Buy SafeMoon (SFM)
What is SafeMoon?
SafeMoon is a decentralised finance (DeFi) token aimed at providing a unique approach to tokenomics by integrating reflection, liquidity pool acquisition, and burn mechanisms. Launched in March 2021 on the Binance Smart Chain (BSC), it is designed to encourage long-term investment and reduce selling activities.
How does SafeMoon work?
SafeMoon works by imposing a 10% transaction fee. Half of this fee (5%) is redistributed to existing token holders as a form of static rewards, and the other half (5%) is automatically added to the liquidity pool. This structure is intended to incentivise holding by rewarding long-term investors and discouraging selling.
What are the potential use cases for SafeMoon?
SafeMoon's potential use cases encompass staking through platforms like SafeEarn, which allows holders to potentially earn more SafeMoon by staking their tokens. It also includes providing liquidity on decentralised exchanges like SafeMoon Swap, enabling cross-chain transfers via SafeMoon Bridge, and using the SafeMoon Wallet for crypto asset management. Additionally, SafeMoon has applications in DeFi sectors and grander community-driven projects.
What is the history of SafeMoon?
SafeMoon was created by Kyle Nagy in March 2021 and quickly gained popularity due to its distinctive tokenomics and endorsements from celebrities, reaching a peak market cap of $17 billion in April 2021. Braden John Karony served as CEO, bringing experience from his previous role as a US Department of Defense analyst. However, the project encountered significant setbacks, including legal challenges with allegations of fraud, which culminated in a Chapter 7 bankruptcy declaration and its shutdown in December 2023.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of SafeMoon (SFM)?
The SafeMoon price is $0.00005278 AUD, representing a -4.74% from the day prior.
Where is the best place to buy SafeMoon (SFM) in Australia?
The best place to buy SafeMoon (SFM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell SafeMoon (SFM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of SafeMoon (SFM)?
The trading volume of SafeMoon (SFM) is $169.9K AUD in the last 24hrs, representing a -4.74% from the day prior.
How can I buy SafeMoon (SFM)?
SafeMoon (SFM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of SafeMoon (SFM)?
The current market cap of SafeMoon (SFM) is $42.6M AUD.
Can I convert SafeMoon (SFM) to cash?
Yes - With Coinstash you can convert your SafeMoon (SFM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many SafeMoon (SFM) are there?
The current circulating supply of SafeMoon (SFM) is 555.8B.
Is Coinstash a safe place to buy SafeMoon (SFM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling SafeMoon (SFM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.