SafeMoon is one of the fastest-growing and newly released virtual currencies available today. Currently, in a market that has seen Ethereum and Bitcoin reach record high values on reputable virtual currency exchanges. Most significantly is the remarkable growth of Dogecoin, with an increase of more than 11,000%. The cryptocurrency market is more vibrant than ever. So, let’s go with mangtienao.com to find out what SafeMoon coin is? To make the right investment decision for you!
Learn about Safemoon coin
SafeMoon coin is an altcoin: A blockchain-based cryptocurrency similar to Bitcoin, but with a few noticeable differences. Launched in March 2021 and it already has over 1 million users. A unique feature of SafeMoon virtual currency is to charge 10% for merchants. And then proceed to split 5% of this fee redistributed to all other SafeMoon holders.
Features of Safemoon
The mechanism of controlling token burning and levelling up by achievement helps it keep the community rewarded. They also can monitor the conditions of combustion and quantity.
Static rewards solve many problems. First, the amount of the conditional bonus depends on the volume of tokens that have been traded. This operating mechanism reduces some of the selling pressure on the token. Second, this mechanism will incentivise investors to hold their tokens to obtain higher support. This support is based on the percentage of transactions made and depends on the total number of tokens held by the holder.
Automated Liquidity Pool (LP)
First, the contract will attract tokens from buyers and sellers. And then add these tokens to the LP to create a solid crypto- currency base.
Second, the Penalty Fee acts as a hedge against arbitrage. That is to secure the Safemoon volume as a reward for its holders. In theory, LP is added to create stability.
LP will be provided by adding fees to the overall liquidity of the token, thereby increasing the overall LP of the token and support of the token’s floor price. This is different from the burn feature of other tokens available on the market, which only benefits in the short term from reducing tokens generated.
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Basic Safemoon token information
- Token Name: Safemoon
- Blockchain: Binance Smart Chain
- Ticker: SAFEMOON
- Contract: 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
- Total Supply: 1.000.000.000.000.000 SAFEMOON
- Token Standard: BEP-20
- Token Type: Utility
- Circulating Supply: 585.641.888.804.497 SAFEMOON
Safemoon Token Distribution
- Evenly Distribution: 77.7%
- Burning: 22.3%
What is the Safemoon token storage wallet?
You can store Safemoon tokens in the wallet below:
- Trust Wallet
- Exchange wallet listed Safemoon
- Coin98 wallet
Where to buy and sell Safemoon tokens?
Currently, Safemoon is traded on many different reputable coin exchanges with a total daily trading volume of about $248 million.
The exchanges that are listing these tokens include:
Through the above article, you probably know what the Safemoon coin is? Just as you have somewhat grasped the basic information about this coin project, make your own investment decisions. This is a trending shitcoin project, so you must consider it before investing in the project. Good luck with your investment.