Why is the total supply of Safemoon limited?

3 answers

• csascriptOct 09, 2022 · 3 years ago
  The total supply of Safemoon is limited to create scarcity and increase its value. By limiting the supply, the creators aim to prevent inflation and maintain a stable price. This strategy is often used in cryptocurrencies to create a sense of rarity and exclusivity, which can attract investors and drive up demand. The limited supply also helps to prevent large holders from dumping their tokens and causing price volatility.
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• John OlabanjiMar 04, 2022 · 3 years ago
  The limited total supply of Safemoon is a deliberate decision made by its developers. By setting a cap on the number of tokens that will ever be in circulation, they can control the token's value and prevent dilution. This can be seen as a way to protect the interests of early investors and create a sense of scarcity in the market. However, it's important to note that a limited supply does not guarantee the success or value of a cryptocurrency.
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• miavJan 24, 2024 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, explains that the limited total supply of Safemoon is a key feature that sets it apart from other cryptocurrencies. It is designed to incentivize holders to keep their tokens and discourage selling. This can create a strong community of supporters who believe in the long-term potential of Safemoon. The limited supply also helps to prevent price manipulation and maintain stability in the market.
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