SafeMoon, a new cryptocurrency, has been witnessing a lot of popularity in the digital currency world. Not much time has passed since its inception but SafeMoon is slowly spreading its influence in the cryptocurrency arena.
SafeMoon is 100% community-driven and fair launch Defi token. SafeMoon developers have facilitated offering rewards to investors and impose a 10% penalty on sellers. 5% of the penalty amount is distributed to shareholders and the rest 5% gets burned manually.
SafeMoon protocol works on the principle of automatic LP and every transaction contributes to the automatic generation of liquidity inside PancakeSwap LP. SafeMoon allots RFI static rewards to holders through static reflection and it leads to the growth of their SafeMoon balance in a consistent manner.
Many cryptocurrency experts believe that it is a good way to improve the popularity of SafeMoon in the cryptocurrency world. David Nicolas Albanese, a coin guru, has said that it is helping SafeMoon gain new investors. It is not yet registered on any exchange so it is not very easy to buy SafeMoon.
The coin guru believes that with the growing popularity, SafeMoon will get listed on a reputed exchange platform. And it will help to increase its popularity on a large scale. SafeMoon is currently standing at $1.65 million on Market Cap.
Its value is slowly increasing and it is expected to surpass the value of DogeCoin, a cryptocurrency that got introduced in 2013 as a meme. SafeMoon developers are making efforts to spread the required information about this cryptocurrency among the target audience.
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