SafeGalaxy: SafeGalaxy Whitepaper

Hello friends! Today, let’s talk about a blockchain project called SafeGalaxy. However, before we dive in, I need to share an important background: In July 2021, SafeGalaxy officially upgraded and migrated to a new brand called GalaxyProtocol. So, what we’re introducing today is more about SafeGalaxy’s original design concepts and features, and how it evolved into the current GalaxyProtocol.

What is SafeGalaxy

Imagine you have a special bank card. Every time you use it, a small portion of your spending is automatically distributed to all cardholders, and another portion is automatically deposited into a public “piggy bank” to stabilize the card’s value. In the blockchain world, SafeGalaxy (ticker: SAFEGALAXY) is somewhat like the digital currency behind such a “special bank card.”

It was first launched in March 2021 on Binance Smart Chain (BSC). BSC is like a high-speed digital highway, enabling faster transactions and lower fees. SafeGalaxy’s core design is a “deflationary, static yield farming, automatic liquidity generating” token. Sounds a bit complex, right? Let’s break it down:

• Deflationary: This means its total supply decreases over time, like money becoming scarcer in the market, theoretically increasing the value of each unit.


• Static Yield Farming: Simply put, just by holding SafeGalaxy tokens in your wallet, you automatically earn more tokens—like earning interest from a bank deposit.


• Automatic Liquidity Generating: The system automatically locks a portion of transaction fees into a “liquidity pool.” Think of this as a huge pool containing two tokens, such as SafeGalaxy and BNB, paired together to ensure everyone can easily buy or sell SafeGalaxy without worrying about finding a counterparty. This mechanism helps keep the token market stable and active.

The typical use case for SafeGalaxy is to hold the token, earn rewards from transaction fees automatically, and enjoy the convenience of liquidity. But remember, SafeGalaxy has migrated to GalaxyProtocol, so what we’re discussing is mostly its historical design.

Project Vision and Value Proposition

SafeGalaxy’s original vision was to create a token ecosystem that rewards long-term holders and maintains market liquidity through automated mechanisms. The goal was to let holders “earn passively” and reduce risks from market volatility.

After migrating and evolving into GalaxyProtocol, the project’s vision became more ambitious. GalaxyProtocol aims to build a futuristic, innovative economic system where all transactions are digitally settled, allowing more people to benefit from the crypto world. Its core mission is to make decentralized finance (DeFi) more accessible and understandable for “crypto newcomers.” DeFi is like a financial system without banks, where people can directly lend, borrow, and trade. GalaxyProtocol believes the current DeFi space has a fundamental problem: “decentralized but lacking trust.” Therefore, it seeks to combine anonymity with regulatory trust mechanisms to build more trust in a trustless environment.

Technical Features

SafeGalaxy’s technical core lies in its smart contract design. Smart contracts are like self-executing protocols on the blockchain that automatically perform preset actions when certain conditions are met.

• Based on Binance Smart Chain (BSC): SafeGalaxy runs on BSC, enabling fast transactions and relatively low fees.


• 10% Transaction Fee Mechanism: This is SafeGalaxy’s most notable feature. Every SafeGalaxy token transaction incurs a 10% fee.


• Fee Distribution Mechanism: This 10% fee is automatically split by the smart contract into two parts:
  • 5% is immediately distributed proportionally to all SafeGalaxy holders. The more tokens you hold, the more you receive—like an automatic dividend system.
  
  
  • The other 5% is used to automatically generate liquidity. Specifically, half of this 5% (i.e., 2.5% of the transaction amount) is sold for BNB, and the other half (2.5% of the transaction amount) of SafeGalaxy is paired with these BNB and locked together into the PancakeSwap (a decentralized exchange) liquidity pool. This process is fully automated, requiring no manual intervention, ensuring continuous token liquidity.
  
  

This design aims to stabilize token value by rewarding holders and increasing liquidity, while reducing the possibility of large holders (“whales”) manipulating the market through massive buy/sell actions.

Tokenomics

SafeGalaxy’s tokenomics are at the heart of its operation.

• Token Symbol: SAFEGALAXY


• Issuing Chain: Binance Smart Chain (BEP20 standard)


• Maximum Supply: 1 Quadrillion (1,000,000,000,000,000) SAFEGALAXY


• Current Circulating Supply: According to CoinMarketCap, the self-reported circulating supply is 0 SAFEGALAXY, indicating that after migration, the token is no longer actively traded under the SafeGalaxy name.


• Inflation/Burn Mechanism: SafeGalaxy was designed as a deflationary token. While no explicit burn mechanism is described, “deflationary” typically means the supply decreases, for example, by burning part of the transaction fees or burning tokens during specific events.


• Token Utility:
  • Passive Earnings: As a holder, you automatically receive a share of transaction fees by holding the token.
  
  
  • Providing Liquidity: A portion of the token is used to automatically increase the liquidity pool, ensuring smooth trading.
  
  

Since the project has migrated, the SafeGalaxy token itself is no longer the focus of active trading; its functions and value have shifted to the GalaxyProtocol token.

Team, Governance, and Funding

The founder and CEO of the SafeGalaxy project is Spencer. After the project migrated to GalaxyProtocol, Spencer remains its core leader. GalaxyProtocol is a product under Cryptonite Technologies, Ltd.

Regarding governance, the original SafeGalaxy project documentation did not detail a decentralized governance model. In the early stages, to prevent developer “rug pulls,” the team stated that developer funds would be locked for five years to ensure long-term project development and investor confidence.

On funding, after launching in March 2021, SafeGalaxy attracted over 26,000 holders within a month, with a market cap peaking at $21 million, showing its early popularity.

Roadmap

SafeGalaxy’s development can be summarized in the following key milestones:

• March 2021: SafeGalaxy project officially launched.


• July 24–27, 2021: SafeGalaxy completed migration to GalaxyProtocol. This was a major turning point, marking a comprehensive upgrade in brand and direction.


• July 30, 2021: GalaxySwap launched. GalaxySwap is a decentralized trading platform within the GalaxyProtocol ecosystem.


• August 15, 2021: The Nebula Launchpad launched. This is a platform for new project launches, further enriching the GalaxyProtocol ecosystem.

In SafeGalaxy’s whitepaper (possibly referring to the GalaxyProtocol whitepaper or early plans), a “secret project: Authentic” was mentioned, which may relate to the project’s subsequent evolution and direction.

Common Risk Reminders

When learning about any blockchain project, especially one like SafeGalaxy that has undergone major migration, there are several common risks to pay special attention to:

• Project Migration Risk: SafeGalaxy has migrated to GalaxyProtocol. This means the original SafeGalaxy token may no longer be actively traded, or its value has shifted to the new token. Investors unaware of the migration may face asset loss or inability to trade.


• Liquidity Risk: Based on current information, SafeGalaxy tokens may no longer be actively traded on major crypto exchanges (centralized or decentralized). CoinMarketCap shows its circulating supply as 0, and CoinCarp and Coinbase also indicate it may not be purchasable or tradable. This means even if you hold SafeGalaxy tokens, it may be difficult to sell or cash out.


• Market Volatility: The crypto market is highly volatile, with prices potentially rising or falling sharply in a short time. As an early “reflection” token, SafeGalaxy’s price history has also seen dramatic swings.


• Information Asymmetry Risk: Since the project has migrated, detailed and up-to-date official information about the original SafeGalaxy may be hard to obtain, increasing information asymmetry risk.


• Not Investment Advice: All information above is for project introduction only and does not constitute investment advice. Crypto investment is extremely risky; always conduct thorough independent research (DYOR) and make decisions based on your own risk tolerance.

Verification Checklist

For any blockchain project, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address:
  • SafeGalaxy’s contract address on Binance Smart Chain (BEP20) is:
    0x6b51231c43b1604815313801db5e9e614914d6e4
    . You can check this address on BscScan and other block explorers to view token transaction history, holder count, etc.
  
  


• GitHub Activity:
  • No direct GitHub repository links or activity information for SafeGalaxy or GalaxyProtocol are currently available in search results. Typically, an active GitHub repo reflects project development progress and community engagement.
  
  


• Official Website and Social Media:
  • While SafeGalaxy’s original website may no longer exist or may redirect, you can try searching for GalaxyProtocol’s official website and its accounts on Facebook, Twitter (X), Reddit, and Telegram for the latest updates and community news.
  
  

Project Summary

SafeGalaxy is a project launched in March 2021 on Binance Smart Chain, attracting early attention with its unique “deflationary, static yield farming, automatic liquidity generating” tokenomics. Its core mechanism is a 10% transaction fee, half distributed to holders and half used to automatically increase the liquidity pool, aiming to reward long-term holders and stabilize the market.

However, SafeGalaxy’s story didn’t end there. In July 2021, the project underwent a major brand upgrade and migration, evolving into GalaxyProtocol. GalaxyProtocol inherited some of SafeGalaxy’s concepts and expanded its vision to build a more beginner-friendly decentralized finance (DeFi) ecosystem, attempting to address the “decentralization vs. trust” challenge in DeFi.

Therefore, when we talk about SafeGalaxy, we’re mostly reviewing a project that has completed its historical mission and evolved. The original SafeGalaxy token is no longer actively traded in the market; its functions and value have been carried forward by its successor, GalaxyProtocol. For anyone interested in this project, it’s strongly recommended to focus research on GalaxyProtocol and always keep in mind the high risks of crypto investment—conduct thorough independent research. This is not investment advice; please make decisions cautiously.