Tuesday, January 31

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What Is SafeMoon and How Does It Work? Is This a Truly Secure Investment?
Crypto

What Is SafeMoon and How Does It Work? Is This a Truly Secure Investment?

SafemoonSafeMoon has garnered considerable attention this year, but is it really a secure location to save your funds?This crypto bull run bears many parallels to the 2017 run-up. During that period, it seemed as if cryptocurrencies were growing out of the ground at an accelerating rate.Important PointsSafeMoon is a BEP-20 coin that was released on March 8, 2021, on the Binance Smart Chain (BSC) ecosystem.SafeMoon is composed of three primary components:The first is a "reflection" fee applied to SafeMoon transactions that is paid to token holders; The second is a cost applied to transactions that is allocated to different liquidity pools on Pancake Swap and other platforms; The third is a token burn that happens on each trade.SafeMoon is based on the Binance Smart Chain, whic...