Is There a Fairly Accessible Crypto Service that Sells SafeMoon in 2022?
2022-05-31 08:59:17
What Exchanges Sell SafeMoon Nowadays?
Cryptocurrencies are gaining more and more popularity and visibility in the investing world, thanks to their flexibility and adaptability from small to large portfolios. This trend is revolutionizing the industry and opening the doors of finance to people, who did not have access to it before for various reasons. Since the birth of Bitcoin, we have seen a succession of new coins linked to more or less valid projects. It is becoming increasingly difficult to find the right currency on which to invest.
In March 2021, a team of young crypto enthusiasts officially launched the ambitious SafeMoon project. The team presented SAFEMOON token as a deflationary currency and promoted the ‘buy and hold’ philosophy by penalizing sellers and incentivizing holders. Between March 14 and April 21 2021, SAFEMOON price increased in value by 23,225%, and then began a steady decline that was interrupted only by a short price recovery lasting just over a month. Right now, its price is 0.00000009858 USD, with a trading volume of $25280. These levels are very low, especially in comparison to those of the other significant meme coins. The reason for this could be that the coin has not yet been listed on many exchanges.
All of these things make SafeMoon a high-risk investment, especially because the project is still very young and not fully tested. In addition, its token has yet to be listed on more platforms in order to gain visibility and interest from more investors. For now, the most accessible way to buy SafeMoon is to open an account on the crypto exchange Gate.io. The reason is that Gate.io is one of the largest and most reliable exchanges in the world, as it has been active in the crypto sector for many years.
2.) PancakeSwap is another decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. There is a swap pair SAFEMOON/WBNB meaning that the users should have the wrapped version of BNB in their wallet in order to be able to obtain SAFEMOON.
Generally, decentralized exchanges are much riskier than centralized ones. Therefore, especially for newbies in the sector, it is recommended to go through a classic and secure service such as Gate.io.
Cryptocurrencies are gaining more and more popularity and visibility in the investing world, thanks to their flexibility and adaptability from small to large portfolios. This trend is revolutionizing the industry and opening the doors of finance to people, who did not have access to it before for various reasons. Since the birth of Bitcoin, we have seen a succession of new coins linked to more or less valid projects. It is becoming increasingly difficult to find the right currency on which to invest.
In March 2021, a team of young crypto enthusiasts officially launched the ambitious SafeMoon project. The team presented SAFEMOON token as a deflationary currency and promoted the ‘buy and hold’ philosophy by penalizing sellers and incentivizing holders. Between March 14 and April 21 2021, SAFEMOON price increased in value by 23,225%, and then began a steady decline that was interrupted only by a short price recovery lasting just over a month. Right now, its price is 0.00000009858 USD, with a trading volume of $25280. These levels are very low, especially in comparison to those of the other significant meme coins. The reason for this could be that the coin has not yet been listed on many exchanges.
Is SafeMoon Considered as Safe as People Say?
SafeMoon has a unique feature that has attracted criticism. Its smart contract charges a 10% exit fee for holders who choose to sell. Half of this fee is ‘burned’, while the other half is redistributed to remaining token holders, theoretically increasing the value of the coin over time. Another feature of SafeMoon is the ownership pattern of the current supply of the token. A large proportion of SafeMoon’s total liquidity is owned by members of the founding team. Such concentration of ownership is often a cause for serious centralization concern in the crypto space. Critics argue that this incentive to remain invested makes SafeMoon not so different from an old-fashioned pyramid or Ponzi scheme, where existing investors rely on new entrants to boost their gains.All of these things make SafeMoon a high-risk investment, especially because the project is still very young and not fully tested. In addition, its token has yet to be listed on more platforms in order to gain visibility and interest from more investors. For now, the most accessible way to buy SafeMoon is to open an account on the crypto exchange Gate.io. The reason is that Gate.io is one of the largest and most reliable exchanges in the world, as it has been active in the crypto sector for many years.
Are There Any Other Crypto Platforms that Sell SafeMoon?
1.) There are other ways to get SafeMoon, but these require some familiarity with the concept of DeFi: If you already have a wallet on the Binance Smart Chain, you can buy Safemoon by exchanging it for other tokens in your wallet on a decentralized exchange (DEX) called Safemoon Swap, a product developed by the SafeMoon team.2.) PancakeSwap is another decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. There is a swap pair SAFEMOON/WBNB meaning that the users should have the wrapped version of BNB in their wallet in order to be able to obtain SAFEMOON.
Generally, decentralized exchanges are much riskier than centralized ones. Therefore, especially for newbies in the sector, it is recommended to go through a classic and secure service such as Gate.io.
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