Investments

Safemoon or Win cryptocurrency: which is more worth it?

Cryptocurrencies are increasingly hot on the market and today they can even be used to pay for a restaurant. Discover the particularities of Safemoon or Win and their advantages and disadvantages to see which one is best for you!

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Discover the best cryptocurrency for you to invest in!

Pessoa colocando bitcoin no bolso
Find out which are the best cryptocurrency wallets. Source: Pexels.

Cryptocurrencies are virtual assets that have become popular in recent years. In fact, many people are looking for portfolios to start investing in them. This is because, although much still seems uncertain and speculative, they are already present even in bill payments. So, today we're going to talk about two of them: Safemoon and Win.

After all, currently, you can now use virtual currencies to pay for dinner at a restaurant, or even generate a bill to pay a water bill with cryptoactives. So, it really seems like they are here to stay and it is interesting to get to know each of them in detail. 

Furthermore, every year new virtual currencies are launched and mined. Therefore, read the full article to find out how Safemoon and Win work, their advantages, disadvantages and whether it is really worth investing in them.

mãos cheiras de criptomoedas

How to buy Win cryptocurrency?

Discover the ways and step-by-step instructions on how to buy Win cryptocurrency, one of the most promising digital currencies!

Logo SafeMoon fundo preto

How to buy SafeMoon cryptocurrency?

Find out step by step how to buy and invest in the promising SafeMoon cryptocurrency!

Win Cryptocurrency 

logotipo Wink fundo azul marinho
Source: Discover the WINk cryptocurrency. Source: Medium WINKlink.

First, understand that the token is known as WIN, and the cryptocurrency is WINk.

So, WINk is a decentralized betting, casino, gaming and gaming platform. She is also part of tournament organizations such as poker and club betting.

Despite being a cryptocurrency aimed at the gambling scene, the platform itself is increasing in value due to the migration of investors from Ethereum, who seek to reduce costs.

Furthermore, it has been fulfilling its role according to the planning of its path and launch.

Unlike traditional betting and gaming platforms as we know it, WINk does not operate on websites and does not need hosting.

It operates on the TRON blockchain, whose transactions are cheaper compared to the Ethereum network. 

Furthermore, when we talk about decentralization, we are basically referring to regulation. 

And when we talk about bets, instead of bets being in currency, they are traded in the cryptocurrency in question.

Another point that differentiates this cryptoactive from some others on the rise in the market is its low volatility.

Since users receive rewards for keeping this cryptocurrency in custody, this ends up stabilizing the currency.

Overall, one can think of the WINk process as something questionable, as it is permeated by games and betting.

But it is undeniable that its market value is good and is increasing in value. 

Benefits

  • Cryptocurrency on the rise in market valuation;
  • The TRON blockchain, where the operation takes place, attracts investors due to its lower costs;
  • It has lower volatility as it offers bonuses to users who hold them.

Disadvantages

  • The platform operates games and betting, which can be a questionable market.

Safemoon Cryptocurrency

Logo SafeMoon fundo preto
Learn more about this cryptocurrency. Source: Youtube SafeMoon.

The Safemoon cryptocurrency was created on the Binance blockchain. Like WINk, Safemoon is a new, rapidly growing virtual currency.

The objective of this coin is to be a project that solves the issue of liquidity and to be a community-oriented DeFi protocol.

It operates with three actions: reflex, liquidity pool acquisition and burn.

In other words, by reflection, Safemoon rewards those who hold the currency, as it is expensive to sell or execute day trade with this crypto asset. There is a tax of 10% that is distributed equally to liquidity and cryptocurrency owners, that is, 5% in each process. 

Once the liquidity pool is acquired, the price stabilizes. It would be the 5% that we talked about above. 

The rest is converted into BNB in the burning process. This causes this asset to become rare, and thus its price rises.

This cryptocurrency is also considered one of the best launched on the market, largely due to the marketing campaign behind the project.

Currently, a new version has been released. Like the first, V2 is focused on innovation and expansion.

Benefits

  • Rare project, which increases the price of the asset;
  • The project also intends to work on educational and social actions, as well as expanding into the universe of NFTs, which could further increase the value of the cryptocurrency;
  • It is on the rise rapidly;
  • The project seeks to fix liquidity and volatility issues.

Disadvantages

  • There is controversy in the fact that the creators hold more than 50% of liquidity;
  • Some say that Safemoon's intended actions will not completely get off the ground;
  • Some vulnerabilities were highlighted in the system.

Safemoon or Win cryptocurrency: which one to choose after all?

Every cryptocurrency is a bet, since unlike a share, there is no backing. Basically, therefore, you base yourself on what price it is. For example, Bitcoin could be traded for a few euros some time ago. Currently, its value is more than 40 thousand euros.

Nowadays, we could say that anyone who stopped buying when it was worth 1,000 euros lost money. But, at the time, it was a bet that its value would rise in geometric progression. And this goes for all cryptocurrencies.

Our suggestion is that regardless of choosing between Safemoon or Win, invest if you have money left over, hoping for appreciation in the medium and long term.

Both cryptocurrencies in question are rapidly appreciating, which could be a sign of a good investment. That is, you may be able to buy now and achieve a good increase in the value of your assets in a short period of time.

But be careful when investing without first researching the world of virtual currencies thoroughly. As we said above, cryptocurrencies are gambling. Therefore, aim to invest in projects that clearly demonstrate their objectives and improvements for the community.

Finally, if you prefer a third option, read our next text about the Solana cryptocurrency and see how to buy with it! 

Logotipo criptomoeda Solana com palavra Solana escrita

How to buy Solana cryptocurrency?

Learn about how to buy Solana cryptocurrency, the biggest competitor to Ethereum!

About the author  /  Aline Augusto

My name is Aline Mesquita, I'm a writer here on the blog, where I write about finance in general, as well as other topics. I have been working with content creation for 10 years, with a postgraduate degree in Project Management, with expertise in SEO practices, in addition to studying finance, market trends and cryptocurrencies.

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