Update to A Case for Safemoon Protocol
by Gideon Six
This update is in response to the most recent Safemoon Sunday on 8/22/2021. Click A Case for Safemoon Protocol for the original article.
Welcome back to Safemoon
The Safemoon Sunday video titled Wallet Launch 1 Week Away - V2 Update first aired on 8/22/2021 on twitch.tv soon after 8PM BST. So far the video has been viewed 50.2k times on twitch. The video was hosted by CEO John Karony and co-hosted by COO Jack Haines. The most significant issues discussed were the upcoming wallet launch and a feature in the wallet called S.W.A.P. which will have a huge impact on holders and the future of the project.
Safemoon Wallet
Nearly 15 million unique IP addresses attempted to download the Beta release in a span of 3 minutes. This led to more people being able to become testers. Instead of the originally planned 10k testers, 30k users have been testing the wallet(Android) and providing feedback to the team. An additional 10k users have been testing for the IOS version of the wallet.
So far there have been 3 updates to the wallet. Each update has been focused on improving the functionality and security of the wallet. Another focal point has been to simplify charts while allowing the user to add additional information as needed.
S.W.A.P.
If you do not know anything else about this wallet, let knowledge of this feature resonate continuously in your frontal cortex. S.W.A.P. stands for Send, Withdrawal, and Purchase. Every transaction in the wallet (sending, withdrawing, and purchasing) will incur a fee when used on Android, IOS, or web. This feature is applied to every token listed in the Safemoon wallet. This fee totals 0.25% and is broken down in the following ways:
Liquidity Pool: 0.17% of each transaction will be added to the Liquidity Pool.
SFM Ecosystem: 0.05% of each transaction will be used to maintain the SFM ecosystem (keep it running)
Buyback and Burn- 0.03% of each transaction will be used to purchase Safemoon and then immediately sent to the Burn Wallet. This feature will exponentially increase volume and as a by-product- exponentially increase the burn rate.
Additional Notes
- Mark your Calendars! August 16th, 2021 has been dubbed by @CptHodl as “The Day of the Moby Dip”. This is in reference to a large whale that had been dumping his wallet at a pace that most Hodlers did not appreciate.
- V2 Upgrades- Constant and ongoing security upgrades are being worked on for the upcoming Smart Contract Upgrade- Not dates given.
- Partnerships- only partnerships explicitly announced via the official Safemoon website should be considered real. There should also be a “cool video”
- SFM Partnership Formula
- Cool Video(CV) +Official Announcement (OA) = Real Partnership
- Twitter- The official Safemoon Twitter has reached 1 Million Followers!
Summary
There are many reasons to be excited about the future of this token. The Buyback and Burn portion the the S.W.A.P. feature was unexpected and will accelerate the success of this project. The wallet releases officially on August 28th, 2021 and can be downloaded only by visiting the official Safemoon website. If you have never invested in Crypto before or are a seasoned Cryptotologist, I would advise doing your own research(DYOR) now. The price of this token is in position to beat even the most lofty projections.
References
https://www.twitch.tv/videos/1126350799
https://www.publish0x.com/cryptonuances/a-case-for-safemoon-xjorqdz