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| Name | Safemoon Tokenomics Explained (10% fee) |
| Video Uploader | Video From Deadboss NFT |
| Upload Date | This Video Uploaded At 05-05-2021 16:39:25 |
| Video Discription | Ever since Safemoon kicked down the doors of the Cryptocurrency safe house it’s been a rollercoaster ride. One of the aspects that new investors are getting confused by is the 10% fee that exists within Safemoon Tokenomics. This has resulted in a) people acquiring less Safemoon than they thought they would or b) not making as much money during a sale. This video will prevent that confusion and help you have a better grasp of what is happening with your money. As always, if this video helps you - hit Subscribe. If it doesn’t, let me know what I could do better in the comments. Before I show you a practical example, let’s understand the basic principle that the 10% fee is a way to encourage long term holding of the Safemoon token alongside supporting the infrastructure of the currency itself. It isn’t a way to penalise the purchaser or seller but should help mitigate for disruptive events such as a Whale selling trillions of tokens, which could easily crash a less prepared crypto ecosystem. The 10% fee is applied per transaction - namely buying or selling. For simplicity sake, imagine you want to purchase 10 Safemoon tokens. You hand over the money for 10 tokens but as the 10% fee occurs during each transaction you receive 9 Safemoon Tokens in to your wallet. 10% of your purchase, in this scenario 1 token is then split in two. Half of the token is divided as a reward for existing holders and appears in their wallets automatically. The other half a token is pulled back in to the Safemoon infrastructure including the Liquidity Pool. As you now hold Safemoon you will get a cut of any future transactions - boosting your wallet continually. I.e. You won’t be missing that 10% for long! The same process applies during a sale. You want to sell 10 tokens, you receive the price of 9 and the other 1 is split amongst holders and the infrastructure. This clearly illustrates that Safemoon isn’t for short term flips. If you get in now (and it’s absolutely not too late) you should see it as an ongoing investment. The quickest way to buy Safemoon is by grabbing some Binance Coin on Binance. You can sign up using this link: https://www.binance.com/en/register?ref=126608357 mnwAOsM6V08 |
| Category | Science & Technology |
| Tags | safemoon | safemoon fees | safemoon investment | safemoon 10 percent | safemoon 10% | safemoon 10% fee | 10% fee safemoon | safemoon tokenomics | safemoon features | buying safemoon | how to buy safemoon |
