Binance is rumored to be planning to list Safemoon on its trading platform. The safemoon is currently not listed on any major exchanges, however, a listing on Binance might significantly boost its price. Since the safemoon is considered to be one of the most promising cryptos as of now. And whoever becomes the first one to list it on their website would benefit. This would happen because people will join the platform to buy the coin. In this article, we will tell you all about Safemoon Binance Listing By 2021 End? Here’s What We Know. Stay tuned with us to know more about the news. We will also tell you if the news has any truth to It or it’s just a rumor.
Safemoon Binance Listing By 2021 End?
Binance has already archived Safemoon on their website, which is currently simply a skeletal listing. According to a simple Google search of ‘Binance and Safemoon.’ If you were to check out the old version of Binance or the cached version of the app. You will find a dedicated page for safemoon listing. But as I said it is only available with the cached version of the website. And on the updated web page you will not find anything. And as of now, the company has not said anything related to accepting Safemoon on its platform.
Safemoon has about 2.7 million investors, with the bulk of them being new and first-time purchasers. Binance would gain much from introducing the currency since it would bring in a flood of new consumers who would not only purchase Safemoon, but also other cryptocurrencies in the future. From its all-time high of $0.00001399 on April 20, 2021, the currency is down around -82.73 percent. A Binance IPO might cause its price to skyrocket and breakthrough its previous all-time high, rewarding investors handsomely. The investment community is ecstatic about the fresh news and is anticipating Binance’s official announcement of the listing.
Safemoon price prediction
How does the safemoon system work? The coin is a yield-farming Defi token that operates on the Binance Smart Chain and uses the SafeMoon protocol (BSC). Yield farming is a method of rewarding crypto investors with interest payments in the form of additional tokens, similar to how a bank or a stock pays dividends. To deliver decentralized services, Defi tokens make use of smart contracts that operate on blockchains.
According to the official website, the protocol is built on three functions: reflection, liquidity pool (LP) acquisition, and burn.
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