SafeMoon is the latest cryptocurrency that is emerging in the headlines nowadays. It was launched in March 2021 and has been successful in attracting nearly 2 million investors. This guide on ‘Where and How to buy SafeMoon’ will make you aware of everything you need to know before investing in SafeMoon.
SummarySafemoon has been available since March 2021 and is a BEP-20 token built on the BSC (Binance Smart Chain). Further, it has risen as the third-largest token of Binance. It is a digital currency that is broadly similar to Bitcoin. Six core members of Safemoon including, Thomas Smith, John Karony, Hank Wyatt, Jack Haines, Jacob Smith, and Charles Karony, handle it. Furthermore, the Safemoon token holders also earn a passive income. Moreover, safemoon rank is 210 on coinmarketcap.
The SafeMoon deploys three accessible functions, which are Reflection + LP acquisition + Manual burn. Also, the transaction fee is 10% of the order, which you can further divide into:
The top cryptocurrencies exchanges that have SafeMoon are mentioned below:
WhiteBit HotBit Gate.io Pancakeswap BitBns Bitmart How to Buy Safemoon? Downloading Trust WalletYou can also read about Crypto wallet best practices.
Add SafeMoon to the WalletPancakeSwap is a crypto exchange platform that allows you to trade different cryptocurrencies like Safemoon and Binance Coin. If you are visiting the Binance innovative chain wallet, then follow the below steps:
The SafeMoon price is $0.000002 with a 24-hour trading volume of $9,406,092 as of the publication of this article, head over to coinmarketcap for live market price. Thus, the value of SafeMoon has been rising in recent times. Moreover, it has also been attracting attention from several investors who are willing to buy it despite the risk it carries.
Is SafeMoon a Good Investment?Investing in SafeMoon is entirely a personal decision to consider how much risk you would like to take. Moreover, the success of the SafeMoon depends on the team, whatever the community has built, and Binance. Therefore, before investing, you should perform profound research as little is known about the new token and the team who developed it.
The whitepaper of safemoon displays the following plans for its safety:
SafeMoon is a DeFi token that launched in March 2021. It is built on the Binance Smart Chain that uses proof of authority as its general agreement mechanism. Moreover, due to the centralization of the Binance Smart Chain, users have to rely on it for security. Investments in SafeMoon are highly speculative as it is an unproven project. You can easily buy SafeMoon from the following platforms:
WhiteBit HotBit Gate.io Pancakeswap BitBns Bitmart Frequently Asked Questions (FAQ) Is safemoon legit?Yes, SafeMoon is a legit coin. Moreover, coinmarketcap has ranked it at 211th position.
How many free tokens can I expect?It depends on the volume- during high trading times. The more you will hold, the more you get in return.
Should I sell or hold SafeMoon?The best line of action would be holding SafeMoon as selling it would attract a penalty of 10% fee.
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