This is the year that altcoins are taking center stage. SafeMoon seems to be one of the starring players and its influence in the cryptocurrency arena is rapidly expanding. SafeMoon is currently the most viewed cryptocurrency on CoinMarketCap. Launching less than a month ago, SafeMoon’s market cap currently stands at $1.30 B and has over 500,000 “hodlers” at this time of writing. So what sets the altcoin apart?
According to John Karony, the CEO of SafeMoon on the official website SafeMoon.net:
The SafeMoon Protocol is a community-driven, fair launched DeFi Token that employs three main functions: Reflection (Static Rewards), LP Acquisition, and Burn. The Static Rewards enable holders to earn passive rewards through static reflection as they watch their SafeMoon balance grow. That means the longer you hold and not sell, you gain more coins. Every time someone sells their SafeMoon, 5% of it gets reimbursed to current holders, 5% gets burned, and the rest released back into the pool. So, when people sell their SafeMoon, your amount increases and the value goes up.
BitMart listed SafeMoon (SAFEMOON) on their digital assets platform on April 5, 2021. For all BitMart users, the SAFEMOON/USDT trading pair officially opened for trading.
“The Whitebit tokenomics integration will be completed along with the completion of the SafeMoon App, Wallet, and Game(s). The Bitmart integration with tokenomics will also be completed in this quarter. We will begin architecting the NFT Exchange as well as video-game integrations. We will be integrating SafeMoon with African Markets in addition to setting up a Charity drive and charity vote. We will be exploring other exchanges (i.e. Binance) and begin architecting the SafeMoon Exchange. We will be expanding the team by 35% and establish a UK/Ireland office. We will be architecting a crypto educational app as well as onboarding new partners.
Q3 2021
Holding the Line
We will finish our crypto educational app and begin our own charity project. We will begin a community listing donation raise for several exchanges (i.e. Coinbase, Binance, Kraken). We will finish our NFT exchange and release our first video game with SafeMoon integrated. We will be expanding the team by 25% and do a community meetup (pending covid restrictions). We will also be integrating with other large exchanges (I.e. Binance, Mandala).
We will finish the SafeMoon Exchange and our charity project. We will finish integrations with our first African market and begin the next integrations with additional African markets. We will create an African-based SafeMoon Office and begin hiring in those markets to create jobs. We will be taking donations for our next charity project and begin a vote on the next project as well. We will be establishing a SafeMoon Scholarship in this quarter as well.”
SafeMoon is currently launching a new platform known as the SafeMoon Exchange—expanding on the concept that people who choose to hold onto cryptocurrencies earn rewards over time.
SafeMoon is taking off like a rocket to the moon. Two new exchange listings on the horizon, with a lot of exchanges reaching out to list #SAFEMOON. Right now you can buy it for below a penny per token: How to Buy SafeMoon.
Follow #SafeMoon on TwitterÂ
Check out the official channel of SafeMoon
What is Cryptocurrency?
Per Wikipedia: “A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.[1][2] It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.”
Cryptocurrency is usually not issued or controlled by any government or other central authority. They’re managed by peer-to-peer networks of computers running free, open-source software. Basically, anyone who wants to purchase crypto is able to. If you’re worried about the safety of your money, all transactions are vetted by a technology called blockchain.
Disclaimer: The author is not a financial advisor, and this is not financial advice. The trading of alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
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