The project has capped off several updates with a highly anticipated wallet move that will see users able to hold BTC and DOGE.
SafeMoon Revitalized
With the number of wallet holders soaring over half a million, SafeMoon has introduced several important changes that will benefit users.
The team took to Twitter on October 31st to highlight the huge changes their wallet will undergo. SafeMoon is by far the token held most on Binance Smart Chain with nearly 3 million hodlers. Every update comes with excitement few tokens can replicate.
“The next update will have the ability to import from other wallets with private keys,” the team continued to list the possibilities the update will open up.“You’ll be able to hold BTC and Doge. The team are investigating swap features for BTC and Doge down the line”
The updates and rise of users in the past week have meant that the token coin $SAFEMOON has enjoyed a 39% rise over that same time, according to CoinGecko.
The details of the developments detailed in the image above seem to point only one way for SafeMoon, but the coin has plenty of skeptics. Indeed with its current circulation listed at 572,095,863,922,003 on CoinGecko, there remains plenty to be wary of, and investors should exercise caution.
As ever, BSC News will be keeping a close eye on what impact these recent wallet updates will have on the overall project and its rise.
What is SafeMoon?
SafeMoon is an altcoin launched in March 2021. It runs on the Binance Smart Chain and is a Decentralized Finance (DeFi) community-driven protocol. This protocol slightly differs from other protocols when a transaction takes place. Three functions will occur, reflection, liquidity pool (LP) acquisition, and burn. It also charges 10% fees to anyone that sells their tokens, and other owners get 5% of the fees. This is SafeMoon’s method of encouraging holders to hodl and disincentivize sellers from selling.
To find out more about SafeMoon, the following links are available:
Source : bsc.news
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