart contract, which can only be called by the owner. This makes the token even more rugproof.
In addition to the dope and safe tokenomics, we also have a big roadmap with a lot of stuff, that we want to do. Obviously like every memecoin we want to get listed on CoinGecko and CoinMarketCap. We also want to make an NFT meme collection with funny memes about Elon Musk. In addition we want to do other cool stuff like a minigame, merchandise and an official anthem. The coolest and biggest goal is to get noticed and retweeted by the master, Elon Musk, himself.
