SafeMoon is a less than year-old cryptocurrency positioning itself as a renovation tech company. In less than a year, SafeMoon accomplished a lot more than man cryptos that have been in the game for some time. It has Safemoon wallet, Safemoon Swap, Blockchain and exchange coming soon, and more projects to come.
Safemoon is changing the game even though it is young in cryptocurrency.
Many cryptocurrencies like Shiba Inu, Dogelon Mars are listed on the major exchanges even though they are less than a year old and have no utility. On the other hand, Safemoon hasn't been on any major crypto exchange until today, January 31, 2022, because many exchanges are not ready for tokenomics, and Safemoon can't take any deal other than being listed on the exchange that supports its tokenomics system. For those who don't know what tokenomics is, "tokenomics is a reflection or passive income that you get when someone sells their Safemoon tokens. A percentage of those tokens goes to the liquidity pool, Growth account, burn wallet, the rest is redistributed to holders."
Safemoon is now trading on the Mandela Ex
change. This exchange is in the top 100 cryptocurrency exchanges in the world. According to the information we have, Mandela is supporting the tokenomic system. Mandela has $7 billion in daily volume, which is suitable for Safemoon because it will help to reduce the circulation supply.
What's next for Safemoon
SafeMoon CEO John Karony stated that Safemoon would be listed on two major exchanges and now is on Mandela. We should be waiting for Safemoon to list on another exchange soon. 2022 will be the year of Safemoon for many reasons that we have stated in our other articles. If Mandela exchange becomes a success for safeMoon, other exchanges would like to list it. It would be significant to Safemoon if the top 10 exchanges list it. That will increase the volume, which will help to burn more tokens.
Disclaimer: Bako Invest LLC is not a Financial Advice. Everything written is based on own research. Make sure you do your research and due diligence before investing your hard-earned money.
I want to hear your opinion; what price target do you have for safeMoon by December 2022?
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