$0.00005577
-26.75%
$0.00002695
24h Range
$0.00007449
Market Cap
$30,987,858.0
Fully Diluted Valuation
$55,770,000.0
24 Hour Trading Vol
$80,890.0
Circulating Supply
555,676,687,345.6
Total Supply
555,676,687,345.6
Max Supply
1,000,000,000,000.0
SafeMoon Price
$0.00005577
24h Range
$0.00002695 - $0.00007449
Percent Change 1h
1.87%
Percent Change 24h
-26.75%
Percent Change 7d
-19.64%
All-time high
$0.003383
All-time low
$0.00001638
1D
7D
1M
1Y
All
SafeMoon (SFM) is a cryptocurrency launched in March 2021 that gained significant popularity due to its unique tokenomics and community-driven approach. It operates on the Binance Smart Chain (BSC), offering lower transaction fees compared to Ethereum-based tokens. The primary features of SafeMoon include a static rewards system that incentivizes holding, a liquidity pool acquisition, and a burn mechanism that reduces supply over time. As of early 2024, SafeMoon has a market capitalization of approximately $200 million, making it a notable player in the crypto space.
SafeMoon was co-founded by John Karony, who serves as the CEO, alongside a team of developers and community members. Karony has a background in finance and military service, which he leveraged to develop SafeMoon's vision and community engagement strategies. The founding team has maintained a relatively low public profile, focusing instead on building a strong community and fostering transparency within the project. However, the decentralized nature of the project means that it also relies heavily on its community for development and governance.
SafeMoon operates on a deflationary model that employs three key mechanisms: reflection, liquidity pool acquisition, and token burn. Firstly, every transaction incurs a 10% fee, where 5% is redistributed to existing holders, incentivizing them to hold their tokens. This is known as the “reflection” mechanism. Secondly, 3% of the transaction fee is added to the liquidity pool, which helps stabilize the token's price and improves its liquidity. Lastly, 2% of the tokens are permanently burned from the total supply, creating scarcity over time. This combination aims to reward long-term holders and create a more resilient price structure.
SafeMoon has several key use cases that contribute to its appeal:
To ensure the safety of your SafeMoon tokens, consider the following best practices:
Investing in SafeMoon (SFM) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy SafeMoon: Once your account is funded, you can purchase SafeMoon directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in SafeMoon using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
SafeMoon (SFM) is currently trading at $0.00005577 and exhibits good potential for future growth. Check the latest SafeMoon (SFM) price prediction.
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