Safemoon was one of the newer cryptocurrencies to hit the market in 2021. This crypto project is a community-driven approach to decentralized financial systems. After the initial launch in the first quarter of 2021, the coin had more than 2.9 million holders by January 2022, according to Utah Business. CoinMarketCap reports there are over 562 trillion coins in circulation. The founders wanted a coin that would ensure “safe” gains and prevent the inevitability of bubbles. Buy safe moon with ethereum Kimberly Gedeon, holding a Master's degree in International Journalism, launched her career as a journalist for MadameNoire's business beat in 2013. She loved translating stuffy stories about the economy, personal finance and investing into digestible, easy-to-understand, entertaining stories for young women of color. During her time on the business beat, she discovered her passion for tech as she dove into articles about tech entrepreneurship, the Consumer Electronics Show (CES) and the latest tablets. After eight years of freelancing, dabbling in a myriad of beats, she's finally found a home at Laptop Mag that accepts her as the crypto-addicted, virtual reality-loving, investing-focused, tech-fascinated nerd she is. Woot!
Safemoon has gotten quite a bit of criticism. It has been referred to as a Ponzi scheme, a pump and dump, and a pyramid scheme, and the Safemoon community has been compared to a cult. 10 Ways to Keep Your Cryptocurrency Safe This is to stop people from making a quick buck in the short term with the aim to make it a long term investment.