Article Summary, Automatically Generated By AI
About SafeMoon V2
Key Points:
- SafeMoon is a human-focused technology and innovation business expanding blockchain technologies.
- It has four functions: Reflection, LP Acquisition, Token Burn, and Growth Fund.
- Token holders earn more SAFEMOON depending on the number of tokens they hold.
- SafeMoon Protocol will expand to include a Centralized Exchange and NFT marketplace.
- SafeMoon V1 migrated to SafeMoon V2 with a 1:1000 ratio.
Numbers and Figures:
- 1,000,000,000,000: Total supply of SafeMoon V2.
- 223,
Introducing SafeMoon V2: A New Era of Innovation
Introducing SafeMoon (SAFEMOON): A Comprehensive Overview
A pioneering technology and innovation enterprise, SafeMoon is propelling the boundaries of blockchain technologies to forge a brighter future. Fueled by its award-winning community, the SafeMoon Army, the company is driven to innovate for the greater good. By crafting cutting-edge blockchain, commerce, metaverse, and NFT solutions, SafeMoon is unlocking novel value propositions from crypto technology, and harnessing its potential to drive meaningful impact.
According to the SafeMoon website, SafeMoon is a decentralized finance (DeFi) token that boasts a quartet of functionalities, which are triggered with every trade: Reflection, LP Acquisition, Token Burn, and Growth Fund, thereby fostering a multifaceted ecosystem.
SafeMoon is now embarking on the second phase of its mission – harnessing its technological prowess to catalyze groundbreaking innovations for the greater good, and pioneering a Venture Philanthropy model to disseminate these innovations globally.
Through the SafeMoon Protocol, token holders will accrue additional SAFEMOON tokens in direct proportion to their existing holdings. Furthermore, the protocol’s innovative coin-burning strategy will drive up its value over time, effectively rendering it a deflationary digital currency.
The SafeMoon Protocol is poised to undergo a significant expansion, incorporating a Centralized Exchange and NFT marketplace, thereby complementing its existing Decentralized Exchange and Mobile App. With its growing popularity, the protocol boasts an ambitious roadmap, aiming to unveil a plethora of products by the end of 2022.
In December 2021, SafeMoon V1 underwent a significant transformation, migrating to SafeMoon V2, while maintaining its original supply, albeit consolidated at a ratio of 1:1000.
The Visionaries Behind SafeMoon: Unveiling the Founding Team
At the helm of SafeMoon is John Karony, who serves as the esteemed Chief Executive Officer, as stated on the official website.
What Is the Circulating Supply of SafeMoon (SAFEMOON) Coins?
Following a successful migration from SafeMoon V1 to SafeMoon V2, the token’s supply underwent a 1:1000 ratio adjustment. Consequently, the total supply now stands at 1,000,000,000,000, comprising 223,000,000,000 burned dev tokens and a fair launch supply of 777,000,000,000.
The SafeMoon protocol operates on the following principle: with each trade, a 10% fee is imposed on both buy and sell transactions, which is subsequently allocated as follows: 4% is redistributed among all token holders at the time of the transaction, 3% is channeled towards augmenting liquidity, 2% of the tokens are permanently removed from circulation, and 1% is allocated to the SafeMoon Ecosystem Growth Fund.
As of May 20th, 2022, the current circulating supply stands at 563,253,043,834 tokens, a figure influenced by the token burn function.
The Safemoon Network’s Robust Security Framework: A Comprehensive Overview
The SafeMoon Protocol has implemented a multi-faceted approach to ensure the security of its protocol: the developer has relinquished all tokens in the Dev Wallet prior to launch, and a fair launch was facilitated on DxSale, with a liquidity pool (LP) generated with every trade, thereby fostering a secure and transparent ecosystem.
In Which Exchanges Can You Acquire SafeMoon (SAFEMOON)?
As of May 2022, SafeMoon (SAFEMOON) is listed on a multitude of prominent exchange platforms, including SafeMoonSwap, Decoin, Gate.io, BitMart, ZBG, BiKi, LBank, Hoo, Hotbit, MEXC, Bitbns, Bitrue, WhiteBIT, KickEX, and BitForex, thereby offering users a diverse range of trading options.
SafeMoon is listed with a diverse range of price pairs, including prominent ones such as SAFEMOON/WBNB, SAFEMOON/USDT, and SAFEMOON/BUSD. To access the live SafeMoon price in your preferred fiat currency, you can utilize CoinMarketCap’s converter feature, conveniently located on the SafeMoon price page. Alternatively, you can visit the dedicated exchange rate converter page. Notable SafeMoon price pairs include SAFEMOON/USD, SAFEMOON/GBP, and SAFEMOON/EUR.
For a comprehensive guide on purchasing cryptocurrencies with fiat currencies, please visit CoinMarketCap’s esteemed educational resource, Alexandria, for in-depth information.
Associated Resources:
Delve deeper into the world of SafeMoon with our comprehensive guide.
Discover SafeMoonSwap, the premier decentralized exchange powered by SafeMoon.
Delve into the realm of Decentralized Finance (DeFi) and discover its vast potential
here
.
Stay up-to-date with real-time SafeMoon price movements by downloading the CoinMarketCap mobile app!
Unveil the most recent cryptocurrency revelations, news, and expert trading analysis with CoinMarketCap Alexandria, your premier destination for staying ahead in the crypto landscape.