SafeMoon (SFM) currently has a price of ¥0.0047 and is down -2.71% over the last 24 hours. The cryptocurrency is ranked 1042 with a market cap of ¥2.7B. Over the last 24 hours, it saw ¥6.8M of trading volume. The token has a circulating supply of 556.6B tokens out of a total supply of 556.6B tokens.
SafeMoon is a cryptocurrency that aims to create a decentralized finance ecosystem by encouraging long-term holding and discouraging selling. It uses a mechanism called reflection to reward holders and discourage selling, with a 10% fee charged on transactions and half of the fee distributed to all SafeMoon holders. SafeMoon also regularly burns a significant portion of its token supply to increase scarcity and value, and has gained popularity through its active social media presence and community engagement.
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