Despite the gloomy times for the cryptocurrency sector as a whole, new projects continue to emerge. They exploit the possibilities offered by BSC and Ethereum for the rapid creation of tokens.
The latest in chronological order is Safe Life Token ($SLT). It’s being promoted by a series of Italian developers. They’re combining the usual cryptocurrency system with the ability to do a bit of charity work. Is this the next Made in Italy viral token? Hard to say before a full examination of what the project offers, for now.
Let’s take a look at the details of the token. What are the tokenomics and the distribution method? What will make it different from the other tokens that are being created these days?
What’s the Safe Life Token?
Safe Life Token is a token created according to the BEP20 standard. It therefore works on the Binance smart chain, as well as many other projects. In short, this is a very recent project.
It’s already making its first marketing moves, with the creation of a Telegram channel and a Twitter channel. These strategies are used more to keep in touch with people interested in the project and with token holders.
Tokenomics
Which are therefore always or almost the most important aspect when it comes to freshly born cryptocurrencies. There is an initial maximum of 1,000,000,000,000 tokens in circulation. This figure then decreases according to very precise rules.
- The 40% are already in a state of exhaustion.
- A further 10% suffer the same fate when they reach 2,000 holders.
- The tokens are distributed 35% to the community and the holders.
- 7% for marketing specialists and 8% for developers.
Some of this money is also used for charity. At least according to the schedule published by the site itself, these involve donations to children’s hospitals.
Project schedule
The chronology of the project has just begun – with the launch of the marketing plan and listing on the famous Poocoin, which collects all the tokens that have just been created and are still very low-capitalised. Subsequently, the group coordinating the efforts will also try to get listed on Coinmarketcap and Coingecko, while as far as donations are concerned, the first one, again according to the timetable, will be on 23 September, the second on 25 October and the third on 28 November.
Unknown and/or anonymous team members
It’s worth noting that, for now at least, none of the project’s promoters have publicly disclosed their personal details — and that even in the white paper, the developers are referred to by their first names. This is not an uncommon phenomenon in the world of tokens, but those who would like to have their first and last names available are likely to be disappointed.
Is it worth investing in Safe Life Tokens now?
We’re right in the middle of the field, so far at least, of speculative tokens — and those that you might buy in the hope that they will rise sharply in value in the future. Some of these projects are following Shiba’s fate, albeit in a much reduced form, while others are beginning endless downward spirals, making them bad investments.
As always, we advise our readers to take great care when approaching fledgling projects whose capitalisation is still very low. The humanitarian reason for the token is certainly interesting — and for those who are sensitive to such things, following it might be a good idea.
