What is SafeMoon?
Before you hop on a nearby starship to a SafeMoon-supported crypto exchange, let ‘s whip out our metaphorical telescopes and soar in on what SafeMoon is all about. What is SafeMoon ? ( persona credit : Future/Snappa ) SafeMoon, which operates on the Binance Smart Chain blockchain, launched on March 8, 2021, but it took off like a rocket on Twitter and TikTok in mid-april, sparking interest among many crypto investors. On April 20, Binance even had to temporarily suspend withdrawals from its platform due to the sudden inflow of SafeMoon investors .
# BNB withdrawals are temporarily suspended due to a large book increase causing a withdrawal reserve. Rest assured our team is working on it.We apologize for any inconvenience caused and thank you for your patience. April 20, 2021
Before you buy the swerve token, you must know that SafeMoon penalizes sellers with a 10 % fee, and redistributes half to other keepsake holders to incentivize buy and holding. SafeMoon was created to address several problems plaguing cryptocurrencies today, including price volatility and crypto investors ’ badly substance abuse of premature sell ; hence the 10 % deal fee. Crypto blogger Lou Bagel says the top of SafeMoon is that you ’ ll keep making money as raw people buy in, but the downside is that if no matchless buys SafeMoon, investors will receive 5 % of nothing and the low requirement will cause the price to plummet. According to CoinMarketCap, SafeMoon was trading at around $ 0.000002 on April 18. Two days belated, SafeMoon skyrocketed to an all-time high of $ 0.00014 — an increase of closely 7,000 %. If you invested $ 1,600 into SafeMoon on March 22, you ’ d have a sock $ 60,000 a calendar month by and by .
How to buy SafeMoon on Trust Wallet
How to buy SafeMoon ( image credit : Six Days LLC ) 9. Head back to TrustWallet ’ s main page and you should see that your Smart Chain ordering is fulfilled. Using PancakeSwap to convert Smart Chain to SafeMoon For the following fructify of instructions, if you have an Android device, you can skip the first tone. But if you have iOS, you ’ ll motivation to follow the first gear measure to access PancakeSwap ( a decentralized marketplace that lets you buy SafeMoon ). How to buy SafeMoon ( image recognition : future ) 1. ( Only for iPhone users) Open Safari and visit PancakeSwap. Tap on “Connect Wallet.” Tap on “ Trust Wallet” and tap on “Trust.” You ‘ll be prompted to login to your Trust Wallet account. last, solicit on “Connect” on the “PancakeSwap wants to connect to your wallet” window. Skip to step 4. How to buy SafeMoon ( image credit : future ) 2. In the TrustWallet app, water faucet on “ dApps ” on the bottom taskbar. adjacent, tap on “PancakeSwap.” How to buy SafeMoon ( image credit : Six Days LLC ) 3. Tap the “ Connect ” button on the top-right corner and hit “ TrustWallet. ” You should see that your Smart Chain tokens are now in PancakeSwap. 4. Tap “ Select a currency ” and type in SafeMoon ‘s contract address into the search barricade. As of this writing, Safemoon ‘s contract address is h0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5 ( You can double check this on CoinMarketCap under “ Contracts ” ). 5. A comment will pop up to inform you that SafeMoon taxes a 10 % fee on each transaction. ( It will besides ask you to take “ slippage ” into account, which is when the execute price is different from the initial quote ; you ’ re required to allow a 12 % buff. ) How to buy SafeMoon ( trope credit : Six Days LLC ) 6. Tap on the picture next to the time symbol on the top-right corner, and as requested by PancakeSwap, set your slippage tolerance to 12 %. Click “ X ” to save and exit the window 7. Tap “ Swap ” and “ Confirm Swap. ” This will prompt a “ Transaction submitted ” message to pop up. 8. Click on “ View on BscScan. ” The condition banish should say “ Success, ” proving you successfully converted Smart Chain into SafeMoon. die PancakeSwap. How to see SafeMoon in your TrustWallet At this point, you ‘re credibly wondering, “ Okay great, I bought some SafeMoon, but where are they ? ” Do n’t worry ! Follow these steps to enable SafeMoon in TrustWallet and confirm that you have them in your possession. 1. Copy SafeMoon ‘s Contract Address here : 0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5
2. Navigate back to TrustWallet ’ s independent page. Click the blue icon on the top-right corner and scroll to the bottom. 3. In the research bar, type in “ safe. ”
4. Tap on “ Add Custom Token. ” Change the network from Ethereum to Smart Chain. Under “ Contract Address, ” paste SafeMoon ‘s Contract Address. Tap “ Save. ” 5. Voila ! You should see your SafeMoon tokens in the TrustWallet app. Keep in mind that SafeMoon is hush in its infancy, then while some are affirmative that it ’ s the future Dogecoin, others are doubting — it ’ s fair besides early to tell whether SafeMoon is headed for enormousness or ruin. As with any investment, you should assess your hazard allowance and act accordingly .
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