SafeMoon is a new type of cryptocurrency that encourages people to hold onto their coins for long-term investment. The project was launched in March 2021 and has since seen a surge in popularity.
The team behind SafeMoon is now in talks with Binance, one of the world’s largest cryptocurrency exchanges, to get listed on the platform. This would be a huge boost for the project and could see SafeMoon become one of the top 10 cryptocurrencies by market capitalization.
Currently, SafeMoon is only available on two small exchanges, Mercatox and Uniswap. If it were to be listed on Binance, it would be exposed to a much larger audience of potential investors.
Binance is the world’s largest cryptocurrency exchange with over 15 million users. It is also one of the most popular exchanges for trading altcoins, which are alternative coins to Bitcoin.
The listing on Binance would also be beneficial from a liquidity perspective. Currently, there is only around $6 million worth of SafeMoon traded each day.
This is a very low amount compared to other top cryptocurrencies such as Bitcoin ($20 billion) and Ethereum ($13 billion). If SafeMoon was listed on Binance, it would likely see an increase in trading volume as more people would be aware of it and have easy access to buying and selling it.
The listing fees that Binance charges can range from $100,000 to $1 million, depending on the popularity of the coin. However, the team behind SafeMoon has already raised over $3 million from private investors, so they have the funds to cover the listing fees.
It is still unclear whether Binance will list SafeMoon or not. However, there is definitely a lot of potential for the project if it does get listed on one of the world’s largest cryptocurrency exchanges.
This could seeSafeMoon become a major player in the cryptocurrency space and cement itself as a top 10 coin by market capitalization.