Safemoon crypto currency

SafeMoon – the new cryptocurrency taking the market by storm – continues to soar in popularity since its April launch. It is the latest cryptocurrency to have seen a spike in interest since the turn of the year, following on from the success of Dogecoin, Bitcoin and Ripple XRP in recent weeks.

Due to its newness on the market, little is known about the US-based SafeMoon.

Its website carries the slogan ‘Safely to the Moon’ - a play on the phrase first mooted by WallStreetBets on Reddit in an attempt to hype up the price of Dogecoin.

And, while it has big ambitions, its current market value is someway below the $1 dollar threshold - but has experienced a steady increase in price since its launch.

Its founders have been holding ‘Ask Me Anything’ sessions to reassure potential investors of its legitimacy due to the unregulated nature of cryptocurrencies.

This lack of regulation means its transaction costs are less - making it an attractive tool or investment for people to move digital money around the world.

So how does safemoon works???
Unlike other cryptocurrencies, SafeMoon claims it will reward people who buy its token and hold on to it rather than trade - for which there are penalties in place.

It will impose a 10 percent penalty tax fee on sellers and redistribute five percent of this tax to other people who already own the cryptocurrency.

Some experts say this is high risk as SafeMoon’s success relies heavily on more and more people buying the currency to keep the price up.

SafeMoon’s Facebook page states: “Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.

Go learn more about safemoon go to safemoon.net