How to buy Safemoon Protocol? Is the newly launched Safemoon the next big Cryptocurrency?
A new cryptocurrency called SafeMoon was launched recently. This currency has been gathering interest online, on various Crypto forums, message boards and Reddit. Very little is currently known about this cryptocurrency. However, the developers of this Safemoon have been doing a lot of online interviews and AMAs to create awareness about their product. Read on to know how to buy Safemoon.
How to buy Safemoon?
- Download the app, Trust Wallet
- Purchase BNB or BSC
- Go to the DApps tab at the bottom, and find PancakeSwap.
- iPhone users may need to enable the trust browser, then use the browser tab.
- You can also click the BUY NOW button on our website if you’re not on mobile.
- Click “Select a currency” and enter this – 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 contract address into the search field, and you should be able to find SafeMoon.
- Before swapping, click on the cogwheel and set the slippage to between 11-12%
- Now, set the amount you want to purchase and press the swap button.
- Confirm the transaction you will get Safemoon installed in your wallet/portfolio.
- Recently, Safemoon has also become available for purchase on the Crypto wallet Bitmart.
About Safemoon Protocol
The Safemoon Protocol was launched back on March 8, 2021. As per the Safemoon website, the Safemoon Protocol is a community-driven, fair launched DeFi token that is based on three main functions: Reflection(Static Rewards), LP Acquisition, and Burn. The Static Rewards are earned by people when they hold the cryptocurrency for long periods of time. The Automatic LP helps to stabilise the price of the crypto by creating a solid price floor. Finally, Safemoon penalises sellers with a 10 per cent selling fee which is then distributed among the people who are holding the crypto. As per the Safemoon website, the Safemoon Price is 0.000000859 USD currently.
The tagline of Safemoon on their Facebook is, ‘Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.’ ‘Going to the Moon’ is a popular phrase coined by the WallStreetBets community on Reddit. Basically, what it means is, if you buy crypto or a share, you should hold on to it till the prices on the particular investment skyrocket to the Moon. Stay tuned for more news on cryptocurrency and technology.