![]() ICX.īurn - most cryptocurrency enthusiasts are familiar with the term “burn.” However, SafeMoon crypto uses the technique with each transaction. A ‘reflective token’ distributes a percentage of every transaction back to its holders. Reflection - is a protocol mechanism that returns a percentage of the transaction value to the holder in this cryptocurrency.Ī reflection token is a cryptocurrency whose holders are rewarded by levying fees on transactions and then redistributing a percentage of the fees charged to them. What Are the Three Functions of SafeMoon?Īs I alluded to in the intro, the three functions of this cryptocurrency are reflection, burn, and LP acquisition. It also works with decentralized finance (Defi). It is also powered by non-fungible tokens (NFTs), which show ownership of assets.įinally, it has low transaction fees, making it more affordable to use than some traditional cryptocurrencies. These funds are then used to buy back its tokens from exchanges, which helps to drive up the price. In addition, every time someone buys or sells the cryptocurrency, a small percentage (0.5%) is added to the liquidity pool. According to the team’s white paper, the ‘reflect mechanism’ adds incentive for SafeMoon holders to keep tokens for longer.” - Yahoo Finance. “ SafeMoon has long been one of the world’s top rewards tokens - the ‘reflections’ system sees SAFEMOON holders receive extra tokens by virtue of holding the crypto in their wallets. This encourages people to “hold on for dear life (HODL)” the currency and helps to stabilize its price. It can accomplish this by using a “holders’ reward system” where currency holders are rewarded for holding onto it rather than selling it. BTC has been around since 2009 - available for purchase since 2010 and has gone from $0.091 to today’s price of 41,304.10 USD. ![]() Its aim is to provide a more “sustainable” alternative to other cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and even Shiba Inu, DOGE, and other meme coins. It is a relatively new cryptocurrency created in March of 2021. However, it has since dropped back to #213 according to Coin Market Cap. “SafeMoon took the DeFi space by storm by reaching the top 50 cryptocurrencies by market cap since its release just four months ago.” - NEWSBTC. This generates a much higher yield than would otherwise be possible.” - Morioh. “The percentage of fees you earn is calculated by the percentage of RFI that you own among holders. “SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. I’ll delve into that and other SafeMoon crypto news and provide the answer to some of your questions, such as Where to buy SafeMoon, How to Buy SafeMoon, How does SafeMoon’s price compare to the Shiba Inu coin price, What is the SafeMoon Poo price, or What is Bitmart SafeMoon? And many more. There are already investors on Reddit screaming about they lost their entire investment. This will put a stain on the entire project. This is unfortunate because those who bought SafeMoon V1 in good faith will now lose their money if they don’t do it correctly. Safely migrating funds from version 1 to version 2 can be accomplished with the aid of the BSC News article ‘ SafeMoon Shows How to Migrate Tokens from V1 to V2’. The result is that any transfers on the legacy system will result in a loss of funds. Transaction tax on version 1 of SafeMoon is now 100%. If you are interested in SafeMoon, buy SFM. ![]() ![]() The SAFEMOON conversion factor has 6 significant digits.SafeMoon Token - Pixabay - Muhammad Salman The PLC conversion factor has 12 significant digits. The exchange rate for the SafeMoon was last updated on 11:05 AM from The International Monetary Fund. The exchange rate for the PLATINCOIN was last updated on 11:05 AM from The symbol for SafeMoon can be written with SAFEMOON. The symbol for PLATINCOIN can be written with PLC. The SAFEMOON is the global cryptocurrency. Reversed rate: SafeMoon (SAFEMOON) to PLATINCOIN (PLC). This currency converter is up to date with exchange rates from 11:05 AM. Moreover, we have added the list of the other popular conversions for 1 PLATINCOIN (PLC). We are providing PLC to SAFEMOON converter tool with real-time online exchange rate calculator. This page provides the exchange rate of 1 PLATINCOIN (PLC) to SafeMoon (SAFEMOON), sale and conversion rate. Selling 1 PLATINCOIN (PLC) you get 29,701,172.51 SafeMoon (SAFEMOON) at 11:05 AM. You can convert PLATINCOIN to other currencies from the drop down list. We have added the most popular Fiat Currencies and Crypto Currencies for our Calculator/Converter. 1 PLATINCOIN is equal to 29,701,172.51 SafeMoon.
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