SafeMoon (SFMUSD)

[MasterFeldan]

SAFEMOON SUNDAY RECAP - 10/31/2021

Presented by John Karony (CEO) and Ryan Arriaga (Global Head of Products)


V2 MIGRATION

- Easiest way to upgrade is through the V2 wallet.
- Be aware of scams. There are bots and scammers pretending to be Trust Wallet or Safemoon. Write down your 12 word seed phrase. Do not give it out to anyone. (I know we discussed this recently but there are all kinds of plays out there right now that are looking to take advantage of people that don't know any better. Be careful about those that are trying to spoof well known accounts.)
- The ONLY contract address is on the Safemoon wallet. Don't trust any contract address that is provided to you by someone else.
- Initially, the 10% Safemoon tax was still in play when people were upgrading to V2. If that happened to you, contact Safemoon through their website. They will not ask for your 12 or 24 word seed phrase.
- Left over dust will remain on the V1 chain. After a certain amount of time V1 will no longer be supported.With almost 3 million Safemoon holders all likely having some amount of dust, this could end up being a fairly good sized burn.
- Allows us to work with some of the e-commerce partners that are lined up.


WALLET UPDATE

- You can now import multiple wallets to your Safemoon wallet, as well as label them.
- Safemoon is now compatible with 12 or 24 word seed phrases.
- Connecting may take a while. It's probably best to wait for it to load. Don't exit out.
- Web Swap is live on the Safemoon website. You can swap for V2 tokens on there also by connecting your wallet.
- Charts were restructured and fixed.
- Trading view charts were added.
- Swaps are faster. Custom software had to be built on the back end.
- Wallet Connect is on the to do list, which allows Dapps.
- A feature will be added to cut connections after 30 minutes of no use.


BITMART

- John has been assisting BitMart with a solution to the hack of their 29 trillion Safemoon token wallet. Part of the solution will be BitMart will need to migrate to V2.


NEW EXCHANGES

- We're expecting two new exchanges. One exchange wanted to wait until the V2 launch but it probably won't happen until after the new year just due to the holiday season being as busy as it is. Safemoon is ready to go. The delay is on the exchange side of things.


RECAP OF 2021

- Probably did about 7 years of growth in scaling in about 9 months.


OPERATION PHEONIX

- Dark Moon employees working out of Area 32 are working on a bunch of projects.
- Wind turbines have kind of reached it's limit in terms of what it can do. At the end of the day, it's wind creating kinetic energy. To push it further requires nanotechnology. The Dark Moon team has been working hydrophilic and hydrophobic nanoparticles to increase the efficiency of the wind turbines. This is the first implementation into the macro IoT that Safemoon will be doing and the data they receive will allow them to further innovations in other industries. (Remember... Safemoon is a TECH company. Crypto is just one of the things they do.)
- Developing a true web3 telecommunications network that outperforms what is currently available right now. It will be tied into the Safemoon blockchain. It is a decentralized internet. The hardware aspect is done. They're just working on the blockchain application.
- Blockchain is being built and will be a smarter chain than Binance.
- Blockchain is only one step of everything. Applying everything else to the blockchain is where you get real innovation in the macro IoT infrastructure.
- Operation Pheonix will get it's own moment "later on this month".


PLANS FOR 2022

- Operation Pheonix is a big piece of 2022. Getting wind turbines, nanotechnology and the web3 network either installation beginning or installation complete.
- The Safemoon exchange
- Developing encryption
- Safemoon Connect will be unveiled
- Working on Safemoon rewards smart contract system
- NFTs.
- E-Commerce. V2 was critical for this.
- New partnerships for the ecosystem.


Thank you to SafeMoon for uploading this video and Hummingbird2 for posting it on the board!