SafeMoon Achieves Market Cap of $2.80 Million (SAFEMOON)

SafeMoon (SAFEMOON) traded flat against the US dollar during the one day period ending at 15:00 PM E.T. on November 1st. One SafeMoon token can currently be bought for approximately $0.0000 or 0.00000000 BTC on major exchanges. During the last week, SafeMoon has traded flat against the US dollar. SafeMoon has a market cap of $2.80 million and approximately $3.15 worth of SafeMoon was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.2% lower against the dollar and now trades at $69,456.86 or 1.00143361 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.4% lower against the dollar and now trades at $69,356.08 or 0.99998055 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

SafeMoon Profile

SafeMoon launched on February 28th, 2021. SafeMoon’s total supply is 562,038,999,794,589 tokens and its circulating supply is 561,957,434,895,938 tokens. SafeMoon’s official Twitter account is @safemoon and its Facebook page is accessible here. SafeMoon’s official website is safemoon.net. The Reddit community for SafeMoon is https://reddit.com/r/safemoon and the currency’s Github account can be viewed here. The official message board for SafeMoon is safemoon.medium.com.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase SafeMoon using one of the exchanges listed above.

SAFEMOON/USD price chart by TradingView