Safemoon developers created it in March of 2021. It is a digital currency that exists only online for the sake that it might become a world currency one day. This cryptocurrency is fairy young because it is less than a year old as I write this article.
Every cryptocurrency has its ups and downs because nothing is perfect in this world. However, Safemoon came up with the unique idea that encourages people to hold even in the cryptocurrency bear market. The Idea that Safemoon sells to holders is called “tokenomics.” In other words, you get paid for not selling. Three things happen when somebody sells their position.
The gas fees: 10% (this is how much they tax you when you sell}
Reflection: 5% is reflected to all holders for passive income
LP Acquisition: 5% is added to a liquidity pool
The Burn wallet (the biggest holder) receives a portion of the reflections, never to be seen again.
The reflections are distributed to holders for passive income based on how many coins/tokens they own. The more tokens you own, the more you receive. The burn wallet receives most of the reflections because it is the biggest holder now.
Safemoon has many different projects coming soon in 2022. Some of those differentiate Safemoon from other cryptocurrencies because you can argue that it will be a real-world case used once all the tasks are complete. Let’s look at the lists of projects that Safemoon has or is working on right now.
Safemoon Wallet: Safemoon wallet is already out, and the majority of Safemoon holders use it to buy Safemoon and other cryptos that can/can’t trade on major exchanges.
Safemoon V2 Contract: Safemoon V2 is already out, and people can swap or buy it from Safemoon wallet only for now. People can no longer purchase or sell Safemoon V1. it is no longer supported on Pancake swap. It is highly advised not to sell or transfer your Safemoon tokens to other exchanges because the tax rate is 100%. If you attempt to transfer or sell your Safemoon V1 contract, you will lose your whole amount. Although, you can Migrate to Safemoon wallet and then swap it to Safemoon V2. You can migrate from V1 to V2 at any time, but you can’t buy or sell a V1 contract.
Safemoon Exchange: This exchange will be revolutionary because it will bring the tokenomics system to the whole cryptocurrency market ecosystem. This idea will bring more people to Safemoon Exchange because who wouldn’t hold and receive passive income.
Safemoon Blockchain: The Safemoon blockchain is another project people are waiting for because we encourage other projects to build on the Safemoon blockchain, which will bring in more revenue for the business.
The wind Turbines: This project is underway, and it should also come out sometime next year.
Projects Phoenix: There’s a rumor on what this project could be, but nobody knows what this project is ready about. However, The Safemoon CEO said that they would launch the video on this project before the end of 2021. The whole Safemoon community is curious to see what is in this project.
The Gambia project: Safemoon is planning to make Safemoon the currency of Gambia. If this happens, it will be suitable for the Gambian people because the more Safemoon they invest, the richer they become.
MoonCraft: It is a Minecraft server used as a testbed for integration with Safemoon and other technologies. It features several game modes, active development, and new proprietary technology.
Safemoon is more of a technology company because it does way more than other cryptocurrencies. It is revolutionary, and many people are excited about what’s to come in the years ahead. 2022 will be a good year for Safemoon because it will be listed on the two exchanges even though no one knows what those exchanges are. If it gets to significant crypto brokers, the trading volume will increase by a lot which will burn more tokens, and the price per token will continue to rise. At Bako Invest LLC, we predict that Safemoon might touch more than 0.01 at the end of 2022.
Safemoon is a good organization (in our opinion), and it will make a lot of people wealthy because the longer you hold, the more tokens you can accumulate. At Bako Invest LL, we are so excited about what is to come for Safemoon In 2022 and years ahead.
Disclaimer: I am not a financial adviser. Everything I say or write is based on my point of view. Do your DD and research before you invest your hard-earned money.
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