Importantly, SafeMoon says it is a decentralised finance startup that wants to address common issues found in other cryptocurrencies.
SafeMoon’s decentralised structure triggers price volatility and a tendency of some crypto investors to not hold for the long term.
SafeMoon, in an effort to address this, penalises sellers with a 10 percent transaction fee, half of which is redistributed among existing token holders.
John Karony identifies himself as the CEO of SafeMoon on Twitter, where he posts under the handle @CptHodl.
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