Safemoon Coin

The SafeMoon Protocol is a community driven, fair launched DeFi Token. Three simple functions
occur during each trade: Reflection, LP Acquisition, and Burn.

SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.

SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps.

SafeMoon launched on Mar. 8, 2021.

The popularity of this coin is Huge and we are expecting something BIG to happen in the near months.
Who knows maybe this is the next bitcoin….. Check out the graphs

Safemoon Coin

Who Are the Founders of SafeMoon?

John Karony is the CEO at SafeMoon, according to his Twitter profile.

What Makes SafeMoon Unique?

The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don't have easy access for newcomers to the space.

With SafeMoon, they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism“ adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoon Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoon manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.

The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin.

Where you can buy it ?

The top 2 choices :

  1. BitMart
  2. Trust Wallet ( PancakeSwap )

and many more exchange markets.

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