Let’s describe what happens now to SAFUU Token and list the benefits to holding SAFUU Tokens aswell as what the utility of Safuu Token is and future plans.
What Happens to SAFUU Token Now?
Now that SAFUU is evolving to SAFUUX (SFX), our new Layer 1 Blockchain Coin, it leaves the question in everyone's mind to what happens to the original SAFUU Smart Contract which operates on the Binance Chain Network.
The SAFUU Smart Contract cannot be disabled or canceled. This means that the SAFUU Token will remain tradeable on the open market via the SAFUU/BNB liquidity pool pair indefinitely.
A Community Driven Project
The SAFUU Token will enter into a state of a community driven voting system where all holders of SAFUU will have a voice and be able to vote on all future decisions.
The first decision of which will be decided by a majority vote; will be the renaming of the SAFUU Token name to something which represents it being the first and true original now that SafuuX has been born.
Over the course of the next fortnight or so there will be an announcement with guidelines and on how to make a name suggestion aswell as how to vote within the Safuu Discord.
New Utility of SAFUU
Due to the recent evolution to our SafuuX Blockchain (SFX Coin), it has changed the way we all see the utility of SAFUU Tokens being used.
SAFUU Token Utility
1. Being offered as a direct market pair on SafuuX Chain: SAFUU/SFX
2. Easy and available bridging over to SafuuX Chain
3. Utilization of the SAFUU/BNB Liquidity Pool to support SafuuX Bridge
SAFUU Token TAX Structure
The SAFUU Token smart contract was created and deployed in an effort to protect holders from the toggling of Tax charges and Tax percentages.
Since the smart contract does not allow for the Tax system to be turned off, nor does it allow for the Tax percentages to be decreased, they can however be redirected. Etc; instead of 5% going to Auto-LP, this can be redirected to go straight into the Fire Pit instead.
SAFUU Is Now Hyper-Deflationary
Now that SAFUU Token has become truly deflationary with Rebasing turned off forever, coupled with a current Fire Pit percentage of 30%+ Total Supply burnt — A New TAX Structure will be introduced as follows:
New TAX Re-Direct Changes
6.5% Fire Pit (Burned Supply)
7.5% SIF (Used for Buyback + Burns)
6.5% Fire Pit (Burned Supply)
9.5% SIF (Used for Buyback + Burns)
**100% OF THE TAXES COLLECTED BY THE SIF WILL BE REGULARLY USED TO BUYBACK SAFUU AT MARKET PRICE AND THEN IMMEDIATELY BURNT INTO THE FIRE PIT.**
**THIS NEW TAX STRUCTURE MEANS THAT ALL TAXES FROM MARKET ORDERS (BUYS AND SELLS) WILL BE PUT INTO THE FIRE PIT CAUSING RAPID HYPER-DEFLATION IN A 100% TRULY DEFLATIONARY FASHION.**
SAFUU Token is now a pure 100% Community Driven Project without the need for Treasury assistance and without the Treasury taking any income or profit.
This new tax system is EFFECTIVE IMMEDIATELY which is verified on-chain in this transaction: https://bscscan.com/tx/0x4098baf2569af82dc4270a0a7e683c10ba97187e18be54a0f565cb708f687539
Any new future changes (if any) will need to be supported through an appeal with a majority vote by our community.