SafeMoon launched on Mar. 8, 2021 and is already one of the most popular cryptocurrencies on the market.
Last week SafeMoon tweeted that it has over 2 million holders in 2 months. SafeMoon’s Protocol is a decentralized finance (DeFi) token, a combination of RFI tokenomics and an auto-liquidity generating protocol.
According to industry analysis, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps.
https://twitter.com/safemoon/status/1392944275697057792?s=20
The CEO John Karony says SafeMoon wants to fix problems in the market, like price volatility which is a common concern with digital assets. They aims to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. SafeMoon’s white paper notes that their “reflect mechanism“ adds incentive for holders to hold their tokens for a longer period of time.
https://twitter.com/stoolpresidente/status/1394379356487757834?s=20
SafeMoon, has been drawing fresh looks after comments made by Barstool Sports’ brash founder Dave Portnoy on Twitter yesterday. Portnoy tweeted that he was buying $40,000 in SafeMoon, out of an array of so-called meme assets like Shiba Inu and other digital assets. Calling it “My shitcoin announcement” and “Invest at your own risk.” He also included in the tweet, “I have no idea how this works.”
