Even so, SafeMoon is a most unusual digital currency, as it imposes a penalty on anyone who tries to trade their coins (or “tokens”). Only a few weeks old, its sheer newness also might lead some potential crypto buyers to see it as an unknown quantity. So, here’s everything you need to know about SafeMoon, and how you can buy the fledgling currency for yourself.
What is SafeMoon?
SafeMoon is an altcoin: a blockchain-based digital currency broadly similar to Bitcoin, but with some clear distinctions as well. It launched in March 2021 and has already racked up over 1 million users.
SafeMoon’s unique feature is that it charges a 10% fee to anyone who sells their tokens; 5% of this fee is then redistributed to all other SafeMoon owners, essentially…