There are lots of reasons why you might want to invest in Safemoon. Many think that they have to be a savvy investor with lots of capital — but, with some common sense and research, it’s pretty accessible, even for beginners.
Safemoon is a decentralized finance crypto project. It works by using trades as a source of liquidity for exchanges. To keep the project running, Safemoon penalizes sellers by taking a 10% fee off their sales. The fee is then distributed to token holders, while some of it is burned.
Below we cover 15 major reasons why you should invest in Safemoon and why SAFEMOON investing can be so powerful. First, let's start with the hard fact-based reasons to invest in Safemoon, and then we'll transition into some less discussed, but still important, reasons to invest.
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15 Reasons You Should Invest In Safemoon Today
There are all kinds of reasons why you might want to invest in Safemoon — probably some you’ve never considered. Here are 15 that we found.
1. Safemoon is benefiting from The Dogecoin effect
Dogecoin has made lots of people start hunting for low-cost cryptocurrencies. Anyone who bought just $2000 worth of Doge a few months ago is a millionaire today. As a result of this urge to hit the next big thing, Safemoon has come under many investors’ radar. Since April, there has been lots of hype around Safemoon, and the crypto has made lots of people money. However, Safemoon is yet to replicate Dogecoin’s unimaginable rally. As such, investors still believe that this crypto has lots of room for growth
The excitement around Safemoon is likely to be enhanced by the hype that is building around. Shiba Inu is another low-cost project that is mooning at the moment. While the two projects are not related, they create the impression that getting instant riches out of these projects is possible.
The effect is that anyone holding Safemoon today will feel encouraged to keep holding. It will also mean that more investors will come in. Not only does this increase the demand, but it also makes Safemoon more liquid. This will add to its long-term prospects and makes it an excellent cryptocurrency to buy now.
2. Safemoon has the right hype
For small and new projects like Safemoon, the hype is everything. They do not need hype because they are bad projects or anything of the sort. It’s simply the nature of the industry.
The crypto market has over 2000 projects, and new ones are coming up every day. On top of that, the market is heavily skewed towards the top cryptocurrencies, and more specifically on Bitcoin and Ethereum. As such, projects below the top 100 will find it challenging to get noticed by investors no matter how good they are. Those that do not get noticed simply die or stagnate.
Safemoon is one of those that have mastered the art of marketing right. Just looking at the social media presence of this project, one gets the impression that there are a lot of people following it. Safemoon has also been hyped and mentioned by influential people in crypto social media such as Crypto Jesus.
The story is the same on YouTube and in Google articles. Everything is positive and heavily hyped. This means that the project is drawing in new investors compared to other projects below the top 100. Such positive press coupled with the hype around low-cost cryptocurrencies is reason enough to buy Safemoon today.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Safemoon has a good team behind it
The Safemoon team inspires trust in the project. Not only are they committed to the project, but their credentials also point to people who can be trusted. Some of the core members of the Safemoon team are:
John Karony
John is the CEO of Safemoon. He is also the CEO of TANO. Before founding these two projects, John worked as an All-Source Analyst at the U.S Department of Defense.
Thomas Smith
Smith is the Chief Technology Officer of Safemoon and has an admirable tech record. He has expertise in everything from decentralized ledger technologies, energy and space technology.
Henry Wyatt
Wyatt is the Vice President of research and development at Safemoon. Aside from his role at Safemoon, Wyatt is also the CEO of HLW Group LLC. This software company develops code for the video game industry, and it’s hugely successful.
Jack Haines-Davies
Haines-Davies is the Chief Operating Officer of Safemoon, and he too has an admirable track record. He is a former Ben Philips Media manager, a company with more than 4 million subscribers.
Other incredible members of the Safemoon team worth mentioning are Trevor Church, the community manager, and Jacob Smith, a web developer. With such a team of tech and marketing experts, it is not surprising that the project has been performing very so far. They also inspire confidence that this cryptocurrency has a promising future ahead for it. This is a good enough reason to throw some money at it, and wait for returns in short to medium term.
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4. Safemoon has a very fair token distribution
Tokenomics is one of the key factors that investors looking for when investing in small altcoins. In most cases, the token distribution is skewed in favour of the developer team. This usually leads to a situation where the team dumps on investors when the price rises. This is quite common in crypto, and there are tons of projects where investors are left holding worthless bags.
Safemoon is different and in a good way. At the time of launch, the project founding team burned all their tokens. They bought their tokens pretty much like everyone else. This fairness in token distribution is a guarantee that the developer team will never dump on you. It’s a good reason to buy this crypto when it is taken in the context of its other fundamentals.
5. Safemoon is following up on its roadmap
One of the critical factors that matter when investing in cryptocurrencies is the roadmap. Any gaps in the roadmap implementation are usually an indicator that the team is either incompetent or does not care about the project. In such a case, there is always the risk of being left holding the bag while the developer team exits, rich.
Safemoon is a good project when analyzed from this perspective. Since its launch, Safemoon has met every development metric set out for every quarter.
In quarter one of 2021, Safemoon worked on onboarding Dogecoin for trading against Bibipom and got it done. The project also worked on integrating Bitmart and got the legal process right for the same. In quarter two, the project is working on the tokenomics of integrating Whitebit. It is also working on the App, Wallet, and Games on Safemoon. With such a dedicated follow-up on the roadmap, Safemoon comes across as an excellent project to buy now.
6. Safemoon is easy to buy
Safemoon is one of the most accessible cryptocurrencies to buy. While the process is not as direct as, say, buying Bitcoin, it’s still easy nonetheless. All you need to go to your favourite app store and download the Trust wallet. From there, you need to deposit Binance coin from Binance or any other exchange.
On the wallet, click on Dapps and select Pancake Swap. Enter the contract address for Safemoon and exchange your Binance coin for it. It’s a pretty straightforward process that anyone can follow. With the huge level of activity that Safemoon has experienced in recent months, it is safe to say that lots of investors are finding it very easy to buy Safemoon.
An even more bullish factor is that Safemoon is working on a wallet. It is part of the roadmap for Q2 of 2021. With a good wallet, a lot more people will be in a position to buy and HODL Safemoon. This is a factor that will likely play into its long-term price dynamics. The wallet completion could be the trigger that takes Safemoon to the next level and is a good reason to buy Safemoon now.
7. Safemoon has a lot of great things coming in Q3 and Q4
If you think you have seen the best of Safemoon, then you are wrong. The project’s roadmap for Q3 is more interesting than any other aspect of its development.
For starters, the project intends to complete the development of its exchange in Q3. Not only will this raise the project’s profile, but it will also open up liquidity in ways never seen before. Still, on its Q3 roadmap, the project is looking to complete integrating the African market.
Africa is a considerable crypto market, and through full integration into this project, demand will shoot up. In Q4, the project intends to start a charity project that will take community donations on key exchanges, such as Binance, Coinbase, and Kraken.
This will have a massive impact on the project’s visibility and push up its demand. Another big move expected in Q3 is the development of an NFT exchange. Given how big of a deal NFTs have become, it is safe to say that Q3 and Q4 could be when Safemoon hits full potential. That’s a good reason to buy now, in anticipation of the future.
8. Safemoon has a very passionate community behind it
The community behind crypto is a critical factor to its success. That’s because, unlike a company that has a marketing team, cryptocurrencies are decentralized.
As such, the role of ensuring that the crypto is visible is left to everyone who has a stake. On this front, Safemoon is doing very well. The community is so passionate that they are pushing the project both online and offline. Prove to the community’s dedication is a billboard at Times Square New York.
The Safemoon community has crowdfunded and erected a Safemoon billboard in Times Square. This is a big deal for two reasons.
First, it points to the community’s dedication to the project. This is an indicator that by buying Safemoon, you are not buying a pump and dump, but a project with a future.
Secondly, this billboard has created immense visibility for Safemoon. Times Square is one of the most visited places on the planet. Before the pandemic, Times Square attracts more than 50 million visitors a year.
Even at this time, more than 300k people pass through Times Square daily. This means the crypto now has increased visibility in the US market, which will add to the long-term demand. This is a good reason to invest in the project.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
9. Safemoon is right in the middle of the DeFi market
Safemoon is right in the middle of decentralized finance. The project is designed in such a way that every trade creates liquidity.
This liquidity then goes into pools that exchanges use to complete transactions for their clients. As the demand for decentralized exchanges grows, so will the demand for Safemoon. This is a big deal because DeFi is gaining traction at this moment.
Data from DeFi pulse shows that the amount of USD locked in DeFi projects is on an exponential growth path. In March 2021, the amount locked in DeFi was below $50 billion. Today that amount has risen to $82.39 billion.
Then there is the fact that Safemoon is a Binance Smart Chain project. The Binance chain has been growing exponentially due to its scalability and lower costs. This means it is drawing in lots of DeFi projects creating a solid ecosystem for Safemoon. This makes it the perfect project for anyone who wants to make money from the fast-growing DeFi space.
Check Out: What Top 10 DeFi Cryptocurrencies To Invest In
10. Safemoon gives holders earn rewards
One of the key factors that have driven the growth of DeFi is the ability to earn money passively. This is the main reason why the amount of money locked continues to grow by the day.
Safemoon is right in the middle of this craze. The project is designed so that anyone holding the token gets to earn a passive reward from it. Safemoon makes this happen through something called RFI Static reflection. Through this system, anyone who holds Safemoon can expect their rewards to grow forever.
This is a factor likely to draw in more users into Safemoon for a couple of reasons. First, it guarantees that there will always be demand for Safemoon. That’s because, in a market as volatile as crypto, the ability to increase one’s holdings predictably is a big deal.
Secondly, Safemoon is one of the cryptocurrencies that stand to have price stability long-term. That’s because a majority of those buying it are doing so with the goal of holding. Price stability could see Safemoon attract institutional money in the long run. That’s a good reason to buy and hold Safemoon long term.
11. Safemoon has potential for more exchange listings
Despite its massive explosion in value, Safemoon is available on very few exchanges. Aside from Pancake swap, Safemoon is only available on relatively small exchanges such as Gate.io, MXC.com, Bitmart, and Whitebit.
This means there is potential for listing on the bigger exchanges in the foreseeable future. Some of the potential exchanges where Safemoon could trade soon are Binance, Coinbase, and Kraken. Binance is the most obvious one because Safemoon runs on the Binance Smart Chain network.
With the ever-rising demand for Safemoon, it makes sense for Binance to make it available to a wider audience through the exchange. Then, Safemoon intends to do community charity through Binance, Coinbase, and Kraken.
This, coupled with the strong demand this project has generated so far, could incentivize these exchanges to list it. Exchanges are businesses, and anything that helps drive up user numbers and drive up liquidity is good business. Whether they will all list it is conjecture, but one thing is for sure, one of them will list it at some point. From an investor perspective, this is a good reason to invest in Safemoon in anticipation of such a listing.
12. Safemoon has a coin burn feature built into the protocol
One of the most important factors people consider when buying cryptocurrency is the coin supply. It is a factor that could accelerate growth or stagnate crypto in the long run.
For context, Bitcoin is Bitcoin because of its coin supply. With a capped supply of only 21 million coins (once fully mined), it does not take a genius to know that the price will always trend up. However, some cryptos have a high supply but have thrived by periodically burning coins to cut on supply.
One such crypto is the Binance coin. Through regular coin burns, Binance has cut the number of coins in circulation relative to demand. The result has been an increase in price from under a dollar a few years to over $600 presently.
Safemoon is taking a similar approach to Binance coin through an automated burning of coins. As per the project website, the total number of coins burned now stands at 416 trillion. That’s a pretty huge number, and if it sustains, while demand keeps rising, Safemoon could make it to a dollar someday. It’s a huge incentive to buy and hold Safemoon long term.
Read More: 10 Cryptocurrencies with Strong Buy Ratings
13. Safemoon third-party audits are positive
One of the best ways to tell if a project is good or not is to look at 3rd party audits. These can give you an unbiased opinion on the direction a project is taking. One such audit platform is Certik, and its overall analysis of Safemoon is good. One of their metrics for analyzing Safemoon is static analysis.
On this one, Certik gives Safemoon a rating of 98%. On the metric of on-chain monitoring, Certik gives the project a rating of 94%, meaning it’s healthy. The project scores equally well on the social sentiment, for which Certik gives it a positive score of 88%.
Safemoon also has a strong rating of 86% when it comes to the metric of governance and autonomy. From these readings, it is quite clear that the tech and social appreciation of Safemoon are rock solid.
This is good considering that a considerable portion of the projects in the crypto market scores lowly on such analysis. It is an indicator that the project is genuine, and the team behind it knows what it is doing. That’s a solid reason to invest in it today.
14. The entire market is expanding
Cryptocurrencies have come a long way. From a market cap of under $200 billion last year, the market is now at $2.6 trillion and growing. This can all mean one thing; investors are gaining more confidence in the markets. At this point, one can throw money at pretty much any project and have a high chance of making money.
This momentum is likely to sustain for the better part of 2021. One factor likely to drive the market is a better regulatory environment in the U.S. The new chairman of the SEC is pro-crypto, and new ETFs could be approved this year. If approved, the ETFs would create positive price action in Bitcoin and uplift the entire market.
The current momentum is perfect for projects like Safemoon. Such projects are affordable to new investors who may not have the money to buy a whole Bitcoin or Ethereum. The issue of cost is so important that people like Mike Novogratz are calling for exchanges to start listing Bitcoin in satoshis. This shows the kind of edge that cryptos that are still trading in pennies have in this market. It’s reason enough to bet on Safemoon.
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15. Safemoon is volatile
Volatility is vital for anyone looking to make money in crypto short-term. For someone who understands the market, the ups and downs can be a source of immense profitability.
Safemoon happens to be one of the most volatile cryptos in the market. In mid-April, Safemoon was trading at $0.000002, and in just two days, it rocketed by 7000% to a high of $0.00014. It then dropped back to $0.000006. Such volatility makes Safemoon the perfect crypto to trade for anyone who understands market cycles. You are guaranteed profits regards of the market conditions.
Conclusion
From this analysis, it is clear that Safemoon is an excellent project to buy and hold. Besides the hype, it has many fundamentals supporting its growth. The most important being to solve the issue of pre-mature selling in DeFi. It is a platform that could transform DeFi and take it to the next level of growth.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.