What makes SafeMoon crypto different? Everything you need to know

 

SafeMoon Coin
Image Source: Crypto News Flash

SafeMoon is a cryptocurrency that has become quite popular in a short period of time. It’s difficult to know, but it’s worth getting in now before it’s too late! 

SafeMoon is a cryptocurrency that has been gaining popularity recently. According to Utah Business, the currency already has over 2.9 million holders after its original debut in the first quarter of 2021.

Dogecoin and Shiba Inu are two prominent meme coins that Safemoon is taking on. The so-called Safemoon Army, like the other memes, has acquired a large following.

What is SafeMoon cryptocurrency? 

SafeMoon, a BEP-20 coin, was created on the Binance Smart Chain (BSC) ecosystem. The Binance Smart Chain ecosystem is a centralized finance (CeFi) rival to Ethereum’s decentralized finance (DeFi) ecosystem.

SafeMoon was launched in March 2021 to allow everyone to get involved in the world of cryptocurrencies early while still establishing value and getting accepted by businesses worldwide.

 SafeMoon’s goal is to be traded on exchanges and used as a payment method for various products, services, and even physical shops!

 

What makes SafeMoon unique from other currencies? 

SafeMoon has some extraordinary features compared with many existing coins or tokens: A patent-pending algorithm called “Proof Of Trust” calculates user trust scores based upon their wallet balance history. 

An automated affiliate program can earn SafeMoons simply by referring others who hold more than 0.01 SafeMoons. SafeMoon has a planned physical debit card. You can use SafeMoons to pay for goods anywhere Visa is accepted, including online stores. This will turn out to be a big step for this relatively new cryptocurrency. 

How does SafeMoon work? 

SafeMoon is a new-age cryptocurrency. It offers coins that you can use to store your cryptocurrency. SafeMoons is operated by SafeTrade, which has a mission of supporting cryptocurrencies for everyone around the world through decentralization and transparency. 

SafeTrade provides free SafeCoin wallets to all users with an easy-to-use interface where anyone can send or receive SafeCoins.

SafeTrade has a very active SafeCoin community where you can communicate with other users. And ask questions about SafeCoin or SafeMoons, helping to build an open cryptocurrency ecosystem together. 

What is the future of SafeMoon? 

Investors appear to be drawn to innovative DeFi technologies such as SafeMoon.SafeMoon certainly isn’t going away anytime soon. 

With their recent technology developments that make SafeCoin a reliable cryptocurrency, SafeMoon is expected to have a bright future. SafeTrade has also been working on SafeCard, which will help SafeMoons become more widely accepted by businesses worldwide! 

Wallet Investor has put together a table with possible pricing for 2021.

SafeMoon Pricing Table 2021
Image Source: WalletInvestor

We can notice an overall good mood surrounding the token from this table, as well as other similar publications.

SafeMoon has a promising future view that could last up to 5 years. The coin’s value might rise by as much as 2,500 percent by 2026. Keep in mind, however, that such long-term estimates are based solely on previous performance and place little attention on fundamental factors.

Why should You Invest in SafeMoon Coin? 

If SafeCoin is the next big thing, then SafeMoons is your best chance of getting involved at an early stage. SafeMoon has already seen a steady climb in price since its inauguration and will continue to grow as SafeTrade continues its work on new features. 

SafeMoon Price Climbing Chart
The value of SafeMoon has surged since it launched.         ImageSource: CoinMarketCap

SafeCoins have some great benefits that you can look forward to. SafeMoons can purchase SafeCoin directly through SafeTrade, a cryptocurrency exchange that offers some of the lowest fees in the industry.

SafeCoins are ASIC resistant and deliver more efficient mining results with GPU-based miners than other coins such as Bitcoin. SafeMoon has no max coin supply limit, meaning there’s going to be SafeMoons for everyone! 

SafeCoins are also very secure and offer an excellent level of transparency. It is one of the most decentralized currencies because it does not have a single point to attack. This means no one can ever control your SafeCoin wallet or freeze any transactions you make with SafeMoon. 

Please make sure you only invest as much as you are willing to lose if SafeMoon takes a downward turn after its initial rise! One thing is sure, though – it’s worth it to get SafeMoons now while they’re still cheap and easy to get. 

We cannot say much about the future. But, SafeTrade has an excellent track record so far, and SafeCoin is certainly a cryptocurrency worth keeping your eye on.

Security and other things to consider SafeMoon Wallet offers two-factor authentication biometrics and by partnering with Anonymous Key Technology. All these features ensure that your money is safe in this wallet! 

SafeMoon has been trending on social media. The most valuable part about it right now could be its branding. Top-performing coins like Bitcoin (BTC) and Ethereum (ETH) have had successful brands thanks to viral memes spread across the internet. 

Without any significant technological advantage over these other cryptos, SafeMoon may rely heavily on long-term success simply in maintaining popularity with users online via regular posts from their Social Media handles. 

SafeMoon was designed to be a passive income generator. It charges any investor who sells 10% of their shares, which are then added into the pool for price stability. And distributed at different intervals depending on how much they’ve held during periods where selling pressure increases or decreases.

To generate an attractive incentive for long-term investments that punishes those looking for only short-term gains. SafeMoon is one of the most buzzed-about cryptocurrencies in recent weeks, thanks to endorsements from high-profile online influencers like Barstool Sports founder Dave Portnoy and social media celebrity Jake Paul

Dave Portnoy
Image Source: YouTube Images

So far, their support has cushioned the coin’s valuation, which should continue as long as those names keep on talking up its good reputation. 

Essential Things to Know About SafeMoon 

Some unique features make any cryptocurrency stand out from the rest. Let’s look at some such features of SafeMoon: 

  1. SafeMoon initially had one quadrillion tokens, but the developers burnt 223 trillion of them before launch. 
  2. There is a 10% fee if you want to sell your SafeMoon tokens. Developers manually burn SafeMoon tokens to raise prices and reduce the supply. 
  3. Since its launch, SafeMoon has kept a robust Social Media campaign, making it the brand that it is today. 
  4. Every cryptocurrency has its ups and downs; similar happened with SafeMoon in the initial days when it raised 20000% but came back to normal soon after. 
  5. You cannot purchase SafeMoon directly from cash; you have to buy another currency first to swap it with SafeMoon. 
  6. 5% out of the 10% fee charged for selling it goes to all the holders who don’t sell, making it an excellent passive income source. 

Like any other cryptocurrency, SafeMoon comes with its risks and flaws; take expert opinion before deciding on it. 

If you want an investment that is low risk and also offers the potential to generate passive income, SafeMoon is worth considering. SafeMoon relies on blockchain technology and cryptocurrency trading to keep its value stable over time.

Although SafeMoon has not seen much success so far. But this could change as more people get involved with cryptocurrency investing and realize they need a diversified portfolio of coins. Safemoons’ price stability feature may make it one of the best options out there when it comes to crypto investments!

Thank you for reading. If you loved reading it, please read our other posts on crypto, and don’t forget to share your views in the comment section.

Disclaimer: This post is not intended to be construed as an investment recommendation. This data is only offered for educational purposes. The author is not a financial advisor, and his views are solely his own. Because cryptocurrencies are highly volatile assets, they pose a risk. So, when it comes to crypto investing, be sure to consult your financial advisor.



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