| General information | |
|---|---|
| Global rank: | 4947 |
| Name: |
SAFEMOON SOLANA |
| Symbol: | SAFEMOON |
| Current coin price (ETB): | 0.005 Br |
| Last hour: | arrow_downward-0.540 % |
| Last 24 hours: | arrow_downward-35.43 % |
| Last 7 days: | 29.36 %trending_up |
| Capitalisation (ETB): | 0.000000 Br |
| Volume 24h (ETB): | 1 631 334.93 Br |
| Available supply: | 0.000000 SAFEMOON |
| Total coin supply: | -1 SAFEMOON |
| Start date: | 2021-03-01 |
SAFEMOON SOLANA/Ethiopian Birr (SAFEMOON/ETB) price chart
SAFEMOON SOLANA/Ethiopian Birr (SAFEMOON/ETB) capitalisation and volume charts
SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.
SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps. With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
SafeMooon Protocol will be expanding to include an NFT marketplace and coin launchpad which will allow users to create their own cryptocurrencies via the platform. SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.
SafeMoon launched on Mar. 8, 2021.