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SafeMoon LLC was a cryptocurrency and blockchain company created in March 2021. [2] The company created the SafeMoon token (SFM) which traded on the BNB Chain blockchain. [3] [4] [5] The token charged 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 founders wanted a coin that would ensure “safe” gains and prevent the inevitability of bubbles. SafeMoon crypto developers have a long-term vision for the future success of the cryptocurrency.
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.
A cryptocurrency, crypto-currency, or crypto[ a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. [ 2] It has, in a financial point of view, grown to be its own asset class.
What are altcoins? An altcoin is an alternative cryptocurrency to Bitcoin, which itself was the only crypto coin at one point in time. During its early years Bitcoin dominated the field so much ...
BitConnect was described as an open source, all-in-one bitcoin and crypto community platform but was later discovered to be a Ponzi scheme. 2018 KodakCoin: Kodak and WENN Digital Ethash [76] KodakCoin is a "photographer-centric" blockchain cryptocurrency used for payments for licensing photographs. Petro: Venezuelan Government: onixCoin [77 ...
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Terra is a blockchain protocol and payment platform used for algorithmic stablecoins. The project was created in 2018 by Terraform Labs, a startup co-founded by Do Kwon and Daniel Shin. It was best known for its Terra stablecoin and the associated LUNA reserve asset cryptocurrency . In May 2022, the Terra blockchain was temporarily halted after ...