Mandala exchange announced to list Safemoon V2 with global tokenomics tomorrow on February 17, 2022. Trading options will be open in 24-hours and users can transact the DeFi token with SFM/USDT trading pairs. The window to buy and sell SFM will be open from 6:00 PM UTC on 2022-02-17.
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The listing will open the gates to new Safemoon V2 investors and the DeFi-token’s trading volume is expected to spike. Safemoon V2 has more than 3 million holders and the numbers are expected to see a jump after the Mandala listing.
How Will SafeMoon V2 Tokenomics Work on Mandala?
Mandala exchange is the first to list Safemoon V2 with global tokenomics. Investors who choose to trade the DeFi-token on the platform will be taxed 10% SFM along with the Mandala fees. The base fee in Mandala for trading is usually 0.1% but can go further depending on the user’s transactions.
The benefits of global tokenomics are that users who trade and hold their SFM on Mandala can earn SAFU funds. In addition, investors can also collect their 4% global SFM reflections and earn passive income with their trades. The process is as similar to holding SFM on MetaMask, but Mandala allows users to get reflections despite being an exchange.
”Mandala Exchange will be the first CEX to adopt SafeMoon V2 Global Tokenomics. Traders will be taxed the standard 10% SafeMoon V2 tax as well as a Mandala trading fee, depending on what $MDX locking tier you are in (Base trading fee is 0.1%, traders can receive up to 35% off trading fees by locking Mandala native token, $MDX),” Mandala’s website read.
What is SAFU? How Does it Benefit the User?
SAFU (Secure Asset Fund for Users) is an emergency user fund that was first established by Binance in 2018. The main intention of SAFU is to protect and safeguard the users’ funds. The exchange will commit a percentage of trading fees in order to grow into a sizable level to safeguard users.
Therefore Mandala listing Safemoon V2 with global tokenomics is an added benefit to users to trade SFM. At press time, Safemoon V2 was trading at $0.00160353 and is up +4.0% in the 24-hours day trade.