SafeMoon is an uncentralized financial (DeFi) protocol with three main functions that happen during trading. These are reflection, LP acquisition, and burn.
The white paper of the project explains that the manner in which high-APY farm structures are constructed is a significant issue in the new DeFi market. A lot of these farms don’t have a simple process to welcome newcomers to the market because they are unable to get the same advantages. This is the reason SafeMoon is working to adopt the concept of static rewards. This basically means that the rewards are contingent on the amount of the tokens being traded. This will relieve the stress on the token, which is normally the case when tokens are traded.
In addition, owners of SafeMoon receive incentives to hold their tokens for longer periods of time, which means that HODLing is promoted and encouraged. The protocol also enjoys an underlying level of stability due to the project’s automatic LP that provides an underlying price or cushion, meaning that token holders don’t need to worry about the price sinking to previously unimagined depths.
Why Buy SafeMoon?
The protocol is an amalgamation of the auto-liquidity generation protocols and tokenomics from RFI. However, it has plans to grow and develop the NFT exchange. This could result in a significant shift in how the company is perceived.Apart from an exchange, SafeMoon will also launch charity initiatives too, as well as possibly crypto-based educational apps.
The project also gives you an excellent opportunity to earn an income that is passive. The more coins users accumulate, the higher the amount they earn as they go ahead. It is claimed that its users can earn up to 80% APY, which traditional banks cannot compete with under any circumstances.
If all of that isn’t enough, then be sure to mention that the SafeMoon protocol is developed to ensure the value of its token will increase in time due to the burning of coins, which makes it a deflationary cryptocurrency. In addition, the project plans to grow to include the coin launchpad along with the company’s private NFT marketplace. Also, the company has an ambitious and detailed plan of action and is working to achieve things. A plan is always beneficial, but making it a big plan and meeting milestones is more effective.
Where to buy SafeMoon?
As of now, SafeMoon is listed on Gate.io, PancakeSwap, and several other cryptocurrency exchanges. The best way to buy SafeMoon to use as an alternative cryptocurrency trading platform is through Gate.io, which is explained in the following paragraphs on the SAFEMOON/USDT exchange.
· How to buy SafeMoon on Gate.io
Visit Gate.io. Sign up. You’ll need to trade using the SAFEMOON/USDT partnership and, as it is easy to obtain USDT, it is recommended that you transfer some USDT through an external account or broker like Binance, Coinbase, or Gemini. Once your USDT has deposited, Accept and read your risk alert. You can place your order.
· Buying SafeMoon Safely
The most important thing to consider when purchasing SafeMoon the same way as when purchasing any other cryptocurrency or any other type of asset is to be sure to do it in a secure manner. You are dealing with your hard-earned funds at the end of the day, and there are numerous risks associated with finance, which we’ll discuss in the following segment. Therefore, reducing your risk and purchasing cryptocurrencies with confidence is the top goal.
The most effective thing you can do is to choose an exchange that is regulated. The majority of major exchanges are licensed, and though we’re recommending Binance to purchase SafeMoon, We should be aware that the exchange isn’t fully controlled; however, there are some rules regarding the exchange. But Binance has millions of users all over the world and is the biggest exchange in terms of market capitalization. This means that it can be considered secure since users would not use the platform in other ways.
Another thing to bear in mind is the fact that you have to be able to move the funds from your SafeMoon into one of the SafeMoon wallets following the purchase. Withdrawing your funds from the exchange into SafeMoon wallets makes one of you the sole owner and manager of the cash, and, consequently, it’ll be as secure as it gets in the event that you know how to safeguard your wallet.
The Dangers of Purchasing SafeMoon
While the SafeMoon purchase has plenty of possibilities, you must be aware that it is not without risk when investing in crypto. For instance, there is always the risk posed by the volatility of cryptos, which can see the prices of coins fluctuate in a sudden manner. This could be caused by any occurrence or by crypto whales who may be involved in manipulating prices. Since the majority of bitcoin-related coins are still following the Bitcoin model, it isn’t enough to just monitor SafeMoon on its own and its competitors, but also monitor BTC as well as the cryptocurrency market all in all.
Then, if you purchase SafeMoon cryptocurrency, you may consider trading it using leverage. It is usually profitable for traders who are aware of how to handle the risk. However, the more leverage you employ, the potential risks become higher. When trading using leverage, it’s usually done using CFDs, which means that you will earn money whether the price goes either way, as it is possible to accurately predict the price’s movement. That is why SafeMoon pricing prediction can be the primary aspect to consider.
When the SafeMoon forecast of price is right, you could make huge gains, but the greater the leverage you employ, the less chance of making mistakes you have. This is the reason your SafeMoon price prediction has to be highly accurate, and that’s why you should not invest in trading using leverage until you’ve got enough experience to be an expert in crypto.