Jach Haines-Davies is the COO, who previously worked in Likeandshare LTD, according to the LinkedIn profiles. ![]() The CTO of SafeMoon is Thomas Smith who earlier worked as the CIO of Goldsmith Blockchain Consulting. SafeMoon asserts that “You get rewarded by simply holding SafeMoon! The longer you hold the more tokens you pick up!”Īt the forefront of SafeMoon stands John Karony as the Chief Executive Officer who was an All-Source Analyst for the US Department of Defense. DeFi tokens are to make traditional finance concepts automated and decentralized.Īccording to the SafeMoon website, they have “over 2,000,000 token holders.” What makes SafeMoon different from other cryptocurrencies is rewarding investors who buy its coins and hold on to them rather than trade by imposing a 10% penalty fee on sellers to redistribute half of it to SafeMoon holders. According to Coindesk, the main goal that stands behind DeFi is to remove intermediaries such as banks from financial transactions.ĭeFi tokens are similar to cryptocurrencies in terms of transferability and transparency, but unlike cryptocurrency which is a type of asset, they are deemed to be financial tools that “are embedded with some kind of financial logic by their platform,” says Eidoo. Technically, SafeMoon isn’t a cryptocurrency, but a DeFi (Decentralized Finance) token that was launched on March 8, on the Binance Smart Chains. ![]() SafeMoon is one of the latest and hottest trends on the cryptocurrency market that is famous for extremely high volatility and new trends popping out faster than ever. Here are things you need to know before investing in SafeMoon.
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