Safe Moon Coin Market Cap
Cryptocurrencies are in trend, and people are considering them for investment. Cryptocurrencies and decentralized finance tokens are indeed risky, and they can go up and down both. So, one has to be very sure before investing in any such market. Currently, DeFi tokens are in the news, and one such whose market cap is increasing at an incredible speed is “SafeMoon.” It works on blockchain technology.
What is SafeMoon?
SafeMoon is a DeFi (Decentralized finance) token that is attracting people. It was launched in Mid-March 2021, and within a short time, it has gained a good hike. The SafeMoon protocol is working on three protocols: Reflection, LP acquisition, and Burn-In. Based on the website and Twitter profile John Karony is the mastermind behind SafeMoon.
SafeMoon is the most searched cryptocurrency today, and it is why the market value has risen so high. So, people who are willing to invest in cryptocurrency with all risks must surely try out even SafeMoon.
What is the current Safe Moon Coin Market Cap?
Dogecoin, which is in the market for a long time, has also been affected by SafeMoon. SafeMoon has been in the market just before a month, but it has reached the market cap of $1 billion. As people are learning about this new DeFi coin, it can see good growth. In the last 30 days, SafeMoon has witnessed an increase of 7,618, making the market cap $2 billion.
How to buy SafeMoon?
Investors who sell out SafeMoon have to pay a ten percent penalty. This earning is again distributed to the participants who still hold the currency. It is a new way by SafeMoon to rewards its current investors. So, if you too are willing to buy SafeMoon, follow the given process:
- First, you need to Download Trust Wallet and account for it by filling in all required details.
- Next, purchase BNB (Buy Binance Coin) or BSC (Binance Smart Chain) and transfer it to your account.
- Navigate to the DApps tab, which is at the bottom, and look out for” PanCakeSwap.” One who is not on mobile can click on “Buy Now” on the website, while iPhone users have to enable the trust browser.
- Now select the currency and also enter the contact address of SafeMoon “0x8076C74C5e3F5852037F31Ff0093Eeb8c8ADd8D3”.
- Make sure to select the cogwheel to set the slippage. One must choose between 11-12 % as it should not be much higher.
- Lastly, set the amount to purchase and click on” Swap.”
- Make sure to confirm the transaction and get SafeMoon to your account.
- Why is Safe Moon different from other cryptocurrencies?
The DeFi industry is not for newcomers, but SafeMoon has changed it. SafeMoon would have static rewards under which investors are rewarded based on the traded volume. It means one who holds or long time will get its benefits giving stability to investors.
- Is Safe Moon safe?
Still, it is hard to say whether SafeMoon is safe or not as part of the crypto market. To get investors’ trust, the CEO of SafeMoon is conducting a session “Ask Me anything” to help people know more about SafeMoon. So, before investing, get thorough research and don’t get lured by its high market cap.
It is expected that SafeMoon will be listed in two exchanges, and so there are chances that investors can get good benefits from it. SafeMoon is in the news, and the cryosphere’s are investing in it, which is why it has reached such a high market cap. So, let’s wait and watch what more SafeMoon can give to its investors.