The exchange is what I’m looking forward to the most. The wallet is great but I don’t think it’ll have a huge impact on price. Exchange and blockchain stuff is what tickles my safemoons though 😁
Yes i totally agree... but all in all volume is most important! so if the price stays about the same, but we can get the volume, that would be more than okay for me long term!
Exchange = Private Jet
Blockchain = Private island
That was a nice dream, when did you wake up? 😁
Yet y'all cant wait a few months- a year for this to happen. You want it now. Be patient
This drives me crazy
You drive crazy.
I just can’t sleep...
Safemoon as a concept is to hold, what makes everyone so sure our volume is going to skyrocket with the exchange? I keep seeing figures floated around 1 or 2 billion daily volume? Really? I'm not so sure, obviously I hope we do rocket but I'm sceptical to be honest.
Gas fees my friend. If the exchange is successful, SFM can be used to swap for other cryptos, and to pay gas fees in order for users to get cheaper fees.
Add in the prospect of tokens being on Safemoon's blockchain in the future, their main pairing would be SFM. The volume could be astronomical, but only if the exchange is successful.
I hope the exchange doesn't turn out to be a failure or disappointment. But im quite optimistic since we got some great devs
Hopefully. Shibaswap seems like it was
Wow I doesnt know Dogecoin has such a big 24h volume!!
This is getting more excited every single day 🚀🚀
Let me re-peat this:
Price will rise once the word is out and people seem to be realizing quicker these days as more and more people (Social media now, YouTube, retirees, etc) are getting into Crypto....Load up now and HODL, because these prices could move and will move once Volume kicks in....
I Love Safemoon
This is the best thing I’ve read on Safemoon since I bought on April 3rd. I’ve got 100 million tokens waiting for a rainy day. It’s so exciting to think about the rewards that patience is going to bring us. Thanks for sharing!
How the heck does a crypto virgin buy it??
I’m about to give up
It's different depending on where you are from. Personally the way I do it is; I buy xlm on an app called coinbase. I then send the xlm to bitmart. I sell the the xlm for usdt. I then buy safemoon. You can either leave it there or move it to a wallet.
Does that mean Let’s Fucking Go?
All I see is looking for game :(
This is the way. This is why we hodl!
Wallet and exchange, we want them both
THERE'S NO WAY WE EVER REACH THAT VOLUME WITHOUT DAY TRADING....
What if it's used as a gas fee on a successful exchange?
This is the way
Yes yes yes. I believe this is the key in my opinion. Discounted fees. Undercut the big boys.
So how are the discounted fees going to work?
How about the exchanges that don’t contribute to the burn 🧐
So will people buy other cryptos with safemoon similar to how we had to buy on pancake with bnb?
Hi everyone, I have a question about token supply as I've seen quite a few posts recently about what the impact of reduced supply/burn due to volume could do to increase token value. In some scenarios, people mention that tokens in circulation could get down to a trillion, which would significantly increase the value of each token. How could this ever happen given that there are many people that own over a trillion tokens now? Even owning a billion tokens in the context of a total trillion supoly would mean that you'd own .1%, which would mean only a 1000 people owning a billion would exhaust the full supply. So my question is - where total supply comes down to a trillion, does this assume that all whales have sold?
Yes, as price rises people will constantly sell and take profits at every stage along the way. Even now the top 25 whales hold like half as much as they did just a few months ago.
So yeah, the problem that you speak of would never happen because the price would be so high that people will always sell.
I’ve been doing the calculations and you’re right this is what I’ve been saying! We are going to burn supply so much faster than most people think.
Plz make it happen, cant wait to see progress on this lads
I hope it's better than that piece of shit Shiba swap!
Guys, Safemoon doesnt have the day trading capability that Doge does. Thats where a lot of that volume is from. Im not sure 5B a day in volume is possible. Its not FUD, I’m just not sure a buy and hold token like this could possibly reach 5B a day. Its a nice dream but i dont see that happening
Indeed I hope it will reaches the volume of doge but I doubt it will, many people say if the wallet is here if the exchange is here it will blow up but why?
I mean why would people use safemoon exchange when there is a 10%fee, why would it blow up?
I still hope it does pump but I'm not blindfolded
Volume is a huge contributing factor for price. The exchange will not guarantee this.
Anyone can setup an exchange.... getting it registered is a whole new ball game.
There's a few exchanges safemoon are listed on that are not verified or registered exchanges that have terrible volume.
The whole Africa story is just hype, safemoon are not the only business targeting Africa.
Tron for instance are miles ahead of safemoon when it comes to users, klever token, klever wallet and now the klever exchange.
Safemoon need relax on the tweets about full moons and owls etc. Yes it's fun, but business is business.
I understand your position that business is business, although it's nice that they can kind of keep it fun for people. I mean, otherwise all they can really do is tell people to wait, and you know how people hate waiting.
Re: Africa, I wondered if it is possible that the SFM dev team might have a head start due to better contacts.
Obviously I have no idea, though. Just spitballing.
This is the way.
Why do we keep steadily dropping?
We're up 1.3% from yesterday, similar to Bitcoin and BNB.
Call me when it's a reality
1st...this is the way...
That’s SafeMoons secret power. We will get their and boom history.
Sorry but there won't be 10% tax on every transaction on the exchange, so it won't burn 36T
They will have to adjust to taxes so that everyone could use the platform if not they will all run away lol
Nobody said there will be a 10% tax on "all transactions", in fact the devs stated in an AMA months ago that cryptos outside of Safemoon will have a fee similar to any of the other top exchanges.
In this post Im referring to SFM being used for swapping to other tokens that sit on the exchange/Blockchain...in return for cheaper swapping fees.
Why you gotta be have such small dick energy tho?
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So what sort of reflections are we looking at here, for say 1billion. Rough ballpark figure?
You mean if you hold 1 billion?
Here's my question: will the large amount of burning result in us, I don't know, running out of safemoon? I suppose as tokens become more scarce, it will drive up the price and decrease the amount of tokens burned daily, but is there some sort of plateau?
The devs have stated they of course would stop the burn at some point, no decision has been made about what number tho.
But yeah, we will never burn ALL the Safemoon lol
One word. Moon.
Burn will only happen if proper tokenomics are implemented. Thus the exchange/blockchain is most important, volume will follow. Doge does that much volume by being listed on some heavy hitting centralized exchanges. If we were to get there, it’s not like they’d be implementing proper tokenomics. Just look at the centralized exchanges we currently are on as an example.
Yes GMR volume is $1,392,630.47
Volume to max please.
Hope this flight takes off tomorrow. Exchange still December???
The issue is the tax to buy or sell. That is what makes it hard to get to the volume we all need to be at right now.
If there isn’t a lot of movement on the charts, you can’t expect people to be day trading this yet.
It will grow, there is no doubt about that, but I do think that we need the exchange and blockchain to really get the volume up.
This is great news!
If????? You mean WHEN!!!!!
averaging 4.5billion volume per day would mean $10,000 in refection's per day.
compounded, depending on the price it could be $10mil - 1billion per year in reflections.
That would go for all the top 1000 wallets.
Once Safemoon becomes easier to buy, volume going to jump thru the roof
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I’ve burned a bil and going to burn another join me on SM Horizon
When does the wallet come out?
In your dreams bucko.
Don’t want to be an ass. SFM will be traded less due to the penalty. Unlike doge or other coins.
With the 10% fee for buying and selling it's impossible
I don’t think the OP meant it in a way where SafeMoon is being day traded, coz any day trader will run if they see the 10% tax. I think for the volume to go mirror Doge when the exchange comes, the blockchain has to be present and working full blast, hopefully smart chain as well. I for one don’t see any reason why they would roll out the exchange without the blockchain, but I’m definitely open to see others’ opinion on this.
burn will be a non-issue when they convert from a token to a coin and do a 1000 to 1 reverse split.
Also, you can't "focus on volume". You put together a product worth buying and the price increases because people want to buy it. Volume doesn't occur in a vacuum. You're never going to have high volume and low price sufficient to burn down to a palatable quantity. Hence the inevitable split that will occur with the blockchain.
Bro they already have hinted and basically said: 1 Safemoon = 1 Safemoon. If you’re hoping for a reverse split you’re gonna be disappointed.
Created in early March 2021, the SafeMoon Token is a DeFi Crypto Currency made on BSC with safe, simple yet powerful tokenomics.
Safe, strong investments go to the Moon! 🌙