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Brian Brooks, chief executive of the US arm of global cryptocurrency exchange Binance, said on Friday he had resigned just three months after taking up the role.
To buy Safemoon, you have to add Binance Coin to your TrustWallet and then transfer that to Pancake Swap, where you can then buy Safemoon. This process is pretty complex, which is why many retail investors choose to invest in alternative cryptos.
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The former US banking regulator and crypto enthusiast is resigning at a time when regulators in Hong Kong, Britain, Germany, Japan, Italy and Thailand have cracked down on Binance due to worries over investor protection. Watchdogs globally also fret that the boom in cryptocurrencies is aiding money laundering and increasing systemic risks.
So far, the main thing that has driven Safemoon has been the hype generated by celebrity backing. Celebrities such as Jake Paul, Afrojack, and Keemstar have also promoted the coin this year, leading to significant price increases.
The new team, called Twitter Crypto, is aimed at being the center of excellence for "all things blockchain and web3," Financial Times reported.
Dogecoin, founded in 2012 as a joke, has drawn widespread attention from high-profile personalities such as billionaire entrepreneur Elon Musk and rapper Snoop Dogg.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
First US exchange traded fund linked to cryptocurrency garners strong demand following debut
If an investor believes in the technology-backed digital currency, then cryptocurrency should be his cup of tea. Just a decade-old asset class, it has yielded astronomical returns over the years. Some investors look to use these digitally coded tokens to hedge against inflation. Despite high volatility and speculations, there are multiple reasons that they can become mainstream in the coming future.
Currently, it is said that safemoon has issued 1,000,000,000,000,000 tokens, but its upper limit is 1,000,000,000,000,000,000,000,000, according to its contract, which is equal to the number of every atom in 1,000,000 galaxies. In contrast, only 5,000 4JNET NFTs are issued, and all NFT holders can enjoy a reduction of 3% service charge.
According to Karony, SafeMoon could soon be listed on top cryptocurrency exchanges, increasing the accessibility of the token.
Nuclear Medicine Market size worth $ 10.87 Billion, Globally, by 2028 at 4.8% CAGR: Verified Market Research®
Currently, the global crypto market cap stands at $2.87 trillion, an increase of 4.70%. Other cryptocurrencies were also trading in the green.