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Thomas' job was to build the blockchain and his job is done. He's leaving Safemoon to "support Safemoon from the outside". Supposedly that means he has projects that are going to be lined up to support Safemoon. He's talked about creating a Papa token to put on the Safemoon blockchain. He feels comfortable with a team replacing him.
Thomas has also said that with everything Safemoon has going for it, it will be the ABC of crypto. He's been fervent in his support of the company and everything that Safemoon is about to do. He knows it's going to be big.
Growing talk about the Safemoon internet/telecommunications project.
It will never be just John. Ryan is still around. Charles was promoted to VP of Europe Operations. There have been a couple new hires at the executive level. There are a bunch of employment opportunities provided you live near the Global HQ.
There's nothing to worry about. Just movement. We're fine.
John has said that he thinks that consolidation will be released before Halo Infinite. Halo gets released December 8th.
My money is stuck in purgatory for 7 or 8 more days. Sigh.
You ok? No help needed?
I honestly don't know the full story and I didn't watch the drama yesterday. The best I understand is that from the very beginning, the original core team was toxic. Everyone wanted to go different directions and they seemed to harbor a lot of resentment against John. Hank, Thomas and Trevor were working on another project that they called "Safemoon without John" and that Hank referred to as "Safemoon the way it was supposed to be". That proposed token was called "Piggy Bank Token". Thomas spent less and less time with it. Trevor quit Safemoon shortly it was launched and Hank was fired after his leaked rant (which also discussed him working on Piggy).
Haven't seen that in a while! Thank you!
Figures. I'm not trying to be difficult but I know from past experience that we generally aren't allowed to post links to off-site discussion boards.
This one was easy. If you look at the associated image in the 8k, it lists both his passport number and the passport number of the person he was dealing with.
Go to the Safemoon website. Scroll to the bottom of the home page and click on the link.
100% agree with this. He's busy enough as it is. Anything to take some of the weight off his shoulders so he doesn't have to literally carry the world.
Bank transfer will be nice!
I'll have to check it out then!
Probably sooner for Android. I wish December. I'll gladly throw two more paychecks at it pre-consolidation.
One day when I sell it, I will!
Is it my birthday already?!
Does it actually burn Safemoon tokens? If not, then no.
Yessir. V1 to V2 token.
Yup.
The waiting is the hardest part.
Should be PLENTY.
No sir. I don't know if they'll give one. I think they're just going to release it spontaneously. They mentioned after the first wallet launch they were going to do this with most projects in the future.
It was thought to happen this week but the dev team came up with a few more things they wanted to add to it first.
Have to buy BNB and convert it to BSC.
I should have waited like 5 minutes to post that. Speculation confirmed. Gas fees yes. Safemoon tax no.
Ive heard 3 things:
1) Shouldn't need more than $5 worth of BSC.
2) Gas fee will go up as more people convert to V2.
3) Ryan posted something tonight that said there wouldn't be any cost of Safemoon. Which is confusing people. A lot of people think it means no fees at all. My speculation is that it means we still have the gas fees.... we just won't have the Safemoon tax that is implicit in every Safemoon token transaction.
Seoul, South Korea
What snax said.
1:1000 consolidation. The value of your holdings doesn't change. The coin will be worth more and your amount of holdings will decrease.
I'm using $0.000005 as a rough number since we're floating around all over.
$0.000005 x 1000 = $0.005.
On a side note:
So on V2 Day, approximately 25% of holders will get completely wiped out. Someone had said that will equate to a 25% increase in price post consolidation. I'm not sure where they got that logic from... The consolidation rate would be exactly the same regardless... the same amount of tokens are getting completely destroyed... but then again, I'm not particularly good at math and maybe they're seeing something I can't. Just food for thought.
To answer your first question, the token price and your total value of SafeMoon is a reflection (no pun intended) of the exchange where you bought your coins from. There is no central exchange at the moment and each exchange sets their own prices for the token. They're generally pretty close to each other but rarely are they ever the exact same price. One of the reasons for the consolidation is to create a more stable token, which should effect the varying prices to some degree as well... Especially once the price goes high enough so that the differences between exchanges are more noticeable.
To answer your second question, there isn't really such a thing as SafeMoon UST. It's just SafeMoon. When this board was first created, I tried to fix the tag but someone kept switching it back. I think they thought that was how the token was going to be listed... but it wasn't. I didn't want to play the back and forth game or irritate The Powers That Be so I eventually left it alone.
Wasn't me. Was NYCB. I hated crypto but he talked me into it.
Just think... end of this week or sometime next week (possibly... dates uncertain) this token is going to be at half a cent. And it's only going to go up from there. Lots of people saying dollars a year from now. 2-3 years from now is going to be crazy.
Are you referring to the token price?
Probably are but... I've decided not to buy it. I still think Safemoon has greater potential. By a lot. The other one is great and all and will be amazing... but we can buy more Safemoon than we can the other one at current prices and from where we are currently sitting, Safemoon has a better growth opportunity.
lol... give it a few more days for one more thing to arrive... this last thing is something he's more likely to wear when he goes overseas.
There's no need to apologize. Seriously. You're watching out for everyone by trying to prevent bad info. I can appreciate that. :)
Me too, in four more days. Probably just going to keep punching away at it until I can't anymore.
You're right.
But it's not from Twitter. Not trying to be ambivalent. I guess you can say I don't want to cause any discord...
Its not Safemoon related. And honestly after crunching numbers, I decided to keep plugging money into Safemoon. The potential is much better. Especially at these prices.
Same here. I'm somewhere in the billions but not a whale. I'd like to buy more but saving for a new crypto that has its ICO in January. Womp womp.
Another piece of the puzzle is just that Safemoon has so many zeroes its not being taken as seriously as it should. A lot of investors see the potential but are watching for something to happen. They don't want to wait years and years to hit a penny.
When the consolidation happens and some zeroes get knocked off, we're going to start seeing more serious investors getting involved. We can get listed to bigger exchanges. Our own exchange is coming up. Our blockchain is supposed to be finished in December, which turns Safemoon from a token into a coin. There are several projects in the Gambia, one of which is the wind farms. Those will increase the burn, as well as our 10% tax and the commerce fee... so you're going to see the burn pick up as well. More demand, less supply will drive the price up.
All we have to do is sit, hold and wait.
Quick profit vs longer term wealth.
Its not unusual and nothing to be concerned about. Another stated reason for the consolidation was that it would make it harder for the whales to control so many tokens and manipulate the price so easily.
Bear in mind that there have been a lot of whale purchases also. It's not just selling.
You are right. It is different than stocks.
Part of it is reflections. Some whales own so many tokens and their reflections are so high, they can just sell billions in reflections and not worry about it. It's great for the burn. Not so great when it can manipulate the price.
Part of it is just buying a bunch of shares, selling them off when it gets high enough, and then buying them back at the manipulated lows. That part, at least, is similar to penny stocks.
It doesn't really have much to do with the consolidation. It's been like this since the token started. It's just feels like its increasing in frequency lately.
Good question. I don't know. Safemoon Wallet you have to buy BSC and convert or ETH and convert. I'm sure when the Exchange comes out it won't be an issue anymore.
As soon as they fix the reflections tracker, I'll let you know. Ryan is working on it. One of those new additions that's super glitchy at the moment.