![]() The company has launched other services, such as the SafeMoon Wallet, and plans to create a SafeMoon Ecosystem. It could also cause the price to eventually stagnate as some people wait for the price to sell while others hold on to their investment to avoid the sales penalty. It’s too soon to tell whether the SafeMoon sales tax will go away as the cryptocurrency stabilizes.įor now, it’s designed to encourage people to hold their coins, and it seems to be working. ![]() ![]() In theory, you can make money if you continue holding SafeMoon while others sell it - in fact, many early adopters have. So for every transaction, 5% is moved to a liquidity pool, and 5% is distributed to holders. Half of the coins from the 10% tax are moved to a liquidity pool, while the other half is distributed to existing holders. This is a mechanism in the form of a 10% sales tax for buying and selling coins. SafeMoon’s reflections feature has drawn many investors to buy this crypto coin. Over one million holders invested in SafeMoon in its early days. This is about the popular crypto phrase you’ve probably heard from Doge and Shiba Inu holders, “to the moon.” The slogan of the currency is “safely to the moon”. SafeMoon launched in March 2021 on Binance Smart Chain, a new development in the post- Bitcoin era, which is not as accessible to investors as Bitcoin or Ethereum.īinance’s dual-chain architecture allows users to create apps and assets on one blockchain and build value by trading on another.
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