Where to buy safemoon crypto

The lawsuits allege that developers made false statements about the token and misled investors so they could profit off the artificially inflated tokens. Allegedly, the portion of the 10% tax the company charged for each SafeMoon trade that was supposed to be redistributed to coin holders in the coin’s liquidity pool, or LP, instead was accessible to SafeMoon founders. Where to buy safe moon crypto WalletConnect: Easily connect to external content and various providers using SafeMoon Wallet.

SafeMoon has been embroiled in additional controversy as YouTuber Stephen Findeisen, a.k.a. “Coffeezilla,” makes the charges against Phillips, the company’s former chief marketing officer. Top ASX Listed Companies Cryptocurrencies have historically been prone to rapid shifts in value, and SafeMoon has had an especially steep decline. Digital assets can be high-risk investments, and SafeMoon has already disappointed many of its investors. Controversy aside, SafeMoon currently has no proven real-world use or competitive advantage over other cryptocurrencies. And unlike other digital assets, which are decentralized, a large portion of its tokens are “are owned by SafeMoon itself,” according to one of the class-action complaints against its creators.

SafeMoon allegedly did not, in fact, lock the 10% transaction fees into LPs, but instead had access to these pools, allowing SafeMoon to redirect funds and leaving the token’s value vulnerable. History of SafeMoon SafeMoon is also promising to develop and release its own cryptocurrency exchange—SafeMoon is only available via decentralized exchanges with names like PancakeSwap and smaller exchanges like BitMart (compared to leaders Binance and Coinbase)—but that has not yet materialized. The company did release its own crypto wallet, but it looks like a copy of the Trust Wallet, according to Blamebootsy, another independent blockchain investigator who helped Coffeezilla in his SafeMoon investigation. 

Yes, you can invest in cryptocurrencies using Indian currency, but you cannot use cash for the payment. Every investor needs a bank account linked to the crypto account to add money and make a digital payment. Only KYC-approved users can make such payments. Investors should note that exchanges charge some fees when you make an investment and redeem it. The fee levied may vary from one exchange to another, and from one currency to another. How to Buy SafeMoon Crypto We get a lot of questions about how to buy SafeMoon, therefore we wrote this tutorial. We’re not sure if this is a good investment, but we do know that it’s extremely risky to invest in assets like these. Do your own research before buying SafeMoon and only invest crypto that you can afford to lose. The developer can theoretically rug the liquidity of the token, this is also called rug pulling.