|24H||-$ 0.0000157||-7.31%||$ 0.000237||$ 0.000198|
|7D||-$ 0.0000384||-16.2%||$ 0.000289||$ 0.000164|
|14D||-$ 0.000035||-15%||$ 0.000289||$ 0.000164|
|1M||-$ 0.0000641||-24.4%||$ 0.000289||$ 0.000164|
|3M||-$ 0.0000261||-11.6%||$ 0.000298||$ 0.000164|
|6M||-$ 0.000102||-33.9%||$ 0.000475||$ 0.000164|
|YTD||-$ 0.0000408||-17%||$ 0.000298||$ 0.000164|
|1Y||-$ 0.000899||-81.9%||$ 0.00132||$ 0.000164|
SafeMoon Protocol aims to solve the problems of prior cryptocurrencies including mining rewards, farming rewards, and liquidity provisioning. Mining equipment can be both costly and harmful to the environment, but mining remains of interest due to the opportunities afforded by it. As an easy alternative to mining rewards, Safemoon proposes allowing users to participate in a smart contract token reflection to produce tokens inside their own wallets. Another challenge remains to facilitate and maintain liquidity on decentralized exchanges. By nature, decentralized exchanges require liquidity for user participation, thus the responsibility is on the developers to provide it. Historically, developers created incentives aimed at users to provide liquidity which can be outweighed by risk due to the subjectivity of impermanent loss. As a solution, Safemoon proposes utilizing a smart contract function to automatically capture liquidity to be used on the decentralized exchanges and held in custody independent from user possession. Additionally, a smart contract that provides the capability to burn tokens can promote scarcity by reducing the total supply. Together, the combination of these tokenomics may afford far superior benefits for the community within the decentralized venue. Allowing these functions to be amplified and dependent on volume provides an ideal incentive to expedite adoption and foster new use cases.
Safemoon products include:
SafeMoon's current price is $ 0.000199, it has dropped -7.31% over the past 24 hours.
SafeMoon's All Time High (ATH) of $ 0.00349 was reached on 4 Jan 2022, and is currently -94.3% down.
The current circulating supply of SafeMoon is 560.11 Billions tokens, and the maximum supply of SafeMoon is 1.00 Trillion.
SafeMoon’s 24 hour trading volume is $ 726.98 Thousands.
SafeMoon's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 111.40 Million.