BSC Moonshot profiles: Safewolf


Unlike most of the coins I have profiled before Safewolf already has a huge number of holders (north of 80,000) and a relatively large market cap ($2.4 million), so why is it being profiled now? 

With the current market being significantly down across the board many smaller coins are flatlining and will struggle to survive and regain their market position with limited holders and communities. Already many coins which showed initial promise have been abandoned by their developers after struggling to attract new investors or in many cases have simply been rugged.

 

Safewolf seemingly has the kind of financial backing and holder base to traverse through the market dip without being too badly affected and while the price is down currently, the telegram community remains very active and the development team is constantly working on new exchanges and listings to increase the visibility of the coin. It was recently added to Hotbit and XT.com exchange for example, and applications have been made to coinmarketcap and similar sites. They are also launching a Safewolf wallet this month which again should help to garner interest and they also hold regular airdrops to easily and quickly increase the holder base.

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Similar to other coins with big backing then, Safewolf could easily take two zeros from its current price, and with the market down at the moment it is the best time to invest for big profits. Currently, at around a third of its all-time high price, this is one to watch over the next few weeks, and a safe moon or FEG style explosion in price is entirely possible.

The tokenomics are fairly straightforward with burn and reflection as most coins tend to have, this time to the tune of an 8% tax split evenly for a 4% burn and a 4% reflection. The white paper can be found here and details their model of vested tokens becoming unlocked with each wallet milestone, most of which they have passed already. Most of the unlocked tokens at each stage have seemingly been put straight towards marketing the coin and this incremental model seems to have paid dividends in terms of the sustained growth that the team has so far achieved.

According to their roadmap, they will also be launching their own swap service in the next quarter and are now focusing on marketing and exchange listings, with presumably Kucoin and the like being lined up next as they have already been added to the others they mention.

Of course, you should always do your own research before investing.

 

 

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Versyngetorix
Versyngetorix

Crypto investor, writer, lunatic.


Binance Smart Chain Moonshot profiles
Binance Smart Chain Moonshot profiles

A series of profiles of BSC moonshots with massive potential, unique selling points, low market caps, low number of holders, and room for massive future growth. These profiles are based on my own research and you should of course always do your own as well before investing.

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