SafeMoon CryptoBuxx the size of a US Dollar bill and have a face value of 1 million Safemoon V1 tokens (SAFEMOON) and can be redeemed for 1,000 SafeMoon V2 (SFM). The price of the CryptoBuxx is the cost of the coins plus $0.99 for paper CryptoBuxx. CryptoBuxx are redeemed based on a specific number of coins, not a dollar value so the value of the coins when redeemed may be higher or lower that when purchased. A holding period of seven days must pass since purchase before the CryptoBuxx can be redeemed. There is no additional cost to redeem.
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Ranked #207 in popularity
Launched: March, 2021
Blockchain: Binance Smart Chain
SafeMoon is a cryptocurrency token created in March 2021 on the Binance Smart Chain blockchain. The token charges a 10% fee on transactions, with 5% redistributed (or reflected) to token holders and 5% directed to wallets in a different currency, Binance Token (BNB), controlled by the coin’s authors, described as a liquidity pool, to create a “solid price floor and cushion for holders”.
SafeMoon was released in March 2021. The slogan of SafeMoon, “Safely to the moon”, took inspiration from the popular phrase “To the moon”. After its launch, SafeMoon quickly gained over one million holders of the cryptocurrency. SafeMoon multiplied rapidly in value after a wave of celebrity endorsements, including from rapper Lil’ Yachty, YouTuber Logan Paul, sports blogger Dave Portnoy, and Backstreet Boys member Nick Carter.
In December 2022, Safemoon converted its tokens from version 1 (V1) to version 2 (v2) and in doing so, did a 1,000 to 1 reverse price split. This resulted in the swap of 1,000 V1 tokens converting into 1 V2 tokens. At the same time, the price of V2 tokens were 1,000 times the price of V1 tokens resulting in no change to the market cap of the project.
SafeMoon’s Chief Blockchain Officer Thomas “Papa” Smith won the Binance Global Influencer of the Year Award 2021.
CryptoBuxx are a printed certificate representing a fixed number of coins that can be redeemed and transferred to a crypto wallet. They are not intended to be investments or investment advice. Crypto currency markets are volatile and contain substantial risk. Coins had value at time of purchase may be worth more or less at time of redemption. We have no control over coins or their sponsors. We are not responsible for lost or stolen CryptoBuxx, please treat them like cash. CryptoBuxx can be redeemed at any time after seven day after purchase. We are not responsible for coins lost due to incorrect private key. Certificate Exchange, LLC may receive revenue from affiliate links on this website.