How to Buy Safemoon Cryptocurrency0 (0)
In this article, we will be talking about how to buy Safemoon Cryptocurrency (Safer Crypto, formerly known as SaferNet). Since many people are asking how to buy this kind of cryptocurrency, I thought it would be useful to explain what Safemoon is and how it works. Safemoon is an entirely new decentralized finance digital currency based on the smart blockchain based protocol. However, unlike the Bitcoin or other popular altcoins, Safemoon claims to have a shockingly high 80% APY returns because of its coin burning strategy. You can buy Safemoon directly from their official website or any of the listed exchanges which support this new digital currency.
Buying Safemoon or any other altcoin will require that you understand how to buy it, since there are no commodities exchanges for Safemoon. The way to purchase them is to go to a crypto exchange such as Gate.io or PancakeSwap, which is like a virtual stock exchange which also provides exchange functionality for several other virtual currencies. There are several online brokers/exchanges which will be able to allow you to buy or trade Safemoon, but you’ll need to find one that suits your needs and criteria. This way, you can easily experiment with different coins and exchanges to see which ones fit you the best. Once you’ve found an ideal exchange, then you can make actual investments by buying these tokens/coins with your deposited FIAT currency either via Bank money transfer or credit/debit card.
What is Safemoon?
So in a nutshell, Safemoon is a powerful decentralized finance token with 3 main functions during each trade, Reflection, LP Acquisition and Burn.
According to the information that can be found on the Safemoon official website and CoinMarketCap, SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. Based on the information provided in the article written by developers, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
SafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.
The value of each coin is set by an algorithm in the back ground of the system, which means that there will never be more than 1,000,000,000,000,000 of these coins in existence. Investing in Safemoon can bring just as much profit as investing in other types of altcoins, and every investment carries the risk.