The Case Against Safe Moon CryptoAugust 9, 2021
The case against SafeMoon is a cautionary tale for crypto investors and complex DeFi products. Crypto critic Molly White, who runs the popular website web3 is going great, is closely following the case. She says that SafeMoon’s lawsuit is a strong signal to any influencers engaging in pump and dump schemes. However, it is not yet clear how much of SafeMoon’s tokens will be burned during each transaction.
Though there is no roadmap for the future of SafeMoon, the company’s team has a diverse background. Founder Henry Wyatt founded a game development company. Web developer Jacob Smith has experience with game development. The entire team has four-year degrees, including the CEO. The SafeMoon website does not work. Visitors will get an error message that says 521. However, the team is committed to building a framework for blockchain technology, so the future is bright for SafeMoon.
The SafeMoon price has been fluctuating quite a bit since it launched. The most recent peak was reached on 20 April at $0.00001375. After that, the price dropped again to 0.00001375. In a few days, the safe moon price rose by a staggering 1,374,900 percent. If you sold your SafeMoon at the peaks, you could have become a millionaire. That’s a huge jump for a new cryptocurrency, and it’s not likely to stop growing.
The SafeMoon cryptocurrency is relatively new in the market, but it’s worth checking out. This cryptocurrency was launched in March 2021 on the Binance Smart Chain blockchain. Its creators hope to solve the issues with price volatility by rewarding those who hold their coins for a long time. Instead of charging high transaction fees, SafeMoon pays a 10% fee on each sale. That fee is split among existing coin owners. As a result, they get additional coins for holding their coins.
The price of SafeMoon has fluctuated in recent months, but analysts have remained cautiously optimistic about the future of the cryptocurrency. Smith’s resume lists positions with multiple companies involved in blockchain and decentralized finance. As a result, he is well-versed in the cryptocurrency industry. Despite the volatility, Smith’s reputation remains strong. Despite this, the company’s website is still an unreliable source of information, and its investors are urged to be wary of scammers.
Investors should note that SafeMoon is available for trading on multiple exchanges. While it is a relatively new cryptocurrency, it can be bought on several exchanges. Check out the SafeMoon website to find out where to buy this cryptocurrency. Its website also lists several pairs of SafeMoon. If you prefer to buy SafeMoon in fiat currency, you can buy it at SAFEMOON/BNB, SAFEMOON/USDT, SAFEMOON/GBP, and SAFEMOON/EUR.
The project has already doubled its team size in the first quarter. During the first quarter, the team launched a marketing campaign. It plans to create a mobile app and wallet, launch games, and explore SafeMoon trading on Binance. In addition, it wants to build its own exchange, open an office in the U.K./Ireland, and expand into Africa. All these plans show how much confidence investors have in SafeMoon.