It is only 8 pages with 3 of the pages being only images/diagrams and all the pages except one have half Seriously, read the Whitepaper instead of my blog If you don’t believe me I encourage you to read it yourself. The other 5% goes to the liquidity pool - I believe held on DxSale or Pancake Swap.
5% of that gets distributed to the current SafeMoon holders.When someone sells SafeMoon they are penalized 10%.The only solid piece of info I get from the entire whitepaper is this: Most of the whitepaper is descriptive, almost narrative, rather than technical. It proceeds to tell how they are setup to address this. Starts with describing perceived opportunity in the current staking/farming/liquidity-pool So let’s head to the whitepaper! WhitePaper There is no dev team or leadership listed. There isn't much to judge yet but one thing completely lacking is who is behind this. Passive income, then some stats, a roadmap, and some news and logos. Some points such as Community Owned and about the When it does load, the website really doesn’t tell too much. Of course, don’t judge a book by its cover, as we care more about the effort the developers spend on the project Pretty big red flag off the jump - their website doesn’t even load half of the time. The first thing I like to do is poke around on the website to get the overall concept before diving into the Middle ground? Where is the due diligence? Beyond the basic overview I haven’t heard many facts about the You find people either saying “it is going to the moon” or it is a scam and a ponzi scheme. When doing a search, after the usual suspects such as Fully expect to lose every single dollar you put into it I feel like that disclaimer is much needed.When it comes to SafeMoon I keep seeing people ask:
YouTuber Xpod78 in a buying guide said: "This is so incredibly risky, this is like the top bar of risk you can get. One reddit user said: "I completely agree that once they get listed on an exchange this could easily blow up." Some cryptocurrency enthusiasts are excited about the coin, whilst some are skeptical. Confirm the transaction on your wallet and hold!" Before you swap please ensure you click the gear icon and set slippage to 11%. "Withdraw BNB to your wallet address and be sure to select the BSC Network (BEP20). SafeMoon states: "Set up your wallet to work on the Binance Chain Network. For SafeMoon, either Trust or Metamask are the two wallets the organization says should be used. To buy SafeMoon, cryptocurrency users have to buy a Binance Coin (BNB) first, and then essentially swap it for SafeMoon.įirst, users must set up a crypto wallet in which their coins can be kept. The organization said website issues may occur due to "unexpected" demand. The SafeMoon website appeared to be down at the time Newsweek tried to load it. One Reddit user claimed a whitepaper-a report that highlights the features of a product such as a cryptocurrency-is available on the website, but others said they had trouble accessing it. The mechanism by which SafeMoon rewards participants involves issuing a 10 percent penalty tax fee on sellers and redistributing five percent of this to people who already own the currency.
Going "to the moon" is a phrase popularized in recent times by the WallStreetBets community on Reddit, who use it in reference to an asset price soaring. Its Facebook page states: "Remember, getting to the moon takes time and the longer you hold the more tokens you pick up."
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