What Is SafeMoon and Why Are So Many People Talking About Its New Wallet?
The SafeMoon Protocol is a community driven, fair launched DeFi Token. Three simple functions
occur during each trade: Reflection, LP Acquisition, and Burn.
SafeMoon is releasing a wallet for beta testing, but details are under wraps.
Cryptocurrency project SafeMoon today opened sign-ups for a closed beta version of its wallet. It’s welcoming 500 users to test the product, which will purportedly hold the SafeMoon token.
SafeMoon, as in a “safe” way for a token to go up in price, has tried a very non-Bitcoiner way of incentivizing people to hold their tokens, which at this point can’t be spent on anything except other cryptocurrencies.
Half of the fee is split among the remaining holders, based on the number of tokens they own. SafeMoon calls these rewards “reflections.”
