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What Is Safemoon – Exploring the Various Aspects of the New Crypto Token

The new cryptocurrency is drawing a lot of attention from people who are keen to know what it is Safemoon and whether it can be a safe investment.

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What Is Safemoon – Exploring the Various Aspects of the New Crypto Token

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  1. What Is Safemoon – Exploring the Various Aspects of the New Crypto Token By Josie Patra June 22, 2022 Image source: Hendrik Heemskerk/Shutterstock.com Article Overview     What is Safemoon? The Financial Aspects of Safemoon Is Safemoon a Scam? Further Reading Those curious about Safemoon can gather enough insights from this article. The safe moon crypto is the new kid on block. It was launched in March 2021. The token, accompanied by high transaction fees of 10%

  2. and equally high volatility, has generated a lot of social hype. Like other renowned cryptocurrencies like Ethereum and Bitcoin, Safemoon uses the distributed ledger technology created on the Binance Smart Chain blockchain. The creators claim that the purpose of making the new token was to encourage long-term investment. 50% of the transaction fees go to the long-term holders and the remaining to a liquidity pool that aids the price stabilization of Safemoon.

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