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What does SafeMoon Crypto do?

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What does SafeMoon Crypto do?

SafeMoon was designed to incentivize long-term investing and punish selling. Any investor who sells is charged a painful 10\% fee. Half of that fee is added to a liquidity pool to support price stability. The other half is distributed to SafeMoon’s existing holders.

What is SafeMoon protocol?

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.

Is SafeMoon a meme coin?

Like Shiba Inu, SafeMoon is considered a meme-coin that largely trades on social media sentiment. And like most meme coins, SafeMoon trades for fractions of a penny and can be quite volatile. The SafeMoon token can be purchased by first buying Binance Coin (BNB).

Where can I get SafeMoon?

Where to buy safemoon:

  • Download the Trust Wallet App – available on App Store, Google Play or Android.
  • Purchase one of two available established cryptocurrencies: binance or bowscoin.
  • Click on the DApp tab on the Trust Wallet app, which enables you to find decentralised applications and look for PancakeSwap.
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Can you swap Usdt for SafeMoon?

To swap Tether USD to Safemoon, you need to move to the exchange widget: In the widget, choose the coin that you want to exchange and the amount of coins. Choose the crypto to buy. The system will check the best USDT to SAFEMOON exchange rate, and the exchange procedures will be completed.

How legit is Dogecoin?

Technically, Dogecoin isn’t a scam. It’s simply another cryptocurrency that has gained attention from the masses. Fundamentally, Dogecoin isn’t a good investment – other cryptocurrencies outperform Doge in just about every way. Dogecoin is listed on Robinhood, making it easily accessible to retail investors.

What to know about safemoon?

Safemoon launched with 777 trillion tokens. Safemoon has a large supply and a very low price.

  • There’s a 10\% fee for selling it. The most unique feature with Safemoon is that sellers pay a 10\% fee.
  • The developers manually burn Safemoon tokens.
  • The price shot up by over 20,000\% — and then fell back to Earth.
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    How does safemoon work?

    How does Safemoon work? Safemoon is a cryptocurrency, which are digital currencies that exist solely online and hope to be used as a medium of exchange. Like more popular cryptocurrencies such as Bitcoin and Ethereum, Safemoon is powered by distributed ledger technology such as blockchain.

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