Though it is ‘Safe to the Moon,’ it is not a safe investment due to its high volatility. Some investors have suffered staggering losses, while some have enjoyed excellent returns. But the token is famous for its volatility and is sometimes referred to as a ‘shit coin’ by investors. SafeMoon has a faster payment process and is a reliable network. Trade SafeMoon Now The Future of SafeMoon: Is It Safe? Not just that, SafeMoon V2 refused to give up to the central government pressures and strictly refused to be chained with defective or regulatory monetary shackles. Overall, it unfolds future developments of the network. Lastly, it improves the security and accessibility of the network. Secondly, it increases the quality of the network. It came up with three essential updates to the network.įirstly it reduced the token circulation by a factor of a thousand without affecting user balances. In the developer’s opinion, it enhances accessibility, security, and quality of the contracts in the network. The launch of SafeMoon V2 prepares for a comeback to the crypto world. SafeMoon released the second version of its protocol named SafeMoon V2.
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Unlike many coins, it undergoes a manual burn instead of a periodic token burn. Manual Burn: To create a scarcity of tokens and increase the demand, SafeMoon undergoes token burning. The platform has a unique feature that discourages the selling of coins by charging a 10% fee. LP Acquisition: Automatic liquidity floor creates a solid price floor for traders, and it aids in providing long-term stability. Firstly, the reward amount is decided based on the volume being traded, and secondly, it encourages token holders to collect higher payments based on the number of tokens owned. The SafeMoon approach differs from the traditional rewarding system in two ways. Reflection: These are static rewards to correct problems with mining rewards. Each trade has three functions: Reflection, LP acquisition, and Manual Burn. It is a blend of auto-liquidity generating protocol and RFI tokenomics. SafeMoon protocol has a quirky design to reduce volatility by rewarding investors for holding their coins. Trade SafeMoon Now Core Features of SafeMoon The network’s developers have burned 400 trillion tokens so far, and roughly 600 trillion tokens are in circulation. It was a one quadrillion token plan at launch time, but developers burned 223 trillion before launch. SafeMoon launched 777 trillion tokens, and the launch price per token was only $0.0000000010.
The developers say that it will reduce the selling of the coin. From thE 10% fee, 5% will be split amongst current investors, and the remaining 5% will go to the liquidity pool. Thus anyone who sells the coin needs to pay a 10% fee.
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