Safe moon website crypto
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Content:
- Where to Buy SafeMoon? – Beginner’s Guide
- SafeMoon price prediction 2021: Can the cryptocurrency reach $1?
- Should you buy Dogecoin right now? A look at what’s ahead
- How To Buy Safemoon Protocol? Is The Newly Launched Safemoon The Next Big Cryptocurrency?
- PooCoin and SafeMoon warning: Investors told to avoid new cryptocurrencies
- SafeMoon Has Surged 2,900% In April Alone
- SafeMoon & HUH Token: Four Tips for Investing in Cryptocurrencies in 2022
- Legit or Scam? SafeMoon Facts and Due Diligence
- SAFEMOON INU
Where to Buy SafeMoon? – Beginner’s Guide
Where is the middle ground? Where is the due diligence? The first thing I like to do is poke around on the website to get the overall concept before diving into the whitepaper. When it does it is a very simple WordPress website. Some points such as Community Owned and about the passive income, then some stats, a roadmap, and some news and logos. There isn't much to judge yet but one thing completely lacking is who is behind this.
There is no dev team or leadership listed. It proceeds to tell how they are setup to address this. Most of the whitepaper is descriptive, almost narrative, rather than technical. Seriously, read the Whitepaper instead of my blog post. Not to mention the large and double spaced font. I even grabbed a copy of the SafeMoon whitepaper and hosted on my site since you can't access it on theirs when the site goes down. Some of the other text mostly sets the scene and talks about how the coin is designed to make money for the holders and prevent dips when a whale sells:.
The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game. One page discusses burning tokens and has a large graph to show the correlation between supply and price: of course with the price going up as the supply goes down. This is a basic principle of Supply and Demand but it is only one aspect. This assumes demand. If there is no demand then the price will not rise. There is still no hint to who is behind this project.
No names listed - leadership, dev team, companies - none. Normally Whitepapers can be a bit tedious to get through. This was light reading. This whitepaper was lighter reading than most litepapers. No mention of what kind of token or the tech behind any of it. Neither is security.
The next thing I like to do is check out the team. The first employee result I clicked on when searching on LinkedIn was Henry Wyatt who is listed as the director of software development.
His experience lists a 4 month engineering internship and then the CEO of a video game company for 4 years. Searching the name of the video game company yields no related results except his linked in profile. Another employee looks to be the Project Lead Developer as well as holding two other positions concurrently. So there are only 4 employees according to LInked In and it is unclear if this is their primary project.
Also I thought it strange the company's linkedin profile shows a different website, safemoon. I myself am a web developer and indie game developer and I have plenty of things I started but never finished or never seem to update the website promptly. Thus proper due diligence requires stricter scrutiny. I'd like to see a track record of success - some finished products - not blank websites.
Next thing I like to do is check out the community. Part of it is about the community itself, but the other part is to see what the project is up to - new development, new partnerships, etc - and the community is a really good place to get the news and find links.
I checked out their socials but reddit is the main spot to find community involvement. Discord too but I decided Reddit was enough this time. So to the community the developers do not feel anonymous at all. On the anonymous note - one AMA it was stated that some developers had already received death threats. Therefore some wish to remain anonymous. That is a valid enough reason for me to stay anonymous. It reminds me of threats against video game developers when players don't like the game.
Simply sickening. There were a few questions I had rolling around in my head that were asked in one AMA. I assume it was a video or audio AMA. From this I get the feeling that it is less likely a scam but more likely a less thought-through plan. Of course on Reddit you also had plenty of memes and shitposts. Past the AMAs I didn't find much of value.
The project does not yet provide any real economic added value. Therefore, at the moment, the course is primarily driven by the community and the attention the project is receiving in the crypto space.
They highly upvoted the reddit post! Not sure if people aren't reading the article - it is in German but Google translated it for me easy enough - or if they are glossing over that part.
The community is filled with investors that want to hype it up out of self-interest, as they probably have all bought in already. Basically, making the investors money as any company would do. So as we said before, unless there are new developments that bring utility, the value will only last as long as the hype. But that is nothing new in crypto and assuming it will happen is not an investment but a gamble.
Therefore I'd say stay away if you are looking long term. There are plenty of other cryptos worth investing your money in. Unless you want to gamble on the hype continuing - can you say Doge - or the developers making an huge update that provides utility. But you could say this about any coin. Some say it is burned. Some say it goes to a liquidity pool.
To the Devs: I wish you well. I started this piece simply as due dilligence but I'm sure it came across very negative. As a fellow dev I also enjoy just starting projects and figuring them out as I go. So I hope you figure out the utility aspect with NFTs or whatever and can keep the project going. I had no intent of writing this to bash you.
Just calling out any red flags I can find. To the community: please don't death threat me. Seriously, same as above, this isn't a bashing article but I know you are all hyped up on SafeMoon ready to crush any opposition to it. Of course all the places I looked - website, whitepaper, community - are all going to be pro-SafeMoon; they are optimisitc sources. When doing due dilligence you have to consider the source and look for holes in the logic.
I'm simply just calling out red flags here. I don't have any ads or gain anything from traffic to my blog so I thought I'd throw my referral links at the end of my crypto blog posts. Instead of a comment section on the blog, I invite you to bring the comments to your social media of choice! Legit or Scam? SafeMoon Facts and Due Diligence. Lou Bagel March 21, When it comes to SafeMoon I keep seeing people ask: is it legit? Fundamentals Website The first thing I like to do is poke around on the website to get the overall concept before diving into the whitepaper.
Website Conclusion There isn't much to judge yet but one thing completely lacking is who is behind this. Image from SafeMoon Whitepaper Some of the other text mostly sets the scene and talks about how the coin is designed to make money for the holders and prevent dips when a whale sells: The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game — SafeMoon Whitepaper link To me, this seems strange to be a focus for creating the coin.
With this coin not providing utility there is a big question of will there be any demand. Whitepaper Conclusion Two key aspects I see missing from this paper: The team The technicals There is still no hint to who is behind this project.
Team The next thing I like to do is check out the team. Community Next thing I like to do is check out the community. Let me also call out explicitly: This is absolutely uncalled for and disgusting behavior.
It's also sad that has to be said. Back to the analysis though. Classic Reddit Shitpost Of course on Reddit you also had plenty of memes and shitposts. It seemed the community was built all on hype. Not much value to be found. It's a well known news-site in Germany about crypto! Astronauts, get ready for attention! Community Conclusion Seems to be total hype. But do you make a company just to make investors money? The company has to do something.
SafeMoon price prediction 2021: Can the cryptocurrency reach $1?
We explain what you need to know about SafeMoon and how its price is predicted to change in But first, a word of warning: buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business. Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money. Cryptocurrencies and decentralised finance tokens are also highly volatile, so your cash can go down as well as up in the blink of an eye. Not a huge amount is known about SafeMoon meaning the risk to your investment may be even higher. DeFi stands for decentralised finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank.
Should you buy Dogecoin right now? A look at what’s ahead
We have not received any updates at all. DeLong says he has reached out to the exchange multiple times, and each time, he's received a canned response from a bot to inform him that BitMart and their attorneys are "working on it. In early December, BitMart wrote in an official statement that it would use its own money to reimburse victims of the large-scale security breach, which the exchange blamed on a stolen private key. CNBC spoke to multiple BitMart users who were targets of the attack, some of whom face total financial ruin if their funds aren't retrieved. Many of the victims lost a particular token known as safemoon, which is a cryptocurrency token built on the Binance Smart Chain blockchain. The coin saw a massive run-up in the second quarter of after a slew of celebrity endorsements from the likes of rapper Lil Yachty and YouTuber Jake Paul. CNBC reached out to ask whether BitMart still planned to make good on its promise to reimburse victims. A spokesperson replied, "We will support all user withdrawals.
How To Buy Safemoon Protocol? Is The Newly Launched Safemoon The Next Big Cryptocurrency?
Its rapid development trend is also very surprising. The crazy FOMO mood has completely inspired people to chase after safemoon, and a group of believers has continued their love for SafeMoon from online to offline just like the pursuit of Dogecoin back then, and their enthusiasm has even spread to the Chinese Internet. A growing number of people believe it to be a X coin. So why did safemoon go viral? Safemoon utilizes the PoA consensus mechanism, and its block creators, also known as validators, are pre-selected by Binance to ensure project centralization.
PooCoin and SafeMoon warning: Investors told to avoid new cryptocurrencies
Call us: While TD Ameritrade doesn't offer trading in individual cryptocurrencies, we do provide numerous ways to get exposure to the cryptocurrency market — no crypto wallet required. Virtual currencies, including bitcoin, experience significant price volatility. Fluctuations in the underlying virtual currency's value between the time you place a trade for a virtual currency futures contract and the time you attempt to liquidate it will affect the value of your futures contract and the potential profit and losses related to it. Investors must be very cautious and monitor any investment that they make. Carefully consider the investment objectives, risks, charges and expenses before investing.
SafeMoon Has Surged 2,900% In April Alone
Where is the middle ground? Where is the due diligence? The first thing I like to do is poke around on the website to get the overall concept before diving into the whitepaper. When it does it is a very simple WordPress website. Some points such as Community Owned and about the passive income, then some stats, a roadmap, and some news and logos. There isn't much to judge yet but one thing completely lacking is who is behind this. There is no dev team or leadership listed. It proceeds to tell how they are setup to address this.
SafeMoon & HUH Token: Four Tips for Investing in Cryptocurrencies in 2022
This article is a Brand Press post. To promote your brand via Brand Press, please email business techpoint. The release of HUH Token took the cryptocurrency industry by storm when it was released early this month.
Legit or Scam? SafeMoon Facts and Due Diligence
RELATED VIDEO: BINANCE IS BUYING SAFEMOON?! Mandala Exchange Using Binance Services!We have suspended all trading on SafeMoon Jr to protect our investors. Please do not purchase Safemoon Jr until we announce the launch of V2. All of our previous investors will be airdropped V2 upon launch. We apologize for this inconvenience. The Safemoon Airdrop Protocol, aka Safemoon Jr, has a single objective: to deploy Safemoon airdrops to as many people in as many ways as possible.
SAFEMOON INU
Company Filings. After the investors make an investment, typically using a digital asset such as Bitcoin, the fraudsters in some cases stop communicating with the investors altogether. These fraudsters can quickly send your money overseas, with little chance of you being able to get it back. This is an example of an advance fee fraud scam , where investors are asked to pay a bogus fee in advance of receiving proceeds, money, stock, or warrants. Before making any investment, carefully read any materials you are given and verify the truth of every statement you are told about the investment. Investigate the individuals and firms offering the investment, and check out their backgrounds on Investor.
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Just a great idea visited you