This alternative asset has a clever strategy for rewarding long-term owners. Clayton Moore, CEO of NetCents Technology (OTCMKTS: NTTCF), a cryptocurrency-based payment processing platform, explains: "Unlike most other cryptocurrencies, SafeMoon penalizes investors who sell it by imposing a 10% exit fee. Half of that fee is redistributed to all SafeMoon holders, while the other half is burned. The company promises to implement a burn strategy that is beneficial and rewarding for long-term holders." Price of safemoon crypto The team of the project works over its own dedicated wallet, which is going to be a component of Canada-based Operation Phoenix, a cloud mining service provider. Since the wallet is not ready yet, the acquisition of tokens is possible via the Trust Wallet app and its use for the purchase of BNB or BSC (Binance tokens), which are then swapped to SafeMoon. According to the roadmap, the team plans to launch an NFT exchange also.
Amount Build wealth on India's simplest crypto app Safemoon was designed in a way to encourage long-term investment and discourage selling, but it has failed to catch on after its initial spike. It does this by charging sellers a 10 percent fee, with half of the fee going to Safemoon’s existing holders and the other half to be used in a liquidity pool, in an effort to better maintain price stability.