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Safemoon cash (SMC) — Can you invest in SMC?

Source: Datadriveninvestor

Recently, it has come to light that there is a new form of digital currency being circulated on the market called “safemoon cash”. This currency is not created or attributed to any use case, that is it does not have a real-world purpose yet. Safemoon Cash is a Binance BEP-20 cryptocurrency that empowers several DeFi features for users, for instance, automatic liquidity, tax transactions, distribution fees to holders, and ownership renounced.

What is Safemoon cash?

Safemoon cash is yet another blockchain-based project that has entered the market with the goal of reaching 25% of Safemoon’s market capitalization, becoming a common name in the cryptocurrency space.

Safemoon Cash’s Use Cases Make It Valuable

Safemoon Cash was stealth-launched by BSC community members in April 2021 after Safemoon surpassed a market cap of over a whopping four billion dollars. With its increased transaction tax, the initial holders of Safemoon have profited the most. In disparity, Safemoon Cash offers holders passive rewards via static reflections. By staking Safemoon Cash, it boosts capital, assuring liquidity. Safemoon Cash speculates in superior tokenomics, through a 3 percent lower taxation, and the basic fact that holding of the smart contract is completely renounced brings in the project to be more unique.

The Safemoon Cash project originates its utility from standing as a rug-proof project that erupted to popularity within two months of its launch. The project is presently working on XT, PancakeSwap, Bibox, Probit, and HotBit. The project initiated the swapping function through BSC Dex PancakeSwap, and presently has its SMC Swap. (swap.Safemooncash.org)

Will Safemoon cash go up?

The official Safemoon cash whitepaper states that the team will create a variety of use cases for SMC to make it an adaptable crypto asset like Bitcoin or Ether. Safemooncash will eventually be one of the stable and sustainable cryptocurrencies to use within and outside the Safemoon cash ecosystem. Safemoon cash token (SMC) will fuel the Safemoon cash casino where people can gamble with these tokens. The team will develop a betting protocol specified for the Twitch gaming industry using the SMC token for rewards in competition.

What’s the purpose of cash if you cannot spend it in the daily market? SMC will be integrated with online crypto payment services that holders can make use of to buy products/services. Naturally, SMC(G) will be accepted as a payment method as well in our own Merch Store for SMC-specific brands and third-party vendor products.

These promises made by the Safemoon cash team give an insight that SMC will have a growing demand in the future against its supply, making its price hit the roof.

The market capitalization of safemoon cash

SafeMoonCash Price: $0.000000000016

Price Change in the last 24 hours is $0.000000000001 (+8.23%)

24h Low / 24h High: $0.000000000015 / $0.000000000017

Trading Volume: $6,477.61 (+151.21%)
Volume / Market Cap: $1,531,238
Market Dominance: No Data
Market Rank: #6070

SafeMoonCash is in deterioration this week. (Well, it always is)

The price of SafeMoonCash has plunged by 14.60 percent in the past 7 days. The price expanded by 8.23% in the last 24 hours. In just the past hour, the price grew by approximately 0.36 percent. The current price per SAFEMOONCASH is ₹0.0000000012. The new price exemplifies a new all-time high of ₹0.00.

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Blockscribers Staff

Blockscribers Staff

Scribing blockchain beautifully. Read our exclusive coverage of blockchain articles at https://www.blockscribers.com/

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