Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I was trying to reply earlier but someone needed to borrow my computer and ended up restarting it before I could publish... sigh...
Anyway, I have to somewhat disagree. It is ridiculously easy to transfer from from Trust Wallet to the Safemoon Wallet, initially... I agree with you if you're talking about later steps after the initial set up. Which I'll touch on towards the end.
I know this is posted all over Twitter but...
DO NOT TRANSFER TOKENS! IMPORT THEM!
I'm guessing if anyone got the BNB surcharge or lost 10% of their tokens, they transferred instead of imported.
On the first page, click the Terms box at the bottom and then select the top option, which should be Import.
Enter your 12 word passphrase from Trust Wallet.
Create a new password for your Safemoon Wallet (I'm hoping it will eventually take the fingerprint scan instead).
Voila! Done.
I love the buy button. You can use Wyre to buy the crypto using a credit card. I like that when you buy the crypto, it goes straight into your Trust Wallet.
What I don't like is that you can only buy Etherium and not BNB. Unless I'm doing something wrong. I'll work on it later. It also doesn't reflect my Etherium tokens in my Safemoon wallet... even when I switch from BEP to ERC.
Regardless... just the fact that it took a few steps out of how I tend to buy Safemoon is awesome and a huge improvement for me.
Havent had a chance to play with it yet. Gonna try it out when I get to work in a few. Have you used it yet?
DL'ing mine right now in the US.
100%
I agree. The buy button is supposed to be on the Android version of the wallet when it comes out. An additional 1-3 months for the iOS puts you in the time frame of the Exchange release also, so yes, zeroes will definitely be falling off around that time.
I do think that the wallet will boost us up in price, as was demonstrated prior to the previous "launch". I just don't think that alone will be enough to drop a zero. I could very well be wrong. I hope I am. I would love to go through another price spike. I would also like to see a bigger burn before we get to the point where they decide to consolidate the token.
You are 100% correct in that people don't have the patience to buy, send, trade, swap, send, and then swap and trade again. I'm not going to say I hate it now that I've gotten used to it... but it took me five hours the first time to figure out, and I had to solve my own problem for why Pancake Swap wasn't working for me because it wasn't posted clearly anywhere. I still have to wait 30 minutes to 1 hour for one of the trades to go through even now.
I am definitely looking forward to our next phase as we become more professional and start functioning the way an international corporation should function.
Yeah. Webull is definitely random. That's not to say that I don't want another point to purchase Safemoon from... just... kinda scratching my head. Is it just to get them attention?
Yeah. Safemoon wasn't even involved in it. Webull just kinda did it. No conversation was had. It's odd.
I wish...
I'm sure. I feel horrible for those of you that are overseas that want to go home or take some R&R and can't.
Exchange will generate a lot of excitement and cause the price to go up.
As the blockchain gets closer, expect more FUD to come out.
Brace yourself.
"Emergency SafeMoon AMA" aka Papa's "I'm Not Leaving Edition" - 9/10/21
- There are labor laws involved which means that the Safemoon Team can't comment too much on why people left.
This is sort of telling... If someone just straight out quit, that's all they would need to say. Instead, they're just kind of beating around the bush. The announcements by Hank and Jack seemed to have been intentionally made prior to SafeMoon being able to release the information in a manner that was better prepared.
We already suspected that Hank was asked to resign. John all but confirmed this in the AMA when he said "while the decision to replace was not made lightly, sometimes you have to make difficult decisions in order for the mission to get done, in order for us to progress, and in order for us to evolve."
Jack citing his need to remove himself from toxic environments while at the same time saying it had nothing to do with the holders, innovations or the token itself... but leaving out the Safemoon Team component... sort of implies that he had a problem in the workplace with some of the personnel involved. That problem could just simply be that two people were asked to leave and they're taking it hard.
Just speculation.
- The company restructuring started over a month ago. This reorganization is at it's tail end. Turnover is normal, especially in the first couple of years. It's just seen more here because the team has some pretty high profile social media accounts. Usually it's much more private. Crypto is extremely public.
- Thomas is not leaving SafeMoon. If you don't hear it from Thomas, it's likely a lie.
- The next COO and CTO will have corporate experience. They've been working on their hiring pool for about a month and will announce the new additions in the next week or two. These include people with doctorates and decades of experience.
- Audits will be done by one of the "Big 4" auditors. This will be done not only for the products, but also a generalized audit. There will be heavy security assessments and audits on the wallet and products also.
- There will be an effort to improve the connection between the Safemoon social media team and the community.
- The timeline for release dates on some of the projects is being updated. As a result of the reorganization, new teams were created and some teams were merged together. Things are being worked on behind the scenes in parallel and as they get more information, they will let us know.
- Actions are being taken to make sure that a failed launch doesn't happen again. There are already improved security mechanisms in place. Additionally, when a product launch is announced the project will have already been completed and approved through whatever platform is launching it.
- There was a really great question about a hard fork and reverse split of the token and it's likely going to cause a lot of concern. I'm actually a little concerned... but a big part of that concern is that I just don't understand enough about it right now.
First - V2 is not the hard fork. V2 is just an upgrade to their smart contract. Just better coding and security. Nothing else.
Second, a technicality - a token is any crypto currency that does not use its own blockchain; a coin is any crypto that has its own blockchain.
Right now, Safemoon is a token. It uses the Etherium blockchain. This is likely one of the reasons that the first bridge was between Etherium and Safemoon. By creating its own blockchain, Safemoon will have its own coin. So there will be an Etherium Safemoon token and a Native Safemoon coin. One old. One new. Not exact terms. Just using those terms as a point of reference. This split between the old token and the new coin in terms of the blockchain they are assigned to is called a hard fork.
The concern that I've read about seems to be that the old token will not be worth the same as the new coin. This is not true. The new coin and old token will be bound to each other. The value will remain the same. Remember that phrase they keep repeating - 1 SFM = 1 SFM. There will also likely be a way for you to transition your old token to the new coin if you choose to do so. In my head... I envision this as being on Trust Wallet when you need to swap out your BNB for your BNB smart chain token in order to buy Safemoon. It's pretty easy. There's a minor fee. It's not a big deal. I'm not saying that this will be what they choose to do, just an example of how painless it could be. Regardless, over time the old token will likely just get phased out as old ones are sold and traded and new coins are purchased.
The second part of that question revolved around a reverse split. There have been rumors of this for a while. We all know what a reverse split is. Some view it as the death sentence for a stock. It's usually done by companies that are in some serious financial trouble. We also know that while it consolidates value, it usually creates a situation where everyone starts jumping ship - further tanking the value of the stock. Yes there are exceptions, but this generally proves to be the rule. Even the phrase tends to make my blood run cold.
It's different in cryptocurrency. In cryptocurrency it's called "token consolidation". The premise is the same. Combine the token supply so that there are less outstanding tokens. Your total value stays the same, but there are less tokens. Less supply with the same or higher demand = more value. The only concern I have is... what exactly will the token consolidation ratio be? I have to remind myself... the team holds tokens also... if it's too extreme they're potentially hurting their own profits too.
Now... the reason for all of this is that the amount of circulating tokens is just too damn high. We've known this from the start. We've also known that Papa has said he can see the amount of circulating coins being about 100m in the future. We also know that with the trillions of coins that the whales have, it would be nearly impossible to get to that point if they don't ever give those coins up. This is one of those necessities that will get us to where we need to go.
It is extremely important to note right now - The idealized version of a final token supply count is not confirmed. The token consolidation is not confirmed nor is it ironed out. We don't even know when it would happen or to what extent. The only thing confirmed right now is the hard fork.
This was taken from Reddit user u/Agreeable_Dust_8895:
"Nothings going to change aside from the numbers and honestly will be a better and faster progression imo. Just continue to buy and hold and hopefully we watch as the price starts to skyrocket past $1 in the future. Instead of waiting for 0.01 plan for it to go way beyond $1, that’s all."
- There are currently no business associations with any other "Safe" projects. Just because Thomas comments on something doesn't mean that we're associated to that company or project. Stop reading into it.
- Yes, the Android wallet launch will be a full launch. It has been submitted already for Google Play. Once the Android audit/approval process is completed it will be launched. It could be a few days. The iOS platform has not been resubmitted yet. It's just a little bit further behind.
- There will be an NFT tab integrated into the wallet. Android will have it. iOS is a little tricky because iOS is blocking NFTs. So they're working on that side still. NFTs are implied to be part of Operation Pheonix.
- Webull - Safemoon was not actively pursuing it. They just got listed by them. Didn't have anything to do with it. There was no discussion.
- Website is being overhauled to reflect the team changes and the key moments.
- More pairs and features will be added to Safemoon SWAP. They're squaring away what they have now to make sure that it works first before they update with newer features.
- Ryan bleeds Safemoon turquoise. Confirmed.
- Geek speak about different levels of encryption. I dunno. As long as my sh... stuff doesn't get stolen, I don't care. Upgraded security and encryption is already being developed on the back end and integrated and will encompass all products.
- The exchange will be able to handle over 3,000 transactions simultaneously.
- A request was made by a user to have more platforms list Safemoon in the Middle East. The wallet will help with accessibility all over the world.
- There has been some massive whale dumping.
- Which led to this
- Again... this is a really good thing. That's a pretty good sized burn there. The more we burn now, the less we have to consolidate in the future. We all got some extra tokens from it. One less whale holding an oversized portion of Safemoon. If they panic sold because of Jack and Hank, so be it. There's nothing to panic about and the rest of us are stronger for it. Get in on the discounted tokens while you can!
- The team exuded confidence throughout the entire AMA. The decision to reorganize and swap out some people for those that are better qualified and have more experience is a very savvy decision. There are still a lot of big projects that are coming out.
Thank you to MY 2019 WRX STI for posting this video.
https://www.youtube.com/watch?v=N0WnPjanu5Y
@WAR_CTR4Hire
I can see your messages but can't respond to them because my subscription is up. I don't intend on renewing it.
"Mental health reasons" isn't meant to infer any negative connotations or specific diagnosis. I sincerely apologize if that seemed demeaning or judgmental to anyone here. It could just be that he's angry and needs to calm down. Could be burned out and needs a break. Could just be stress. We've all been there. Heck... I'm probably there right now if I'm being honest. Can I retire yet?
For clarity, his exact phrase was "my well-being is now more important to me than ever and I need to remove myself from any toxic environments."
I think there's more to the story. Usually is. But you're right. Better to get it out of the way now as opposed to later. I think the changes at both the CTO and COO levels will be good for us. Not worried in the slightest. We still have Thomas.
Hope all is well with you too!
I hate to say this... but I think we'll start seeing zeroes drop off when the exchange comes out. Until then we might just be treading water.
As Monte said, this company is very young. I'm going to generalize and say that typically crypto has a stronger following amongst younger investors than it does with older, more experienced ones. That's not to say there aren't older investors (raises hand), just that it's almost like a trendy thing as opposed to more traditional stock trading that is more comfortable and familiar for people that have been trading for a while.
For whatever recent reason... maybe it was the AMC/GME stuff... this new wave of investors seems to think that changes will happen overnight and if they don't the stock or token is bunk. As a result of that, or maybe even resulting from it, they don't care much about the smaller foot steps that lead us to these bigger results... in Safemoon's case... the wallet... the SWAP... the buy button... etc. From what I've been seeing, they appear to be focused only on the Safemoon exchange.
This leads to a problem for them in that a large portion won't get in as early as they should to capitalize on their potential gains and/or will sell out too quickly before those gains are fully realized. It also leads to a problem for the rest of us as we have to deal with the sell offs or stagnating buys while waiting for that one big record to drop.
So again... might be stuck until the exchange comes out due to a lack of fundamental understanding. Which... it is what it is. The exchange will be huge. It will produce revenues and increase both the liquidity pool and the burn rate. It is a big deal. It's just that a lot of things that should be moving us upward are getting overlooked in the interim. This combined with the massive whale sell offs in the last couple of days.
Anyway. Might be right, might be wrong, but those are my two cents.
What will it take to make it tradeable?
Saw that too this morning! Thinking this time I'll give it a week or so before I jump in on it, lol
For sure good for the buyers! Too bad pay day is NEXT week for me. Sigh.
Looks like Jack just resigned due to mental health reasons. Still not concerned about the future of Safemoon.
Papa is still around.
Projects are still being worked on.
Based on the phrasing of some statements, I'm positive that the new CTO is already in place.
Dip was caused by another massive whale sale yesterday. It's a good thing. Lots of reflections and lots of burn yesterday - over 234 billion tokens.
When we get the wagons moving again, the last thing we want is a stall out due to whales holding everything.
Yeah... it's been a busy day for Safemoon. For people that aren't aware or are looking for more info, here's a brief summary of what happened.
- Charles Karony, John's brother and executive assistant, was having a private conversation with some of the Safemoon moderators.
- Charles received information that Jack, Papa, and Hank had quit. He then released that information in the private conversation.
- One of the involved moderators then posted that information publicly.
- This information caused a panic that is ongoing. This is partially due to the fact that people keep taking FUD (which has already been countered) and spreading it without verifying any of the details. Fear spreads faster than rationale and logic.
- There are some people more interested in attacking the token, whom have taken the FUD and are pushing it hard on people. I think the angle they're using is something along the lines of "if this one thing is true, the rest of it must be true also!"
- Before anyone panics... Charles had posted that the information he had released was bad info. He corrected himself and said the only person that had left was Hank.
- John confirmed that Thomas isn't leaving. Thomas has confirmed that Thomas isn't leaving.
- A post was released by Safemoon acknowledging that Hank was no longer a part of the Safemoon team and thanked him for his contributions.
- Yes, there are rumors that Jack is taking a break. I haven't been able to confirm this anywhere. To be frank, and no disrespect intended to Jack, I don't really care enough about it to look into it.
- Between the three people that were mentioned in the bad information, the one that would likely hurt us the most by leaving is Papa. Safemoon was around before Jack. Supposedly Hank was asked to step aside so that someone more capable could take over as CTO to advance the company forward. But Papa is the heart of Safemoon. He's our crypto wizard. He was there "when the old magic was written." He's the one that's assembling our blockchain, which is going to be the foundation for everything that Safemoon does in the future. Papa isn't leaving. That's really the big takeaway from today. That's all I care about at the moment.
Just to cover this point again...
- Supposedly Hank was asked to step aside so that someone more capable could take over as CTO to advance the company forward. I know it doesn't instantly read as good news, and certainly it isn't for Hank... and no offense to Hank at all... but this is actually really good news. This demonstrates an awareness of where the company needs to improve and proactively taking strides forward to make it happen. I'm not blaming Hank for anything. I know others are trying to make him out to be the scapegoat and I'm not advocating that either. What I'm saying is... they've likely already found someone to replace him with more impressive capabilities.
Nice! Im doing that right now!
I'm just happy they give us the opportunity to get these updates. Communication between the company heads and it's shareholders is a huge reason why I would invest in any company.
Thank you for the tip!
Amen!
SAFEMOON SUNDAY RECAP – 9/5/21
*Podcast style between CEO John Karony and Global Head of Products Ryan Arriaga (@TheFudHound)
UPDATE
- Beta is being tested before relaunch. They’re trying to make sure they get it right. Even if there is a little bit of a delay. This is applicable to every product that they come out with. They’re big on direct user feedback. What they’re building, they’re building for the community. They’re adding things we like and removing stuff we hate. The product development team is working day and night.
- There are four different products that are being integrated together. These are the wallet, the web SWAP, the liquidity pool, and the in-app SWAP.
- Liquidity Pool – It’s not just a liquidity pool. We are a provider. This is a multi-chain liquidity pool. Right now it includes not just Safemoon, but Etherium and Binance as well. Not talking about the liquidity pool on Pancake Swap. This is their own liquidity pool. This is the next building block that ties all the products together, including the wallet and in-app swap. Safemoon doesn’t want to use Pancake Swap. They know they can do it better and they want to do it themselves.
*Personal note – don’t overlook the fact that they’re going to have their own liquidity pool. It will likely get buried under the excitement of the wallet, the exchange, etc., just like the buy button and SafeMoon SWAP fell under the radar because of the wallet. Having their own liquidity pool is HUGE. In simple terms, liquidity is the ability to sell more tokens and at faster rates without negatively impacting the price of the token. So for example last Safemoon Sunday they talked about Moby Dip and how it dropped the price by quite a bit… Moby Dip being the phrase they’re using for that whale that dumped everything simultaneously. The impact of that would be significantly lessened, if we see it at all, because the liquidity pool should have the available cash assets to cover it. Taken from cointelegraph – “The most obvious benefit of liquidity pools is that they ensure a near-continuous supply of liquidity for traders wanting to use decentralized exchanges. They also offer the opportunity to profit from cryptocurrency holdings by becoming a liquidity provider and earning transaction fees. Furthermore, many projects and protocols will offer additional incentives to liquidity providers to ensure that their token pools remain large, reducing the risk of slippage and creating a better trading experience. Therefore, there’s an opportunity to generate further gains from yield farming reward tokens in return for becoming a liquidity provider.”
- There will be more coins added to the SWAP in the future. They’re coding their platforms and planning for the long term so that integrating those future coins will be easier to do. Overall, even just beyond the SWAP, what they’re doing is building the foundation. And they need to build the foundation so that they can scale – adding bigger and better applications and enhancements.
- It’s a step by step process… first the token, then the ecosystem to be able to reach out to other ecosystems, then the liquidity pool. The liquidity pool then allows them to bring in more partners and adding other chains. Then the app, which sits on top of the liquidity pool, allowing for buys, sells and swaps. It might seem like everything is taking a while, but this is the right way to do it. This is how you grow and allow room for grow. There is a method to the madness.
- Accessibility, Quality and Security. New advanced encryption has been added. It outperforms a lot of the other options in the market.
- Web SWAP is complete. Liquidity pool is complete. They’re good to go.
- They’re now looking for more token partners and pairs. This will continue to grow the SafeMoon ecosystem. The transaction fees will allow the SafeMoon team to continue to build new and better products. All of this goes back to the holders.
As a reminder...
- There is a 0.25% transaction fee each time a SWAP takes place. This is not just on Safemoon tokens, but on any other token that Safemoon lists.
- Out of that 0.25%... 0.17% goes back into the liquidity pool, 0.05% is used to maintain the Safemoon ecosystem, and 0.03% goes into a buy back and burn. Meaning, 0.03% of every transaction fee goes into purchasing Safemoon tokens. Those tokens are then sent to a burn wallet. This will dramatically increase the burn rate.
- In other words, every time there is a purchase on Safemoon, regardless of token, that purchase will also be a purchase of Safemoon which will then get burned.
WHAT THE FUD?!
- One of the biggest items is that there was never any Wallet. Actually 50,000 people have it. It just needs to finish the re-beta and be re-launched. There is not a specific date. It will be real soon. It needs to be resubmitted through Google Play and Apple App Store. Google Play is much easier. That’s basically one of the reasons why Android is launched first.
- Key moments on the website, formerly known as the roadmap. There appears to be issues that it hasn’t been updated yet. It will happen soon. These key moments are launch goals. They’re working on what those goals are going to be based on the speed at which things are moving and it will be updated. They don’t want to set exact hard dates until something is ready to go. Failure to meet those dates lets people down. There are internal soft dates too that they need to meet. They will not keep us in the dark. They’re trying to be inclusive of the users in the development process. They’re trying to be transparent. Even though these may not be listed on the website, they’ve been discussed in prior Safemoon Sundays.
----- September - Upgrading to V2 of the Smart Contract (Token V2)
----- September - More bridges (WAX and EOS)
----- September - Will be taking token listing applications for different projects.
----- October - Launching Safemoon Exchange - 3,000 transactions simultaneously. And the number will keep going up.
----- November - Safemoon podcast launch
----- December - Safemoon blockchain launch
----- December - Full reveal of Operation Pheonix, and updates including the Gambia.
COMMUNITY QUESTIONS
- Again, no wallet re-launch date set in stone. In the future, everything will be rolled out in stages. Launches might even be on a surprise date.
- Question about how swap and liquidity pool interact with each other. Basically look up the differences between centralized and decentralized.
- Wasted question on whether or not SafeMoon has a burn system. I’m kinda stunned that was asked to be honest. That and the reflections are like the first things anyone learns about this token.
*Another personal note – I got asked this morning off board where I see the price going. I still see pennies. I still see dollars. It may not happen for a while. But it will get there eventually. This company is spending money. LOTS of money. They wouldn’t be hiring 50 programmers to work on their blockchain, in addition to other employees, as was posted a few Safemoon Sundays ago. They wouldn’t be spending money to build a global headquarters in Utah. You simply do not spend that kind of money if you don’t see this generating huge revenues and breaking the dollar threshold with your coin. Binance hasn’t built their own headquarters. Bitcoin has been using a leased office building and just created plans to build their own headquarters in Arlington, Virginia. That’s basically what you’re looking at. Maybe Safemoon will never be worth Bitcoin numbers. But IMO the company is going to be just as big and as impactful.
*Not a fan of this Twitter stream stuff and I didn’t see it on their Twitch site. Maybe it just hadn’t uploaded yet. Maybe this is a one off. My new source to watch this if Twitch is not available will be… any YouTube channel that records and posts it. This week was
Interesting video. I actually skipped the first half because... well... because math.
I feel this in my bones.
I was pretty darned excited myself. The excitement behind the Wallet got the price to go up. The disappointment over the delay caused it to go back down. As we get closer to Launch Date: The Sequel, the price will start to climb back up again.
Personally... I find the Buy button and Safemoon SWAP to be infinitely bigger deals than the Wallet. And yet both have been overshadowed by the Wallet. True... the Buy function and SWAP function are still needlessly complicated to use... but once the Safemoon Exchange comes online it won't be an issue anymore.
Stepping stones.
In the meantime, I've quadrupled the amount of tokens that I hold and will likely be throwing even more into it once I get paid in... 11 hours?
End of the year is going to be huge for us in terms of everything the team is working on. Next year promises to be spectacular.
- Up to 2.7 million Safemoon holders
- The entire infrastructure is being moved to a "better solution" to make sure the team can scale properly, provide improved security, etc. The website has already been migrated over.
- The Wallet is basically ready to go. DDOS attack did cause some issues on the Wallet platform that have since been addressed. Security upgrades appear to have been completed. Moderators are just doing some final testing on the Wallet and it's associated apps before they try to launch it again. Dates to be determined.
- The Wallet release will be staggered for precautionary reasons. It seems like the Android version will be released first, followed shortly after by the iOS version. There will be a Web version in the future as well but there are not any updates on that currently.
- Transaction fees on Safemoon SWAP have been recalculated/lowered. Transactions that were incurring fees at about $5 are now under $3.
As a reminder...
- There is a 0.25% transaction fee each time a SWAP takes place. This is not just on Safemoon tokens, but on any other token that Safemoon lists.
- Out of that 0.25%... 0.17% goes back into the liquidity pool, 0.05% is used to maintain the Safemoon ecosystem, and 0.03% goes into a buy back and burn. Meaning, 0.03$ of every transaction fee goes into purchasing Safemoon tokens. Those tokens are then sent to a burn wallet. This will dramatically increase the burn rate.
- In other words, every time there is a purchase on Safemoon, regardless of token, that purchase will also be a purchase of Safemoon which will then get burned.
I wonder if that answers the question about Binance... since the only two coins that are currently linked with SFM on the Safemoon site are Etherium (whom we are bridged with) and Binance...
There will be more linked soon. I just think it's another bread crumb on the trail to the Binance bridge.
The fact of the matter is Safemoon is constantly growing in popularity. It's breaking records left and right. Its social media presence is huge. As with anything that becomes popular, there have been quite a few people out there that have had it out for Safemoon since even before it was launched. Spreading FUD that has to be addressed on a regular basis, etc. For whatever reason.
If it was in fact a DDOS attack targeting the launch of the wallet, I believe it to be more of a pathetic grab for attention as opposed to an actual attempt to shut down Safemoon. I also believe that it was done in the past. I do not believe it was because of too many Safemooners trying to access the site at the same time.
If you want to watch them...
http://www.alertwildfire.org/
I like your style.
I was hoping that another one of my stocks would hit so that I could scoop up even more... but I'll be a rich man even at the levels I hold. It's gonna soar within the next two years.
Over a trillion and a half burned this month... not bad... gonna pick up some steam once the exchange goes live!
I don't agree that he's "douchey", no. I'll judge him on his actions, not his looks. Thus far he hasn't warranted anything to earn the derisive title.
If he makes me a millionaire, I don't care what he is! lol
Ahhhhhhhh!
My two cents for what it's worth - I would imagine they did that likely because they're further along with building the bridge than we know about. Etherium bridge is complete. Next up is Binance?
No worries, so long as everyone can take something from these biweekly sessions. It's very heartening to have a CEO and CFO that communicate on a fairly regular basis.
If I recall correctly... they've been following Binance for a few months now. I think it was like the 1st or 2nd account they started following. Only reason I even remember that is because they had to put out all these posts telling people to stop spamming Binance with messages about listing Safemoon, lol.
Or are you talking their individual accounts?
So just to clarify... youre saying that the liquidity pool was temporary stopped from accepting reflections and the burn wallet is still active?
Passes the time while we all wait to become billionaires. XD
SAFEMOON SUNDAY RECAP - 8/22/21
UPDATES
- 1,000,000 followers on Twitter
----- First crypto to be verified on Twitter
- 2,750,000 holders
- 420 trillion tokens burned
WHAT THE FUD
- 8/16 - Day of the Moby Dip - No longer have a very large whale.
- V2 is an upgrade of the Safemoon token contract with better security. Another audit will be performed on the new features. Will also improve the quality and accessibility. This should improve integrations.
- Safemoon has no affiliation with anyone unless expressly stated by the CEO or COO. This usually takes the form of a cool video. There are a lot of projects claiming to be affiliated and they're not real.
NEW NEWS
- 15 days into the wallet beta.
- There have been three updates, likely to be more. A lot of it was based on the feed back they received.
- All time high for website hits was roughly 5 million. During the open beta, there were 15 million unique IPs. Which is why the website crashed. Safemoon has tried to prep for the future user traffic on both the wallet and the website by scaling the back end.
- Looking for increased security and improved quality (building upon industry standards). There will continue to be audits.
SAFEMOON SWAP
- Safemoon SWAP - Send, Withdrawal And Purchase.
- When you buy Safemoon on 3rd party exchanges, those sites benefit from the transaction fees. Transaction fees that are incurred on Safemoon SWAP will go back to supporting the Safemoon ecosystem. This will be integrated into iOS, Android and the web.
- There is a 0.25% transaction fee each time a SWAP takes place. This is not just on Safemoon tokens, but on any other token that Safemoon lists.
- Out of that 0.25%... 0.17% goes back into the liquidity pool, 0.05% is used to maintain the Safemoon ecosystem, and 0.03% goes into a buy back and burn. Meaning, 0.03$ of every transaction fee goes into purchasing Safemoon tokens. Those tokens are then sent to a burn wallet. This will dramatically increase the burn rate.
- In other words, every time there is a purchase on Safemoon, regardless of token, that purchase will also be a purchase of Safemoon which will then get burned.
AMA
- The Safemoon Exchange is being released before the blockchain as a means of quality control. There are other pieces of tech that are being worked on. They're waiting for them to hit a certain point and that's going to interact with the blockchain.
- Safemoon is unable to control British weather.
- The Safemoon Card will be a reality. It will happen as soon as possible. It's just a matter of bringing it into compliance.
- Utah is one of the fastest growing tech areas in the US. They're not just looking for property. They want the Safemoon Global home. They're currently talking to architects about the building.
- Safemoon Coin will get it's own moment.
- Can't say anything about The Gambia until December due to NDAs.
- Quality. Safety. Accessibility.
WHAT'S NEXT?
- Next Safemoon Sunday will be Sept 5th and Sept 19th
- V2 will be launched and will get its own key moment. It is an upgrade with a focus on quality, safety, and accessibility.
Its just the date the wallet goes live.
To be clear... you will not be able to purchase SFM direct from Safemoon until October. The wallet is just a wallet. It holds tokens. Thats all.
Its a positive step forward but its not exactly a game changer.