Bibox DeFi Innovation Board will list Safemoon Cash (SMC) on 6/5/2021.
In order to facilitate user transactions, SMC deposited to Bibox will be automatically converted into mSMC (1mSMC = 1,000,000SMC).The platform will convert it into actual quantity according to this algorithm when withdrawing.
【Bibox's instructions on Safemoon Cash contract mechanism processing】
According to Safemoon Cash's contract mechanism, users need to pay a 4% fee to the token contract every time they transfer money on the chain.Therefore, Bibox has the following rules for Safemoon Cash deposit/withdrawal processing:
Deposit：Bibox deposit requires payment of 4% of the token contract fee.That is, the user successfully deposit to Bibox, the actual amount received = transfer amount-contract fee.
Withdrawal：According to Safemoon Cash’s contract mechanism, Bibox charges a 4% Bibox collection fee for each withdrawal; The actual remitted amount of withdrawal = user's Safemoon Cash withdrawal amount-Bibox collection fee-token contract mechanism fee.
*BSC transfer fees will be normally deducted from the actual token withdrawal amount.
For details of the token contract mechanism, please contact Safemoon Cash official.
I. Listing Time
6/4/2021 14:00 (UTC+8), deposit and withdrawal functions will be enabled.
6/5/2021 14:00 (UTC+8), mSMC/USDT trading pair and Grid Trading will be enabled.
II. Token Information
Safemoon Cash is, in short, a rug-proof, ownership renounced, community driven project that will bring rivalry to Safemoon with positive vibes only.
Please be aware that crypto market price is volatile upon listing. Please trade cautiously after evaluating the market carefully.
III. Related Links
White Paper: Click for Detail
Block Explorer(BSC): Click for Detail
Fees: Click for Detail
Cryptocurrency investments are risky. Please make investments wisely according to your own risk tolerance.
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