SafeMoon. Is this the next big thing? Or is this part of the hype-train generally caused by new cryptos? I've been hearing about this a lot so I had to take some time to do a little research myself into what this is all about. Shoot, even celebrities and influencers are making this gain more momentum. Let's take the time to talk about SafeMoon, what they are offering, and what this could possibly mean for the future.
Before we start, I would like to say that I am in no way sponsored or getting paid by SafeMoon for writing this blog.
I stumbled upon the SafeMoon website at https://safemoon.net/. Their website features a clean design and is pretty user-friendly. One of the first things that pop out is a Live Chart that directs you to their token value on dex.guru. They also display the current value of the token directly on the front page of the website, if you decide that dex.guru is a lot to look at. According to the website, SafeMoon is currently hosting a fundraiser to gather funds to start "The SafeMoon Exchange". SafeMoon CEO, John Karony (Twitter Page), states that the application of tokenomics across all your cryptos is what makes The SafeMoon Exchange great. John states that on their exchange, you will be able to hold any of your cryptos and be rewarded for it in that same crypto. At the time of posting this, they are more than halfway to their goal of $1,000,000 USD to begin building the exchange.
Their "SafeMoon Protocol" states that three different functions happen with every transaction: Reflection, LP Acquisition, and Burn. SafeMoon states that if you just hold on to SafeMoon tokens, 5% of all trades are redistributed to holders of the token. Also, another 5% of all trades are auto-locked inside LP on PancakeSwap. These are taken from the transaction fees. They pride themselves on being a safe and simple DeFi (decentralized finance) token backed by powerful tokenomics that is 100% community owned and driven.
At the time of writing this, SafeMoon is valued at $0.000000912.
You can follow SafeMoon prices here on CoinMarketCap
With SafeMoon gaining traction from celebrities and influencers Lil Yachty and KeemStar, the token has risen 933.04% in the last 30 days; 24.19% within the last 24 hours. The foundation stated that they are currently working on getting established on WhiteBit in the near future and, into Q2, plan on releasing their own wallet, app, and games. Q3 they are going to attempt to integrate with Coinbase, Binance, and Kraken. They plan to launch their exchange (The SafeMoon Exchange) by the end of Q4 2021.
Since SafeMoon isn't integrated with a lot of exchanges, people are saying that it is actually easier to swap them to obtain them at this time. Even SafeMoon themselves tell you exactly what you need to do you obtain the token here on their website. This will be an interesting crypto to watch, especially with the momentum it already has and continues to build.
This is not financial advice, only research on facts from the sources down below to make it a little easier for everyone to get this information.
I will reiterate that I am not sponsored or paid by SafeMoon to publish this article.
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