SafeMoon Clears the Issue with DOGE
Meme coins are making waves, with both Dogecoin and SafeMoon now listed at the top in the ranking of meme coins by market cap. The CEO of SafeMoon, John Karony, clarified with his tweet yesterday, that there are no issues with Dogecoin:
“We have no issues with Dogecoin. Fun fact, the SafeMoon Chief Blockchain Officer was involved with the Dogecoin x SpaceX partnership.”
The two meme coins appear to have a great deal, since SafeMoon will allow you to hold your DOGE in their respective wallet. The CEO’s public post is a great move towards clearing any issues between the two coins. But what is the difference between Dogecoin and SafeMoon?
Just like Dogecoin, SafeMoon is considered a meme coin, which is blockchain-based crypto, but with a minimal difference to other cryptocurrencies. SafeMoon gives back to their long-term investors or to those who keep their coins. According to a report, “most investors would agree that SafeMoon has a higher potential for returns than DOGE”. SafeMoon charges sellers a 10 percent penalty tax fee, while redistributing 5 percent of this tax as a reward to the people who hold onto their coins.
In conclusion, there are no problems between the two coins. They have just become rivals since then, as both are driven by hype and social media discussions. Dogecoin and SafeMoon are now on good terms, as John Karony stated on Twitter.
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