SAFEMOON up 1000% in a day || Why is the price up so much? || What is SAFEMOON?

Описание: SafeMoon is up a lot over the last 2 days. In this video I talk about how it rewards holders and sellers pay a 10% 'tax' amount. It is a community coin and so even the developers were not allocated any SafeMoon. 366 trillion coins have been burnt so far. The supply is constantly decreasing and 5% of each sale is locked away as liquidity in PancakeSwap. Holders get the other 5% as a rewards for holding, of the 10% that is taxed from the seller.

SafeMoon have plans to get into NFT later this year but have not provided details. Until then, they will be focused on marketing and getting listed on more exchanges.

This is not financial advice.

#safemoon #crypto #newcoin