Overview
Permissionless Sandbox for Safe token Launches
Last updated
Permissionless Sandbox for Safe token Launches
Last updated
SAFU.io is a sandbox token minter allowing anybody to create safe, rug-proof tokens in minutes. WordPress cleaned up web2 and SAFU aims to do the same with web3.
When you get rugged, scammers really only have 3 types of mechanisms to take your money. The simple being: never distributing tokens. Fairly easy to solve, just create an automated transfer of tokens to the vesting, claiming contracts as soon as a token is minted
No Liquidity: Projects raising funds and distributing tokens, but without liquidity or centralized exchange the token just goes to 0. Every project needs to have some amount of Locked LP. The lower the initial risk. At a 65% automated locked Liquidity, launchpad participants cannot lose more than 35% of their original investment. Given that no other tokens are unlocked. A simple smart contract that routes the raised funds and automatically locks them into the AMM of the team's choice will solve this problem.
Team tokens: Additional token supply that is minted out of thin air is usually the main reason why tokens go to 0. People tend to not sell tokens in heavy losses, however, minted tokens are free tokens. Therefore it is always profitable to sell them as long as there is liquidity, killing tokens. On SAFUPad teams cannot mint additional tokens for themselves, however, they earn tokens from transaction fees.
Shady token minters: Competitors such as pinksale allow anybody to use any token minter when creating a token sale. SAFUPad only allows teams to use the protocols' own SAFU Minter. A minter that allows a high degree of flexibility and customization, however, ensures that there are no shady backdoor features that later on allow the teams to rug its users and token holders. There are endless ways for a minter to allow a team to rug a token therefore we will not go into further details.
SAFU Protocol essentially is a closed system of smart contracts that eliminates all of the above, allowing anybody to design their own tokens that cannot be rugged. In a way, the SAFU protocol is a system that creates only tokens.
