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About: SafeMoon     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseorganisation New Facet based on Instances of this Class

SafeMoon LLC is a cryptocurrency and blockchain company created in March 2021. The company also has a SafeMoon token (SFM) which trades on the Binance Smart Chain blockchain. The token charges a 10% fee on transactions, with 5% redistributed (or reflected) to token holders and 5% directed to wallets in a different currency, Binance Coin (BNB), controlled by the coin's authors. The token reached its all time high market cap in May 2021 at $10.9b. As of October 2022, it has since dropped in 85% in value to $290m.