As the DeFi sector continues to heat up, a new project called SafeMoon is gaining popularity for its unique approach to rewarding holders and penalizing those who sell. The project has a native token, SafeMoon (SAFEMOON), which is designed to increase in value the longer it is held.
This model is similar to that of other DeFi tokens such as COMP and LEND, which have both seen their prices increase significantly since launch.
The key difference with SafeMoon is that it also imposes a 10% “exit tax” on those who sell their tokens, which is then distributed to holders. This tax is designed to discourage selling and help the token’s price appreciate over time.
So far, SafeMoon has been incredibly successful, with its price increasing by over 1,000% since launch. The project has also attracted a lot of attention from the crypto community, with many high-profile influencers promoting it on social media.
One of the most popular questions about SafeMoon is whether or not it will be listed on Coinbase, one of the world’s largest cryptocurrency exchanges. While Coinbase has not yet announced any plans to list SafeMoon, this could change in the future if the project continues to gain popularity.
If Coinbase does decide to list SafeMoon, this would likely cause the token’s price to increase significantly as more people would have access to it. Ultimately, whether or not SafeMoon will be listed on Coinbase is yet to be seen but the project definitely has potential.