It caused the price to reach $0.0000015 in less than a month, increasing the overall excitement around the new token. Thanks to the team’s marketing efforts the project soon gained lots of attention from the crypto enthusiasts.
Safemoon has been launched a year ago, on Mawith an initial price of $0.000000001. There are also multiple celebrity endorsements - such as Diplo’s - to take into consideration. On the other hand, the dev team burned their tokens to ensure a fair launch, and overall they seem accessible and eager to answer any question to alleviate the doubts.
#Realistic safe moon price prediction manual
Those doubts were fueled further by the announcement that the team is going to execute manual burns instead of algorithmically defined ones – many feel that this gives the team too much control. This unusual mechanic raised some concerns about the possibility of Safemoon being a scam. As stated by the founders, this commission works both as a penalty for speculators, rewarding long-term holders, and as a way to ensure liquidity and provide static rewards for those holders. Half of this commission is distributed between all the holders, and the other half is partly locked into a smart contract and partly put into a liquidity pool. There is a fee paid by the token holders out of every trade - a 10% commission. Safemoon doesn’t have any unique use cases, i.e, it’s simply a cryptocurrency, but it does have some interesting features. It launched in March 2021 and quickly became one of the most hyped meme coins. Safemoon is a token circulating on Safemoon protocol – a DeFi project designed to help democratize yield farming.
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