CoinMarketCap says SafeMoon crypto is a decentralized finance (Defi) token project with over 2.5 million holders, in excess of 50 million in locked liquidity, and a fully diluted market value of over 1 billion dollars. According to the SafeMoon project website, the project has three functions that are performed during each transaction.
- Reflection
- Liquidity Provider (LP) Acquisition
- Burn
The protocol of SafeMoon blends RFI tokenomics with a mechanism that has the ability to generate liquidity. Additionally, the Community governance of the SafeMoon protocol insures an even distribution of tokens among its users.
Those who have paid attention to crypto for any amount of time are familiar with the slogan “To the moon.” This slogan came to life because of the meteoric rise that many crypto launches have seen. SafeMoon has combined the “To the moon” thought with the thought of security. Hence, the name SafeMoon was born!
Features of SafeMoon Crypto:
SafeMoon works hard to bring people the safest, most reliable cryptocurrency around.
The following features were carefully chosen in order to provide users with a secure and easy-to-use cryptocurrency that is available on any device.
Wallet Lock Protocol
This protocol was designed to protect the wallet from tampering and theft. Unlike other coins, SafeMoon Crypto is not stored directly on users’ devices. Instead, a virtual key is generated that acts as a master password to enable access to the wallet.
Rewards and Fees
One of the attractive features of the SafeMoon token is its rewards. Accordingly, these rewards are not created out of thin air. Such a carless practice would devalue the token dramatically. The ingenious method for encouraging investors to hold their tokens is an attractive rewards system.
Each SafeMoon Token sale incurs a 10% fixed fee. As a result, the fees are divided as follows:
- 2.5% is converted into BNB via contract
- 2.5% is put into PancakeSwap and serves as a liquidity pair
- 5% is dispersed to token holders as rewards
Where To Buy SafeMoon Crypto
When it comes to buying crypto, there are numerous factors you must consider such as security, liqidity, managment, etc. We cannot cover these topic in detail here. However, we have several articles reviewing crypto exchanges on this site. You can find one of the most comprehensive reveiws here.
Those of you who follow my writings know that I primarily only recommend either Coinbase or Binance. Either of these two exchanges provides both a wallet and an exchange. Both Coinbase and Binance have solid reputations and regulatory compliance.
You can store SafeMoon on any ERC20-compatible wallet.
Problems SafeMoon Solves
SafeMoon helps to create a new, more sustainable model for cryptocurrency. This model is designed to encourage people to hold onto their tokens and stake them, rather than trade them. This is a way to make sure that the currency is more stable, and will maintain long-term value.
Furthermore, the SafeMoon team has made other improvements to the currency so that it is easier to use and more secure. There are primarily two types of wallets where you can store your money. Firstly, and the most well-known crypto wallet type is an online wallet. As the name suggests, this type of wallet is accessible anywhere you can connect to the internet. Secondly, for those who are looking to hold coins long-term and maximize security, there is the hardware wallet option. This option is simply a solid-state drive that is not connected to the internet.
The project team is working on the integration of SafeMoon with several popular exchanges. However, the two exchanges that I recommend; both Coinbase and Binance are already connected!
SafeMoon has spent great effort to insure the cryptocurrency market remains stable. The team’s vision is to enable people can do their investing with confidence. SafeMoon wants to help people who invest in cryptocurrency by rewarding those who hold the token and helping to keep the market stable. These are the active steps that the project has taken to reduce the problem of market volatility.
SafeMoon Technical Info
- Token Name: SafeMoon (SMN)
- Platform: Ethereum ERC20 (ETH)
- Ticker: SAFE
- Token Standard: BEP-20
- Bockchain: Binance Smart Chain
- Token Type: Governance, Utility
- Maximum supply: 10 Quadrillion
- Fair Launch Supply: 77.7%
- Burn Dev Tokens: 22.3%
Why buy SafeMoon Crypto?
- SafeMoon can be used to trade, stake, and earn rewards. Hence, when staking SafeMoon holders earn a percentage of the fees that are generated by the protocol.
- SafeMoon can be used as a currency to purchase goods or pay for services on the platform.
- Cryptocurrencies are highly speculative, and SafeMoon is no exception to the rule. You must do your research before purchasing your coins. We are here only to provide valuable information but your financial advisor can evaluate your goals and objectives. Always seek professional financial guidance.
Conclusion
The popularity of SafeMoon is rooted in the fact that it maximizes security, rewards holders, and penalizes sellers. The rationale is to encourage investors to hold the currency long-term.
If you are in search of a new approach to crypto investing, SafeMoon may be the Holy Grail that you are looking for.
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Further, if you have the patience to digest the white paper you can find it here.
