What is Safemoon?
As per the website “Safemoon protocol is a community-driven, fair launched DeFi Token”. It is a cryptocurrency just like Dogecoin. Safemoon has burned all the dev token, I guess that is why its is “fairly” launched.
The idea behind the coin
Unlike other cryptocurrencies safemoon imposes a fees of 10% from the seller just for selling the coin .Because of this the price is expected to go higher bacause no-one would be willing to loose that amount of money. Apart from this currency nature, there is not much evident business application to this coin.
Is it a Good Time to invest?
As I’m writing this article the coin price is steeply falling, and there is an increase in the volume. This might be because some whales who entered early dumping their load of coins. Any coin at the initial stages of adoption would be having these price dumps, But my recommendation is not to enter now. Wait for one or two dumps like this and then you will get a clear picture of the support.
Most importantly do not invest all the money in this coin unless you are 100% confident.
How to Buy Safemoon?
Buy Using Uniswap
You can also follow the instructions below to purchase Safemoon from Uniswap
- Download the app, Trust Wallet
- Purchase BNB or BSC
- Go to the DApps tab at the bottom, and find PancakeSwap. Iphone users may need to enable the trust browser, then use the browser tab. You can also click the BUY NOW button on our website if you’re not on mobile.
- Click “Select a currency” and enter this contract address into the search field, and you should be able to find SafeMoon. 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
- Before swapping, click on the cog wheel and set the slippage to between 11-12%
- Now, set the amount you want to purchase and press the swap button.
- Confirm the transaction and you will have the Safemoon coins in your wallet