![]() ![]() But that was just the beginning and on April 20 SAFEMOON's price hit the all-time high of $0.0000118, showing 375% value growth in just 2 days. In the next 3 days, the price more than doubled, skyrocketing to $0.0000029. The price stayed around the same level for the following weeks, then went down 50%, and on April 16 was traded for $0.000001. It caused the price to reach $0.0000015 in less than a month, increasing the overall excitement around the new token. Thanks to the team’s marketing efforts the project soon gained lots of attention from the crypto enthusiasts. Safemoon has been launched a year ago, on Mawith an initial price of $0.000000001. There are also multiple celebrity endorsements - such as Diplo’s - to take into consideration. On the other hand, the dev team burned their tokens to ensure a fair launch, and overall they seem accessible and eager to answer any question to alleviate the doubts. Safe moon price manual#Those doubts were fueled further by the announcement that the team is going to execute manual burns instead of algorithmically defined ones – many feel that this gives the team too much control. This unusual mechanic raised some concerns about the possibility of Safemoon being a scam. As stated by the founders, this commission works both as a penalty for speculators, rewarding long-term holders, and as a way to ensure liquidity and provide static rewards for those holders. Half of this commission is distributed between all the holders, and the other half is partly locked into a smart contract and partly put into a liquidity pool. There is a fee paid by the token holders out of every trade - a 10% commission. Safemoon doesn’t have any unique use cases, i.e, it’s simply a cryptocurrency, but it does have some interesting features. It launched in March 2021 and quickly became one of the most hyped meme coins. (Description provided by CryptoCompare.Safemoon is a token circulating on Safemoon protocol – a DeFi project designed to help democratize yield farming. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.SafeMoon launched on Mar. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.SafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. ![]() 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. SafeMoon Protocol is a decentralized finance (DeFi) token. 7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.7 Mid-Cap Stocks That Can be the Perfect Fit at Any Time.7 Stocks to Buy to Outrun Rising Interest Rates.7 Sports Betting Stocks to Buy for Their Long-Term Possibilities.7 Water Stocks to Buy as the World Dries Up.7 Solar Stocks Leading the Clean Energy Boom.7 Railroad Stocks to Keep Your Portfolio Chugging Along.7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.7 Cash Rich Stocks That Offer Safety in Any Market.7 Small-Cap Stocks That Could Rocket Higher in 2023.Why is Kraft Heinz Stock Moving Higher? It’s a Great Bargain.Kimberly-Clark Products Post Weak Quarter Despite Raising Prices.General Electric May be a Buy in the Right Portfolio.Will Livestream Auctions be the Gamechanger for eBay?.Strong Fundamentals Make Bristol Myers Squibb Stock a Real Value.3 Roughed-Up Dividend Aristocrats with Good Long-Term Prospects.Be Sure You Own United Parcel Service for the Right Reasons.Can Mid-Cap Lantheus Continue its 2022 Outperformance?.Zim Integrated Shipping Services Stock: High Yield or High Risk?.The One Question that Matters for Altria Stock.The Trader's Guide to Equities Research. ![]()
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