These are projects that the team plans to complete by 2021. What’s unique is that the roadmap has a year-long duration that includes charity projects in Africa, listing on exchanges such as Binance, and building apps, wallets and games, as well as an NFT exchange. This is supposed to be the strategy to safely reach the moon, which also justifies the name Safemoon. In practice, the system rewards the first token holders. The protocol in fact is conceived with a 10% fee on sales, which is distributed for 5% to the current holders, the remaining 5% is converted into BNB and goes partially to implement liquidity on PancakeSwap. The whitepaper explains the economics of the coin, which aims to encourage those who own the token, so the more people buy, the more the price increases, the more people will be disincentivized to sell, the more tokens are burned.
It is not by chance that it is defined as a Community Driven project. Safemoon defines itself on its website as a DeFi protocol.
Safemoon can be purchased on PancakeSwap and is in fact a token that is based on the Binance Smart Chain. Interestingly, it is ranked 203 on CoinMarketCap and number 38 on CoinGecko. In percentage terms, the increase since launch is over 2,000,000%.
It has a market capitalization of over $5 billion. Since then it has fallen by 35% and is currently worth 0.00000895. Already in mid-April, it spiked to 0.00001399. Safemoon was launched only two months ago, at the beginning of March. There is a cryptocurrency that is making waves amidst the general enthusiasm capitalized by Dogecoin: its name is Safemoon (SAFE) and it has experienced a strong price increase in recent days.
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