What is a SafeMoon token?

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 Coin (BNB), controlled by the coin’s authors.

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Is SafeMoon same as SafeMoon V2?

SafeMoon upgraded from V1 to V2 on December 13, 2021 and consolidated its tokens to a 1000:1 ratio . The V2 upgrade reduced SafeMoon’s circulating supply without affecting the overall balances of its users. It’s been two weeks since the V2 launch and the migration will not be processed automatically.29 Ara 2021

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