In the Crypto world we have countless opportunities constantly, taking advantage of each one of them would be a feat and for a single person it is a very intense mental load, difficult to bear.
We cannot be so demanding, there will always be opportunities and even if newbies are dominated by the Fomo, if you have been operating in the markets for a long time, it is better to educate yourself financially, change your psychological relationship with money and fill yourself with courage and calm so as not to fall for scams or put your money in a ghost project.
In the last weeks and especially the last 72 hours I have noticed a strong and growing demand for the Safemoon token. It is the governance token of Safemoon Protocol, a DeFi platform that can streamline and make life easier for Binance Smart Chain traders.
It has two important characteristics. The first is that all holders of this token will get a 5% annual return for keeping the tokens in their Wallets. Where does that 5% come from? Of the commissions that the trader pays when he exchanges his money for Safemoon or adds liquidity to the pool. 5% of these commissions go to the holders and the other 5% to add liquidity automatically. Also, the token is deflationary and will suffer constant burns throughout its life so that its price does not plummet.
Honestly, the project is having a lot of impact on social media, but that doesn't make it a reliable or safe investment. There is a lot of risk in investing in these types of opportunities. We do not know if there are bots driving the price, if it will disappear in 3 months or if when it is listed on Binance, if it happens, its price will stagnate for life.
The smartest thing, if you invest in Safemoon, is not to do it with more than 3 or 4% of your portfolio. If you take something, welcome to it, nor is it like that, you will know that you have not lost much and you can bear it.
Educate yourself trader, do not forget. Crying is useless. Information makes you powerful.
If you want to buy it, you can do it on Pancakeswap, using Metamask or Trustwallet. Copy the token contract, you have it in Coinmarketcup, add it to Pancakeswap and buy Safemoon using BNB or BUSD. It is important to go to the swap adjustments and set the Slippage Tolerance to at least 11% so that you do not get an error in the transaction. The token will be automatically added to your wallet after purchasing it.
I hope it helps you. See you next time.