Checking out Safemoon
This morning I started the day watching the Crypto Mondays Show by @jongolson and @blainjoines and they were speaking about Safemoon. I've heard people talking about this coin a lot lately and I decided today to make some research and check out what it is.
An interesting concept
From a tokenomics point of view, I quite like this project. I've tried to explain how it works in the video.
Here some resources that may come in handy when dealing with safemoon:
- Pancakeswap to buy Safemoon with BNB
- BscScan for the Safemoon Burn account
- Website that shows the actual burn rate
I consider the coin as quite high risk because it's very experimental and I encourage to make your own research before investing. I have invested 10$ that I'm totally willing to loose. If the project develops positively, I believe I won't need much money to participate in the profits :-)
Let's connect ! You can find me on these platforms:
▶️ 3Speak
ha ha ha ha ha Oh boy!
If you are taking advice from us, watch out LOL
I always try to put myself out of the comfort zone and try new things. You webinar was a nice motivation to check it out ;-)
!ENGAGE 20
ENGAGE
today.Lol its a YOLO gamble I guess for you. I hope it works out for you since I think its risky.
Posted Using LeoFinance Beta
You are totally right, it's kind of experimental in my opinion but I'm willying to invest 10$ to try it out. I wouldn't put more in it however :-)
!ENGAGE 20
ENGAGE
today.Thanks for the review! I also saw them talking about it and was a bit curious. You saved me the research time.
That's a risky project, despite the apparent long term orientation. What happens if the value of the token plunges? It doesn't really matter that one keeps getting more of them with each transaction (and actually less with time, since the burn account grows more rapidly than every other account), if the token becomes worthless.
Posted Using LeoFinance Beta
You need to have 1000 ENGAGE, in order to use this service.
That's exactly the problem that I see as well. Once the token isn't so "shiny" anymore, there will be less transactions and people will rather sell than buy. If you get a lot of coins worth nothing then it's kind of stays worth nothing lol. Thanks for stopping by!
!ENGAGE 20
ENGAGE
tokens.Saw that one Live it was great, those guys crack me up. They give out good info without boring us to death. Great article and yup it is a definite risk, that being said thank you for the links they are very useful :-)
I've been watching their shows for quite some time. It never tires ;-). Thanks for stopping by!
!ENGAGE 20
ENGAGE
tokens.Congratulations @achim03! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 17000 upvotes.
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:
Support the HiveBuzz project. Vote for our proposal!