SafeMoon V2 Price (SFM)

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.

Who Are the Founders of SafeMoon?

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

Related Pages:

Learn more in our deep dive on SafeMoon.

Check out SafeMoonSwap, the popular decentralized exchange by SafeMoon.

Learn more about DeFi here.

Want to keep track of SafeMoon prices live? Download the CoinMarketCap mobile app!

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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.

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.

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.