SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.

SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.

SafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.

SafeMoon launched on Mar. 8, 2021 with a SafeMoon price of $0.0000000010 and supply of 777 trillion SafeMoon tokens.

John Karony is the CEO at SafeMoon, according to his Twitter profile.

The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.

With SafeMoon, they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoon’s Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoon’s manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.

The SafeMoon white paper describes the following: a total supply of 1,000,000,000,000,000, with 223,000,000,000,000 burned dev tokens and a fair launch supply of 777,000,000,000,000,

The SafeMoon protocol, according to the white paper, works in the following way: in each trade, the transaction is taxed with a fee of 10%, which is cut in half. While 5% of the fee is redistributed to all of the token holders at the time, the other 5% is then split in half again, with 50% sold by the contract into BNB, and the remaining 50% automatically paired with the aforementioned BNB and added to PancakeSwap as a liquidity pair.

The SafeMoon white paper has the following plan for the safety of its protocol: the developer burned all tokens in the Dev Wallet before launch, there was a fair launch on DxSale, the LP is locked on DxLocker for four year, and an LP is generated with every trade and locked on PancakeSwap.

As of October 2021, SafeMoon (SAFEMOON) is available to trade on numerous exchange platforms, including: PancakeSwap (V2), Decoin, PancakeSwap, Gate.io, BitMart, ZBG, BiKi, LBank, Hoo, Hotbit, MEXC, Bitbns, Bitrue, WhiteBIT, KickEX, BitForex, BHEX, Jubi and Biswap.

It is listed with numerous SafeMoon price pairs, including ones like: SAFEMOON/WBNB, SAFEMOON/USDT and SAFEMOON/BUSD. To check SafeMoon price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the SafeMoon price page. Alternatively, use the dedicated exchange rate converter page. Popular SafeMoon price pairs include: SAFEMOON/USD, SAFEMOON/GBP AND SAFEMOON/EUR.

For more information about how to buy crypto with fiat, check out CoinMarketCap’s education portal — Alexandria.

The all-time high of SAFEMOON was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SafeMoon (SAFEMOON) is 0. The current price of SAFEMOON is down 0% from its all-time high.

As of , there is currently 561,957.44Bn SAFEMOON in circulation. SAFEMOON has a maximum supply of 1,000,000.00Bn.

The current market cap of SAFEMOON is 0. It is calculated by multiplying the current supply of SAFEMOON by its real-time market price of 0.

The all-time low of SAFEMOON was 0 , from which the coin is now up 0%. The all-time low price of SafeMoon (SAFEMOON) is 0. The current price of SAFEMOON is up 0% from its all-time low.

SafeMoon (SAFEMOON) has a market capitalization of $0 and is ranked #8142 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze SafeMoon (SAFEMOON) price trends and patterns to find the best time to purchase SAFEMOON.