Bitcoin, in the meantime, is price round $56,000 per coin with a market cap of just over $1 trillion. It is down 1.6 percent over the past 24 hours, while SafeMoon is up around 17 percent. But CoinMarketCap states that cryptocurrency ranking systems normally list tokens based on their market capitalization—the total value of all circulating tokens of a given type. SafeMoon is a relatively coinbase coinmarketcap new cryptocurrency token launched two months ago in early March. It works by charging a 10 p.c fee on each transaction, a few of which is redistributed to others who hold the token. SafeMoon Inu is the results of Doge and Safemoon.
Enjoy the memes, stay for the laughter and work together as a community to explore the galaxy. The team has urged the price tracking site to increase SafeMoon’s ranking because the token is at present placed 2,489th on the planet. The SafeMoon white paper notes that a big drawback within the rising DeFi industry is the existence of high APY LP-farms that don’t have quick access for newcomers to the space. SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity producing protocol. According to an article, SafeMoon plans to develop a non-fungible token exchange, in addition to charity initiatives and crypto instructional apps. Change the wallet network in the MetaMask Application to add this contract.
How Is The Safemoon Network Secured?
Since its launch, it has gained traction as followers of the token repeatedly post ubex coin market cap about it on social media.
With SafeMoon, they aim to use the concept of static rewards so as to remove any strain on the token that would happen when tokens are bought. As well, the white paper notes that their “reflect mechanism“ adds incentive for SafeMoon holders to maintain polymath coin market cap their tokens for longer, or HODL. SafeMoon’s Automatic LP also provides stability to the protocol by offering a price floor/cushion for token holders. SafeMoon’s guide burn strategy also helps SafeMoon token holders in the long term, based on their white paper.