Safe moon crypto price how to#
Safe moon crypto price download#

Navigate back to TrustWallet’s main page. Exit PancakeSwap.Īt this point, you're probably wondering, 'Okay great, I bought some SafeMoon, but where are they?' Don't worry! Follow these steps to enable SafeMoon in TrustWallet and confirm that you have them in your possession.ġ. Click on “View on BscScan.” The status bar should say “Success,” proving you successfully converted Smart Chain into SafeMoon. Tap “Swap” and “Confirm Swap.” This will prompt a “Transaction submitted” message to pop up.Ĩ. Tap on the icon next to the time symbol on the top-right corner, and as requested by PancakeSwap, set your slippage tolerance to 12%.

Safe moon crypto price how to#

How to buy SafeMoon (Image credit: Six Days LLC)Ħ. Open the app and tap “Create a new wallet.”

Safe moon crypto price download#

Download the Trust: Crypto & Bitcoin Wallet app from the app store (on iOS and Android).Ģ. For this guide, I’ll be using PancakeSwap as the primary exchange for SafeMoon.Ĭonvert BNB to Smart Chain via Trust Walletġ. Purchasing SafeMoon isn’t the most straightforward process, but with these easy-to-follow, step-by-step instructions, you’ll have your tokens in no time. If you invested $1,600 into SafeMoon on March 22, you’d have a whopping $60,000 a month later. Two days later, SafeMoon skyrocketed to an all-time high of $0.00014 - an increase of nearly 7,000%. Crypto blogger Lou Bagel says the upside of SafeMoon is that you’ll keep making money as new people buy in, but the downside is that if no one buys SafeMoon, investors will receive 5% of zilch and the low demand will cause the price to plummet.Īccording to CoinMarketCap, SafeMoon was trading at around $0.000002 on April 18. SafeMoon was created to address several problems plaguing cryptocurrencies today, including price volatility and crypto investors’ bad habit of premature selling hence the 10% selling fee. Last week a number of finance experts told Newsweek about the risks associated with investing in cryptocurrencies.Īndreas Park, associate professor of finance at the University of Toronto, said: 'Crypto assets are at the very high-risk end of the spectrum and it is entirely possible that many of these assets will disappear within a few years.Before you buy the trending token, you must know that SafeMoon penalizes sellers with a 10% fee, and redistributes half to other token holders to incentivize buying and holding. It is not clear which audit Gokhshtein meant but CertiK, a cryptocurrency security ranking platform, is in the process of assessing SafeMoon. Newsweek has contacted SafeMoon and its CEO John Karony for comment, but has not received a response.ĭavid Gokhshtein, a prominent cryptocurrency investor, wrote in a tweet on Monday: 'Talk to me about SafeMoon when the security audit is done.' Better case, this was a euphoric rally driven by TikTok and other viral marketing engines.' He told Markets Insider: 'Worst case, this is a scam or Ponzi scheme.

John Wu, president of Ava Labs-which developed the Avalanche platform for building crypto networks-said SafeMoon had benefited from social media hype. SafeMoon's dev team says the token will be available in the Middle East soon and announced a China launch on Tuesday. Cryptocurrencies are infamous for volatility and the price of SafeMoon is tiny compared to bitcoin, the best-known crypto, which is valued at $54,000. SafeMoon is currently valued at around $0.000005, down around 10 percent in the past 24 hours and around 60 percent from its all-time high. The currency's price rose to a high of around $0.000014 on April 20, though it fell sharply afterwards. Its social media community often rallies when news is released about the crypto, sharing the #SafeMoon hashtag. The token has attracted a great deal of attention online since its launch-it is the most-viewed currency on the listing site CoinMarketCap. Half of this fee is redistributed to people who still own the currency, known as 'holding.' SafeMoon works by issuing a fee of 10 percent to people who decide to sell the token. The cryptocurrency, which was set up last month, has been listed on a number of other exchanges, including ZBG, but has yet to make its debut on major platforms such as Binance or Coinbase.

Tesla Sells Bitcoin, Elon Musk Denies Pumping and Dumping Cryptoĭetails on the proposed SafeMoon exchange are scarce.

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