In less than two months since his birth, safe moon shot over 1 Million percent in the amount of
Dogecoin may have made headlines recently, but now another coin seems to be on everyone’s lips. Safe moon has struck Dogecoin and cryptocurrency, the googled the most common and the most tweeted for three days in a row.
Although SafeMoon is barely two months old, according to CoinMarketCap, the cryptocurrency already has a market capitalization of around $ 7 billion. Since the start of trading in 0,000000001 US dollars, the price of safe moon has risen by an incredible 1.1 million percent on 0,00001095 US Dollar.
Yesterday alone, prices rose by more than 50%, while SAFEMOON’s 24-hour trading volume has risen by 124% since yesterday.
What is safe moon?
Safe moon is a decentralized Finance Protocol (DeFi), the at 8. March 2021 was launched by CEO John Karony to life. The project claims that it was 100% community – driven and started fairly-because the development team burned all the tokens before the launch.
Safe moon works with constant rewards instead of high effective annual interest rate for a pool of Liquidity farms. This should create an incentive for users to keep their SAFEMOON and ease the selling pressure of early adopters who sell their tokens after accumulating very high annual effective interest rates.
For each safe moon-transaction, a fee of 10% will be charged half of which is redistributed to all the safe moon-holder. The other 5% will be used to provide a liquidity pair on PancakeSwap, with one half buying BNB and then pairing it with the other half.
What is behind the rally?
Many investors seem to be attracted by SafeMoon’s innovative tokenomics, which rewards token holders and makes the sale unattractive. Probably project developments have also played a role. So safe moon this month the opening of a private exchange announced and announced that a safe moon will be listed in the coming weeks to two other exchanges.
The Hype about the safe moon in the social media seems to have the Token with a wider audience. Plenty Twitter users express themselves positively about the Coin and the Twitter Account of the safe moon Protocol already has almost 300,000 followers.
Where can I buy safe moon?
Although the project is still in its early stages, more and more investors want to participate. SAFEMOON is far from being listed on all stock exchanges. So before you embark on a lengthy search-here are a few exchanges that are already selling it:
The DeFi application pancake swap was launched in September 2020 for anonymous and decentralized exchange is the exchange of BEP20 Token on the Binance Smart Chain. It uses an automated market maker model instead of order books, and its users can make money by providing liquidity for pools. More than a third of the safe moon volume is traded on pancake swap, where the Token with WBNB or BUSD can be bought.
BitMart was launched in 2017 and supports spot trading, OTC trading and USD trading. The platform offers both an easy-to-use and a more sophisticated user interface with access to a wide range of trading tools as well as trading futures contracts with up to 100 times the leverage. BitMart trades 57% of SAFEMOON’s trading volume, and the token can be purchased there with USDT.
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