So just a brief update here, now that SafeMoon has listed on its first exchange (Bitmart). It's been trading at a 40% premium on Bitmart relative to Pancakeswap all day... strangely consistent with my article's predictions of huge price differentials 🤔️
Of course, it doesn't take a genius to see that this is bound to happen to any token that has a 10% tax on transactions.
Also, it seems that SafeMoon wants to implement on exchange tokenomics? That will make it even worse!
Let's see how WhiteBit goes tomorrow :)
Two days ago, I wrote the article Learning Decentralized Finance by Example using SafeMoon, which included a screenshot of the SafeMoon liquidity pool then:
I told readers that the SafeMoon “Liquidity Injection”actively devalues the value of SafeMoon, handing that value over to the SafeMoon devs.
Now, some people didn’t believe…
There is a new token on BSC that’s been drawing a lot of interest. It’s called SAFEMOON, and it claims to introduce “a few added features that build on the existing models of static reward tokens to drive the price to stratospheric all time highs.” …
Everyone knew Al Capone was doing illegal things, but nobody was able to stop him… until the IRS.
To my knowledge Safemoon isn’t doing anything illegal; but they are taking 5% of every transaction and putting it into a dev-controlled wallet. This 5% is used to make the so-called “auto-LPs”…
Actually this hasn't aged yet at all yet. It seems you did not actually read the article. It specifically says that SafeMoon will be listed. The problems come after listing... has nothing to do w/ the actual listing itself.
Not the basis of my article at all --- nothing I wrote is based on an assumption "team bad, team evil, team stealing". It's all based on facts.
The basis of my article is that the SafeMoon tokenomics transfer ownership of the 5% "liquidity injection" half of the 10% transaction tax to the team.
This is undeniable.
If the team has good intentions, great! Then they should either burn or redistribute that 5% -- i.e., relinquish ownership of it entirely. Even locking it will not solve the problem---ownership is still transferred to them of a VERY large chunk of the transaction tax.
SafeMoon is a hot new cryptocurrency that has taken social media by storm, and introduced thousands of people to the world of Decentralized Finance (DeFi). In just a couple weeks, SafeMoon has amassed more than 140,000 holders. Since many of these holders are new to cryptocurrency, this article overs the…