At SAFEMOON, the price has risen by 1,550% since the beginning of March.
What is SafeMoon?
SafeMoon is a community-operated, fairly introduced token and the fastest growing DeFi (decentralized finance) token for Binance Smart Chain. The project announced this week that it has partnered with crypto infrastructure provider Simplex to offer optimized and integrated SafeMoon wallets.
The partnership enables millions of people around the world to purchase SafeMoon quickly, seamlessly and securely. SAFEMOON recorded $ 37 million in trading volume in the past 24 hours as traders lined up to buy the coin and expected a spike.
To put this in perspective, the SAFEMOON price has risen by 1,550% since the beginning of March.
Where can I buy SafeMoon?
To buy SAFEMOON on Coin Kong, users need to register an account. Coin Kong connects clients with most of the premium brokers in their country and automatically lists the ones that have the lowest commission offers on the market. Coin Kong offers all major cryptocurrencies including Bitcoin, Ethereum, hundreds of altcoins, and these newer ICOs. This is the preferred option for traders looking to expand their portfolio with access to the best coins on the market. Please note: This platform is only available to customers outside of the United States.
How is SafeMoon different from Dogecoin?
Both coins made headlines this year after the meteorite surge. While DOGE is available indefinitely, SAFEMOON’s manual burning strategy makes the token deflationary.
“We’re excited to partner with @safemoon so that millions of users worldwide can buy #safemoon quickly, seamlessly, and securely!”
Stay tuned! 🎶https: //t.co/eI5MIIDXQA
– Simplex (@SimplexCC) May 25, 2021
A lot of people talk about Dogecoin going “to the moon”, but for SafeMoon this is part of their roadmap. The new partnership with Simplex will allow users to invest in SafeMoon much more directly and will likely have a lot more investors on board, bringing the moon one step closer.
SafeMoon has three functions: reflection, LP detection and burning. A fee of 10% is charged for every SAFEMOON transaction. Half of this is passed on to all SAFEMOON owners. 2.5% is sold for BNB and the other 2.5% is paired with that BNB to generate liquidity that flows into pools used by exchanges.
The static rewards motivate users to hold on to their SAFEMOON longer and watch their balance grow. SafeMoon also implements a manual burn strategy and the team has burned over 416 trillion SAFEMOON to date.