Understanding SafeMoon: A Comprehensive Guide to Buying on PancakeSwap

hello everyone uh welcome to episode 26. a lot of people have been commenting and asking me about a crypto called as uh

safe moon and today we're going to be talking about that crypto and uh when i was

looking into it one of the reasons i'm making this video is because it had a lot of link to my

episode 25 and 24 where we talked about decentralized finance and especially about

pancakes web finance so this also gives me an opportunity to show you how you can use pancakes web

finance to buy a new token and also how you can use it

uh in a mobile without a pc so in episode 25 we spoke about how to set up pancakes

swap and use it in a pc today we'll be talking we'll be showing a demo of how to use it in a mobile as

well so before we uh proceed with it obviously the disclaimer that

i'm not a financial advisor none of my videos are for financial advice or for investment

advice and also never ever send your money to a professional broker or somebody who claims to be a broker or an

investment advisor they're all cheats and they're all frauds basically so um first of all you know

what is the safe moon crypto and why do we need to buy it so um one recommendation that i would make

is that you know please make sure that you watch episode 24 and 25 so you can understand decentralized

finance a lot better and you can connect to this content a lot better but today's demo for the mobile app

obviously you don't need to have watched it but if you watch it it will be making a

lot more sense to you if you watch episode 24 and 25. so um specifically the the concept of coins

on banan smart chain in episode 25 that i explained is very important for this video so if

you have that background it will be very helpful all the links are there in the

description if you want to go proceed with the buying the the uh the coin using the

pancake finance or using binance for example so safe moon what is safe and safe moves

and is fairly newly launched to d5 token on the binance smart chain with a b p 20 token standard

a lot of uh interest online basically we know in social media has been buzzing uh lately and there are if you go to the

bsc scan uh there are roughly around half a million buyers or holders

already for safe mode so it's got a massive adoption and you know it's like tweets or

wherever you go social medias like hundreds and thousands of uh posts that are being posted about

social media so it's it's gathering pace really really rapidly unlike any other cryptos that

we've seen and why safe moon i mean there are there are a few reasons why a crypto can

go up a value of a crypto can go up the legitimate use cases like you know link for example

it's price feed of it's an oracle price feed and they are basically utilizing their

their value intrinsic value to to gather more uh value for the crypto itself graph

protocol obviously from their indexing perspective so they're all serving a purpose and for

that purpose they are collecting uh value for the crypto but alternatively a cryptos value can

simply go up because a large number of people are buying it out and they just decide that we all have it

the price needs to go up or the value needs to go up we spoke about episode zero zero how the

value was created for any currency for that matter forget cryptocurrency even in the beginning

like everybody had like a silver coin and they said that silver coin is going to cost this much and doggy

coin is a perfect example so um is it a scam or is it a pump and dump scheme so

uh first thing is it's not a uh it's not a scam in the sense that it's a legitimate blockchain it's a legitimate

blockchain uh on the binance smart chain contract and it's got a valid protocol it's sitting on the

bep 20 token standard we spoke about how anybody can create a valid smart contract and a valid

uh coin in the bep 20 token standard with banana smart chain and that's what has enabled them to create this coin in

the first place you can track all of the blockchain transactions of safe moon

on the bsc scan explorer so it's a legitimate blockchain for sure but that doesn't mean that it's not a

pump and dump it could be a pump and dump um it it could be a scenario where

somebody has just created it just to see if they can make use of um the the

phenomenal rise of doggy uh dog coin for example so um safe moon they're claiming that

there are number of defy use cases as a glorious website that is being built actually

a professional looking website but uh obviously you know it's too early in its stages to to even say

that you know are they going to even proceed with some of the d5 use cases for all you know they might but at this

point uh it's unclear i would say i uh from whether or not it's a pump and dump process but

you know why why do we then need to buy it i mean the the question is basically you know uh in the answer itself or

rather you know safe moon uh how many how many tokens are there in the safe moon

there are literally quadrillion tokens that's like a thousand trillion coins i don't think

in the crypto uh market capital or crypto supply anyone has spoken about quadrillion

tokens before to this magnitude this is probably the first coin that i've heard of

which is called like quadrillion tokens which is a thousand trillion tokens they've burned a few trillion tokens but

still you know that's that's amazing uh phenomenal number and it's ridiculously high number that the supply and market

capital concepts that we've spoken about before it just goes out of the window so um if nothing else right it's just

worth putting a very very small amount of money because when so many people are talking about it

and buying it it intrinsically creates a value because of the number of people

holding the crypto that's what happened to um you know most of the coordinated pumps happened

because there's so many people actually uh coming together like the gme uh process basically so which we

even spoke about i think in one of our episodes so ten dollars obviously uh if you put put

uh or ten dollars a thousand rupees or whatever is equivalent uh you can get probably like

millions about you know 2.5 or 3 million safe moon coins today because the uh decimal point is like the

sixth or seventh decimal point is where the price actually starts so it's common

psychology that people tend to invest in cryptos which have got like really really less

value because people keep asking me like you know give me a coin which is less than one rupee give me a coin which is

less than you know 0.01 or something like that so it's it's human psychology that we

want to invest ten dollars and we want to get a lot of crypto so uh

this leads to mass adoption this leads to price increase which we have seen in many many many cases like you know

dog or wink for example jst there were so many cases where um coins had a like the fifth decimal

point of the fourth decimal point and they have leapfrog now into like once and two centuries

which itself is like a thousand percent ten thousand percent uh jump in in value so this is again another

opportunity because of the number of people that is getting involved in this project

right now and it's a legitimate blockchain so that's the main part so previously uh when you want to buy a

crypto uh they've been only listed on it on a centralized exchange that's

controlled the price of the uh crypto to a large extent like unless and until it is available in

like finance or some centralist exchange it doesn't really explode in price perspectives but

with decentralized finance that's what has changed that's what we spoke about in episode 24.

there are no borders no permissions no controls nobody needs to give any control

every common man can come together and buy any crypto that they want and that's what decentralized finances changed

the crypto uh the face of crypto altogether which we spoke about again and again

repeatedly in episode 24 and 25 and that is the reason why i'm going to show you that how you can

buy it using pancake swap i'm going to do a full demo so in episode 25 i showed you a demo of

how to set it up in a pc i'm going to continue that and show you how to buy the safe moon coin using the pc setup

that we did in episode 25 but if you had never done uh episode 25 then i'm also going to show you

how you can done how you can do the pancake shop setup in mobile using trust wallet

which is a d5 wallet from finance we have set up multiple d5 wallets in our previous two three episodes and 23 24

and 25. today we're going to be showing you the trust wallet which is the

d5 wallet from binance basically so you can very quickly you will see in the demo how you can very quickly access

pancake swap on your mobile and you can buy safe moon very very quickly using your mobile but

i'll show you both versions how we can do it in your pc using metamask and how we can do it using your mobile

using trust wallet for binance registration in wazirex registration and the linking of

those two you can watch episode 25 which have given a very very detailed demo of how you can link it and you can

transfer if you are in india you can transfer from wazirex to binance free of cost and then from binance to

trust wallet it's very very quick and easy so at the moment uh one warning is that

we have no idea how this is going to pan out so i'm only suggesting that you put a

very very small amount at this point like ten dollars twenty dollars whatever you can afford to live without

right so it's like you know you just invest it's not even investment it's basically

just you know um it's like a price of a coffee or a meal that you're just putting it into it and see

you know whatever happens right it doesn't matter but if you decide if you decide to put anything higher than that

then when you have a profit if you are in profit if the value rapidly increases make sure

that you take out your profit make sure you at least take out your investment if you

decide to put more money on to it so first we're going to uh use pc and metamask

like how we did it in episode 25 we had set up a meta mask profile we've set up a pancake profile so we're going to do

the same thing so in your pancakes map um use the swap option and select

uh two currency as safe moon when you actually search for safe moon you can get it but

how do you verify this is the correct token because there's a lot of duplicate tokens that are

shells that are that are circulating right now so if you go to bse scan and search for safe moon you can see

that there are multiple uh safe moon tokens that have been created with multiple smart contracts

and some of them have like 40 addresses 50 addresses and the one that is

in the top you can see that it's got about 541 000 addresses nearly half a million holders are there already

and um that's the one that you are going to choose but even to make sure that even to be doubly

sure if you go to the safe moon twitter account and safemode.net which is their website

they have given the contract address so you paste the contact address into bsc scan and search for it

and you will see the exact same token and that's the token that you're going to

use so if you take that contract and if you go into pancakes for even there you can actually

search for it by by putting the value so if i if i basically go into the search option and put the contract address

i still get the same token so i know very for sure that this is the token that i'm going to

swap so um one thing that you need to do is you need to change the slippage so click on the three

icon settings icon and change the slippage to 12 percent generally we keep it less than one percent but here

because of the liquidity we're keeping it to 12 percent so i'm putting as 0.01 and it's showing me

that roughly it's going to give me like about you know minimum of 2.1 million to 2.3

million so i click on confirm swap and i and it's already telling me the price has changed

so i click on confirm snap and obviously conform swap and the meta mask approval will come into

picture and click on confirm in the meta mask and transaction goes through so like we

saw in the pancake swap demo in in previous episode

it like takes about you know roughly six seven seconds and and then it's done so now you can see that in the balance

it has updated my um coin so if you go to metamask by default you will not see that the coin that you

added is is added to your metamask so you can add token

uh and in the custom token address put the address again and click on add and you can see now that

the safe moon token is now added to your metamod so now we're going to see the mobile app so

download the trust wallet mobile app which is by binance so like we've seen crypto d5 wallet

we've seen coin based if i wallet so click on create a new wallet and then it will give you the 12 word recovery

phrase like you've seen in the previous episodes write down the 12 word recovery phase

and keep it safe and once you validate it um your wallet will be created

enable the notifications because you know it's sometimes you get really important notifications from it and then

when you scroll down you will see that there is two bnbs one is bnb and another is a smart chain we're going to use the

smart chain which is the bep20 standard when you click on receive and copy the address

that's your bep20 address now we're going to open binance app on the mobile itself so we're going

to do everything in the mobile itself you're not going to use the pc so open the binance app and uh go to

your spot wallet and you will see if you would have bought the bnb is what i am assuming like in episode 25 we

shown how to do it and paste the address the bep 20 address into it once you paste and tab out it

will automatically detect the network as be p20 and if it doesn't then change it to bp

20. make sure it's b p 20 and put in the value as 0.1 and 0.1 is the minimum value that is allowing you

to do now so put in the value as 0.1 obviously this is 50 dollars equivalent that i am

transferring the fees is very very small and withdrawal gets completed in like

in less than a minute it comes through to your trust wallet now for iphone users alone by default

the d app or the browser is not enabled in the trust wallet so you can enable it easily select like

if you see between the wallet and the dex icon in the bottom you don't see the d app or the browser

option so you go to safari browser close all the other windows

and trust colon slash slash browser underscore enable is what you type and click on go it will

ask you to open it in trustwallet and when you open it you will see that the browser is now enabled for you

that's how you enable it so if you are an android user you don't need to do it there you will see instead of browser

you will see the d app option the app is decentralized apps now what we are going to do is we are

going to go to that browser and we are going to search for in the in the trust wall itself we're going to

go to the browser i'm going to search for pancake swap finance so once you search

it it'll open this window and and you click on connect and you select the trust wallet option

on your mobile itself now it's got connected now we're going to start swapping in the pancake swap so

the functionality is very similar to the pc so you select the bnb and you select the two currency as um

the safe moon currency that we we are just going to swap to

so you select safe mode in the 2 and from and b and i am going to again do a 0.01

at this point in fact i am going to try doing a 0.02 and tolerance again set it to 12 percent

because right now this is working only in 11 to 12 percent hopefully later on when the liquidity

gets better you can still use the normal one percent again for point zero two i am getting

the double equivalent of what it is so maximum of ten dollars is what i am buying right now

and when i submit um okay and again it takes about uh roughly about you know 10 seconds uh

very similar the pancake swap process is very similar to the pc because it's running on the same thing

it's just running through the browser of of your trust wallet it's running as a d app and it's done

and if you go to the the trust wallet and you pull the window down using your thumb it

refreshes it and you can see the safe moon balance it's got about 5.1 million safe

moon that i bought using roughly about 10 worth of uh sale so that's

it that's a simple process that you can use to buy on your mobile phone so using trust wallet

optionally on the mobile how do you verify like the contract address right whether or not we are buying this right

thing so again open the safemoon.net and click on the bse scan it will open the bsc scan

on your mobile itself and you can click on the the contract address copy the contract address from from here

using the bsc scan safe mode token once you've copied it again go to your trust wallet uh

in the pancakes web paste the token contract address and it will show you that it is the safe moon coin that you

have just bought so thereby you can verify that this is the right

contract or right token that you're buying so hopefully this was useful to you

until next time thank you bye