To Affinity and Beyond: Is SafeAffinity a safe investment and what it does

Do you want to make a passive income from crypto investment? Sure you do, doesn’t everybody. SafeAffinity wants to make this possible for you… but without the hassle of market analysis and the risk of rug pulls. The project was created to help individual investors and the community to use crypto and earn rewards in a safe environment. We have to say, that sounds pretty good and we simply had to check it out.

What is SafeAffinity and what does it do?

It is a blockchain project built on the Binance Smart Chain (BSC), which allows smart contracts to exist. In fact, BSC is growing in popularity even faster than Ethereum hence the proliferation of BEP-20 tokens in the market. Speaking of BEP-20, for those who don’t know, it’s simply a protocol used on the platform; different from ERC-20 used on Ethereum. 

To enable the network, the token $AFFINITY was created as the native currency. Therefore, investors buy this token from platforms such as PancakeSwap and Flooz.Trade. In return, you are rewarded simply for holding the token in your wallet such as Metamask or Trust Wallet. These rewards are in the form of both BUSD and ADA from the Cardano network. 

Tokenomics

A natural question to ask is how the SafeAffinity project raises funds to provide these rewards. For that, we have to look at the tokenomics involved. Whenever you make a transaction on the network, a fee is applied. When buying $AFFINITY, that would be 8% and when selling it’s 20%. The higher selling fee is meant to discourage selling, especially by large holders in a rug scheme.

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Once collected, the fee is distributed for various purposes including buying BUSD and ADA to be distributed as reflections to $AFFINITY holders. Some of the rest is used by the project developers for marketing through channels like Telegram and Twitter. Telegram is particularly useful because you can interact with other members in a group of more than 2,000. 

Moreover, some of the tokens are burned to reduce supply and artificially raise the value of $AFFINITY. Of the 1 trillion tokens produced initially, over 11 billion have been burned already. This means that holders can continue to see the value of their coins rise over time. 

Roadmap

SafeAffinity is still a relatively new project having been launched on 28 August 2021. As such, it’s no surprise that there is still a lot in development and yet to be launched. On one hand, this makes it risky as an investment. Then again, just think of the criticism Bitcoin faced in the early days before becoming a staple. 

And the most encouraging bit is that the project is still on track, including the launch of ADAPT. Expected to be complete during Q1 2022, it will be a peer-to-peer token trading platform open to all investors and traders. 

The main difference is that you won’t have to rely on long strings of contract addresses for transactions. By the way, a lot of investors have lost their coins just by entering the wrong address or the wrong protocol. Also, it will be faster since it is run on BSC and with little fees. 

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How promising is SafeAffinity as an investment?

This is the big question, isn’t it huh? Well, first of all, it’s important to remember that no price prediction is ever guaranteed. We did a lot of research into the project from reading the entire whitepaper to scouring forums, social media and technical analysis. 

This latter analysis on Poocoin showed a lot of progress as you can see from the price chart above. Since the launch, $AFFINITY has trended upwards except over the past week when it has trended horizontally. 

We then looked at BscScan to find out why and it was clear – only 1 wallet currently holds the token. That there is a sign that the project doesn’t have a lot of supporters at the moment, which is very discouraging. 

It was also curious that we couldn’t find any details on the team members despite claims of extensive experience in computer science and what not. Therefore, despite the hype, we found SafeAffinity to be very risky as an investment. If you’re still interested, though, proceed with caution and we’ll be happy to eat our hats when your investment 100xs. 

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