Finally, go to a crypto exchange that sells SafeMoon and make your purchase. According to the SafeMoon website, the following are the major exchanges offering SafeMoon for sale with SFM/USDT pairs: Safemoon cryptocom WASHINGTON – Electricity-intensive mining of the cryptocurrency bitcoin harms communities across the U.S. with air, climate, waste, water and noise pollution, a new Environmental Working Group investigation finds.
Crypto analyst and investor Lark Davis echoed the sentiment last month, comparing SafeMoon to BitConnect, an investment platform that ended up being a Ponzi scheme. “Remember just because you make money off of a ponzi does not change the fact that it is a ponzi,” he tweeted. What Makes SafeMoon Unique? The BMC’s membership is made up of Bitcoin miners who:
Spend some time following crypto online and chances are you’ll hear people talk about a cryptocurrency that’s “going to the moon.” SafeMoon has built its brand on this popular turn of phrase, although there are quirks to this crypto token that make it more challenging to buy (and potentially riskier) than other leading cryptocurrencies. How long does it take to mine 1 Bitcoin? SafeMoon is a cryptocurrency token that was launched under BEP-20 tokens on the Binance Smart Chain (BSC) blockchain. In the blockchain ecosystem, there are decentralized finance (DeFi) platforms and centralized finance (CeFi) platforms. The DeFi ecosystem is not regulated by a central bank but the assets show publicly on the blockchain network while in the CeFi ecosystem, assets are being handled through an intermediate exchange. The BSC blockchain incorporates SafeMoon to run in a CeFi ecosystem.
But SafeMoon does have a few unique qualities. First, it taxes holders 10% every time they sell. This serves as a mild disincentive for cashing out. Moreover, half of that 10% tax is proportionally split among SafeMoon holders based on how much they own, while the other half goes into a liquidity pool. Last, like Ethereum, SafeMoon tokens are being gradually burned to place deflationary pressure on the asset. The goal is to create a "safe" way for the token to "moon" or, go up, in price. Alex Formuzis In other positive news for prospective buyers of the token, SFM3.0 has locked its liquidity and the contract ownership has been renounced.