Checking out Safemoon
This morning I started the day watching the Crypto Mondays Show by @jongolson and @blainjoines and they were speaking about Safemoon. I've heard people talking about this coin a lot lately and I decided today to make some research and check out what it is.
An interesting concept
From a tokenomics point of view, I quite like this project. I've tried to explain how it works in the video.
Here some resources that may come in handy when dealing with safemoon:
- Pancakeswap to buy Safemoon with BNB
- BscScan for the Safemoon Burn account
- Website that shows the actual burn rate
I consider the coin as quite high risk because it's very experimental and I encourage to make your own research before investing. I have invested 10$ that I'm totally willing to loose. If the project develops positively, I believe I won't need much money to participate in the profits :-)
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