SafeMoon (SAFEMOON) Reaches Market Capitalization of $2.80 Million

SafeMoon (SAFEMOON) traded flat against the dollar during the 24 hour period ending at 22:00 PM E.T. on February 4th. SafeMoon has a total market cap of $2.80 million and approximately $3.15 worth of SafeMoon was traded on exchanges in the last day. One SafeMoon token can now be purchased for about $0.0000 or 0.00000000 BTC on popular cryptocurrency exchanges. In the last seven days, SafeMoon has traded flat against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded down 0.3% against the dollar and now trades at $0.35 or 0.00000818 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded down 0% against the dollar and now trades at $0.0122 or 0.00000029 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 1.6% against the dollar and now trades at $0.0088 or 0.00000021 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

SafeMoon Token Profile

SafeMoon was first traded on February 28th, 2021. SafeMoon’s total supply is 562,038,999,794,589 tokens and its circulating supply is 561,957,438,051,330 tokens. The Reddit community for SafeMoon is https://reddit.com/r/safemoon and the currency’s Github account can be viewed here. SafeMoon’s official Twitter account is @safemoon and its Facebook page is accessible here. SafeMoon’s official message board is safemoon.medium.com. The official website for SafeMoon is safemoon.net.

According to CryptoCompare, “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. According to an article, 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.

SafeMoon launched on Mar. 8, 2021.”

Buying and Selling SafeMoon

It is usually not possible to purchase alternative cryptocurrencies such as SafeMoon directly using US dollars. Investors seeking to trade SafeMoon should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase SafeMoon using one of the aforementioned exchanges.

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