- Jun 5
- 4 min read

SafeMoon Lowdown (June 5th, 2022)

Swap & Evolve: Manual Trigger | SafeMoon Labs | SafeMoon Trends Team

SafeMoon Branding | Crypto News | Partner News | SafeMoon Stats | Reminders

Swap & Evolve

"Swap and Evolve has purchased 25,278,404 #SafeMoon worth $19,696."

Manual Trigger

Danology asked a question we are sure many are wondering: "Can someone explain to me why #SWaPandEvolve is triggered manually? Could we not make this process automatic?"

Joseph Man shared Galan's answer to this question, which is: "Whenever a transaction is involved that is initiated from an asset that we do not have admin rights for, the transaction will need to be approved."

SafeMoon Labs

Stablecoins

Listen to Gandalf's SafeMoon Labs episode on Stablecoins or read the accompanying article, which covers what stablecoins are, why we need them, the different kinds of stablecoins and the advantages and disadvantages!

Bull and Bear Markets

If you missed the SafeMoon Labs recording and associated article for Bull and Bear Markets, you can check it out here!! He covers what the terms mean, where they derive from, and what causes markets to change.

"Bear markers can still be fun!"

SafeMoon Trends Team

SafeMoon community member Vico reminded everyone recently that, "#safemoonarmy if you're interested in getting more involved with @safemoon from a Marketing perspective check out the Trends Discord server. Applications are temporarily paused but will soon be up again. @Veno_SafeMoon"

Veno added, "We're moving into Phase II of trends operations. Applications will re-open after it begins."

SafeMoon Branding

"#SafeMoon CM has shared these graphics on Discord."

Crypto News

Crypto Legislation To Be Introduced (USA)

@SmallCapScientist shared an interested Twitter thread about upcoming legislation. Check it out below!

"Senator Cynthia Lummis (R) from Wyoming is introducing legislation on Tuesday to integrate cryptos into the financial system. Sounds bullish, right?"

"We’ve been teasing it for months, but the time is almost here – a proposal to fully integrate digital assets into our financial system. Excited to finally unveil this effort next week. Stay tuned 👀 👀 👀"

"Recently @Heritage Foundation hosted a panel with everyone who worked on or influenced the legislation. The biggest issue with regulation currently is US leaders don't understand crypto. This video with 6k views was the best time investment of my week."

"It was a wide ranging discussion featuring @tedcruz , @saylor , @CaitlinLong_ , @KevinRobertsTX and @profstonge and covered many topics beyond legislation. Link to watch in its entirety:"

"It hits home nearly all of the largest outstanding questions across our industry. The issue is, every person on this panel HEAVILY favors $BTC. It's legislation being written and introduced by a group of $BTC maxis. Horrendous for other L1's..."

“It is a very comprehensive bill, it will be filed on June 7th. It includes coins that are commodities, coins that are securities, it includes stablecoins, it includes a discussion about CBDCs, consistent with what we heard earlier and a small nod to NFTs.”

To read the FULL thread, click the Twitter icon below!

Bored Ape Yacht Club Discord Servers Hacked

Bored Ape Yacht Club Tweeted, "Our Discord servers were briefly exploited today. The team caught and addressed it quickly. About 200 ETH worth of NFTs appear to have been impacted. We are still investigating, but if you were impacted, email us at [email protected]."

They added, "As a reminder, we do not offer surprise mints or giveaways."

Check out Fortune.com's article here to learn more about what happened to the Discord Community! Note: OpenSea's Discord was also recently affected.

Web3 is crucial for data sovereignty in the metaverse

"Wandering around the metaverse is like being in a computer game, but soon, it will look exactly like real life. Unlike some dystopian visions of the metaverse, I don’t think we will give up on reality and stop participating in the physical world. On the other hand, advancements in artificial intelligence content generation will likely lead to a photo-realistic metaverse featuring exact replicas of ourselves and propel us toward a hyper-reality that combines our real-world and digital lives.

Everything we do today on the internet will happen in the metaverse, just with a more engaging visual interface. The virtual content we interact with today is low-resolution and cartoonish, which makes sense because making realistic content is expensive, and gaming makes up the majority of what is currently available in the metaverse. On the other hand, the physical world around us is vivid and rich with high-definition personalized content experiences that run 24/7 — also known as reality.

As technology advances, photo-realistic content in the metaverse will become indistinguishable from physical reality. The driving force behind this change will be powerful AI content generation algorithms that use real-world data to perfectly recreate versions of ourselves inside digital environments. The question is, as the real world extends into virtual space: How will you stop bad actors from controlling the photo-realistic virtual version of yourself?" - Coin Telegraph

To read the full article about how Web3 will affect data and identity security, click here!!