Last but not least, SafeMoon was considered dead by most people, with its market capitalization dropping from $6 billion to less than $1 billion in just a few months. Moreover, the SafeMoon team was anonymous at first, something that made SafeMoon look like a rug pull. Most people believed these wallets belonged to the founders, and so they did. During its first days, people criticized the token for being highly centralized, with more than 35% of its total supply being allocated to only a few wallets. Secondly, SafeMoon contained many indicators that the token might be a scam or even a rug-pull. They want only high-quality tokens to be listed in their exchange… after all, they are the biggest centralized cryptocurrency exchange at the time. You can do this by going to their website.īut why isn’t SafeMoon listed on Binance? Well, there are numerous reasons why Binance declines applications.įirst off, any cryptocurrency or token that wants to be listed on the Binance exchange has to go through rigorous inspection.
Nevertheless, they provide some guidelines and an application form for the crypto projects that intend to be listed. Why Isn’t SafeMoon Listed on Binance?īinance does not have any official criteria that should be met for cryptocurrencies and tokens to be listed in their exchange. However, as time passed by, SafeMoon proved its credibility and became more and more transparent. But when it comes to the credibility of this token, many investors tend to criticize it because of its tokenomics and low liquidity. Even though it is this young, SafeMoon is very famous and has millions of followers on its social media accounts. The SafeMoon token began its crypto journey not so long ago, being launched in March 2021.
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