Safemoon launched BSC on March 8, which rose by 200 times within less than a month. That is today, if RMB 10,000 is invested to buy Safemoon on March 3, you will have RMB 2,000,000 in April. It is pointed out that although Safemoon’s price has fallen to $0.000003, the investors may still expose to high risks if they buy Safemoon now.
What can Safemoon be used for? The team frankly confessed that it is useless; if there must be one, it takes advantage of a unique mechanism to stimulate people to hoard tokens. Compared to Safemoon at a high price, the emerging 4JNET is under the spotlight. 4JNET, rated as the updated Safemoon, is still in its infancy but is quite promising.
According to the official statement, 4JNET has launched the presale of limited-edition NFTs on October 18, and a total of 5,000 limited-edition NFTs are distributed. After the project kicks off on December 1, all NFT holders can claim 30% of all tokens issued, unlock 2% each day, and enjoy a reduction of 3% service charge. The purchased 4JNET tokens will be put into the liquidity pool to maximize the benefits.
I. 4JNET’s Unique Mechanism
4JNET will introduce a decreasing service charge mechanism to stabilize prices. To be specific, 90% of initial transaction amounts will be used as the service charge, 6% to be distributed to all token holders through tokens, and the remaining part to be automatically transferred into the liquidity pool.
As transactions increase, the service charge will be gradually decreased up to by 10%, thus bridging the gap between early and late investors. 4JNET’s early investors need to pay high service charges even if they buy at an earlier time, which is automatically put into the liquidity pool to promote steady price increase and alleviate price instability resulting from the selling pressure.
4JNET’s unique mechanism echoes with the “HODL” idea of encrypted tokens to a great extent, which advocates “buy and hold” regardless of its appreciation and depreciation in the short run. In essence, its fairness, security and transparency enhance the investors’ confidence in holding the tokens for a long time or trading at right time, allowing them to become rich one day.
II. Comparisons between 4JNET and Safemoon
1. Total Circulation
Currently, it is said that Safemoon has issued 1,000,000,000,000,000 tokens, but its upper limit is 1,000,000,000,000,000,000,000,000 according to its contract, which equals to the number of all atoms in 1,000,000 galaxies. In contrast, only 5,000 4JNET NFTs are issued, and all NFT holders can enjoy a reduction of 3% service charge.
2. Token Holding
@waronrugs, a KOL with 100,000 followers on Twitter, said that 50% of Safemoon is held by its founding team, so they may possibly crash the market at any time. All business logic of 4JNET follows the smart contract, and the team does not hold 4JNET tokens and has no access to the investors’ funds.
3. Technical Capabilities
Safemoon’s contract is directly copied from Ethereum’s smart contract RFILIQ. Safemoon not only maintains the spelling errors of the original contract but also keeps some doubtful questions, which affects Safemoon’s security. Yet, 4JNET’s core team comes from international renowned enterprises like Oracle, Microsoft and IBM, so it boasts a technical strength.
III. 4JNET’s Four Guarantees
- MSB license: 4JNET has secured the U.S. MSB license for encrypted tokens, and is allowed to lawfully engage in ICO, IEO and encrypted token transactions.
- Transparency: All business logic of 4JNET is achieved through the smart contracts. All contract addresses and codes are open-sourced.
- Contract audit: 4JNET’s smart contract has been audited by the blockchain security company CertiK, and its security and fairness are further guaranteed.
- Fairness: 4JNET’s unique mechanism effectively curbs the token oligarchs and centralized holding of tokens.
IV. Conclusions
According to our best knowledge, the news that 4JNET’s limited-edition NFT would be issued and the project would kick off soon has made a huge stir in the market. KOLs in the token industry pointed out that by means of its unique mechanism, 4JNET will soon occupy a market share and outperform Safemoon. A new star is rising!
