Safemoon News Today | Safemoon AMA | Cryptocurrencies are exploding in popularity and mainstream awareness. Part of that is because of the skyrocketing values of some of those coins. A prime example is the meteoric growth of Bitcoin over the years. Bitcoin’s price started at $0.0008 at its debut in 2010 and soared to recent highs of more than $60,000. Of course, Bitcoin isn’t the only cryptocurrency on the market. There are thousands of similar digital currencies available, with more being created every day that might be the next big cryptocurrency.
One such cryptocurrency is Safemoon. SafeMoon is an altcoin that just launched in March 2021. This coin is a community-driven, fair-launched DeFi token. In just a couple of months, there are already more than 2 million holders.
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The coin has a market cap of $2.2 billion and is currently trading around $0.000002363. An unusual feature of the currency is that it penalizes users who sell their tokens. A 10% fee is applied to the seller, and half of that is redistributed to other holders. The token in his few months of being created has developed from just being a meme coin to a utility token.
While we patiently await the release of the Safemoon wallet within the next couple of days, the next big thing on the team agenda is the Safemoon blockchain. The blockchain will give Safemoon a use case value. Just like the likes of Cardano, Ethereum Classic, Bitcoin, Binance. When a project has a use case, it means it’s going to be a worthwhile investment in the future.
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