How To Buy Safemoon With Altbase

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SafeMoon is a BEP-20 token launched on the Binance Smart Chain (BSC) and has taken the world by storm since its debut with one of the fastest growing communities in blockchain, and is now available to purchase on Altbase Altcoin Exchange.

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Deflationary Tokenomics To Promote Holding

One of the first deflationary tokens, the aim for the Safemoon developers, was to create a project that avoided wild price fluctuations currently plaguing cryptocurrency investment by discouraging day trading with an automatic transaction tax.

The cryptocurrency has three core components behind it’s tokenomics model.

  • The first is reflection. This is where SafeMoon transactions are charged a fee which gets distributed among holders of the token.
  • The second is a fee charged on transactions that will be given to various liquidity pools on Pancake Swap and other platforms.
  • The third component is a token burn that occurs on each trade.

Safemoons tokenomics model allocates 5% towards reflection rewards and 5% to the liquidity pools. 2.5% of the 5% that is sent to liquidity pools is converted into Binance Coin (BNB) to ensure the liquidity of the SafeMoon and Binance Coin pair.

A Guide On How To Buy SafeMoon With Altbase

  1. Download the official Altbase Application from either The Google Play Store or The Apple App Store.
  2. Once the app has downloaded and installed correctly, follow the onscreen instructions within Altbase to set-up a new account and create or import a wallet. Taking careful note of the recovery phrase if creating a new wallet. Do not share this with anyone and store it securely.
  3. Now that the wallet is created and Altbase is set up, it is time to buy BNB as this is what is required to buy $SAFEMOON. To do this, select the Buy button on the Home menu inside the Binance Coin Section.
    All that is required is a debit or credit card - Simply follow the onscreen instructions inside the payment platform to complete.
  4. Once the BNB is successfully loaded into the Altbase wallet, select the Coins section on the bottom Menu bar, find Safemoon and select it. Inside the Safemoon sub-menu, locate the green buy button to open the buy menu.
  5. Inside the Safemoon ($SAFEMOON) Buy Menu, choose the amount of BNB to trade for $SAFEMOON and to complete the transaction, select the Buy button on the bottom of the screen to Buy $SAFEMOON.
    Your Altbase wallet should now reflect your purchase and show your new $SAFEMOON balance.

Disclaimer

Cryptocurrency investment activities, including actions undertaken to buy Safemoon online via the Altbase app are subject to market risk. Altbase provides easy and convenient ways for you to buy Safemon, and we put our best efforts to fully notify our users about each and every token we offer on the exchange, but we are not responsible for the results that could arise from your purchase via Altbase. This page and any information in it is not meant to be translated or interpreted as any kind of endorsement of any particular cryptocurrency, token or altcoin or any method of obtaining it.

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