- 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.
