How to buy SafeMoon has been a common question among many investors. This has been geared by the belief that it might take an upward trajectory in the future.
Additionally, SafeMoon holders and celebrities have made a name for the future of this token. David- Portnoy, for instance, endorsed it making many parties interested. Lets look at how and where you can get this trendy altcoin.
What is SafeMoon?
SafeMoon is the newest decentralized finance token. Similar to other digital currencies, it operates on a blockchain. The reason for its fame originates from some of its unique features. The token is among the first to implement redistribution tokenomics.
Distinct from other cryptocurrencies, SafeMoon investors should only hold and not sell their tokens. it penalizes sellers 10% and rewards investors who are willing to buy and hold.
However, Binance Smart Chain is the sole supporter of SafeMoon, which makes its decentralization speculative for now.
Is SafeMoon on Binance or Coinbase?
No, SafeMoon is not listed on either Coinbase or Binance exchange. However, the token holders and developers envision it being on both platforms in the future. Being a relatively new cryptocurrency, most of its objectives have not yet sphered.
For instance, as of July 2021, the team hoped to start a “community listing donation raise for several exchanges.” Due to its demand, there were petitions to get the token on Coinbase. The last petition gained so much attraction fetching 4,646 signatures. From the reactions, the petitions created on Twitter, the Coinbase CEO tweeted with a glimpse of hope. Therefore, SafeCoin is likely to be on both Coinbase and Binance exchanges when the time is right.
Where to Buy SafeMoon
Even though SafeMoon has not been listed in the most popular exchanges, there are alternative ways to buy your favorite crypto token. Here’s how you can buy:
For a successful purchase, you will need either PancakeSwap or BitMart. Follow the following steps to buy SafeMoon through PancakeSwap.
- Download any wallet compatible with the Binance Smart Chain, such as Trust Wallet.
- After registration, purchase the Binance coin via your wallet.
- On the Trustwallet’s main page, click on more to swap to Smart Chain.
- Once you input how much you want to swap, the order will be fulfilled.
- Lastly, use your PancakeSwap to exchange to SafeMoon.
Note that, SafeMoon Wallet will be available to all investors from August 28th, 2021.
Is SafeMoon Safe?
Being a new crypto, and no one knows what its fluctuations would look like. Most holders trust that the token will compete for 1st in the market after a few years. However, if prices were to fall due to market changes, sellers would suffer from such changes. It would be a double tragedy for sellers if they incurred the 10% selling penalty.
With the hope that the rates will skyrocket, it is safe to buy SafeMoon. More importantly, the token is different and offers you distinct features compared to other cryptos.
What is its Future?
SafeMoon is one of the newest as well as fast-growing cryptocurrencies launched in 2021. Due to its fame on Twitter and other social media accounts, the number of holders has skyrocketed.
People are cautiously optimistic that its price would go up in the future. Therefore, if you are interested in this token, you can buy it on PancakeSwap or BitMart.