What is SafeBitcoin? SafeBitcoin is a cryptocurrency project affiliated with SafeMoon. In this article, you can find answers to frequently asked questions such as what is SafeBitcoin, what the project offers, how to get SAFEBTC and what it is used for. As Kriptokoin.com, we have compiled it for you.
What is SafeBitcoin? What does it offer?
SafeBitcoin is a blockchain project that attracts users who want to earn passive income. The platform has a native cryptocurrency called SAFEBTC. Focusing on the DeFi field, the project works in direct conjunction with another cryptocurrency project, SafeMoon.
Combining DeFi with Bitcoin, the token works as a deflationary token that offers users the opportunity to earn passive income. In addition, the project aims to reach a position that can perform high-speed transactions. At the time of writing, the project had a market cap of $1.25 million.
What is SAFEBTC used for?
SafeBitcoin rewards users based on a percentage of their staking balance. An investor earns SAFEMOON at maturity based on the percentage of SAFEBTC holdings he has locked. There are BEP-20 and ERC-20 versions of the cryptocurrency.
2% of each transaction performed on the network is distributed to the beneficiaries. Besides, 2% of every transaction is automatically locked and burned. Burning means removing a cryptocurrency from circulation by sending it to a dead account. The burning method allows the supply of crypto money to decrease and its value to increase.
What are the advantages?
Transactions with the aforementioned network are very fast. Buying and selling transactions of users are confirmed very quickly. In this way, investors can make transactions without changing the price of the cryptocurrency. Users can earn 2% income at maturity by locking their SAFEBTC holdings. Locked assets cannot be used. Staking is a risk-free investment option.
What are the disadvantages?
According to analysts’ comments in the past, SAFEBTC price is trading well below what it should be. The project is not yet listed by leading crypto exchanges. This makes it harder for users to access and adopt the asset. When there is not enough demand for the asset, the price begins to fall.
What is SafeBitcoin? How to take SAFEBTC?
Investors interested in SafeBitcoin must first become a member of a crypto exchange where the coin is listed. The coin is currently listed on crypto exchanges such as PancakeSwap, DigiFinex, IndoEx. Interested investors should create a wallet by becoming a member of one of these exchanges. After that, investors who deposit funds into their wallet can purchase the token.
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