How to invest in safe moon
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info. Cryptocurrencies have been propelled to superstar status over the last month or so, with rogue coins surging off the charts and outgrowing even established tokens such as Bitcoin and Ethereum. Dogecoin has led the charge, backed by Elon Musk and his legions of Twitter followers.
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- How to Buy Safemoon on Trust Wallet
- SafeMoon Price is on the uptrend: Is this the right time to invest?
- How to Buy SafeMoon (SFM)
- A Complete Guide To Safemoon: How To Buy Safemoon Crypto & FAQ
- How to buy SafeMoon — the easiest way to buy the lunar-inspired crypto
- What is SafeMoon and can it safely reach the moon?
How to Buy Safemoon on Trust Wallet
You may have already heard about SafeMoon, a cryptocurrency created earlier this year that has been doing the rounds on Twitter, Reddit and in the pages of various newspapers.
Just what the hell is going on? SafeMoon is a cryptocurrency token that promises potential investors the moon—that is, when a token reaches a sky-high value. SafeMoon is designed to discourage selling by levying a ten percent tax on sellers. Of that ten percent tax when someone sells their SafeMoon, five percent is distributed back to current holders, and the other five percent is destroyed, reducing the supply and supposedly driving up the price.
In other words, SafeMoon openly exhorts its investors to convince others to pile in and hold, a dynamic that is inherent to pretty much all cryptocurrencies, to a degree, but which hype-hungry SafeMoon takes into Herbalife territory. It even has merch. SafeMoon launched in early March , has not yet been listed on any major exchanges making it only possible to buy via a pretty complex process involving another token and a swap , and has produced an entirely speculative roadmap which includes plans to expand into Africa and the U.
The price is going through the damn roof! That tweet generated five thousand likes, with hundreds of people commenting under it asking desperately how to invest in the coin, which since last week has already lost over three quarters of its value. Keem is not alone in promoting SafeMoon, either: rapper Lil Yachty 5. SafeMoon, however, has not seen smooth sailing. According to Colin Platt, a cryptocurrency researcher and the chief operating officer at Unifty, a marketplace for NFTs, SafeMoon is exploiting mechanics and buzzwords from the trendy world of decentralized finance DeFi to promote what is plainly a get-rich-quick scheme built on a messy mish-mash of code.
Critically, DeFi projects aim to be pretty much entirely automated, letting code fill in the place of a human behind a desk making decisions. Frequently, DeFi projects are just get-rich-quick schemes veiled in glossy, impossible-to-parse technological language. But at least some are, genuinely, striving for a higher purpose. With SafeMoon, there is only the promise of easy riches, and a technological base layer which is surprisingly arcane.
Finance, for instance, which pioneered rewarding holders; other elements of SafeMoon have been similarly appropriated.
The wild world of cryptocurrency is no stranger to complex schemes that aim at generating huge returns. Some of these, like Bitconnect, are flatly fraudulent. What is undeniably brilliant about SafeMoon is that it couches the promise of wild gains in language which is at once high concept and transparently superficial. Sign In Create Account. SafeMoon is megaviral, has famous fans, and promises investors eventual riches. For some, the risky investment sounds like it's just too good to be true.
April 28, , pm. Ben Munster. Edward Ongweso Jr. Tagged: cryptocurrency Lil Yachty defi crypto jake paul keemstar safemoon. Your Email:.
SafeMoon Price is on the uptrend: Is this the right time to invest?
Not only there are over 7, cryptocurrencies available on the market today but more are getting added daily as well. Bitcoin and Ethereum are very popular coins and they became successful with massive valuations. Safemoon is also one of the newest cryptocurrencies. Safemoon has taken the world by storm by quickly rising to be the third-largest token of Binance by market capitalization.
How to Buy SafeMoon (SFM)
Launched in the spring of , safemoon has become the latest cryptocurrency to make the headlines. It was designed to take some of the volatility out of the crypto market and reward long term token holders. Coming hot on the heels of digital currencies such as bitcoin, cardano and dogecoin , safemoon protocol launched in March The altcoin already has more than two million users investing in it. On April 20, the crypto exchange Binance had to suspend withdrawals temporarily because it was inundated with investors in safemoon. Binance has now been blacklisted by the financial regulator. There are lots of digital currencies. If you want to know more about Worldcoin and whether it is worth buying check out our article here.
A Complete Guide To Safemoon: How To Buy Safemoon Crypto & FAQ
The cryptocurrency market is currently at its peak. All major cryptocurrencies have been reaching all-time high prices in increasingly faster time spans. Cryptocurrencies like Dogecoin, Safemoon have made crypto accessible to the general public. The crypto space is experiencing a powerful bull. A lot of new currencies with the aim of making profits are also being added to the crypto world.
How to buy SafeMoon — the easiest way to buy the lunar-inspired crypto
When it comes to cryptocurrencies , there are more than you can shake a stick at, with new digital coins surging and crashing overnight. But, as with any investment, and especially with cryptocurrencies, you can lose all of your money if you put it into highly speculative assets like these. SafeMoon was launched on March 8, , and its newness to the cryptocurrency world means that not too much is known about its long-term value and underlying technology. The joke cryptocurrency dogecoin was created in as a light-hearted take on bitcoin. But in the wake of Reddit retail investors taking on established Wall Street types, the cryptocurrency began to rally.
What is SafeMoon and can it safely reach the moon?
SafeMoon and HUH Token have both provided an excellent example of how to successfully start a cryptocurrency. As a consequence, there will be a slew of optimistic crypto developers out there emulating these successful launches in the hopes of replicating them. SafeMoon holders received massive profits in only a few months, and HUH Token is on course to offer the same, if not more. SafeMoon Protocol is a cryptocurrency that is utilised in decentralised finance DeFi. According to its website, SafeMoon performs three roles throughout each trade: reflection, LP acquisition, and burn. As a result, SafeMoon had a large supply and very cheap pricing.
The token first released in March SafeMoon is one of the most popular new cryptocurrencies of , but can you buy the currency on the Coinbase or Binance exchanges? Binance and Coinbase listings remain a coveted goal for new cryptocurrencies such as SafeMoon.
Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. These offers do not represent all available deposit, investment, loan or credit products. With over 9, cryptocurrencies available on the market today and more getting added daily, it can be tough to know which ones to research and invest in. Popular coins like Bitcoin and Ethereum have taken the world by storm, with massive valuations. But not all cryptocurrencies will be successful.
Things change rapidly in the cryptocurrency world. People are looking for different alternatives, and they have also found one, i. Although there is a fear and uncertainty about crypto, thus people are looking for more tried and trusted coins like Bitcoin, Ethereum. But, what about people who want to invest in small numbers? Thus, many investors have a question in mind, how to buy a SafeMoon coin safely?
We explain what you need to know about SafeMoon and how its price is predicted to change in But first, a word of warning: buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business. Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money.