Where to buy Safemoon- What’s behind the SAFEMOON price rally?

Where to buy Safemoon- What’s behind the SAFEMOON price rally?

By Adam Coleman - min read
Updated 01 August 2023
An image photo of the safemoon logo and market chart

SafeMoon’s price has gone up 306% in the past 30 days, driven by increased interest from new DeFi investors.

SafeMoon price is up by 6.7% in the last 24 hours and more than 300% up since mid-April. The token’s performance is down to increased buying pressure from investors keen to reap rewards by holding the token in their wallets.

Where can I buy Safemoon?

You can buy SAFEMOON from any of the cryptocurrency exchanges and online brokers that support this crypto asset across the globe. Here are two recommended platforms for buying Safemoon.

Coin Kong

To buy Safemoon on Coin Kong, users first need to register for an account and complete a verification process.

Coin Kong makes it possible to buy any cryptocurrency by safely connecting customers to top recommended brokers in their countries. The platform is ideal for traders keen on accessing 100+ altcoins.

Please note that Coin Kong is not available to US customers.

Register here

What Is SafeMoon (SAFEMOON)?

SafeMoon Protocol is a recently launched decentralized finance (DeFi) token that has seen massive buy pressure due to the growing interest in the sector.

As well as its use in the DeFi space, SafeMoon is looking to launch a non-fungible token (NFT) exchange, a development that could add to its growth within the burgeoning NFT space. The project also aims at developing charity projects and educational decentralised applications.

What Makes SafeMoon Unique?

SafeMoon is a cryptocurrency similar to other DeFi coins like Compound, Aave, Uniswap and Chainlink. However, it has one key difference- it encourages static farming (Hodling) instead of staking with LP-farms.

The coin’s creators say that the high APY LP-farms do not attract small retail investors anymore. But SafeMoon makes it easy for new investors, who do not have to stake their coins but hold for a share of the rewards. In this regard, investors who hold the coins in their wallets get half of the 10% fees attached to each trade as a reward.

This has attracted lots of newcomers, with Safemoon CEO John Karony recently stating that there are now over 2 million SAFEMOON holders.