According to the SafeMoon Twitter account, the team has successfully fundraised $1 million for the project. The SafeMoon team has plans to launch its own SafeMoon exchange. We've already published an easy-to-follow guide on how to buy SafeMoon. Although the process is a little convoluted, don't worry. Cryptocurrency Finance Tech SafeMoon Crypto to Be Available on Two New Exchanges, Creators Say at 6:59 AM EDT By Ed Browne Reporter The cryptocurrency SafeMoon is due to be listed on. NEW YORK, Nov 1 (Reuters) - The founder and two top executives at SafeMoon, whose namesake crypto token was once valued at more than 8 billion, have been charged by the U.S. You'll need to purchase BNB (BinanceCoin) and convert it into SmartChain before you can acquire SafeMoon tokens. PancakeSwap is the most popular platform for purchasing SafeMoon.īuying SafeMoon is a mind-warping process. You'll have to buy SafeMoon on one of four exchanges: PancakeSwap, BitMart, Gate.io and WhiteBit. It's too early to say whether it has potential for growth it could crash and burn just as quickly as it rose to unexpected heights. SafeMoon is a highly speculative asset, especially since it's still in its nascent stages in the cryptocurrency world. Many SafeMoon supporters share the same sentiments for their lunar-inspired DeFi tokens it's just a "high risk, high reward" investment vehicle. Many people use cryptocurrency as an investment vehicle, hoping that the price skyrockets and increases their ROI exponentially. However, I could argue that Dogecoin and other digital assets have low utility as well. It's clear that the SafeMoon team wants to reward loyal users, but if the cryptocurrency has no real use, what's the point of holding onto it forever?" Clayton Moore, CEO of NetCents Technology (a crypto-based payment processing platform), told US News and World Report. ![]() "I think investors need to be cautious about a cryptocurrency that has no real utility. ![]() Furthermore, cryptocurrency pundits warn that SafeMoon has no real value. Others, however, are skeptical some have even gone as far as calling SafeMoon a "Ponzi scheme."Ī Ponzi scheme is an investing scam that creates returns for earlier investors by taking money from later investors, which skeptics say sounds awfully similar to SafeMoon's 10% seller fee stipulation. Some are optimistic about SafeMoon and believe it will emulate Dogecoin's skyrocketing growth. However, after that $0.000014 peak, SafeMoon is now trading at $0.000008 as of this writing. What is SafeMoon? (Image credit: Future/Snappa)
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