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About SFM

The SafeMoon Protocol V2 has four functions during each trade: Reflection, LP Acquisition, Token Burn and Growth Fund. SafeMoon is now addressing the second part of its mission – the expansion and channeling of its technology to propel new innovations for good, and a Venture Philanthropy model to advance those innovations to every part of the world.With SafeMoon Protocol, token holders will earn more SAFEMOON depending on how many tokens they have. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.

SafeMoon V2 (SFM) is a cryptocurrency launched in 2021. SFM has a current supply of 1,000.00Bn with 0 in circulation. The last known price of SFM is 0.000030413195 USD and is 0.000000260897 over the last 24 hours. It is currently trading on active market(s) with $36,357.95 traded over the last 24 hours. More information can be found at https://safemoon.com/.

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SFM Price Statistics
SFM’s Price Today
24h Price Change
+$0.0000002608970.87%
24h Volume
$36,357.956.97%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9278
SFM Market Cap
Market Cap
$0
Fully Diluted Market Cap
$30.41M
SFM Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SFM Supply
Circulating Supply
0
Total Supply
1,000.00Bn
Max Supply
1,000.00Bn
Updated Jul 04, 2024 7:28 pm
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SFM
SafeMoon V2
$0.000030413195
$0.000000260897(+0.87%)
Mkt Cap $0
There's nothing here for now
SafeMoon's SFM Token Crashes Over 50% After Company Files for Bankruptcy
SafeMoon's SFM Token Crashes Over 50% After Company Files for Bankruptcy
According to Decrypt, SafeMoon's SFM token has experienced a significant crash, dropping over 50% in value after the company behind the project filed for Chapter 7 bankruptcy. The cryptocurrency is currently trading at $0.00003270, marking an all-time low. SafeMoon US, LLC applied for bankruptcy in a December 14 filing to the United States Bankruptcy Court for the District of Utah, submitted by attorney Mark Rose. The filing reveals that the company has an estimated 50-99 creditors, assets between $10,000,001 and $50 million, and liabilities ranging from $100,001 to $500,000. A post in the r/safemoon subreddit allegedly displays a letter from the firm's chief restructuring officer, stating that employees must file a claim in the bankruptcy case for unpaid wages. This bankruptcy filing follows the U.S. Department of Justice's unsealing of an indictment last month, charging SafeMoon executives Braden John Karony, Kyle Nagy, and Thomas Smith with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and money laundering. U.S. Attorney for the Eastern District of New York Breon Peace accused the trio of deliberately misleading investors and diverting millions of dollars for their scheme. Karony and Smith were arrested, while Nagy remains at large. Concurrently, the U.S. Securities and Exchange Commission (SEC) filed civil charges against SafeMoon and its executives for perpetrating a massive fraudulent scheme through an unregistered sale of crypto securities.
Dec 15, 2023 6:10 pm

Frequently Asked Questions

  • What Is SafeMoon (SAFEMOON)?

    A human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow. Deeply connected to and driven by its award winning community (The SafeMoon Army), SafeMoon is innovating for good. Building blockchain, commerce, metaverse and NFT products to derive new kinds of value from crypto technology and to apply it to increasingly better use.

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

    SafeMoon is now addressing the second part of its mission – the expansion and channeling of its technology to propel new innovations for good, and a Venture Philanthropy model to advance those innovations to every part of the world.

    With SafeMoon Protocol, token holders will earn more SAFEMOON depending on how many tokens they have. 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 a Centralized Echange and NFT marketplace, on top of the Decentralized Exchange and Mobile App already released. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to release several products by the end of 2022.

    SafeMoon V1 migrated to SafeMoon V2 in december 2021 with the same original supply, consolidated at a 1:1000 ratio.

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  • Who Are the Founders of SafeMoon?

    John Karony is the CEO at SafeMoon, according to the official website.

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  • How Many SafeMoon (SAFEMOON) Coins Are There in Circulation?

    SafeMoon V1 migrated to SafeMoon V2 with a 1:1000 ratio, meaning the supply can be described as following: a total supply of 1,000,000,000,000, with 223,000,000,000 burned dev tokens and a fair launch supply of 777,000,000,000.

    The SafeMoon protocol works in the following way: in each trade, the buy and sell transactions are taxed with a fee of 10%, which is cut in : 4% of the fee is redistributed to all of the token holders at the time, 3% is added to liquidity, 2% of tokens are burned and 1% is added to the SafeMoon Ecosystem Growth Fund.

    The current circulating supply, due to the burn tokens function, is 563,253,043,834 tokens on the 20th May 2022.

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  • How Is the SafeMoon Network Secured?

    The SafeMoon Protocol 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 and an LP is generated with every trade.

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  • Where Can You Buy SafeMoon (SAFEMOON)?

    As of May 2022, SafeMoon (SAFEMOON) is available to trade on numerous exchange platforms, including: SafeMoonSwap, Decoin, Gate.io, BitMart, ZBG, BiKi, LBank, Hoo, Hotbit, MEXC, Bitbns, Bitrue, WhiteBIT, KickEX and BitForex.

    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.

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  • What is the all-time high price of SafeMoon V2 (SFM)?

    The all-time high of SFM was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SafeMoon V2 (SFM) is 0. The current price of SFM is down 0% from its all-time high.

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  • How much SafeMoon V2 (SFM) is there in circulation?

    As of , there is currently 0 SFM in circulation. SFM has a maximum supply of 1,000.00Bn.

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  • What is the market cap of SafeMoon V2 (SFM)?

    The current market cap of SFM is 0. It is calculated by multiplying the current supply of SFM by its real-time market price of 0.000030413195.

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  • What is the all-time low price of SafeMoon V2 (SFM)?

    The all-time low of SFM was 0 , from which the coin is now up 0%. The all-time low price of SafeMoon V2 (SFM) is 0. The current price of SFM is up 0% from its all-time low.

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  • Is SafeMoon V2 (SFM) a good investment?

    SafeMoon V2 (SFM) has a market capitalization of $0 and is ranked #9278 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 V2 (SFM) price trends and patterns to find the best time to purchase SFM.

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