One of the major tweaks it made from the Ethereum code was it only has 21 nodes validating transaction compared to the 10s of thousands of validators on Ethereum. To be a Binance Smart Chain validator, investors must stake millions of dollars of BNB. With such a high cost to be part of the network, the network is controlled by a few well off Binance Coin holders, including people involved with Binance directly. There are currently no fiat on-ramps to purchase MOON tokens, but you may be able to purchase another cryptocurrency using fiat, which can then exchange to MOON on the previously mentioned platforms.

We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain how to buy marscoin Experts. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. As of December 2020, just under 10.65 million MOON tokens are in circulation, out of a maximum possible supply of 100 million.

• SafeMoon is among the 1st cryptocurrencies on Binance Smart Chain to gain mainstream attention.
• BlockFi is a cryptocurrency lending service that lets investors leverage their capital or earn interest on a crypto savings account.
• If you buy Mooncoin (MOON) from another person, your transaction will be private and anonymous, which means nobody will possess your personal information.
• 90% of newly mined MOON tokens are distributed to liquidity providers, whereas the remaining 10% is reserved for the MoonSwap team.
• A tip to keep in mind on how to buy Mooncoin – always double-check your info.

In order to have the best experience, it’s really important to choose the most suitable crypto exchange for you – take a look at which crypto exchanges are rated as the best in the game. If you want to buy Mooncoin, one of the best ways to do so is with fiat money, meaning with a credit or debit card. When you buy cryptocurrency with fiat money, the process is going to be much faster and – more importantly – simpler than doing so with another cryptocurrency. You don’t need to already own crypto, the buying process is very easy, it usually requires minimal KYC verification. By buying your Mooncoin with a credit card, you will receive instant confirmation & lightning fast payouts. Of the surveyed crypto holders store their cryptocurrency in hardware wallets.

Based on the technical Mooncoin analysis & evaluation, the current market rank of MOON is #11266, while the coin’s market cap is $0. According to our research, the total circulating supply of Mooncoin is 0 MOON coins, while Bitcoin has a total current supply of 19,504,862 BTC coins. Just head to any exchanges listed above, find trading pair BTC/MOON and begin the transactions. There are plenty of reasons you got an error on PancakeSwap, but the most common error when investing in SafeMoon is that your slippage tolerance is too low.

“I would suggest that anyone considering SafeMoon should run away screaming, or do some due diligence and then run away screaming,” he says. In December 2021, SafeMoon launched an updated version of the token called SafeMoon V2. The new token aims to consolidate the original version at a ratio of 1 to 1000, and significantly lower transaction costs. Throughout 2021, SafeMoon received celebrity endorsements from the likes of sports blogger David Portnoy, rapper Lil Yachty and YouTuber Jake Paul. This helped quickly drive up SafeMoon’s value, although as of writing its price has fallen nearly 90% from its peak.

You should also be aware of the potential for loss, and only invest what you can afford to lose. The MoonSwap smart contracts have been audited by several third-party security firms, including Slowmist and KnownSec — with no vulnerabilities found. The smart contract code for the project is also available to check on the MoonSwap GitHub repository. 90% of newly mined MOON tokens are distributed to liquidity providers, whereas the remaining 10% is reserved for the MoonSwap team. The crypto market is highly volatile and we do not recommend any particular cryptocurrency.

EXCHANGES

If you want to be involved, try to learn how to buy Mooncoin to get your hands on this microtransaction cryptocurrency. Although SafeMoon has a relatively small market capitalization, the token price is a bit misleading. With so many tokens in circulation, it’s essentially impossible for SafeMoon to ever how to find reference number reach $1, like some investors suggest. To reach this price target, SafeMoon would need a market capitalization about 600 times the size of Bitcoin’s. Buying MOON with a credit card, debit card or VISA is not enough – you have to find a secure place to store it & protect your Mooncoin from hackers.

The best to do so is by creating a confirmed account in the platform and explore your options. Now that you know how to buy Safemoon you should also learn how to store your Safemoon and other cryptos safely with a personal wallet. SafeMoon is among the 1st cryptocurrencies on Binance Smart Chain to gain mainstream attention. Most of this sgatonline attention has been gained from social media platforms, namely Twitter and TikTok. It’s also 1 of the 1st cryptos to implement redistribution tokenomics, something which has yet to be proven as a viable framework for cryptocurrencies. Investors should conduct their own research and analysis before making any investment decisions.

Where to Buy, Sell Mooncoin

You’ll then have to withdraw the coins from the exchange, place them in a wallet and then transfer those coins onto an exchange with SafeMoon. To buy SafeMoon, use SafeMoon’s proprietary SafeMoon Swap to trade other crypto, like Binance Coin (BNB) for SafeMoon tokens. There are some hurdles involved in buying SafeMoon, the biggest for beginners being that the only way to pay for purchases of SafeMoon is with other cryptocurrencies. That’s because it’s not currently listed on any exchanges that accept fiat currency, like dollars. If you bought your Mooncoin & now you think that the time has come to cash out, there are multiple ways to do that. One of the most popular ways of selling your crypto is exchanging it for gift cards & discounts of various vendors.

Store it

Built on the Conflux network, MoonSwap is secured by a proof-of-work (POW) mining network, which effectively blocks both 51% and re-entrancy attacks to maintain the integrity of the network. According to the MoonSwap FAQ, it will take a total of 7.6 years for the MOON token to reach its maximum circulating supply. The number of MOON mined per block will halve every 1.9 years, starting at 10 MOON/block in stage 1, and ending at 1.25 MOON/block in stage 4. To use PancakeSwap, for instance, you first need to download the Trust Wallet app, then buy BinanceCoins (either BNB or BSC) and add them to the wallet. You then visit PancakeSwap through the Trust Wallet app, find the SafeMoon page and swap your Binance there. With two decades of business and finance journalism experience, Ben has covered breaking market news, written on equity markets for Investopedia, and edited personal finance content for Bankrate and LendingTree.

Whether the recipient is located across the world or near you, the process is secure & effortless. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound. Mooncoin as cryptocurrency is created based on PoW system with main purpose of micropayment transaction. It is created so everyone can have access to cryptocurrencies in more secure and easy way.

In its current iteration, MoonSwap LPs currently have four potential revenue streams, these are; transaction fees, MOON token rewards, Conflux Tokens (FC) and airdrop rewards. But MoonSwap differs from most AMMs in that it is built on Conflux, a high-throughput Chinese-state-backed blockchain that is designed for decentralized applications (DApps). By building on Conflux, MoonSwap allows users to trade their assets with practically zero gas fees, while fast transactions mean slippage is less of a concern.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

That’s how much the hardware wallet market value is expected to grow comparing the years of 2019 and 2025. So after you Buy Mooncoin (MOON) with a card, be sure to choose the most secure hardware wallet for it. However, for well-versed cryptocurrency enthusiasts, it’s hard to consider anything on Binance Smart Chain as a DeFi token. Even though BSC is essentially Ethereum but with a few tweaks, it suffers from a huge lack of decentralization.

Even so, SafeMoon is a most unusual digital currency, as it imposes a penalty on anyone who tries to trade their coins (or “tokens”). Only a few months old, its sheer newness also might lead some potential crypto buyers to see it as an unknown quantity. SafeMoon is a risky investment because of high volatility, meaning the price can swing up and down dramatically. While this is true of any cryptocurrency, if you decide to bail on SafeMoon, not only do you take your investment loss, but you will also lose another 10% because of the selling fee. An exchange you’ll definitely stumble upon when searching for where to buy Mooncoin is Binance.

A dedicated SafeMoon wallet is in the works, which may simplify the process. Note that people who hold their original SafeMoon tokens in crypto wallets will not have their coins migrated automatically to V2. Wallet holders need to manually transfer their SafeMoon tokens to the V2 platform. BitDegree Learning Hub aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.