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With DeFi taking over, a newer and more profitable coin is putting Bitcoin to the test ?

Search patterns and activity on telegram indicate that enthusiasts of cryptocurrencies throughout the world are becoming increasingly interested in SafeBTC, a newer cryptocurrency that is more profitable and is considered Bitcoin’s “sister.”

There is not much information available about the whole project as of yet; however, the team appears to be on the verge of releasing a significant rebranding that will include a new website, logo and branding, improved token economics, and a new white paper.

The fact that SafeBTC can reward token holders based on trade volume has generated a lot of excitement despite the fact that the platform has only been around for about a week. You did not misunderstand what was said. The “prize” for token holders will be an increase in the value of their holdings as the volume of transactions increases. In point of fact, each transaction will cause a piece of the supply to be destroyed while simultaneously awarding another share to the wallets of existing holders. A passive income on the blockchain, in its most basic form.

To put it another way, the “seller” will be subject to a 4 percent penalty that will be deducted (burned) from their selling balance as a result of the smart contract that is embedded within the token code. Following that, a reward in the amount of 2% of this sum will be redistributed to holders who have already acquired it.

For cryptocurrency users to be able to purchase SafeBTC, they must first acquire some Binance Coin (BNB) and then, in essence, trade that BNB for SafeBTC.

If you are looking for step-by-step directions, we have a video tutorial that will walk you through everything step-by-step:

https://www.youtube.com/watch?v=uovp7BO72HQ&t=12s

Given that, at the time of writing this, SafeBTC has not been listed on any major exchange, and it has not even shown up on famous cryptocurrency aggregators like CoinGecko yet, this certainly has the ability to pick up momentum and expand in market cap in a hurry. This is not intended to be financial advise because cryptocurrencies are volatile and difficult to utilise; therefore, you should always do your own research (do your own research).

The number of people participating in the SafeBTC Telegram community grows by the hundreds each day as an increasing number of people see the lucrative Bitcoin as a path toward achieving financial independence.

There has been a recent surge in the size of the Telegram community (https://t.me/safebtcoriginal).

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Evangeline Christina is a Cyber Security Enthusiast, Security Blogger, Technical Editor, Certified Ethical Hacker, Author at Cyberspecial.net. Previously, he worked as a security news reporter in a reputed news agency.