SAFEMOON: This Is Why I Invested

avatar
(Edited)

IMPORTANT NOTE:  I am not a professional financial advisor. Therefore; this article should not be considered financial advise. It is always important to do your own in-depth research before deciding to invest in a particular project. Forewarned is forearmed.

A lot of good ones out there. Take them while you can get them. Outsized returns everywhere. That is a great thing.

@taskmaster4450le discussing investments in @leomarkettalk

image.png

Image created by @sgt-dan with GIMP

You can not turn on the television or visit the internet without hearing about cryptocurrency. There has been adoption by traditional institutional investors on Wall Street, municipal and state governments are incorporating it into their budgets, and cryptocurrency ATMs are finding their way into supermarkets. Cryptocurrency is now mainstream!

We have heard the recent stories of people becoming millionaires in a short time with coins based on a "puppy dog". For those just dipping their toe into the world of crypto, the question is: In what coin should I invest? There are thousands to choose from! Friend, if I could answer that question for you I would be a wealthy man.

I am going to introduce you to a coin I just purchased which I believe will do very well in the future, SAFEMOON.

SAFEMOON: What Is It?

SAFEMOON

Image Source: Tom Briglia/Getty Images

SAFEMOON is a different type of DEFI platform. It is all automatic and the only thing to do is buy and hold the coin. No staking, harvesting, deciding which liquidity pools to choose. SAFEMOON calls this their secret sauce.

The white paper put out by the SAFEMOON developers is a very short and explains everything in detail. Probably would take no more than ten minutes to read the whole thing.

SAFEMOON: Who Is It?

The team's resumes are quite impressive. Here is the list of the core members. The names are linked to their LinkedInTM profiles.

John Karony, Chief Executive Officer (CEO)

Thomas Smith, Chief Technology Officer

Henry Wyatt, Research & Development

Jack Haines, Chief Operating Officer

Trevor Church, Community Manager

Jacob Smith, Website Development


SAFEMOON: Why I Invested

There are a number of factors why I invested in the SAFEMOON coin and Dave Portnoy is not one of them. I did not even know who the guy was until I started researching this project! Shows you how much I keep up with crypto news hype!

Utility

This is an excellent project to get started with decentralized finance (DeFi) and is totally automated. This is much like buying into a mutual fund. The dividends are paid in SAFEMOON coin.

They are also working with MINECRAFTTM on a partnership as well as creating their own game.

Secure

SAFEMOON has been audited by CertiKTM which is a well respected auditing company for DeFi projects. They have also locked a portion for 4 years. This indicates that a rug-pull is not likely.

Price

It is early with this project and the price as of this writing is $0.0000086 USD. I do not see this coin going to $0.01 anytime soon but stranger things have happened. I have just purchased over 1 million of the coins today. I view it as a long term investment.

Community

SAFEMOON has a very devoted community. The team is very active on most of the traditional social media sites.

Social Conscientiousness

In quarter three of this year, SAFEMOON plans to have their own charity project up and running as well as a cryptocurrency educational program.

SAFEMOON: Where Do I Buy It?

SAFEMOON is listed on a number of exchanges to include the Binance Smart Chain (BSC). If one has a Metamask wallet connected to BSC, it is a simple purchase with BNB.

Other places to purchase SAFEMOON (using USDT unless otherwise indicated):

SAFEMOON: Conclusions

I am pretty confident in this project. SAFEMOON seems to be a safe investment to get into early. Will it make me rich? I am not sure, but as Chaucer stated over 600 years ago:

Nothing (nought) venture, nothing (nought) have.


Do you have a SAFEMOON bag or thoughts on this unique project? I would love to know your thoughts. Please leave any insights or experiences you may have had with this project in the comments.

Until next time wishing you and your loved ones blessings and groovy vibes!

Posted Using LeoFinance Beta



0
0
0.000
26 comments
avatar

I would probably join your endeavour here just not sure how to follow you into getting me some.

you say BSC is that just Binance?

0
0
0.000
avatar

You can click on any of the exchanges I have listed and it will take you to that exchanges site for purchasing the SAFEMOON coin.

If you have a Metamask Wallet the process is much simpler. It is just like buying CUB coins as both SAFEMOON and CUB are both on the Binance Smart Chain (BSC).

@leofinance has a guide how to set up the Metamask Wallet with BSC:

https://docs.cubdefi.com/tutorials/how-to-connect-metamask-to-bsc-and-cubfinance

Posted Using LeoFinance Beta

0
0
0.000
avatar

Thanks Sarge I'll keep trying.

0
0
0.000
avatar

You are more than welcome. It can become confusing when dealing with these different coins on the different token types: ERC-20, BEP-20, OMNI, TRC20 and all the others. It drives one to transaction.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I must've signed up to a lot of those links and still for the life of can't figure it out.

First world problems.

0
0
0.000
avatar

Very interesting!

I had no idea about that partnership with Minecraft and their own game. I must admit that I completely ignored safemoon until now but I might give it a go.

Thanks for sharing, Sarge!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Although my crypto portfolio is very small, I try to stay abreast of what they all have going on. I do not do much outside of the HIVE Blockchain, but I found this project interesting due to its uniqueness in the DeFi space.

Maybe be a flash in the pan or it may prove to be very successful. At least it has utility and that is what I was looking at.

Posted Using LeoFinance Beta

0
0
0.000
avatar

over a million? that is a lot. i only got a couple of thousand about a month ago. I can't say so much about e future of the coin, I bought it out for speculative reasons. Hopefully. you are right and it does moon...

Posted Using LeoFinance Beta

0
0
0.000
avatar

You got in earlier than I did. The project is only about 2 months old. Smart on your part to get in so early.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I have heard of the project but I didn't exactly buy into it yet. My primary focus is on CubFinance but I may buy into it in the future using some of my CUB earnings. However I do think focusing on CUB and maybe doing a small gamble on the side might be fine once those CUBs start generating more for me.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I am like you. My focus is primarily on Leo Finance and its projects. Smart Moon is just something I threw a few dollars at since it is so cheap. If it does not do well, I will not get rekt.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Thank you so much @sgt-dan. I got 1 million tokens for myself today since it was down 17%. Now I will forget about them for 3-4 years and let them grow on their own.

Who knows we become millionaires one day! 😂😂

Posted Using LeoFinance Beta

0
0
0.000
avatar

Now you got me questioning if I should have dumped my tokens when I did. I picked up a couple million but then there was a lot of bad press about SafeMoon and I ended up backing out. I honestly think it was only about $50 that I put into it. A little bit buys you a lot of coins at that price!

Posted Using LeoFinance Beta

0
0
0.000
avatar

It was down 38% this morning so I got a couple three million more. That puts me just short of 5 million SAFEMOON coins. For me this is a long term investment.

I like their roadmap, especially the focus on gaming. Since their partnership is going forward with MINECRAFT I see the possibility of them teaming up with other games. I also like their focus on African Nations and charitable works.

The team is a bit eccentric but so am I so it is a good fit for me.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Ugh, You've really got me second guessing myself now. I might have to jump back in!

Posted Using LeoFinance Beta

0
0
0.000
avatar

Now that the price of it is WAY down it could be a new micro buying opp. This is a LONG hold coin for sure, but it's also a new theory being tested. My fears are that everyone will just sit on it and transactions will come to a grinding halt which provides no more burns and rewards to those holding. Best of luck keep us posted!


Posted via proofofbrain.io

0
0
0.000
avatar

They are looking to get involved in gaming and NFTs as well so there is a use case for their coin unlike SHIBU INU and DOGE. Like you said: ...it could be a new micro buying opp[ortunity]. That is what I am betting on. Is not all investment sort of a gamble anyway?

Thank you for your insight and comment. Always greatly appreciated!

Posted Using LeoFinance Beta

0
0
0.000
avatar

I did grab couple millions a while back.
Too many zero before we see a measurable move.
One thing I learn quick about safemoon,
there is a 5% fee everytime you are doing something
with the token. That 5% gets distributed to all
holders for long term.
Another 5% to provide liquidity and fund development
This is really a long term project. patience.
If the price drops couple zero it will be sweet.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @sgt-dan! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 29000 upvotes.
Your next target is to reach 30000 upvotes.
You got more than 5500 replies.
Your next target is to reach 5750 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Tour Update - Account creation and Account Recovery steps
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000