Safemoon token how to#
Safemoon token upgrade#
Safemoon token code#

Learning how to invest in safemoon V2 might take you over a bit of a learning curve. However, the current safemoon V2 price is at $0.0006264 as of June 10, 2022, with a 24-hour trading volume of $1.49 million. Its peak price would have equaled $0.01399 following the consolidation.

Safemoon token upgrade#

The cryptocurrency had a 24-hour trading volume of more than $173 million on that day.įollowing the upgrade in December 2021, the currency was consolidated at a rate of 1,000 to one. This excitement pushed the original version of safemoon to reach its all-time high at $0.00001399 on April 20, 2021. Additionally, the leadership at safemoon promised to get involved in various ventures, including philanthropic endeavors and clean energy projects. Founders of the cryptocurrency positioned it as a crypto to hold since the fee structure is designed to distribute a portion of the trading tax sellers pay to those who hold the coin.Īs a result, people could buy a large amount of safemoon, hold it, and watch their portfolio grow as they benefited from that trading tax. Safemoon’s promise to establish liquidity pools and offer a safe way to transact further supported the excitement surrounding the cryptocurrency in 2021. Several cryptocurrencies, such as dogecoin (DOGE) and safemoon, increased in price under a campaign titled “to the moon.” Safemoon's holding philosophy The excitement that began with GameStop soon hit the cryptocurrency market since people could buy large amounts of new coins for a relatively small amount of money. On top of that, there was a lot of hype around safemoon in the wake of the GameStop short squeeze. The initial hype surrounding the safemoon token was about its relatively big trading volumes and high liquidity for a new coin after its launch in March 2021. This is a type of fraud where a person or a group of people sell as many crypto coins as possible before abandoning their crypto project. This includes allegations that its founders have been involved in pump-and-dump schemes. However, despite its promises, it’s important to note that there are currently accusations of fraud against safemoon. Safemoon uses four main events that happen with each trade to keep the cryptocurrency stable through a 10% tax: One of the unique features of safemoon is that it’s supposed to have a more stable value that should, in theory, make it a sustainable investment. The upgraded version of the currency also aims to develop decentralized finance (DeFi) applications, which operate on a peer-to-peer network without a central authority. This upgrade focused on blockchain technology expansion through metaverse development and non-fungible tokens (NFTs) production. Safemoon previously had the SAFEMOON ticker, but it began using the SFM ticker in December 2021 following an upgrade to safemoon V2.

Safemoon token code#

However, a recent exposé video by popular YouTuber Coffeezilla, known for uncovering crypto scams, claims that the cryptocurrency was created by Kyle Nagy, who copied the original code from a cryptocurrency called bee token (BEE). SafeMoon’s CEO is John Karony, a former analyst for the U.S. Safemoon was founded in March 2021 by SafeMoon US LLC, a private company currently headquartered in Pleasant Grove, Utah. Safemoon is a cryptocurrency or digital token built on the BNB chain - previously known as the Binance Smart Chain (BSC) - a blockchain created by the Binance exchange. Let’s take a closer look at this crypto.Ħ Unusual Ways Lazy People Are Boosting Their Bank Account However, investing in safemoon is challenging since it's not readily available on every major cryptocurrency exchange.ĭoes this put the cryptocurrency in a position suitable for early adopters? Reaching an educated decision requires learning how to invest in safemoon. Enthusiasts of this digital currency hoped it would have significant gains. One of the cryptocurrencies that generated interest in 2021 is safemoon (SFM). Such an investment might carry some promise if you get in on the ground floor of a coin that could potentially take off in the future. Investing in a cryptocurrency could be a simple way to have some stake in blockchain technology.