Alternatively, you can use LetsExchange.io to perform a crypto swap without any hassle. Then, you can swap your BNB coins for BSC tokens. If you opt for this alternative, you first need to buy Binance Coin (BNB) and deposit it in a wallet supporting the BEP-20 standard. If you are interested in this token as an investment, you can purchase it from a crypto exchange linked to the BSC. As a result, the token was renamed from SAFEMOON to SFM, and the total supply changed to one trillion SFM tokens. The launch of SafeMoon V2 in December 2021 (more about it later) brought a 1000:1 consolidation update. The maximum supply of SafeMoon was one quadrillion SAFEMOON tokens. As a result, SFM is a deflationary cryptocurrency. To ensure the SFM token gains value over time, SafeMoon uses a coin-burning strategy. What’s more, SafeMoon will have a decentralized exchange (DEX) soon. SafeMoon will also have a coin launchpad to allow users to create their own cryptocurrencies. However, developers have planned to expand this project by adding a non-fungible token (NFT) marketplace. Some people speculated that SafeMoon could be a Ponzi scheme. In this way, SafeMoon discourages the selling of SFM tokens.Īt the time of launch, SafeMoon had no utility other than the possibility of infinitely increasing token generation (provided that a user does not sell their SafeMoon tokens). Half of this fee is split among all other SFM holders. Users are charged a 10% fee for every transaction on the SafeMoon platform. This token follows a buy-and-hold philosophy. One of the unique features of SafeMoon is that it penalizes sellers. The protocol of this token is community-driven. SafeMoon utilizes a proof-of-stake-authority (PoSA) protocol as its consensus mechanism. This token runs on the Binance Smart Chain (BSC) and is compatible with the BEP-20 standard. Before changing its name to SFM, it was known as SAFEMOON. SafeMoon (SFM) is a DeFi token launched on March 8, 2021. But will it happen? Find it out in our current SafeMoon price prediction for the following years. However, this token's unique features and development plans may facilitate its recovery in the future. But it could not sustain the high price it attained shortly after its launch. Launched in March 2021, SafeMoon gained value quickly. SafeMoon (SFM, formerly SAFEMOON) is a decentralized finance (DeFi) token that has attracted some interest from traders and investors.
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