In this guide, we outline the safest and cheapest way to buy the latest community coin SafeMars (SAFEMARS). The SafeMars Crypto is the governance token for their NFT Marketplace and Metaverse ecosystem, which pays out rewards to stakers as a network dividend.
The SAFEMARS token is currently only deployed on the Ethereum (ETH) network, which means transacting on-chain is quite expensive. This guide will teach you how to buy the SAFEMARS token cheaply through a trusted centralized exchange called Gate.io.
- Trade over 1,400 cryptocurrencies including SafeMars with low fees.
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- Staking, NFT Marketplace, IDO Launchpad + more.
How to buy SafeMars Crypto
The easiest way to buy the SAFEMARS crypto is thorugh a centralized exchange like Gate.io. Their platform allows any user from around the world to sign up without KYC to trade over 500 different cryptocurrencies including the SAFEMARS token. They also offer very low fees starting at 0.2% per trade.
To get started, follow this simple guide:
- Step 1: Sign up to the Gate.io platform.
- Step 2: Send USDT or BTC to your Gate.io account from another exchange (you need this to swap for SAFEMARS).
- Step 3: Find the SAFEMARS token in their tokenlists.
- Step 4: Input the amount of USDT or BTC you want to swap for SafeMars (SAFEMARS) tokens.
What is SafeMars?
SafeMars is a Metaverse and Gaming project that is deployed on the Ethereum and Binance Smart Chain (BSC) networks. The protocol was first deployed on the 13th of March 2021 and has since burned over 50% of the supply thanks to its deflationary tokenomics that is designed to protect investors.
Is SafeMars (SAFEMARS) a Good Investment?
It is difficult to say whether SafeMars is a good investment at this point in time. They have released a working NFT Marketplace, however it has gotten no real user traction. Their token price has also performed quite poorly over the last 12 months and has underperformed other meme coins like Saitama Inu and Shiba Inu.
Can I stake SafeMars?
SafeMars has not yet released the staking feature on their application. Their roadmap states that they will offer staking to distribute protocol rewards to investors, however no solid date has been announced.
In conclusion, the SAFEMARS token is only available on the Ethereum network, making transacting on-chain quite expensive. The best and cheapest way to buy SAFEMARS is through a trusted centralized exchange like Gate.io, which offers low fees and over 500 different cryptocurrencies to trade. It is unclear if SafeMars is a good investment at this time, as their NFT Marketplace has not gained traction and their token price has underperformed other meme coins. Additionally, staking is not yet available on their application.