JOHANNESBURG – A new auto liquidity generating protocol SafeBank YES by DefriBank Digital Limited has broken industry’s record when it became the first BSC project to achieve a $1.6 billion market cap in less than 24hours of release.
Amidst safe word styled token boom the DafriBank Digital released its liquidity generating protocol, a Binance Smart Chain BEP20 standard token over a week ago titled the SafeBank, the token went on to achieve a $150 million dollars market cap before a severe BOT and early whale attack which brought the market cap down to $30 million dollars struck. “Following a 98% Yes community vote, a resolution was reached to dissolve the Bots captured token and deploy a new token with an anti-dumping mechanism which took us 5 days to be created and redeployed” The team said in a statement. “We were transparent with our community from word go, hence they understood that the only way out of the trap was a deployment of a new contract whereby each member gets the same number of token holds through airdrop while eliminating the bad actors” read the statement.
The new SafeBank V2 was listed on Pancake Swap Exchange late yesterday and broke the $1 billion market cap threshold within an hour before surging through $1.6 billion all-time high. Although at the time of writing the SafeBank market cap has stabilized at $878 million with a clear evidence of upward momentum.
“Waooh, I have never seen anything like this before, $1.4 Billion (R20.3Bn) 119000% in less than 24h #SafeBank is rewriting the history. However, I was a bit disappointed in how you still don’t have faith in your leaders despite their effort and transparency. The issue of redistribution of old SB is being scripted and will be automated in line with your vote. Be rest assured you will receive your old SB” posted Xolane Ndhlovu, a billionaire entrepreneur and co-founder of DafriBank Digital.
“A gentle reminder, if you decide to dump your old SB when you receive them we will not be able to resuscitate the project again. If you believe in the project, continue to support the core team, we have a great project, no one has ever done what we did in the crypto industry. You still have my words, none of our people will sell their SB until 2023” He added.
SafeBank claims to be the world’s first Decentralized Bank which allows clients to control their own finance and is owned and operated by Revolut of Africa, DafriBank Digital which aims to offer seamless cross border payment. SafeBank also hoped to leverage on its sibling DafriXchange, Africa’s largest crypto exchange by outreach, for its sustainability and planned to launch SafeBank Swap and SafeBank DaApp wallet with an integrated P2P marketplace. SafeBank Token apply a mechanism that tax each transaction and split the proceed with 50% sent to holders and 50% sent to blackhole which burn and remove it from total supply permanently.