What is SafeBTC?
SafeBTC is yet another decentralised finance token that generates a dividend and has community support. A safer and yield-generating community token, SafeBTC has a similar mission as Safemoon, Shiba Inu, and other initiatives with a “safe” subheading, such as Safemoon. Along with yield generation under DeFi, which serves as a safe store of value for bitcoin, as indicated in the whitepaper.
When a transaction is penalised, it will serve to boost liquidity and decrease supply, thus the feature’s moniker “penalty” in the case of SafeBTC. As 4% of the cost of each transaction will be charged as fees, 2% of which will be held in a liquidity pool and the remaining 2% allocated as rewards to users, every token holder will automatically get a reward created from the penalty. In order to drive prices to a positive mindset, 60% of the supply has already been consumed.
SafeBTC stands out as unique in that they employ decentralised exchanges to cut out third parties from projects involving central banks, national governments, and the financial system. The community should thus be given complete power because neither the team nor the developers will own any supplies. Since Pancakeswap, the largest BSC DEX, is where Safe-BTC presently trades, it also selected the Binance Smart Chain network.
|Based on||Yield Farming DeFi|
|Exchange Platform||Pancakeswap, Digifinex, IndoEX|
SafeBTC Price Analysis
On March 29, 2021, SafeBTC will have been listed on CoinMarketCap for around 20 days at a cost of $0.00000002 USD. We are aware that counting the zeros in the price of one SAFEBTC is quite difficult. Imagine that there are two units in $0.00000002 USD. The calculation of how much SAFE-BTC has grown over the past 20 days will be made simpler for us as a result.
So, at the time this post was being written, the price of 1 SAFE-BTC was 16 units, which is almost 8 times the initial price of 2 units. And if we take a look at the 20-day all-time high, it is 17 units, or around 8.5 times the original price. It is no longer unexpected that there has been such rapid growth, and SAFE* currencies like SAFEMOON, SAFEMARS, and SAFEBTC have changed the course of the cryptocurrency industry. Although the odds of this initiative succeeding or failing are 50/50. But as of right now, they are drawing attention to themselves thanks to their impressive performance. Due to the modest market size of these projects, many large investors have the ability to manipulate the price of the currencies.
These SAFE* initiatives are among the crypto projects with the highest risk and return. Even if you invest less than 1% of your overall portfolio, you won’t be affected if you lose them all. Always conduct your own study and determine how much risk you can take without losing all of your money. Make investments at your own risk and, if necessary, seek guidance from financial professionals.
Is Safebtc coin a good investment?
SAFE-BTC may be a poor, high-risk 1-year investment option if you’re seeking for virtual currencies with a nice return.
Where is Safebtc traded?
On cryptocurrency exchanges including Hotbit, IndoEx, and Uniswap V2, you may purchase SafeBitcoin. Three exchanges provide SafeBitcoin for trading. Hotbit is presently the most well-liked exchange for SAFE-BTC.