Safemoon website address

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Safemoon (SFM) Coin Trending After Launching on KuCoin

NEW cryptocurrency SafeMoon has gained popularity in recent days, but there are a number of things you need to be aware of. SafeMoon has surged in value after launching on March 8 this year. Its founders are based in various cities across the US, but so far very little is known about the new cryptocurrency.

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.

Cryptocurrencies and decentralised finance tokens are also highly volatile, so your cash can go down as well as up in the blink of an eye. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank.

Its Facebook page states: "Remember, getting to the moon takes time and the longer you hold the more tokens you pick up. Experts warn that these can sometimes be a sign of a scam and make it a very high risk investment. Laith Khalaf, financial analyst at investment platform AJ Bell, told The Sun that although long-term investment is encouraged, SafeMoon "doesn't sound too different from a pyramid selling scheme". We explain how to spot them. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, also said SafeMoon's name alone "should ring alarm bells".

The SafeMoon website also promises a trajectory of growth for the DeFi token, but this is far from guaranteed, Ms Streeter added.

Investing is essentially gambling and there are no guarantees that you will see what you pay in go up in value. Cryptocurrencies are VERY high risk and a speculative investment, with limited track records and no underlying value. There is also no guarantee that you can convert crypto assests back into cash, as it may depend on the demand and supply in the existing market. It is unclear if Safemoon is legit.

Very little is known about it and this could mean that your money is at higher risk. Yet cryptocurrency firms aren't regulated in the way that other financial firms are, meaning you won't have any protection if things go wrong. Investing is always a risk but investing in cryptocurrency is an even higher risk as they are VERY volatile. UK crypto asset businesses must register with the Financial Conduct Authority - and you can check to see if they are on the Financial Services Register or if they are on a list of firms with temporary registration.

There is also a list of businesses not registered. If they are on this list then they may be operating illegally. Even if they are on the list the city watchdog is not responsible for regulating them and they don't have any power over how they conduct business with customers.

Meanwhile, an advert for a bitcoin exchange Coinfloor was banned last month for telling savers cryptocurrencies are a safe investment. People considering investing in Bitcoin or shares and stocks have also been warned over "risky" tips being shared on TikTok. Jump directly to the content. Sign in. All Football. Consumer protection : Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.

Price volatility : Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses. Product complexity : The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash.

Converting a cryptoasset back to cash depends on demand and supply existing in the market. Charges and fees : Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.

Marketing materials : Firms may overstate the returns of products or understate the risks involved. How to spot crypto scams. Promises of a high or guaranteed return - Does the offer look realistic? Scammers often attract money by making fake promises. Heavy marketing and promotional offers - If they are using marketing tricks to con customers you should beware. Unamed or non-existent team members - Just like any business you should be easily able to find out who is running it.

Check the whitepaper - Every crypto firm should have a white paper. This should explain how it plans to grow and make money. If this doesn't make sense, then it could be because the founders are trying to confuse you. Do your research - Check reviews online and Reddit threads to see what other people think. Most read in Money.

Iranian immigrant lost $53,000 in crypto hack, says he faces ruin if BitMart doesn't pay him back

Safemoon has launched the widely anticipated Safemoon V2, an upgrade of the previous Safemoon protocol contract. The upgraded Safemoon contract is expected to make the Safemoon DeFi project more competitive with the team calling it a Safemoon comeback. Safemoon V2 will be addressing three major things according to the team: changing the coin's consolidation formula to , increasing Safemoon contracts security, and making Safemoon tokens more accessible. With this upgrade, Safemoon community members are expecting that the Safemoon token will bounce back. But Safemoon V2 will have to compete with other DeFi projects like Bitrise, a coin that is mooning and already growing very popular with the crypto community.

The website itself says 'Safely to the Moon' which seems to tie in with In the 'to' box search for SafeMoon or use its contract address.

Urgent message for Safemoon holders – HUH Token revealed

SafeMoon is considered to be among the riskier investments in the crypto world. In the blockchain ecosystem, there are decentralized finance DeFi platforms and centralized finance CeFi platforms. The DeFi ecosystem is not regulated by a central bank but the assets show publicly on the blockchain network while in the CeFi ecosystem, assets are being handled through an intermediate exchange. During the second quarter of this year, the price of SafeMoon rose after receiving endorsements from celebrities such as rapper Lil Yachty, YouTuber Jake Paul and popular sports blogger Dave Portnoy. By market capitalization, SafeMoon is currently ranked th largest of all cryptocurrencies , according to CoinGecko, while CoinMarketCap currently ranks SafeMoon as the th most popular out of all crypto, as of publishing time. To find out why these two leading cryptocurrency ranking sites sometimes report wildly different dates and numbers, please see this Forkast. News explainer on crypto math and economics. SafeMoon is one of the crypto token standards designed to extend to Ethereum standards on the cryptocurrency ecosystem. Since inception, the coin now has more than 2. SafeMoon, like many cryptocurrency coins, is a highly speculative asset with no inherent value.

How To Buy Safemoon Protocol? Is The Newly Launched Safemoon The Next Big Cryptocurrency?

safemoon website address

Its rapid development trend is also very surprising. The crazy FOMO mood has completely inspired people to chase after safemoon, and a group of believers has continued their love for SafeMoon from online to offline just like the pursuit of Dogecoin back then, and their enthusiasm has even spread to the Chinese Internet. A growing number of people believe it to be a X coin. So why did safemoon go viral?

SafeMoon Swap is a frictionless yield and liquidity generation protocol that helps the token holders earn passive income while also enhancing the liquidity of the pool.

Safemoon: what it is and how to buy it

A new cryptocurrency called SafeMoon has been surging in popularity, with its price rising by more than per cent in the last 24 hours. Very little is known about the new coin, making it an even riskier investment than more established cryptocurrencies , but it has been very active on Twitter. SafeMoon is not technically a cryptocurrency. On its website it calls itself a DeFi token, which is short for decentralised finance token. Like cryptocurrencies they use blockchain technology.

To the moon and hack: Fake SafeMoon app drops malware to spy on you

A Safemoon billboard appeared in New York City's Times Square on Monday as the relatively new cryptocurrency has continued to gain traction. Thanks to the community who raised the funds to make this possible, we are overwhelmed with the billboard action across the globe In the digital billboard, the Safemoon logo can be seen above a line that states, "the world's fastest growing cryptocurrency. In addition to the post on the Safemoon Twitter page, the cryptocurrency also shared the video of the billboard on its Facebook page while supporters of Safemoon posted pictures and videos on the Safemoon reddit thread. You guys never cease to amaze me," Haines wrote in the tweet. This is absolutely incredible!! The videos and pictures of the billboard in Times Square come as Safemoon has continued to increase in popularity, after launching in early March.

Learn where to safely buy SafeMoon crypto, where and how to do it, create your account by providing an email address and password.

Legit or Scam? SafeMoon Facts and Due Diligence

Join us on Twitter or Telegram. Customize Settings Accept. According to data acquired by Finbold , the number of holders of the SpaceMoon token has increased by 25, In particular, the number of holders has grown since the start of the month, from 2,, holders on November 22 to 2,, on December 6, as per bscscan.

SafeMoon crashes 70% in a month yet adds 25k new holders in two weeks


Safemoon trc10 contract address. Compared with Token TRC10, TRC20 consists of more energy and bandwidth, and they bring additional possibilities in terms of functionality. Our ecosystem consists of financial services, … Collect more Diamonds by completing tasks. Higher throughput - Our system is capable of processing more than transactions per second.

What Happened: The newly launched protocol aims to build rewards for people who hold their tokens for a longer time and penalize those that choose to sell quickly. I turned 3k into 91k in 3weeks….

SafeMoon Crypto: 11 Things to Know as SafeMoon Prices Rocket 100% Higher

This incentivizes all hodlers and rewards people that stay on board. SMI Play powered by Enjin is an online metaverse gaming platform that allows users to earn cryptocurrency by playing games via play-to-earn. In-game token items are stored as Fungible or Non-Fungible Tokens on the JumpNet blockchain, you can either use them in games, sell on a marketplace or melt them to destroy them for cryptocurrency. SMI Play metaverse will launch with one game available - Moonshot Voyage, with more games to join it shortly after. Users can use their Ethereum address to access any game in the metaverse, the account is shared between games. SMI had its ownership renounced, which makes it virtually impossible to change contract code.

What Is SafeMoon? How to Buy the New Cryptocurrency

The crypto minnow, which currently carries a value of less than a thousandth of a dollar, has surged in value in recent days, is attracting fresh investor interest amid a stumble in the wider crypto bull market. While the crypto sector has found itself mostly on the back foot in recent days, one bright spot at the smaller end of the market is Safemoon, a new crypto launched in the first quarter of that has been gaining traction. Technically, Safemoon is not a cryptocurrency in the same way that Bitcoin is, rather it serves as a decentralised finance DeFi token.

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  1. Lamarion

    I see, thank you for the information.