11/25/2023 0 Comments Safemoon chainFirst, the reward amount is conditional upon the volume of the token being traded. “Static rewards solve a host of problems. Here’s what the SafeMoon white paper has to say about it: “Holders earn passive rewards through static reflection as they watch their balance of SafeMoon grow indefinitely,” the website says.Ĭonsidering how volatile SafeMoon is itself right now (I’ve seen it swing wildly even just over the course of half an hour) perhaps not everyone has gotten the memo yet.īut this is certainly an interesting concept and quite cool if it actually works. This is because 5 per cent of transaction fees from sold SafeMoon gets redistributed amongst the current token holders. The longer you hold onto it the more you can actually earn. This is huge and will certainly make some crypto traders think twice before trying to pump and dump the token.īut there’s another upside to holding onto SafeMoon. If you buy SafeMoon and then sell it, you will be hit with a 10 to 12 per cent transaction fee. The website itself says ‘Safely to the Moon’ which seems to tie in with the aim to make it a non-volatile DeFi that rewards buyers who hold. “Dev burned all team tokens and participated in the fair launch with everyone else,” the SafeMoon website reads.Īccording to the SafeMoon white paper there is a total token supply of 1 quadrillion, with a launch supply of 777 trillion.Īs for the name itself, it seems to be derived from the popular ‘to the moon’ catch phrase that has been doing the rounds ever since the GameStop stock controversy earlier this year. The developers didn’t even keep tokens to themselves before launch. It is also looking to solve the volatility issues that some other crypto has faced up until this point.Ĭommunity seems to be at the heart of SafeMoon. The idea behind this is to encourage peer-to-peer exchange instead. In extreme layman’s terms this means it exists on the blockchain and doesn’t use traditional financial intermediaries like banks, or even most cryptocurrency exchanges, like Coinbase, Binance or Swyftx. SafeMoon is a decentralised finance token, also known as DeFi. Launched in March 2021, its value has risen exponentially in the last few days:īut it’s not actually a cryptocurrency in the same way that Bitcoin or Dogecoin is. SafeMoon is the latest hot ‘crypto’ doing the rounds online right now. Cryptocurrency is extremely volatile and buying it is risky, so do it at your own risk. Here you’ll find first looks to complete hands-on experiences with the latest tech on the market.įirst up it’s worth noting that none of this is financial advice. View All Reviews Expert opinions and reviews on the latest gadgets, phones, laptops and more.Smartwatch and Fitness Tracker See how Apple Watch, Fitbit, Samsung Galaxy Watch, Garmin and many more stack up with our reviews.Smartphone Read trusted reviews on the latest smart phones from Apple, Samsung, Google and many more.PC & Peripheral All you need to know on the latest PC releases and whether they’re worth their dime.From consoles to RPGS and shooters, we’ve got it all here just waiting for you to read. Gaming Let expert reviewers guide you on which games to play.Gadgets & Smart Home Whether it’s a drone, a smart vacuum or noise cancelling headphones you are looking to buy, our reviewers have tried and tested it before you have to.Entertainment We spend hours watching and reviewing the latest movies, shows and music releases so you don’t have to.Car Our revheads bring you all you need to know on the coolest electric vehicles and sports cars available on the market.Camera Here you’ll find expert opinions on the latest cameras from Canon, Nikon, Sony and plenty more.
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