Here's something you need to know about SafeMoon V2

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16 May 2022
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Tokens issued through the SafeMoon Protocol (SMP) are called DeFi tokens.

During each transaction, SafeMoon performs three tasks, as described on the SafeMoon website: reflection, LP acquisition, and burning respectively.

This system combines RFI tokenomics with an auto-liquidity-producing technology to create the SafeMoon protocol.

According to a report, SafeMoon intends to launch a non-fungible token (NFT) exchange, as well as charitable endeavors and crypto-educational applications, for the general public.

In the SafeMoon system, the more SAFEMOON token holders have, the more they will earn.

When compared to standard interest accounts, this may provide an APY of up to 80%, which is mind-blowing.

The coin-burning technique of the SafeMoon protocol makes it a deflationary digital currency that will increase in value over time.

An NFT marketplace and a currency launchpad will be added to the SafeMooon Protocol in the future, allowing users to generate their own tokens on the network.

By the end of 2021, the SafeMoon protocol plans to be listed on the most major exchanges, build a decentralized exchange (DEX), and expand its cooperation network due to its rising popularity.

There were 777 trillion SafeMoon tokens in circulation when SafeMoon was released on March 8, 2021, with a SafeMoon price of $0.0000000010.

As a result of the initial SafeMoon (SAFEMOON) project's demise, SafeMoon V2 was produced by its creators (SFM).

There were only a few hours until the creators of the original project charged all non-migration transactions at 100%.

The first and second SafeMoon initiatives are also under a lot of pressure.

Coffeeville, a popular YouTuber, said the initiative was a hoax based on considerable evidence.

SafeMoon's CEO received millions from the liquidity pool, according to his most recent inquiry.

The pricing performance of SafeMoon has likewise been unsatisfactory. The price of SFM has dropped by approximately 95% from its all-time high.

It is also unlikely that SafeMoon would make a large comeback because of its present image among investors.

To put it another way, the project is not safe, and it is not going to the moon.

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5 Comments

B
DudeManETH
Great breakdown. Yes thats a downfall in this world, you have good projects with great potential and others, which on paper, look great but in reality are used to take advantage of people.
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