Today we are bringing SafeMoon SAFEMOON to Bitrue.
SafeMoon is a very popular DeFi token which launched just a couple of months ago. In order to promote long term holding of this coin, transactions are taxed by the network at 10%. A portion of these deducted funds are burned, while a separate portion are redeployed into a liquidity pool with BNB on PancakeSwap. You can find more information about their project on their official website.
Deposits for this coin have already been opened, so if you are an existing holder of this coin you can be ready to trade the moment a pair goes live. An initial trading pair of USDT will be set up soon, and withdrawals will be enabled approximately 24 hours after trading goes live.
PLEASE NOTE: When depositing SAFEMOON to Bitrue, only 81% of the coins that you send will end up in your Bitrue portfolio. This is because an initial 10% is deducted due to an on-chain transaction, as mentioned above. In addition, all coin deposits on Bitrue are quickly aggregated into a main wallet, which is a further transaction on the network and so undergoes a further 10% deduction. Other exchanges have similar processes in place.
If you are not satisfied with these circumstances, please do NOT deposit your SAFEMOON to Bitrue. We are unable to reimburse any coins that are deducted by the network in this way.