After months of being under wraps, Mandala Exchange has revealed that it will list Safemoon (SFM) on its platform in 5 days, on the 10th of May, 2022.
Safemoon’s Mandala listing was first scheduled to be released on the 15th of February, 2022. The date was then moved to the 17th of February. However, due to technical issues, the listing was again postponed without a fixed date.
However, after months of waiting, Mandala has finally given Safemoon fans a listing date. Users and investors have been eagerly waiting for the Mandala listing, and this news is surely bound to pick their spirits up.
The listing may attract new SFM investors, and the trading volume for the DeFi-token is projected to increase. Safemoon has almost 3 million holdings, and with the Mandala listing, this number is likely to increase.
Global tokenomics for Safemoon
Mandala will be the first exchange to have global tokenomics for Safemoon. Those who wish to trade the DeFi-token on the platform will be subject to a 10% SFM tax, as well as an additional Mandala fee. The standard trading charge in Mandala is 0.1%, although it might go higher based on the user’s transactions.
Users that trade and hold their SFM on Mandala can earn SAFU funds as a result of global tokenomics. Additionally, investors can receive passive income from their trades by collecting their 4% global SFM reflections. The procedure is similar to holding SFM on MetaMask, except Mandala allows users to get reflections even though it is an exchange.
Back when the listing was first planned, the Mandala website read,
”Mandala Exchange will be the first CEX to adopt SafeMoon V2 Global Tokenomics. Traders will be taxed the standard 10% SafeMoon V2 tax as well as a Mandala trading fee, depending on what $MDX locking tier you are in (Base trading fee is 0.1%, traders can receive up to 35% off trading fees by locking Mandala native token, $MDX),”