SafeMoon (SFM) currently has a price of $0.000079 and is down -3.77% over the last 24 hours. The cryptocurrency is ranked 908 with a market cap of $29.5M. Over the last 24 hours, it saw $58k of trading volume. The token has a circulating supply of 372.7B tokens out of a total supply of 372.7B 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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