Safemoon has started its journey as a meme coin that has no exact plan and a vision. But Safemoon attracted so many investors and Influencers so fast. Because of the attraction, Safemoon changed its direction and developed a vision and mission for the token. Let’s see what the reason for this super hype around Safemoon is. Let’s talk about why safemoon exploded in a short time frame.
Since Safemoon has 1000 trillion Safemoon tokens price of Safemoon is low. Safemoon token has a manual burn mechanism. That means the dev team is responsible for all the burns. Because of manual burns, investors can know how many are burned and rewarded. All the burns are transparent and showed on their official website Safemoon.net.
Safemoon had a fair launch, and it’s 100% community-driven. Developers burned all of their team tokens and participated in the launch with everybody else.
Automatic LP(Liquidity Pool)
Automatic LP is the most significant selling point of safemoon. Safemoon is beneficial for the holders because they will distribute 5% of all the transactions to holders’ wallets. The goal here is to prevent the more significant dips when whales decide to sell their tokens later, which keeps the price from fluctuating as much as if there was no automatic LP function.
Safemoon protocol has three simple functions. Reflection(static rewards) + LP acquisition + burn in each trade. All the transactions are taxed a 10% fee that splits two ways.
5% fee – Redistribute to all existing holders.
5% fee – This fee will split in half, and the contract will sell 50% into BNB. And other 50% will be paired automatically with BNB and added as a liquidity pair on Pancake Swap.
Safemoon is going live on Whitebit and Bitmart on the 5th of April 2021. This listing will boost the already amazingly popular Safemoon. They are planning to build SafeMoon App, Wallet, and Game(s). They are also architecting a new NFT Exchange. NFTs are popular in the crypto space and will drive many investors into Safemoon.
Safemoon team is building a crypto educational app to educate people on cryptocurrency, and This app will also be an excellent way to attract more investors into the safemoon.
But the most exciting thing is that they are planning to be listed on Binance. Binance listing will open up safemoon to hundreds of countries and millions of investors.
Many YouTubers and Influencers are backing this fantastic project, and they educate their followers about this Safemoon token.
These interactions and mentions are significant for a new project like Safemoon. There will be more influencers coming into space soon.
Where to buy Safemoon?
Install Trust Wallet app to your Phone.
Add BNB(Binance Coin) to the Trust wallet app. Then convert it into Binance Smart Chain.
Click on more and then swap to the smart chain.
Now go to coinmarketcap.com, and type Safemoon on the search bar.
Then scroll down and copy the address.
Head back again to the Trust wallet app. And click on DApps on the bottom row.
Then scroll down to the bottom and click on PancakeSwap Exchange.
Click on select a currency first.
Then paste the address that you copied from coinmarketcap.com.
It will automatically show up like this.
Then select it.
Click on the cog icon and change slippage tolerance to 11 or higher.
Then click on swap and confirm swap.
If you get an error message when confirm swapping, try higher slippage tolerance.
Approve when you get this screen then your safemoon will be added to your trust wallet home screen.
Soon you won’t go through this much pain to buy Safemoon because it’s going to be listed on some exchanges.
Buy Safemoon On WhiteBit.
Do your research and remember taking profits is never a mistake with altcoins.