Is SafeMoon a LP token?

What Is SafeMoon (SAFEMOON)? SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn. SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol.

What kind of token is SafeMoon?

SafeMoon is a BEP-20 token launched on the Binance Smart Chain (BSC) ecosystem on March 8, 2021. BSC is a centralized finance (CeFi) ecosystem and a competitor to Ethereum’s decentralized finance (DeFi) ecosystem. SafeMoon has quickly risen to be Binance’s third-largest token by market capitalization.

Is SafeMoon an ERC 20 token?

SafeMoon (SAFEMOON) ERC20 Token in Binance Smart Chain Mainnet. Token is implemented as ERC20 smart contract with address 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 .

Is SafeMoon getting listed on Binance?

Safemoon could be listed on Binance by the end of 2021.

Does SafeMoon have limited supply?

SafeMoon is a cryptocurrency token created in March 2021 on the Binance Smart Chain blockchain.

Circulating supply 571,079,778,397,417 (as of 28 November 2021)
Supply limit 1,000,000,000,000,000

What Blockchain does SafeMoon use?

SafeMoon, like better-known crypto coins like Bitcoin and Ethereum blockchain’s Ether, is based on distributed ledger technology and was created in March 2021 on the Binance Smart Chain blockchain. SafeMoon’s creators say it was designed with the intention of encouraging long-term investment.

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What is SafeMoon protocol?

SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps.

How can I sell my Safemoon?

How to sell SafeMoon

  1. Open the Trust Wallet app and tap on “Browser” (“dApps” for Android users).
  2. Tap on “PancakeSwap.”
  3. In the “From” section, tap on the BNB symbol. …
  4. “Tap on “SafeMoon.” You’ll get a notice that SafeMoon tacks on a 10% transaction fee; 5% is distributed to token holders and the rest is added to liquidity.

Can Safemoon reach 1 cent?

There is no chance for Safemoon to reach 1 cent. Safemoon has 585 trillion coins, and it would require a market cap of $5.85 trillion to reach 1 cent, which is 3738 times more than its current market cap.

Does Coinbase support SafeMoon?

SafeMoon is not supported by Coinbase.

Where can I buy SafeMoon stock?

Where to buy safemoon:

  • Download the Trust Wallet App – available on App Store, Google Play or Android.
  • Purchase one of two available established cryptocurrencies: binance or bowscoin.
  • Click on the DApp tab on the Trust Wallet app, which enables you to find decentralised applications and look for PancakeSwap.

Is SafeMoon a good investment?

There’s no evidence that SafeMoon is an outright fraud, but analysts have warned that many popular altcoins appear designed largely to help developers and early investors get rich at the expense of later buyers.

Can SafeMoon reach 10 cents?

Although, in a practical sense there is absolutely no chance Safemoon will reach $0.01. The market cap would never grow to the extent to be able to support the price.

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Will SafeMoon be on Robinhood?

SafeMoon crypto isn’t available on popular exchanges such as Coinbase or Robinhood. That is why many investors have stayed away from the trending crypto over the past few months. … The safest and most secure exchanges that offer SafeMoon include: BitMart.

What is supply of SafeMoon?

SafeMoon is one of these altcoins that has caught the attention easily since its inception in March 2021, where it started to gather over one million investors. … The current circulating supply stands at 585,536.37B SAFEMOON.