What is Safemoon, let's get to know each other.
What is Safemoon, let's get to know each other.
When it comes to the name of Safemoon Coin, many of you in the crypto industry will probably know it because it was once. Cryptocurrency It is especially popular with Thai investors, but last year there was an incident that caused those popularity to drop shockingly as prices plummeted as much as 70% within a month's time. But we will get to know more about this coin in case there are still people who don't know.
Safemoon is a coin designed for use in DeFi (Decentralized Finance), i.e. decentralized financial transactions. The crypto coins of this transaction are used for borrowing, issuing and exchanging crypto pairs. Safemoon coins have a unique mechanism. That is, there is a purchase-sell of Safemoon coins. Buyers and sellers are subject to a 10% fee per transaction. And most importantly, Safemoon is not on any crypto exchange, if you want to hold it, you have to redeem from DeFi platforms.
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