SafeMoon

From Simple English Wikipedia, the free encyclopedia
SafeMoon
Formation2021
HeadquartersPleasant Grove, Utah, US
ProductsCryptocurrencies
Key people
Braden John Karony (CEO)
Websitehttps://www.safemoon.com

SafeMoon LLC is a cryptocurrency and blockchain company that was created in March 2021.[1] They also have a cryptocurrency token called SafeMoon (SFM) that trades on the Binance Smart Chain blockchain. The token charges a 10% fee on transactions, with 5% redistributed to token holders and 5% directed to wallets in a different currency, Binance Coin (BNB), controlled by the token's creators.[2][3] The token reached its highest market cap in April 2021, but has since dropped significantly in value.[4]

References[change | change source]

  1. DeCambre, Mark. "Why is crypto SafeMoon trending, and why is Dave Portnoy using it to diversify his bitcoin exposure?". MarketWatch. Retrieved 2023-04-10.
  2. Harper, Christopher (2021-04-23). "What is SafeMoon - The new cryptocurrency and how it compares to DogeCoin". BirminghamLive. Retrieved 2023-04-10.
  3. Ostroff, Caitlin. "Dogecoin's 12,000% Rally Spurs Hunt for Next Crypto Winner". WSJ. Retrieved 2023-04-10.
  4. "To the Moon: How One Cryptocurrency Made People Millions Overnight". www.vice.com. Retrieved 2023-04-10.