Safe moon crypto abbreviation12/5/2023 ![]() According to the SafeMoon Twitter account, the team has successfully fundraised $1 million for the project. The best laptops for Ethereum mining in 2023 What is SafeMoon Before you hop on a nearby spaceship to a SafeMoon-supported crypto exchange, let's whip out our metaphorical telescopes and zoom in. The SafeMoon team has plans to launch its own SafeMoon exchange. We've already published an easy-to-follow guide on how to buy SafeMoon. Although the process is a little convoluted, don't worry. You'll need to purchase BNB (BinanceCoin) and convert it into SmartChain before you can acquire SafeMoon tokens. PancakeSwap is the most popular platform for purchasing SafeMoon.īuying SafeMoon is a mind-warping process. You'll have to buy SafeMoon on one of four exchanges: PancakeSwap, BitMart, Gate.io and WhiteBit. It's too early to say whether it has potential for growth it could crash and burn just as quickly as it rose to unexpected heights. SafeMoon is a highly speculative asset, especially since it's still in its nascent stages in the cryptocurrency world. ![]() Many SafeMoon supporters share the same sentiments for their lunar-inspired DeFi tokens it's just a "high risk, high reward" investment vehicle. What is SafeMoon crypto ticker symbol SAFEMOONSAFEMOON is the Safemoon crypto symbol. This is a community-driven protocol aimed at generating a reasonable APY for investors with an automatic liquidity generation and token burn process. What is the abbreviation for SafeMoon SFMSafemoon protocol is a decentralised finance (DeFi) token, often abbreviated to SFM, which was created on Binance's blockchain. It adds an unprecedented level of security to the entire yield farming or liquidity mining process. Many people use cryptocurrency as an investment vehicle, hoping that the price skyrockets and increases their ROI exponentially. SafeMoon offers a solution that simplifies the DeFi process. However, I could argue that Dogecoin and other digital assets have low utility as well. It's clear that the SafeMoon team wants to reward loyal users, but if the cryptocurrency has no real use, what's the point of holding onto it forever?" Clayton Moore, CEO of NetCents Technology (a crypto-based payment processing platform), told US News and World Report. "I think investors need to be cautious about a cryptocurrency that has no real utility. Furthermore, cryptocurrency pundits warn that SafeMoon has no real value. Others, however, are skeptical some have even gone as far as calling SafeMoon a "Ponzi scheme."Ī Ponzi scheme is an investing scam that creates returns for earlier investors by taking money from later investors, which skeptics say sounds awfully similar to SafeMoon's 10% seller fee stipulation. In the short to medium term, that seems highly unlikely. Some are optimistic about SafeMoon and believe it will emulate Dogecoin's skyrocketing growth. For Safemoon crypto to reach a penny, it will have to rise by 34,264 percent from the current price. ![]() often abbreviated to SFM, which was created on Binances blockchain. However, after that $0.000014 peak, SafeMoon is now trading at $0.000008 as of this writing. SafeMoon (SFM) is a decentralized financial token or cryptocurrency initially based. See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.What is SafeMoon? (Image credit: Future/Snappa) Cryptocurrency investing is fraught with risk and volatility, yet crypto has produced top returns for investors over time.See our Expanded Rules page for more details about this rule.lots of naysayers and FUD comments on this post likely because they missed the. couple that with the extreme press coverage as well as numerous large brokers accepting it as well as safemoon itself making its own exhange, its going to explode even more. This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links. whats there to understand its a deflationary token and the supply is decreasing by the hour. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.Every SAFEMOON transaction is charged a 10 fee, with 5 redistributed (known as reflection) to all SAFEMOON holders and 5. See our Expanded Rules wiki page for more details about this rule. The SafeMoon Protocol (SAFEMOON) is a community driven fair launch token for Binance Smart Chain (BSC) launched in March 2021 by developer SafeMoon LLC with the goal to create a solid price floor and cushion for holders.If you meet our requirements and want custom flair, click here. Please make quality contributions and follow the rules for posting. 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