Eight Real Reasons Why SafeMoon Is Going To Reach $1 This Year

https://www.reddit.com/r/SafeMoon/comments/n91y3p/safemoon_nyc_7am/?utm_medium=android_app&utm_source=share
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Post First Published: – 17th August 9:24 AM 2021 Post First Updated: 28/08/2022 6:28 PM Twitter – @KingFutura

Disclaimer: This post is quite old and was apart of a Cryptocurrency focus during 2021 when the wider market and especially the SafeMoon project was doing a lot better.

This is of course, not financial advice and please do your own research before investing your money into any cryptocurrency project, including SafeMoon and others.

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  1. The Community

The Community of SafeMoon is one of the most vibrant in the cryptocurrency space currently with more than 301 Thousand Members of the main SafeMoon subreddit.

SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow.

2. Celebrity Support

3. Publicity

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WTF Is SafeMoon, the Cryptocurrency Pushed by Jake Paul and KEEMSTAR?

SafeMoon is megaviral, has famous fans, and promises investors eventual riches. For some, the risky investment sounds like it’s just too good to be true.

BM

By Ben Munster

29 April 2021, 12:14am

https://www.vice.com/en/article/4avd4d/wtf-is-safemoon-the-cryptocurrency-pushed-by-jake-paul-and-keemstar

8 Things to Know Before You Buy Safemoon

by Lyle Daly | Published on July 10, 2021

https://www.fool.com/the-ascent/cryptocurrency/articles/8-things-to-know-before-you-buy-safemoon/

https://www.cryptelicious.com/2021/07/31/8-things-to-know-before-you-buy-safemoon/

4.

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SafeMoon is a cryptocurrency token that promises potential investors the moon—that is, when a token reaches a sky-high value. The idea is that Safemoon will reach the moon “safely” (get it?), its creators say, by exploiting the Rube Goldberg-like mechanics of programmable tokens and a critical mass of social media-driven investment to boost its value. To some, it’s an opportunity for profit, but to many it looks a lot like a complicated and risky scheme just waiting to crumble into a mess of broken dreams. 

SafeMoon is designed to discourage selling by levying a ten percent tax on sellers. Of that ten percent tax when someone sells their SafeMoon, five percent is distributed back to current holders, and the other five percent is destroyed, reducing the supply and supposedly driving up the price. That’s pretty much it, and it’s cannily similar to a ton of other cryptocurrency projects for which holding generates continual interest, a process known as “yield farming.” With SafeMoon, however, a lot of money has to pour into the cryptocurrency for it to produce any benefit for its holders, as well as anybody who wants to eventually cash out their holdings when the potential gains surpass the loss from the sale tax. 

5.

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https://www.newsweek.com/safemoon-news-coinbase-listing-ama-1586330

6. https://www.coingecko.com/en/coins/safemoon

Interest from investors

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7. What is undeniably brilliant about SafeMoon is that it couches the promise of wild gains in language which is at once high concept and transparently superficial. The stated purpose of the token is to “yield farm,” to “lock in value,” to develop circular “educational” content, all of which serves to produce a perpetual motion machine of holding, selling, taxing and rewarding that forms its own kind of pointless ecosystem, shuttered away on some speculative moonbase, entirely self-contained in the cold vacuum of crypto space, one small step for profiteers and a pratfall for mankind. 

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8. In conclusion the vibrant community coupled with celebrity support and mainstream appeal as well as alot of negative press makes a perfect situation for this coin to fly.

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