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SAFEMOON price
If you keep up with crypto news, you may have heard the name Safemoon quite a lot in the first half of 2021. If you are interested in day trading, talk of Safemoon’s high volatility and rapidly increasing market cap may have piqued your interest. Maybe you’re looking to buy, hold and capitalize on the next big crypto price rally. Where do i buy safemoon crypto But that doesn’t mean you have to stay out of crypto entirely. “Rather than risking your money on a token that is difficult to buy, and may become impossible to sell, consider a coin that is in the top 20, listed on all major exchanges, or invest in a diversified crypto fund. With major recognized names and decent market liquidity, it will be easy to exit your position when you need to sell,” he says.
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How To Secure Your Privacy While Trading SafeMoon
Moore shares this skeptical tone. While he finds some positives with SafeMoon, on the whole, he is cautious. "Some experts have compared SafeMoon to a multi-level marketing scheme, designed to only get certain players rich. Furthermore, I think that it's definitely alarming that it was reported that the SafeMoon CEO owns more than 50% of the liquidity," Moore says. While there is a lock-up on these funds, it's still concerning to see so much centralization of the coin's ownership. The SafeMoon Protocol V2 is a community focused DeFi token that forms part of the expanding SafeMoon ecosystem. This alternative asset has a clever strategy for rewarding long-term owners. Clayton Moore, CEO of NetCents Technology (OTCMKTS: NTTCF), a cryptocurrency-based payment processing platform, explains: "Unlike most other cryptocurrencies, SafeMoon penalizes investors who sell it by imposing a 10% exit fee. Half of that fee is redistributed to all SafeMoon holders, while the other half is burned. The company promises to implement a burn strategy that is beneficial and rewarding for long-term holders."