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SAFEMARS

What is yield farming in cryptocurrency and decentralized applications? In short, it's a new way to gain passive income while at the same time supporting the development of the cryptocurrency world.

Yield is a common term used in farming to measure the productivity of a farm. In cryptocurrency, yield usually refers to the annual interest payout a cryptocurrency a user can earn. Yield can be generated from holding tokens in a staking wallet or from masternode rewards. Yield farming is the use of a cryptocurrency lending strategy that minimizes risk while generating interest on investments into cryptocurrency.

SAFEMARS launched on March 13, 2021, with a total supply of 1,000,000,000,000,000 SAFEMARS. Following the launch, 53.5% of the total supply was sent to a black hole address to be burned. It also receives a share of each transaction fee, burning its share each time it is received. This leads to a reduction in supply of SafeMars tokens, and potentially deflationary nature of SafeMars price.

40.5% is allocated to the pre-sale supply, while 6% to the SafeMars team wallet.

Since its launch, there has been substantial interest in the SAFEMARS to AUD and SAFEMARS to EUR prices.

As of October 2021, SafeMars (SAFEMARS) is available to trade on numerous exchange platforms, including: PancakeSwap (V2), PancakeSwap, Gate.io, Hoo, BitMart, BitForex, LATOKEN and BKEX.

It is listed with two SafeMars price pairs: SAFEMARS/WBNB and SAFEMARS/USDT.

To check SafeMars price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the SafeMars price page. Alternatively, use the dedicated exchange rate converter page. Popular SafeMars price pairs include: SAFEMARS/USD, SAFEMARS/GBP AND SAFEMARS/EUR.

For more information about how to buy crypto with fiat, check out CoinMarketCap’s education portal — Alexandria.