SafeMoon is a type of cryptocurrency, an idea that has really taken off in recent years. Cryptocurrency is a digital currency that can be used to buy goods and services but using an online ledger with strong cryptography to secure online transactions.
What is SafeMoon?
SafeMoon is still relatively unknown, and not much is understood about the new cryptocurrency.
But technically, it’s not even a cryptocurrency but actually a Defi token, according to its website. DeFi stands for decentralized finance token.
They are very complex but essentially, they aim to disrupt the current world of finance in order to let people follow and lend in peer-to-peer networks without needing an actual bank.
Just as Bitcoin does, SafeMoon uses blockchain technology.
Holding Reward You?
SafeMoon’s Facebook page states: “Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.”
SafeMoon charges sellers a fee of 10 percent of the amount of the cryptocurrency they’re trying to get rid of.
After this, investors who hold on to the currency are rewarded by redistributing five percent of the income from penalty charges on sellers.
How To Purchase SafeMoon?
SafeMoon recorded a 99 percent rise on Sunday after Bitcoin had its biggest single-day drop in months.
Method #1 [Via Mobile App]
To buy SafeMoon, users have to buy a Binance Coin (BNB) first before essentially swapping it for a token.
First, users have to set up a crypto wallet in which their coins can be kept – for SafeMoon either Trust or Metamask are the wallets recommended.
SafeMoon states: “Set up your wallet to work on the Binance Chain Network. Buy BNB on your Binance account.
“Withdraw BNB to your wallet address and be sure to select the BSC Network (BEP20). Visit pancake swap.
“Connect your wallet to pancake swap. Before you swap please ensure you click the gear icon and set slippage to 11 percent. Press swap. Confirm the transaction on your wallet and hold.”
However, a word of warning to those looking to invest – SafeMoon is still relatively unknown, which makes the risk to your investment likely even higher.
Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money before starting.
Method #2 [Via Bitmart.com]
This is properly, the easy method, where you basically create an account – Deposit any cryptocurrency – and Buy SafeCoin. This is pretty self forward.
BitMart
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– Create an Account on BitMart.com
– Head over to the Deposit Page
– Deposit any CryptoCurreny or purchase Coins
– Search for SAFEMOON in Trade Area
– Purchase SAFEMOON
– In order for you to Withdraw you need to verify your account
For More Information on BitMart.com Click here
