Safe’Rug introduces a novel concept of autonomous insurance, that protects users perpetually from rug pulls and hacks. Safe’Rug is trustless, permissionless, and community governed.
Crypto markets are booming like never before, every other project is racing toward its all-time highs, beating itself on its moon mission. But, such booming markets have given rise to a horde of nefarious actors who go above and beyond to orchestrate well-planned money grabs, which make the unexpecting investor lose their investments in a place where they can’t possibly recover.
And… Not to mention, Hacks and exploits. Even experienced investors fall into this trap. FA and TA are not helpful…
Crypto is a scary place, isn’t it? SafeRug’s sole mission is to change this narrative
So, how do I get Safe’Rug Insurance?
It’s easy! Just buy and hold $SafeRug. (contract not deployed yet)
You will be perpetually insured against all kinds of rug pulls and hacks to the max $ amount of your $SafeRug holdings.
So, how do you do this? Where do the funds for insurance come from?
Good question, indeed. Hmm, where do they come from? Short answer: from you!
Confusing? Read on…
Every transaction of $SafeRug is taxed at 10% (Its essentially the fee you pay to get insured)
Out of this; 5% goes toward a community governed Insurance pool.
This Insurance pool funds all Insurance claims, through community governance.
Tokenomics:
We are making Safe’Rug a total fair launch project, there are and will be no team tokens, Liquidity will be provided by the community through ongoing LGE events.
Ongoing developments will be funded through taxes collected from $SafeRug.
Tokenomics breakdown:
15% goes to Initial Dist
25% goes to LGE (Liquidity mining) reserves
20% goes to community incentives.
30% goes to ecosystem reserves.
10% goes to insurance fund kickstarter.
Tax Structure:
Every transaction of $SafeRug is taxed at 10%
Tax Breakdown;
- Insurance Fund — 5%
- Development Fund — 2%
- Governance Staking — 1%
- POL Reserve — 2%
Insurance Fund:
The insurance fund is a community governed funding pool that receives 50% of all taxes collected by the SafeRug ecosystem.
The Insurance pool funds all Insurance claims, through on-chain governance.
Development Fund:
The development fund, as the name suggests, will be used to cover ongoing developments of the ever-expanding SafeRug ecosystem.
Governance Staking:
SafeRug will be run by the community, it’s built to be a self-sustainable ecosystem, the tax collected by the “Governance Staking pool” will go toward funding passive revenue for the people who engage in the governance decision-making process, more details on governance staking coming soon.
POL Reserve:
SafeRug will have an ever-increasing POL reserve (Protocol Owned Liquidity) funded by taxes collected from $SafeRug. The advantage of POL reserve in comparison to a burned liquidity is the ability to migrate liquidity when necessary (e.g. Pancakeswap V1 to V2 migration)
More details, coming soon.
Stay tuned.
