What is a safemoon?
If we want to introduce you to SafeMoon digital currency in one sentence, we can say that SafeMoon digital currency is in the category of DeFi currencies or is known as a decentralized financial token. It is important to know that this digital currency has just entered the cryptocurrency market and therefore little information is available about these cryptocurrencies.
In fact, Seif Moon Digital Currency seeks to provide an alternative financial system that is intended to be decentralized. SafeMoon digital currency is based on Bainance or Bainance Smart China. The digital currency was launched on March 8, 2021, but in mid-April this year, its price rose like a rocket and attracted the attention of many investors. It is necessary to know that the price growth of these cryptocurrencies has been such that on April 20, Bainance Exchange was forced to temporarily stop withdrawing from its platform due to a sudden influx of investors.
History and Founders
As mentioned in the previous discussion, Safe Moon digital currency was launched on March 8, 2021, and it did not take long for it to be launched, which attracted the attention of many people.
One of the founders of this digital currency is John Karony. This person is currently the CEO of Seif Moon. The chief financial officer of Seif Moon is Thomas Smith.
The Safe Moon Digital Currency Protocol consists of three main parts, which include cash collection, token burning, and static rewards. But let's see what role each plays in the performance of the Seif Moon protocol.