To make sure speculators do not flood into the space, SafeMoon uses an automatic liquidity generating pool where loyal investors get rewarded, and sellers are fined 10% if they want to cash out. This is to combat the speculative bubble that these high-value investors create around crypto projects. Not much is known about the new kid on the crypto block except that it launched towards the end of Q1 2021.īut what can be gleaned from the website is that the development team is looking to keep out speculators, known in crypto circles as ‘whales.’

Crypto enthusiasts have welcomed the crypto with open arms as it is trending all over social media.Īccording to his Twitter profile, John Karony is the CEO of SafeMoon. It has over $5 billion fully diluted market cap and has so far posted over $170 million trades in the past 24hrs. Meanwhile, since its launch, the DeFi protocol has climbed more than 6000% and is ranked 2427 on the coinmarketcap metric. It uses an RFI tokenomics and auto-liquidity generating protocol, which enables it to reward loyal investors and keep out crypto speculators. 8 2021 and has since posted high ROIs making many crypto investors to notice. This way, a peer-to-peer exchange is facilitated, and it hopes to address the volatility issues crypto has been faced with so far. It allows users to access traditional banking services without interfacing with the banks. What is SafeMoon?Īccording to its website, Safemoon Protocol is a community-driven, fair launched decentralized finance (DeFi) token.Īlthough a cryptocurrency much like Bitcoin and Dogecoin, SafeMoon performs a strategically different function on the blockchain network. So, we will provide you all the details you need to know about this crypto entrant and how you can lay your hands on some SafeMoon tokens. Many are saying it may just be the next big thing. The DeFi protocol has posted returns of over 6000% and attracted many crypto investors into the space. The first is Dogecoin which surged over 400% in the last seven days.Īnother is SafeMoon which launched a little more than a month ago. Ethereum has not fared any better, even though it has broken through the $2,000 mark.īut surprisingly, two often-disregarded crypto assets have continued to post high returns even as the larger crypto market stumbles. Join Our Telegram channel to stay up to date on breaking news coverageĬrypto bellwether Bitcoin and several large-cap cryptocurrencies have endured a turbulent week in their price action.īTC slumped almost 20% after attaining a new ATH of $64,883 last week.

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