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SafeMoon

SafeMoon SFM

BNB Chain:0x4298...fcB5
$0.000000183687
(24h: +0.00%)
$28,752.81
Market Cap
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Quick Info

SafeMoon is a community driven meme coin created in March 2021 on the Binance Smart Chain. It was designed to resist volatility by rewarding long term hodlers by charging a 10% fee on each sale.

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Key Metrics

Price
$0.000000183687
Min / Max
$
$
Volume (24h)
-
Market Cap
$28,752.81
Fully Diluted Market Cap
$183,687
Circulating Supply
156,531,422,720 SFM
Total Supply
1T SFM
Trading Start
2 years ago

Liquidity

Verified Liquidity
$4,363.17
% of Market Cap
15.17%
Number of Liquidity Pools
-

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Community

Telegram Members

@safemoonv2

Discord Members

About SafeMoon

What you Need to Know about SafeMoon

In this article, we will have a look at what the SafeMoon protocol has to offer, what are the distinct products in the ecosystem, as well as assessing some potential opportunities and risks. SafeMoon has developed from being a single token on the BNB chain into a whole ecosystem of products, providing some degree of utility and benefits for SFM holders.

Key Takeaways:

  • The native token of the SafeMoon protocol is SFM (formerly SAFEMOON)
  • SFM has a unique tokenomic model promoting token burns and long-term holding
  • Other products of SafeMoon include a wallet and a DEX, with physical products like a hardware wallet or payment cards being projected
  • Safemoon faces criticism for its lack of utility and low transparency

A bit of History

SafeMoon (SFM) was launched in March 2021 during very bullish-sentiment conditions. As the name suggests, SafeMoon was intended to go safely “To the moon”, as per the popular saying in the crypto community.

Shortly after its launch, SafeMoon indeed experienced a rocketing increase in price. The project was promoted as a meme token by various celebrities and influencers, which was an essential component of its success. 

When the price inevitably dropped, the influencers promoting SafeMoon were accused of fraudulent behavior and even faced some lawsuits. SafeMoon tried to neglect some of the accusations by founding a Limited Liability Company, led by Braden John Karony, to provide some transparency.

A few months later in June 2021, SafeMoon announced the development and beta testing of their own wallet app for Android and iOS. But still, they seem to cannot escape the criticism, as the wallet has been dubbed to be a mere copy of TrustWallet, providing no additional functionality.

What is SafeMoon?

SafeMoon is a suite of crypto-related products. The main product - SafeMoon protocol is a reward-oriented BEP-20 token SFM, operating on the BNB chain. The main feature of the SFM token is its unique tokenomic model, which strives for deflation and token redistribution. 

The Ecosystem

The SafeMoon ecosystem is centered around the SafeMoon token (SFM, formerly SAFEMOON). It has distinct features that aim to reward holders and promote long-term investment.

SafeMoon Wallet

A crucial part of the SafeMoon ecosystem is the SafeMoon Wallet. Designed to be user-friendly, it allows secure storage, sending, and receiving of SafeMoon tokens and other cryptocurrencies. The wallet caters to both newcomers and experienced users with its straightforward interface.

SafeMoon Exchange

Another key component of the ecosystem is the SafeMoon Exchange. This platform focuses on providing liquidity and a seamless trading experience for various cryptocurrency pairs. The exchange strives to establish a fair and transparent trading environment.

Community Support

The SafeMoon ecosystem benefits from an active community and social media presence. The engaged community supports the project's growth, offering valuable feedback and attracting new users.

SafeMoon (SFM) Token

The SafeMoon Token (SFM) is the native digital asset of the SafeMoon ecosystem. It is designed to facilitate various features within the platform. SFM plays a crucial role in the project's unique tokenomics system and provides users with specific benefits as the ecosystem evolves.

Tokenomics and Reflection Mechanism

SafeMoon's tokenomics incorporates reflection, liquidity pool acquisition, and token burn. A 10% fee is applied to every transaction involving SafeMoon tokens:

  • 5% of the fee is redistributed among existing token holders, a mechanism known as reflection. This approach is designed to incentivize long-term holding.
  • 3% of the fee is allocated to the liquidity pool, contributing to the token's stability and liquidity.
  • The remaining 2% is burned, reducing the overall token supply, which could potentially increase the value of the remaining tokens over time.

Accessibility and Trading

SFM is built on the BNB chain, which enables low transaction fees and fast processing times. The token can be traded on various decentralized exchanges, such as PancakeSwap, by swapping Binance Coin (BNB) or other BSC-based tokens for SFM.

Utility in the SafeMoon Ecosystem

SFM serves as the primary currency within the SafeMoon ecosystem. As the project expands and introduces new products and services, the utility of the SFM token is expected to increase. Users can utilize SFM to access platform features, participate in governance decisions, and interact with upcoming decentralized applications.

Planned Future Development

SafeMoon's roadmap includes the development of various products and services, such as a decentralized exchange, a hardware wallet, and the SafeMoon blockchain. The team also plans to explore partnerships, integrations, and expansions into new markets. These developments, if executed successfully, could potentially enhance the utility of the SFM token and increase its adoption among users.

The project plans to implement a governance system that enables SFM holders to participate in decision-making processes, potentially leading to a more decentralized and user-driven ecosystem. This approach could strengthen the project's long-term sustainability and appeal to potential users.

Risks and Criticism

It is recommended to be cautious when investing into speculative assets like SafeMoon. It has many characteristics of a meme coin, the value of which is known to trend to zero. Do your own research and invest only what you are ready to lose.

Pump and Dump Accusations: SafeMoon has been accused of being a pump and dump scheme by some critics, who argue that the project's aggressive marketing strategies and tokenomics are designed to artificially inflate the token's value before the team or early investors sell their holdings.

Centralization Risk: One of the major concerns about SafeMoon is its potential centralization risk. The tokenomics, which includes reflection mechanisms and manual burns, might disproportionately benefit early adopters and large token holders, leading to an unequal distribution of tokens and centralization of power within the ecosystem.

Lack of Utility: Critics have raised concerns about the lack of utility for the SafeMoon token itself. Although the project aims to develop an ecosystem of products and services, the token's primary use case has been trading and speculation, which could limit its long-term viability and value.

Team

John Karony

John Karony

Chief Executive Officer

Charles Karony

Charles Karony

VP of Operations

Ryan Arriaga

Ryan Arriaga

Global Head of Products

David B. Smith

David B. Smith

Director of Content

FAQs

What is the price of SafeMoon today?

One SafeMoon coin can currently be purchased for approximately $0.000000183687.

What is SafeMoon smart contract address?

SafeMoon official smart contract address is 0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5.

What is SafeMoon official website?

The official website of SafeMoon is safemoon.net.

What is the SafeMoon Market Cap today?

SafeMoon Market Cap is $28,752.81 today.

How much money is in SafeMoon Liquidity Pool?

There is $4,363.17 in - SafeMoon liquidity pools. That's approximately 15.17% of SafeMoon current Market Cap.

How many members does the SafeMoon Telegram channel have?

SafeMoon has 60,506 members on the @safemoonv2 Telegram channel, which is 2.94% less than 30 days ago.

How many members does the SafeMoon Discord server have?

There are 83,434 members on SafeMoon Discord Server, which is 1.83% less than 30 days ago.

There are 8,048 members on SafeMoon Discord Server, which is 0.00% more than 30 days ago.

How many subscribers are there on SafeMoon Reddit?

SafeMoon has 303,788 subscribers on /r/safemoon subreddit, which is 0.00% more than 30 days ago.

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