Buying safemoon on crypto.com

buying safemoon on crypto.com

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Smaller cryptocurrencies like SafeMoon also might have limited liquidity compared to more established tokens.

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Web3 Evangelist Face the ultimate challenge - earn your right to be called a Web3 expert! Part of SafeMoon's transaction fee is added to the liquidity pool, which is essentially a smart contract holding a reserve of the token. Though secure, these exchanges take custody of a user's private key which is needed to authorize transactions. Many people who buy SafeMoon actually do so in order to store the altcoin in their wallet for a very long period of time, hoping that the SafeMoon price increases exponentially with time.