Digital transactions have become a common activity among people at the current time. Additionally, payments of different cryptocurrencies, tokens, and coins are becoming more popular. So, it highly motivated business investors to create a DeFi token like SafeMoon to get an online presence. The development of various digital assets is taking a great leap in the blockchain industry.
It helped businesses to change their target and set the bar one level above. But, before investing money in the development of tokens similar to SafeMoon, you need to know different aspects regarding the building process.
In this blog, we are studying major aspects like the development process, features, and cost in detail. Additionally, benefits, monetization, and working are also discussed. So, let us get into the blog and understand more.
Know a Few Basic Terms
Without knowing fundamentals, you cannot start the development process. Especially, in the blockchain and crypto industry it is important to approach an Ethereum token development company to be aware of different terminologies. In this section, we will observe and understand two salient terms related to build DeFi tokens like SafeMoon in detail.
What is a DeFi Token?
DeFi stands for Decentralized Finance which is a branch of crypto financing services. It uses smart contracts to build different digital assets like tokens and coins.
The solutions offered by these services are primarily focused on making crypto transactions smooth and efficient. This is a peer-to-peer financial system that allows users to directly exchange tokens and coins.
What is SafeMoon?
SafeMoon was a DeFi token that was evolved and launched by a DeFi token development services provider. It was highly used for asset transferring and depositing in crypto wallet accounts.
This token has charged 10% fees on various transactions from which 5% was returned to the token holders. And the other 5% was transferred to the coin distributors. All this process was conducted through Binance Smart Chain (BNB).
How Does a DeFi Token Like SafeMoon Work?
Before starting the development of DeFi tokens, it is a good idea to know the workings of the SafeMoon token clone. Here, we have discussed the major working stages:
1. Setup Crypto Wallet
The first step is to set up a crypto wallet and invest some amount in them. Users have different options like payment reversal to put their money in the DeFi platform.
2. Select Token Network
Users need to select a specific token network before creating an account. It can be done by listing and selecting process. So, businesses can create a token that has multiple networks to select from.
3. Create Account
After selecting the network, users can now create accounts to start the token transferring and depositing. So you need to find the process of how to create a token like SafeMoon.
4. Purchase BNB
Now, smart chain contracts can be easily purchased by users. Investment of money in smart contract development can help businesses deliver easy transaction services.
5. Token Swapping
Finally, the process of swapping tokens can be initiated to maintain the flow of digital cryptocurrencies. Customers can use multiple settings to swap different tokens and coins.
Market Stats For the Blockchain & Crypto Industry
- The projected revenue in the DeFi market for the country in the world is estimated to reach $418.7 Million by 2024.
- It is expected to experience an annual growth rate of -9.98% between 2024 and 2025, resulting in a projected total amount of $376.9 Million by 2025.
- The average revenue per user in the DeFi market is anticipated to be $7.9in 2024.
- In terms of global comparison, the United States leads the way with the highest revenue in the DeFi market, reaching $73,350 Kin 2024.
- Interestingly, the number of users in the DeFi market is expected to reach 56 Million users by 2025.
8 Interesting Features of a DeFi Token
There are a lot of different features that you can include in your DeFi token. But, it may lead to cost increment. So, in this section, we are focusing on a few features of tokens like SafeMoon:
1. Decentralized Architecture
SafeMoon is developed under the DeFi token system, thus having a decentralized architecture. It keeps the tokens distributed among different servers that can be accessed easily.
2. Adaptable Interface
DeFi platforms offer users a highly interactive and attractive interface. So, their experience is good while using the application. Businesses can invest in blockchain app development to make a similar platform with appealing designs.
3. Swapping & Bridging
This token provides easy swapping services through which multiple tokens can be easily accessed without increasing the limit. Users can also link tokens up to five maximum quantities. So, that transaction fluency is maintained in the overall system.
4. Automated Market Maker (AMM)
AMM is a widely used token protocol that uses mathematical algorithms for trading various digital assets. Smart contracts are involved in regulating price variation. So, you can hire token developers who are efficient in implementing this feature on the DeFi platform.
5. Instant Transactions
There are various DEX like SafeMoon that provide instant transaction services to reduce the time consumption of users. They only need to follow a few processes to make it easy for them.
6. RFI Staking Rewards
RFI stands for Reflect Finanace which helps users to hold their tokens for a certain period. They can manage their assets by changing the settings and enabling the holding function.
7. Community Support
Users have the choice to share their experiences and queries on the community portal regarding tokens. It is a good feature that easily resolves their issues. So, investment of money in the Ethereum token development solutions is quite beneficial for businesses.
8. Crypto Liquidity
A token like SafeMoon provides high liquidity services to users so they can easily invest and withdraw their assets. They can perform this task through a simple entry process and take their money in different forms.
4 Significant Components of SafeMoon-Like Tokens
To fulfill the needs of the crypto platform and facilitate tokens with high productivity and efficiency, a few components are launched. They are discussed as follows in this section:
1. Reflection
Reflection is an innovative attribute that has a massive impact on the development of DeFi tokens. It contributes a passive share of income to every token holder. Businesses can contact a token development company to involve this component in the development process.
2. Static Rewards
The use of static rewards is usually common to solve multiple issues with sophisticated solutions. Token holders can use this element based on varied conditionality. It can easily manage and improve the downward trade.
3. Token Burns
The performance of the market can be balanced through SafeMoon burn and other related processes. It ensures the longevity and efficiency of tokens. Businesses can use self-dissolving techniques to remove unnecessary tokens.
4. Digital Asset Liquidity
This component helps users to automatically invest their income in the token unit and seal it as a liquidity asset. By investing in blockchain development services businesses can prevent loss and increase the productivity of various tokens.
What is the Process to Create a DeFi Token Like SafeMoon?
Business investors need to know the right process to create a DeFi token like SafeMoon. So, they can easily reduce the development cost. Below are the generalized development steps discussed in detail:
1. List Token Identity
The first process is to start with the listing of different token identities and making them available to get deployed easily. Businesses can take suggestions from multiple blockchain application development companies on marking the existence of tokens. By completing this stage they can easily cover a major portion of the token development process.
2. Framework Selection
There are multiple frameworks available for building DeFi tokens like SafeMoon. These frameworks help businesses to prepare multiple themes for various tokens.
It is highly recommended to approach a crypto wallet development company to understand the workings of different frameworks. You can use other tools like MetaMask and Embark that can help you to implement different frameworks.
3. Build Wallet Account
After selecting a suitable framework for the development of tokens, businesses can now start building and integrating users’ wallet accounts. But, first, they need to have sufficient knowledge of how to create a token like SafeMoon. Only then can you proceed with the process. Creating wallet accounts can make the process easy for users.
4. Deploy Smart Contract
Smart contracts are one of the important elements used to build tokens with high liquidity rates and solvency. To implement this in your project, you can partner with a decentralized exchange development company and use their services. But, you should have enough resources that can comfortably allow you to involve smart contracts in token development.
5. Initial Asset Transaction
Once you have deployed smart contracts, it is easy to initiate the transaction process to judge the efficiency of the token system. It is a mandatory step in the development of DeFi tokens which ensures the trust of users. Businesses can hire crypto platform developers to implement a counter algorithm using automated blockchain to keep records of each transaction.
6. Involve Token Components
There are majorly four components available to develop various crypto tokens like Ethereum, Bitcoin, and NFT. So, business investors have a good opportunity to invest in the NFT marketplace development services to deploy a unique set of tokens. This can maintain your platform’s credibility and ensure the trust of users. You must target complementary solutions to build effective tokens.
7. Smart Chain Swapping
Implementing swapping services to enable the exchange of digital assets is compulsory because of its huge importance. Businesses can invest their money in token development like SafeMoon to use specialized smart chain solutions with emphasized swapping. This will attract customers in large numbers and generate high revenue to grow your business.
5 Distinct Advantages of DeFi Token Development
The development of DeFi tokens like SafeMoon provides multiple benefits to business investors. It is important to know them timely to stay motivated during the development process. Let us observe them:
1. Secure & Private
Developing DeFi tokens can provide safety and security because they are distributed over multiple servers. Businesses can create a token like SafeMoon to ensure the authenticity of digital assets. You can take advantage of this and add encrypted algorithms to make progressive and secure tokens.
2. Deliver Fast Service
DeFi tokens have a fast processing unit that takes the entity from the user and sends it into the crypto exchange system within seconds. There are no extra steps needed to fulfill this task. So, businesses can invest their money in defi token development and offer fast services to users.
3. Low Transaction Fees
This is the best advantage of developing DeFi tokens to attract more customers to the platform. Decentralized Finance services are made with low transaction costs and high liquidity rates. So, you can use decentralized crypto exchange development services to keep the motive alive.
4. Token Transparency
There is no scope for error in the processing of DeFi tokens. It provides transparent and fair services to businesses and users because of a distributed system. Hiring a blockchain app development company is a suitable choice for investors to keep tokens clear to be used.
5. Cheap & Reliable
The tokens developed on DeFi platforms are cheap and provide constant reliability. The investment required is quite lower than other tokens and digital assets. But, they provide high standard quality and efficiency to the users.
What is the Cost to Develop a DeFi Token Like SafeMoon?
The cost to create a DeFi token like SafeMoon is highly dependent on various market factors like the location of the development company and the complexity of tokens.
There are several other factors responsible for influencing the cost but they leave a very low impact on it. Let us discuss those two major factors in this section with an estimated cost structure.
1. Token Complexity
If you want to build a token with specialized features and functionalities then your investment should be high. On the other hand, the crypto token development cost is less for developing a token with a few and compact features.
Structure of a DeFi Token Like SafeMoon |
Development Time |
Estimated Cost |
Simple | 5-8 months | $8000-$14000 |
Moderate | 8-12 months | $14000-$20000 |
Complex | More than 12 months | $20000-$25000 |
2. Location
The location of a development company also plays a major role in affecting the cost of developing tokens. If you want to hire a company from a Western country like the USA then your budget should be expandable. But, you can keep the investment low if the hiring is from countries like India and the UAE.
Location Factor |
Estimated Cost |
USA | $40,000-$50,000 |
Australia | $35,000-$40,000 |
India | $8,000-$20,000 |
European Union | $30,000-$35,000 |
The Middle East | $10,000-$20,000 |
Latin | $20,000-$30,000 |
How to Monetize a DeFi Token Like SafeMoon?
Earning money through DeFi tokens is crucial because its development needs a lot of investment. So, to balance the cost you need to follow a few monetization strategies which are discussed below:
1. Token Licensing
Business investors can earn money through licensing tokens and other digital assets. This is because they must be regularized to prevent security threats and attacks. So, it is an important method that you must implement in your token platform to start earning money.
2. Apply Transaction Charges
You can apply charges on various crypto digital asset transactions and payments. It is a commonly used strategy among businesses. To implement this model you can hire blockchain developers and ask them to use suitable tools and algorithms. So, revenue generation gets started through processing fees.
3. Interest on DeFi Loans
Users have the facility to take loans in the form of tokens and coins. So, you can create a token like SafeMoon and apply a specific interest rate on it to start generating income. Additionally, business investors have the choice to put interest on loan installments to get paid timely.
Summarizing The Blog in Brief!!
Now, we are going to conclude this blog. But before that summarizing the blog is very important. So, we have discussed everything related to the development of the SafeMoon token alternative. Additionally, we have seen major secondary factors to support business investors after the development process.
Only, you need to contact a crypto token development company to gather the required resources and use them to create a DeFi token like SafeMoon. Business professionals can easily make progress through the development of various crypto exchange tokens. So, it is quite essential to start early and mark your presence in the blockchain domain.
Frequently Asked Questions
1. What is a DeFi Token?
- It is a digital asset and a part of Decentralized Finance that operates on Blockchain.
- DeFi tokens can be used for future planning to get high interest rates.
- These tokens are also used for trading and getting loans.
2. What is SafeMoon?
- SafeMoon is a DeFi token developed through Binance Smart Chain technology.
- It used a combination of different entities for long-term existence.
- This token charges a 10% fee on transactions from which 5% is given back to token holders.
3. How to Develop a Token Like SafeMoon?
- Set up token identity and select a suitable framework.
- Choose a specific wallet to deploy smart contract services.
- Manage asset volatility and generate transaction notifications.
- Use different components for token initiation.
- Integrate with Binance Smart Chain for swapping with different coins.
4. What is the Cost to Create a DeFi Token Like SafeMoon?
- The cost is a variable element in the development process.
- For developing a simple token you need less investment between $8,000-$14,000.
- However, the cost may increase to more than $25,000 if the complexity increases.
5. How Does DeFi Token Development Benefit Businesses?
- These tokens are comparatively faster and highly secure than other digital assets.
- DeFi tokens offer low transaction fees with transparent payment services.
- Users get complete access to different tokens with a single unit.
6. How to Earn Money Through Token Development?
- Business investors can generate money through licensing of DeFi tokens.
- Charge platform and transaction fees on various types of token and coin payments.
- Apply interest on token lending and loans on digital assets.
7. Why is Dev Technosys Preferred for Developing DeFi Tokens Like SafeMoon?
- We are a leading crypto token development company with a fast development process.
- Our blockchain token developers are highly skilled in creating DeFi tokens like SafeMoon.
- They provide complete and constant technical support with market assurance.