SafeMoon v2 (SFM) is an upgraded version on SafeMoon v1, a blockchain using community-driven protocol. According to the whitepaper, this protocol solves the problems of the cryptocurrency world, such as mining rewards, farming rewards, and liquidity provisions. 

The mining process can be expensive to its users, as they need to pay a fee to claim rewards. Instead of mining rewards, the protocol allows users to participate in a smart contract token reflection to produce tokens inside the wallet. Here, token reflection means upon every transaction held on the platform, some part is secured in the liquidity pool (LP), and another part gets redistributed to the token holders. Token reflection is a compounding reward structure that requires no transaction fee. This structure is secured by the smart contract system. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.

Earlier (in SafeMoon v1), the developers created incentives for users to provide liquidity. Now, the protocol uses a smart contract function to capture liquidity automatically. Besides, the smart contract function also facilitates token burning, reducing the token supply and promoting scarcity. Token burning means sending usable tokens to an unknown address forever. This increases the value of the token by reducing its supply.

Some of the benefits of Safemoon v2 (SFM) are:

Further, users who wish to migrate from v1 to v2 will need to ensure that they have a proper amount of BNB (Binance Smart Chain native token) in their wallets. A blockchain-mandated fee will get charged to make the swap successful. However, SafeMoon will not charge anything for the migration. Moreover, after the swap, the user will receive more v2 tokens (SFM) as per the SafeMoon v2 contract to make up for the percentage of the SafeMoon fee charged from the v2 trade order. 

John Karony, the CEO, founded the project. The head team includes Charles Karony, VP of operations; Ryan Arriaga, the global head of products; and David B. Smith, the head of content. The v2 is under process and will soon get publicized. 

We update our SafeMoon V2 to GBP currency in real-time. Get the live price of SafeMoon V2 on Coinbase.

The current market cap of SafeMoon V2 is £331.322K. A high market cap implies that the asset is highly valued by the market.

The all-time high of SafeMoon V2 is £0.0000000005662. This all-time high is highest price paid for SafeMoon V2 since it was launched.

Over the last 24 hours, the trading volume of SafeMoon V2 is £5.457K.

Assets that have a similar market cap to SafeMoon V2 include WOLF, MAI, chAtoshI, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of SafeMoon V2 is 614 billion.