What is SafeMoon Market Cap. SafeMoon being a new cryptocurrency token created in mid of March of this year, 2021 was created for the main essence of investment and purchasing. However, being a new cryptocurrency doesn’t limit its growth, the cryptocurrency has grown so fast due to the approach it makes to community-driven decentralized finances.
Every Cryptocurrency has its own market cap, however, in this article, SafeMoon Market Cap will be the one you would be enlightened on.
Therefore if you are in dark about what market cap and SafeMoon’s market cap entails, it’s easy, just pay rapt attention to this article, as its main purpose is to shed light to it
What’s A Market Cap?
Market Cap or Market Capitalization can be best defined as how the net worth of a company is known or determined by the stock market. It is when the market value of every outstanding share is totally added. If you want to know or calculate your company’s market cap, you just have to make the multiplication of the present value of one share of your market by the number of outstanding or significant shares.
There has always been a frequently asked question, which is Why is Market Capitalization an Important Concept?
It is an important concept because it opportune investors who want to invest to relatively know and understand the similar size of one company to another, it helps in the measurement of what worth a company is to the open market same as the future prospects or plans for its markets perception, however, this is done so as to give in details or reflect what those who wants to invest are all ready and not forcefully wants to pay for its stock. Therefore, we will be explaining what market cap SafeMoon has in the next section of this article.
What’s SafeMoon Market Cap (Capitalization)?
Earlier, have explained what’s market capitalization is, so it’s going to be easier for you to understand what market cap SafeMoon has, therefore, kindly pay attention to this in order to have a fast and quick understanding of it.
SafeMoon as a whole is a launched Defi cryptocurrency, it went sky scrapped as soon as it was launched, as in within seven days it went from nothing to the highest. The SafeMoon cryptocurrency works on three easy and very simple functions, which are;
- Reflection
- LP Acquisition
- Burn-In
For every buying and selling activity you make on it, a ten percent fee is taxed on its transaction and split in two ways.
Presently, coins T.S (Total Supply) is 1,000,000,000,000,000. Its presale supply is 777,000,000,000,000. The Burned Dev Tokens is 223,000,000,000,000 and lastly five percent fee is then distributed all again to all the present holders in which five percent is divided into two equal half. Then the BNB then purchases one of the half based on an agreement and on the other hand, the other half, is automatically paired or joined with the BNB stated before and signed as a Pancake Swap liquidity Pair.
Therefore, In 2nd of September, 2021, the estimated Market Cap of SafeMoon was said to be $1.3 billion in comparison to the $930 billion of Bitcoin. But as of now, SafeMoon Market Cap is said to be $4.3 billion, and its fully diluted market cap to be $2,270,641,314.15 1.39%.
Thus, Haven explained the Market Cap of SafeMoon and stated the Market Cap itself. It should at least give you a wide knowledge about it if you want to dive into its cryptocurrency.
