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One important thing to point out is that, originally, SafeMoon was powered by the SafeMoon (SAFEMOON) cryptocurrency. However, in December 2021, it released a new version, known by the ticker handle of SFM. Where can you buy safemoon crypto SafeMoon’s story began last year, when the cryptocurrency launched and almost immediately gathered a lot of attention thanks to its unusual scheme: every time someone sells the SafeMoon token, 5 percent of the proceedings go back to current holders, and another 5 percent is destroyed. This system is designed, in theory, to reduce the supply of the token and drive up its price, encouraging investors to hold SafeMoon instead of speculating and day trading it. As its name implies, it was supposed to be a "safe" way to reach the moon—crypto-speak for when a token's value skyrockets.
This page can be replaced with a custom 404. Check the documentation for "custom 404". Step 8: Connect Metamask wallet to PancakeSwap Now, most crypto investors know a thing or two about volatility. It’s practically part of our DNA at this point. But a lot of that volatility stems from folks getting in and out of crypto positions frequently. SafeMoon is trying to combat that by penalizing sellers with a 10% transaction fee and rewarding holders with passive rewards. Half of that 10% transaction fee is redistributed to those holding the SafeMoon crypto. That means that every time someone exits a position, those who hang on benefit.