I suggest you look into Safemoon. It is currently on the Binance Smart Chain (BSC).Nanotechandmorefuture wrote: ↑Mon Nov 08, 2021 1:23 pm I'm not sure if this is the right topic area so my apologies. Is anyone looking into new cryptos for future viability to profit like Bitcoin? I love the fact this forum called Bitcoin way back.
I downloaded Pi and was wondering if anyone on here has Pi too. In my opinion it looks like something that could be useful though it requires an invite code.
They just launched a wallet called Safemoon Wallet. While they're still ironing out issues with it, it lets you buy Safemoon and other tokens using the Swap feature on it. Of course, you'll have to buy the blockchain coin first (BSC) before swapping it to acquire Safemoon and other tokens. A cool feature of this Wallet is that it lets you track your reflections in real time. Reflections are your static rewards in Safemoon from the tax other holders pay when they buy or sell their Safemoon.
Soon, they're going to consolidate the supply by 1000:1. Meaning, if you have 1 billion Safemoon, you'll have 1 million after consolidation. The reason for this is to pair Safemoon with more well-known coins such as Bitcoin or USDT for the Safemoon Exchange they will launch in December. To pair with these coins for trading in the exchange, you need a certain number of digits in the price to make it work.
The Safemoon Exchange will be the first of its kind in implementing cryptonomics for all tokens/coins listed on it. It means if you buy Bitcoin there and hold it, you'll get reflections in Bitcoin when other people buy or sell their Bitcoin, steadily increasing your Bitcoin holding without needing to buy more yourself. That's the power of cryptonomics and it's genius. Safemoon will be the gas fee for those transactions on the exchange, thus increasing volume for Safemoon which leads to more reflections for the Safemoon holders.
Around the same time or shortly after the launch of Safemoon Exchange, they're releasing the Safemoon blockchain on which smart contracts that support Safemoon-stylized tokenomics can be created. Hint: it is designed to support the Internet of Things (IoT) protocols.
Then, there's the The Gambia project. It's sort of Safemoon's raison d'etre. This is where the IoT portion of the Safemoon blockchain comes in. Safemoon is creating an ecosystem in the African nation, The Gambia, where renewable energy from wind turbines and solar is used to power the blockchain and to provide a means for the Gambian people there to utilize this renewable energy without a middleman to determine market prices and they'll pay for it in cryptocurrency (doesn't have to be just Safemoon). There is a lot more to this but you get the idea.
I suspect The Gambia is just the beginning. The Safemoon development team often talks about Dark Moon. It's basically an assortment of black projects that haven't been brought out into the light, but they've repeated the point all of them were designed with climate change in mind.
Safemoon is basically a Climate Change cryptocurrency.
P.S. - Ignore people or articles that call this a ponzi scheme. They're coming from a position of ignorance which isn't necessarily their fault. I will still tell you to do your own research and come to conclusions that only you can draw from. Trust your intuition.
Safemoon has a Discord community if you want to know more about it. I'm not going to type in the address in here. Just google "Safemoon discord" and it'll take you there very easily.
It also has Twitter and Reddit accounts you can look up.