$SBITE Official Contract and Official Telegram


Overview

SafeBite is a community-driven, fair-launched DeFi project built on Binance Smart Chain #BSC. Three functions occur during each trade: Reflection, LP Acquisition, and Burn. SafeBite brings the most revolutionary mechanism to the BSC ecosystem: Earn more $SBITE just by holding $SBITE token.



Liquidity Locks

At the initial launch, we locked all LPs on Unicrypt for 6 months.



Manual Burn

We will burn 10% from the foundation. Please take a look at the tokenomics section.. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed. The conditions of the manual burn and the amounts can be advertised and tracked. SafeBite aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term. Furthermore, the total number of $SBITE burned is featured on our readout located on the website which allows for further transparency in identifying the current circulating supply at any given point in time.



Transparency

Our team understands the current security concerns of the Binance Smart Chain ecosystem. There are many scam projects which take investor's money and do nothing. That is the reason why we decided to be fully committed to being transparent about all of our work with our community and future investors.



Tokenomics

Total Supply: 100 million $SBITE:

  • 50% for the fair sale.

  • 30% of the token to LP on Pancakeswap.

  • 10% for airdrop.

  • 10% for the foundation: Team only gets 4%, and 1% for marketing. We will burn the rest 10% of the foundation.

  • There is going to be 3 options for the presale with each option appealing to a different demographic of investors so we can appeal to a wide range of investors. Dev will add 30% of the token supply to LP on PancakeSwap and participate in the fair launch with everyone else. We will publish the listing date on PancakeSwap.



    Earn $SBITE

    You collect $SBITE by accessing the dashboard page at SafeBite
    4% of every transaction is taken and re-distributed to all SafeBite holders in $SBITE.
    You will have to wait for a specific duration called cycle (about 1 week) to collect your $SBITE reward.
    In this waiting duration, if you continue to add more than 2% (threshHoldTopUpRate) of your $SBITE balance, the waiting duration will proportionally add up with the cycle.


    For example, on the first day of your cycle, you add up more 5% $SBITE, you have to wait: 5%*7days = 8,4 hours more. That means you can collect $SBITE after 7 days and 8,4 hours. But if the threshHoldTopUpRate >= 100%, the waiting duration will add up to 7 days. For example, on the first day of your cycle, you add up more 100% $SBITE, you have to wait: 7 days more. That means you can collect $SBITE after 14 days. This will prevent cheaters who try to add more $SBITE at the end of each cycle.



    $SBITE Tax

    After rolling out the first testnet, we recognize that top $SBITE holders have more advantages when collecting $SBITE than others. Following the philosophy of building a pure community-driven project. We introduce a new tax feature, If you collect more than 10,000 $SBITE, 20% of it will be used to buy back $SBITE at the market price and burn them immediately. This feature helps deflate the supply and increase the price of $SBITE for long-term $SBITE holders.



    Anti-Whale Mechanism

    Along with the auto-generating liquidity protocol, we have added an Anti-Whale feature. We have seen many SafeMoon holders suffer the big dumps from the whales. For eg: NCAT price dropped 4 times in just hours because a whale dumped and took nearly 500 BNB from the pool (and SAFEMOON case was 1771 BNB). So transactions to sell more than 0.01% of the total supply will be rejected. This will protect price movement as well. This feature prevents pump-dump-exit whales because they can destroy the project.



    Transactional Tax

    With $SBITE, each transaction (buy/sell) has a 10% tax where:

  • 4% of every transaction contributes toward automatically generating further liquidity on Pancake Swap. Benefiting long term for SafeBite holders the most!
  • 4% of every transaction is taken and re-distributed to all SafeBite holders in $SBITE.
  • 2% of every transaction is taken and re-distributed to all $SBITE holders. The burn address is also a holder thus each transaction helps deflate the supply.


  • Automatic LP Feature

    As mentioned previously, there is a 10% tax on each transaction, 4% gets added to the liquidity on PancakeSwap through the contract. This liquidity becomes locked away and inaccessible, once again raising the price floor each and every time a transaction is made.



    FAQ

  • How many $SBITE can I collect?
    You can collect the amount of the $SBITE based on the ratio of $SBITE you hold/the total $SBITE pool. For example, you hold 1% of $SBITE, you can withdraw 1% of the $SBITE reward pool.

  • What is the $SBITE pool?
    4% of every transaction is taken and re-distributed to all SafeBite holders in $SBITE. This amount of $SBITE is called the $SBITE pool.

  • What if I don’t collect $SBITE reward in my cycle?
    If you don’t collect at your cycle and other holders claim, the $SBITE pool will reduce. So then the ratio of your $SBITE/$SBITE pool reduces as well. That’s why you should collect as soon as your cycle is ready.

  • Why does my collectable $SBITE always change?
    You can collect the amount of the $SBITE based on the ratio of $SBITE you hold/the total $SBITE pool. So when the total $SBITE in the reward pool changes, your collectable $SBITE changes as well.