Today I will write my opinion about SafeMoon. Safe... what? A new coin that gets hyped a lot on Reddit and 9GAG. Sadly I read 2 different stories about the coin. Some say that SafeMoon is the way to an early retirement and some say that it's a scam. First of all what is SafeMoon?
SafeMoon is a (+-) month old cryptocoin. SafeMoon is a 100% community driven coin. It has three simple functions during each trade: Reflection, LP Acquisition & Burn.
The perfect thing about this coin is that you get more for hodling. How? For every transaction being made there will be a fee of 10%. 5% fee is distributed to all existing holders. 5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the SAFEMOON tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.
The moment people get scared for an increase or decrease they sell. The worth will become less, but you will earn more SafeMoon. When the prize increases you have way more than before, because of the increased amount of coins.
How do I buy SafeMoon?
- Setup Trust Wallet
- Buy BNB
- You can do this on Trust Wallet or on Binance
- If you did it on Binance then you have to send it to your Trust Wallet
- You will find the address when you are on Trust Wallet, click on BNB, click on receive and copy the address.
- Change your BNB to Smart Chain.
- You click on BNB, more and then Swap to Smart Chain.
- Go to you browser on you phone and type: trust://browser_enable
- On Trust Wallet, look for Pancake Swap, press connect it to your wallet.
- Go to coinmarketcap and find and copy the SafeMoon address.
- Paste the address and choose SafeMoon. Select the amount you want to swap and buy.
- Set the slippage to 11%
What is my opinion about SafeMoon?
I am not a financial advisor and everything is my own opinion, but I love it! I bought it because I saw it was being hyped on 9GAG. Then I read more and more and so far it exceeded all my expectations. I will HODL till the moon!
References
https://coinmarketcap.com/nl/currencies/safemoon/
https://safemoon.net/
https://www.binance.com/nl/register?ref=61621045
