![]() ![]() Others say that the company’s model is a scam in and of itself, as it punishes those who sell their coins.Īll this being said, there is still a huge interest in Safemoon. ![]() In that cycle, cryptocurrencies seemed to be sprouting out of the ground at an alarming rate. Speculation from these critics points to the coin being another Bitconnect-type scheme where developers run off with investor money. This crypto bull run has shown many similarities to what happened in the 2017 run-up. SafeMoon has faced its fair share of backlash, and some think that the crypto could be a scam. The coin is not without controversy, however. Lets take a look and see what we can find out about SFM. However, SafeMoon is designed to reward long. SafeMoon employs 3 simple functions: Reflection + LP acquisition + Burn. To be sure, the crypto, launched in March, is neither inherently safe nor is it guaranteed to figuratively or otherwise take investors to the moon. The company is playing up the newfound backing, boasting about being the “most successful crypto” on Twitter and putting out cryptic teasers for fans to speculate on. Its a crypto token that has attracted both fans and controversy, but what is SafeMoon (SFM). Safemoon (Symbol: SAFEMOON) is the token of SAFEMOON protocol. Many are likening it to DOGE, and some think it’s destined to be the successor to the meme coin. The coin is up 2,000% since its initial listing. With hundreds of tweets endorsing SafeMoon and pushing for the coin to hit the 1-cent milestone, it is clear the crypto has a serious backing. Since then, it has picked up huge momentum on social media. SafeMoon launched in March, just a handful of weeks ago. ![]()
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