According to the SAFEMOON white paper, this decentralized platform is designed to compensate HODLs.
In order to provide a deterrent to selling tokens, if token holders wish to liquidate each transaction is levied a “tax”.
The fee is 10% with half of this fee (5%) is redistributed to all of the non-selling token holders, and the other 5% is then split in half again, with 50% sold by the contract into BNB.
The remaining 50% (of the second 5%) is automatically added to PancakeSwap as a liquidity pair.
Safemoon is considered a very speculative investment and involves a higher risk than most cryptocurrencies. Investors should only invest what they can afford to lose.
We feature the top Brokers to Buy Safemoon safely.
Gate.io was established in 2013, while it is not one of the most popular exchanges, they do offer a reputable trading platform with an easy to use interface for beginners while still maintaining robust and advanced charts for various types of skill levels including technical traders. They have a large number of altcoins including Safemoon (SAFEMOON). While we do have some concerns with trustworthiness (please see review) they do have a strong stance against any type of market manipulation.
This is our most recommended exchange for USA & International residents.
Read our Gate.io Review or visit Gate.io
PancakeSwap is a decentralized exchange for swapping tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. While this is a good option to purchase Safemoon (SAFEMOON) we only recommend this platform for advanced users, due to the fact that this is exchange is decentralized, meaning there is almost zero recourse should you make an error. The interface and terminology on the website are also confusing and not for the faint of heart.
We are currently searching for a 3rd option to feature, we will add once additional reputable exchanges add this token.
MXC Exchange was established in April 2018. There is very little information regarding this cryptocurrency exchange, we have been unable to verify the identify of the beneficial owners or other relevant information. Nonetheless, it is one of the few digital asset platforms that offers trading opportunities with SAFEMOON cryptocurrency.
Due to the intentional attempt to hide the actual ownership of MXC we recommend that users avoid this exchange and purchase SAFEMOON on Gate.io instead.