Keep in mind that past performance should never be taken as an indicator of future results. Let’s now cast our eyes over the SFM price history. SafeMoon (SFM) price history from launch to present – Credit: One thing to note about SFM is that, since it is based on the BNB Chain ( BNB), it is a token, rather than a coin, meaning that references to such things as a “SafeMoon coin price prediction” are, technically speaking, wrong. SafeMoon claims to be a programme that uses its resources to benefit people, saying on its website: “We are now addressing the second part of our mission – the expansion and channelling of our technology to propel new innovations for good, and a Venture Philanthropy model to advance those innovations to every part of the world.” The cases claim that SafeMoon, which was founded in March 2021 by former US Department of Defense analyst John Karony, has cost investors hundreds of millions of dollars and has operated illegally.
#Reflection calculator safemoon series
One thing to be aware of, though, is that the crypto has been subject to a series of separate lawsuits in the United States.
SafeMoon also offers a wallet that includes multichain storage, fiat on-ramp integration, a contacts list and reflections tracker. The project favours utilising smart contracts to automatically capture the liquidity used in decentralised exchanges ( DEXs), which is then held in custody independent from user possession, as opposed to a traditional farming reward structure. The SafeMoon protocol is community-driven and rests on four basic functions during each trade: Reflection, liquidity provider acquisition, a burn mechanism and contribution to the ecosystem growth fund.Ī key aspect is its automatic liquidity provider feature, which acts as an arbitrage resistance mechanism, securing the volume of SFM as rewards for holders. Whether or not this will be the case for SafeMoon might well be a matter of some debate, but the sentiment is there. The other comes from the crypto rallying cry of “to the Moon!” which is generally used to suggest that a coin or token is able to potentially make investors a lot of money. One is the idea that the crypto is fundamentally safe, since it is designed to withstand market volatility.
If you are wondering why SafeMoon is called SafeMoon, it is a combination of two concepts. That said, what might also potentially happen is that everyone keeps their SafeMoon, very few buy or sell, and the SafeMoon price stagnates, with investors left waiting for a price rise that ultimately never comes, and holders trapped in the middle of selling for a profit and holding for a profit. Whether this is going to happen in the long term remains to be seen, but it could, at least in theory. In theory, you could even make a profit while the overall SafeMoon price went down. One could, theoretically, make a bit of money from other people selling the token while you held on to it. This gives crypto holders a kind of reverse dividend, with a rather bizarre paradigm going on. The idea is that SafeMoon serves as a store of value, resisting volatility by encouraging people to hold onto it. Of this money, 40% of the taxed money is redistributed to the people still holding the token, while 30% is given to the SafeMoon system’s liquidity pool, 20% is burned and 10% is sent to a growth fund. The crypto’s founders says that anyone who sells a SafeMoon token will be subject to a 10% sales tax. The idea behind the SafeMoon token is that it is a crypto designed to encourage people to hold onto their tokens. Let’s take a look and see what we can find out about SFM, and consider some of the SafeMoon price predictions that were being made as of 11 October 2022. It’s a crypto token that has attracted both fans and controversy, but what is SafeMoon (SFM)? Can SFM lift off in the foreseeable future? – Photo: Hendrik Heemskerk/Shutterstock
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