BEP20 is a standard of tokens running on the Binance Smart Chain. You can think of it as a standard for tokens. It defines how they are used, who can use them, and other rules for using them.
BEP20 is similar to the ERC20 standard of tokens running on the Ethereum platform, or TRC-20 of the TRON network. However, BEP20 is more developed and upgraded.
Different standard wallets will have different address forms. Specifically:
The BEP2 wallet address on Binance Chain has the form:
The address of BEP20 wallet and ERC20 wallet has the same form:
Of the TRC20 wallet, it has the form:
Note: With BEP2 wallet address you need to use additional MEMO to identify your account. As for BEP20, TRC20 wallets, there is no need for MEMO.
There is a placeholder for an EXIT_FEE BSC code, a Rule-based placeholder on mandatory contract, and a non-delegable element. We set custom fee values based on the market to create the effect of increasing transactions and growing the community.
SFT, can be used to incentivize traders, We do not sell it in the initial stage, it is distributed by the market traders themselves and it will be distributed in the staking and referral stage.
SFT is also a proof of stake token in trading
SFT is also a reward for the prize value and rewards for community developers.
SFT works on the growth of the community and is the medium for all transactions.
SFT Governance Token
Since our inception, our goal at Safety has been to decentralize and diversify the management of the Safety Protocol. We looked at several approaches and designs and came up with one that we're proud to share: Effect Protocol Governance Token (SFT).
For successful decentralized governance., we create SFT tokens as a means of promoting alignment and participation in protocols. SFT tokens can be viewed as an investment value; SFT token holders may or may not be those who interact with ecosystems that still generate profitable value.
The Safety protocol allows any BSC Main Net account to add liquidity in the form of tokens to existing Safety pools or even create their own.
Liquidity and zero-token distribution effect from project owners attract traders, trading generates fees and finally, gross profit based on shared platform attracts more liquidity. This is the Safety benefit effect that we are starting to see happening in the Safety protocol.