This Safemoon Review is meant to show you almost everything involved with the safemoon coin, Is Safemoon Legit? find out!
Table of Contents
Safemoon Review (About Safe Moon Token)
The SafeMoon Protocol is a community-driven, fair-launched Defi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn.
The cryptocurrency trading space is consistently introduced to new coins for people to trade and enjoy. The latest example is one known as Safe Moon, which appears to be getting more and more interest from investors according to the latest search trends.
To be fair, not much is known about the currency just yet, so as we do with all new coins, we’re informing our readers to stay safe and remain fully aware of the risks that are associated with trading and investing in crypto. They are often prone to volatility, price swings, and other issues that can cause serious dents in one’s wealth and trading goals, so don’t jump in unless you really take the time to know what you’re doing.
To provide information on the new coin, developers of Safe Moon have hosted a few AMAs (Ask Me Anything sessions) on Reddit, hoping to answer whatever questions people might have. Thus far, it has been unveiled that Safe Moon users are likely to be rewarded granted they purchase it and hold it. Clearly, the currency’s creators are trying to instigate long-term investing, as those who sell it quickly may incur financial penalties.
The Facebook page for the coin reads as follows:
Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.Safe Moon Token
This is something of a two-sided coin (pardon the pun) for most investors given that while getting to the moon is something that we all want to do, is it right to decide how people use and spend their money?
Getting to the moon is a phrase that crypto traders have likely heard time and time again. Whenever Elon Musk, for example, talks about Dogecoin, he says that he wants it to go to the moon, implying that he wants the price to rise so high it never comes back down. The more crypto is bought and hold, the stronger it is likely to become, which is typically why bitcoin tends to fall whenever a lot of people cash in on gains at once.
How to Buy Safemoon Token
- Download the app, Trust Wallet
- Purchase BNB or BSC
- Go to the DApps tab at the bottom, and find PancakeSwap. iPhone users may need to enable the trust browser, then use the browser tab. You can also click the BUY NOW button on our website if you’re not on mobile.
- Click “Select a currency” and enter this contract address into the search field, and you should be able to find SafeMoon. 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
- Before swapping, click on the cogwheel and set the slippage to between 11-12%
- Now, set the amount you want to purchase and press the swap button.
- Confirm the transaction and…HODL!
Is Safemoon Legit? (Is Safemoon A Good Investment?)
Short-term gains are frequently looked down upon by both analysts and professional traders alike, but while it may present some problems for the digital public, it can be said that crypto is designed to be decentralized, meaning those who own it are the ones in charge. They decide what to do with their funds, and they make all the decisions regarding their crypto assets. Thus, it can be argued that trying to sway their choices may not be the best tactic.
A current SAFEMOON cost is $0.000001. As per this SafeMoon analysis, today the investment has a 4.0 out of 10 safety rank and -62.6% expected return with the cost going to $0.000001. The dominant ranking factor for this crypto asset is Twitter Citation.
To evaluate the ROI that can be received from the SafeMoon investment in 2021 the computer has analyzed the daily prices of the cryptocurrency for the previous 6 months. The nature of cryptocurrencies is wavy, which means that there is a high chance that SAFEMOON can get to near to an all-time high price again in the future.
You can use this SafeMoon Review to check if it is worth it to invest in this cryptocurrency and how trusted or risky this investment could be.