Cryptocurrencies like Dogecoin turn over their entire market capitalization every few days. In theory, the system would reward long-term SafeMoon holders at the expense of disbelievers (i.e., sellers). It would also redistribute half of the exit tax to existing holders. Not only would that reduce the chance of people selling when prices declined - an issue that long troubled the Dogecoin community. Rather than allow investors to sell their tokens freely, the protocol instituted a 10% “exit tax” on would-be sellers. SafeMoon started with an intriguing principle. The SafeMoon crypto hustle of 2021 is only the start of things to come. Because in a world where 1.5 million investors can believe in a cryptocurrency that is “solely built to gain attention,” smart operators will have no trouble finding their next marks. Profits are seen as a vindication of one’s beliefs rather than the outcome of any logical investment strategy.Īs social media influence continues to grow, investors can expect to see more hustles like SafeMoon. Much like conspiracy theorists, many investors join exclusively for the community. But I wish I had stuck with a better wallet.Yet, SafeMoon investors only reflect a broader acceptance of “cult stock” investing - a notion popularized by Tesla (NASDAQ: TSLA) and GameStop (NYSE: GME). So if you just want to buy and hold and potentially not cash out for years, you might like it a lot. With All that said, it probably is the most *convenient* way to buy and hold Safemoon. 6, there is no in-app help or support of any kind that I have seen. Why the heck not? That seems so basic………. Then it would be more helpful for planning things out…., 5, you can’t yet connect to a bank. One suggestion that would change this would be to provide a button to input your current quantity. Seems like a great idea great but it’s not any better than just using your regular calculator app for most purposes. 3, I successfully sent Safemoon TO the wallet, but have not been able to send FROM it, or to swap coins within it. So you have to use a totally different means to see your portfolio value most of the time………. 2, The app does not accurately track the current price. But there is no mention of it in setup………. 1, they don’t make it clear at setup that you can link this with your existing Trust Wallet. There are a ton of things I don’t like about Safemoon Wallet. Biometric security and Google authentication Create custom contacts for family and friends Auto-disconnects from dApps after 30 minutes of inactivity Manage your portfolio from one easy view View your Collectibles on multiple chains Support for some of the most popular cryptocurrencies Streamlined interface for all levels of investors Simple to buy, sell or swap your crypto This is because Orbital Shield uses methods to ensure SafeMoon only stores your information in an anonymized, encrypted format, meaning, even if a data breach were to occur, your personal information is safe. SafeMoon has taken the login process to the next level by allowing its users to have a familiar username and password but without many of the risks often associated with such a process. The SafeMoon Wallet, powered by Orbital Shield, our patent-pending technology is re-inventing the way you secure your digital assets.
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