12/15/2023 0 Comments Safe moon price tracker![]() Not sold through investing apps: SafeMoon is not available for purchase on investing apps such as Robinhood and SoFi Invest.SafeMoon 1-year price chart (Seeking Alpha) Where To Buy SafeMoonīuying SafeMoon isn't as easy as buying some other cryptocurrencies. SafeMoon 5-year price chart (Seeking Alpha)Īs of May 11, 2022, it is trading at $0.0000018. Looking at the SafeMoon price charts, we can see that it reached a high of $0.0000097 on May 2, 2021. Exchange wallet: the exchanges will automatically perform the migration process for you and then notify you.Other wallet: visit the SafeMoon Swap site for instructions on how to migrate your tokens.SafeMoon wallet: update to the newest app version then follow the screen prompts.Instructions for how to migrate to SafeMoon V2 depend on the type of wallet you have: ![]() Like the earlier version, 50% of the fee is distributed to current token holders and the other 50% is divided between the SafeMoon liquidity pool and managers of the SafeMoon ecosystem. In December 2021, SafeMoon upgraded the token to SafeMoon V2 ( SFM-USD), which consolidated the original version at a ratio of 1 to 1000, and lowered the transaction fee to 2%. The SafeMoon ecosystem includes the SafeMoon Wallet which is available for download on the Google Play and iTunes stores. ![]() In other words, it's prone to manipulation. While these tokens are in "lock-up", such a heavy concentration of tokens in so few hands means that the holders can have outsized influence over price movements if they sell. This serves to increase the value of investors' holdings, while the remaining 50% of the exit fee is placed into a liquidity pool that's designed to maintain the token's price stability.Īn issue affecting SafeMoon is that a large number of its tokens are owned by its founders. SafeMoon takes the proceeds from the exit fee and distributes 50% of it to all current SafeMoon token holders in a process SafeMoon describes as a "reflection". The purpose of this exit fee is to discourage investors from selling their tokens. It had a unique feature: the SafeMoon smart contract charged a 10% exit fee in addition to any fees charged by a cryptocurrency exchange. SafeMoon first launched in March of 2021. SafeMoon is managed by smart contracts on Binance’s blockchain. They are written for specific blockchains and won't work on other blockchains. Smart contracts create digital tokens and control the supply of those tokens. ![]() The Binance Smart Chain has many of the same protocols and applications as the Ethereum Network, with one being the ability to host software programs known as smart contracts.
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