SafeMoon Protocol is a decentralized finance (DeFi) token. According to its website, SafeMoon performs three main functions in every transaction: Mirroring, LP Retrieval and Burning. The SafeMoon protocol is a combination of the RFI token economy with an automated liquidity generation protocol. Information about what is SAFEMOON coin and how does it work, how to buy, how much it costs, etc. is in the continuation of the content. You can browse here for information about QTUM coin.
What is Safemoon coin and how does it work?
Safemoon coin is a crypto money project that aims to get its users to hodl, burning the total supply as much as the purchase is made. SafeMoon Protocol is a decentralized finance (DeFi) token. The safemoon protocol, which appeared on March 8, 2021, just a few months ago, is a combination of RFI token finance with an automatic liquidity generation protocol. According to the safemoon team, everyone in the safemoon team burned their own safemoons and the development team participated with everyone after the token was released.
We can also explain the SAFEMOON coin, which has attracted the attention of investors since its launch, as follows: Consider a crypto money project, 10 percent is cut in trading, 5 percent of this cut is given to other buyers, the other 5 percent is burned. Thus, as long as you keep holding safemoon in every trade, the number of safemoons in your hand will increase automatically. That’s why the buyer does not exchange the safemoon tokens he holds for more token accumulation. This is one of the biggest goals of the coin. The value of the coin increases as the hold status increases.
SafeMoon’s CEO is stated as John Karony. According to the information on its website, SafeMoon performs three main functions in every transaction: Mirroring, LP Retrieval and Burning. As of 01.07.2021, the supply of Safemoon in circulation is 585,536.366,402,812 units. The price of 1 SAFEMOON on July 1 is also around $0.00000352.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency