Table of contents
[Timestamp 00:04:54 - 00:06:11]
Cats: Good evening, everyone! How are we all doing? I’m going to do my final checks to make sure the stream is live and then we will get on with the show. How are we all doing, Gandalf? Is he with us? Gandalf’s not with us. Wait until we have a thumbs up live on stream and then we will get going. If you are able to check for me, give me a thumbs up. Let’s see.. We appear to be live, so we’ll start the show.
[Timestamp 00:06:06 - 00:06:55]
Cats: Hello, everyone! I’m your host, Cats. Today, I’m joined by fellow educator, Gandalf. We’d like to welcome you to MoonCast, a SafeMoon educational podcast. I’d like to make everyone aware that this is an educational podcast where we are able to answer the questions of the community. We do not look to make any announcements during this cast unless previously advertised. We are looking to bring education to the front of the SafeMoon Army. Please understand everything you hear today is used as educational content only and not treated as financial advice. You must always look to complete your own due diligence before making any financial decisions. So, without further ado, how are we doing?
[Timestamp 00:06:55 - 00:08:48]
Gandalf: Hey, buddy! I'm good. How are you?
Cats: It's been a cooler weak. Hectic—I’ve seen so many words, I want to delete the dictionary. Making everything everyone proof has not been the easiest thing to do. If it is that a community member doesn’t understand the content that we create, we have to go back to the drawing board. If it’s not everyone proof at this point, I’d be surprised. Standard show today, which will cover the week and answer any questions the community has.
I want to make sure everyone is aware that everything on the show is recorded and displayed in the Lowdown by Momo and Pulse. My hats off to them with what they do in providing daily content for you guys. We'll cover the week. If there’s anything you’ve missed during the week, hopefully, we’ll cover it today.
7 Rules of SafeMoon
Cats: Without further ado, I’d like to start with the seven rules of SafeMoon. It’s always a good way to start.
Rules of SafeMoon or Rules of Life:
Smile. It always works out in the end.
Be kind. You have the power to make people feel good.
Don't give up. If it doesn't work the first time, find another way.
Don't compare. Everyone's on a different journey.
Avoid negativity, avoid negative thoughts, situations, and people.
Make peace with your past. Focus on being present and creating a better future.
Take care of your body and mind. One struggles to survive without the other.
Gandalf: Especially that last one. That last one hits me quite recently.. So, those are the seven rules of SafeMoon. They also apply to life. So, definitely look to follow those. Let’s jump into the news in no particular order. This is just what was covered last week.
Last Week’s Show
Cats: Last week, we were joined by Grove and Pawthereum. Grove provided a great update, explaining where they were at last week and Pawthereum did a $10,000 giveaway.
Gandalf: No, I haven’t seen the post.
Cats: That's ok. Hopefully, they can get on them on their Pawthereum Podcast and have a conversation if they do become public. That was a lot of money and congratulations to that individual.
Podcast Episode 2
Cats: We had an update on the SafeMoon podcast. Recording has been completed for episode two. Currently, it’s in the editing suite with Sketch. The aim is to make it go live this week. We’re going to capitalize the word, “aim.” It depends on editing. Once it’s ready and approved, it will be [published.] You might think it’s only a 35-50 minute podcast but these sessions could run 2-3 hours which will require editing. I know that people enjoyed the last one. There were definitely some surprises that came out of the last one. Hopefully, we’ll see that this week. Let’s move over to SafeMoon Partners.
Cats: Glow Token launched their NFT platform. Shibnobi launched their NFT collection called Ganja Goons. So, Congratulations to them both! Go and check those out if you’re an NFT person. Perhaps an even bigger congratulations to GroveToken who has moved up from Comet Partner to Moon Partner tier. We aren’t able to share anything about the tiers due to non-disclosure, so we won’t be disclosing that information at this time. The higher level of tier is a bigger level of business integration with each other. That‘s the best way to describe it for you guys. Grove’s CEO, John Ghemrawi will be attending the Istanbul Crypto Expo. If you are going or live in Istanbul, consider going and meeting the CEO of GroveToken.
I’d like to read a quote from SafeMoon Knight. “For those of you who are DMing SafeMoon Knight and asking him to ask the community to stop talking about GroveToken or any of the SafeMoon Partners, you are missing the point to SafeMoon’s ecosystem. When a partner succeeds, SafeMoon succeeds." A rising tide raises all ships. We are family. We are SafeMoon. Stay vigilant.” He’s right. We’re all on the same journey together. Success is shared across the board.
Cats: Hydra, who covers daily stats for the SafeMoon Swap, reported that we’ve reached a milestone of $390,000,000 USD in volume over the last 170 days. That’s roughly 1.7 million dollars per day with, essentially, 15 partners. Just to provide some perspective, Pancake Swap, in its first 170 days, did around 30 billion dollars in volume. That is a lot more. But we have 15 partners. They have unlimited partners. How many partners are on BSC right now? 5,000-8,000 tokens? They aren't partners.
Gandalf: There's no onboarding. You have to filter a lot of things. Not to speak ill of anyone—There are a lot of tokens that don’t at all establish themselves with trading value but just create themselves on the trading platform and stay there without any value. That is also included in this number.
Cats: You've got all these rug pulls that are associated with it. You’ve got all these meme coins coming out of the blue. Their volume isn’t a healthy volume. For us to only have 15 partners vs 7 to 300 million vs 30 billion– If we had 7,000 solid partners, what would our volume be? A couple of hundred billion or more? That’s just hypothetical but huge milestones for the Swap and Partners. It’s a great time for this ecosystem to grow and develop further. A community member stated, “Five years ago, the entire Binance team consisted of only twenty-five people. Amazing what five years can do. Growth and success takes time and patience is key.” We’re in a growth period, not just for SafeMoon, but crypto as a whole. It’s a great place to be to slowly start developing yourself and the ecosystem.
Careers: Solidity Dev
Cats: In order to develop the ecosystem, SafeMoon is hiring a solidity developer. If you are a dev and consider yourself a person for the job, head over to safemoon.com/careers and apply for the solidity dev position. We’re looking to expand the team. I can't express how fast SafeMoon is growing, and not just the speed in which they are growing. Also, the structure behind the scenes—To have this level of structure is huge. There are so many internal policies that have been written that you wouldn’t expect from [many startups.] SafeMoon has a great structure compared to some of the bigger companies I’ve worked for. It’s phenomenal where they are going and how far they can take it.
SFM Labs: ICOs
Cats: Last week, Gandalf did a SafeMoon Labs for ICOs which is now live. If you want to understand ICOs and what they are, especially in cryptocurrency, you can now watch that Lab on the SafeMoon Education YouTube channel. What do we have this week?
Gandalf: This week, I’ll be talking about whales. I’ll be explaining their advantages and disadvantages. Many think that whales are malicious but they are also good in certain ways when there are certain behaviors. This will happen tomorrow at 2PM EST, 7PM GMT, 8PM CEST on my Twitter space.
Cats: I know that SafeMoon loves the whales over the last 12 months who have been nice and have helped stabilize in periods where they could have completely off-ramped and ran. There are healthy whales, bad whales and all of that. So, if you want to learn more about, tune into the SafeMoon Labs tomorrow. If you can’t tune in live, you can listen to it on the YouTube channel this Friday.
Cats: The SafeMoon Gaming Discord server has run over 2 or 3 community events in the last week. They have been getting involved more with the community and running more events. If you’re a gamer and want to get more involved, jump onto the SafeMoon Discord and just play in some community events. The last few have been a lot of fun! So, please do have a relaxing time and come hang out with us in the gaming community.
SafeMoon Wallet Security
Cats: Here's the big bulk [of the news]. John was very active this week and I’m going to assume that some missed what he said, so I’m going to read a quote from our CEO, John Karony.
John: “After we finish up integration of our security upgrade, I can say that our wallet will be one of the most secure wallets out there. Team is working diligently to finish up the integration. One of the major hurdles was balancing the accessibility aspect of it.
We actually were about to release the upgrade, but paused on doing the release to add some additional items in (couple week push). This is why we won't release dates, because we need the flexibility to call an audible if it is needed.”
Cats: We’re close. The upgrade is going through some final implementations of getting it all tied up together as a package. Then there’s a testing phase to make sure everything is as secure as it can be and that there’s no holes or anything like that and we’ll be ready to go. The big takeaway is that the wallet will be the most secure out there. I want to say that it is the most secure wallet out there. Technology changes and grows quickly so we’ll have to wait and see. I can’t wait! Some of the brains behind it—Lynn and Robert are wired so differently. One of the articles for the SafeMoon Security Awareness was on security questions and our developers agreed that best practices are sometimes simple but not always a common practice among the majority. An example might be using an alternative answer to the question, “What is your dog’s name” and replacing that answer with a different value to reduce the risks of bad actors obtaining what would have been your security question by traditional tactics often used in social engineering. We explored having a set of words, perhaps 5-7 words, and use those groups of answers for security question fields. If you want to read that article, head over to the SafeMoon Education Security Tips Page. It’s something that is so simple, why doesn’t everyone do it? That’s it for security. Next, we’ll talk about SafeMoon Connect.
Cats: SafeMoon Connect is still in development but they are looking to do a name change on this product. If you have any thoughts about what [name] SafeMoon Connect could be, leave your thoughts and suggestions to any of the mods or team members and we will get those thoughts and suggestions where they need to go.
Products and Development
Cats: Products are very much being released and underway. We are working to release more information while also protecting intellectual property and confidentiality. We’d like to tell you more about it but there is also the protection of intellectual property. As much as we’d love to discuss all those details—Hopefully, we can find a way to express and explain more of the products without giving away too much and protect the IP side of things. Mods are also involved in the development process, so they do indeed see more than most folks. One of the current priorities is working out a system to release more information to protect IP and trade secrets. That’s just adding on that the moderation team is being utilized to help [test closed beta products and software] before going to launch. Larger scale—QA team beyond the standard QA team that SafeMoon has.
Cats: John basically said that the SafeMoon NFTs are done. They are being rendered however, before they release them, there is a wallet feature that is needed along with another product. The release is to be decided, based on everything needed to get launched. As far as the NFTs, they are pretty much done. So, that’s pretty exciting.
Cats: The final thing John commented on, which I didn’t expect was Play to Earn. He basically said that the play-to-earn formula hasn’t been cracked and I would, kind of, say that’s true. There is more functionality behind the play-to-earn system. I’ll be excited to see how far P2E will be been taken in crypto, SafeMoon and also Web 3 in general. There are so many things coming up on a daily basis that I don't think that will ever settle on a direct route of how P2E will [grow]. I know that they've learned a lot during their time with MoonCraft. John covered a lot of the main points that people are asking in terms of products and timelines. I’m sure people will be really pleased and excited to have hands on products and services that SafeMoon is working towards offering. It’s coming. Let’s move over to discussing the SafeMoon community.
Cats: Yesterday, the SafeMoon moderator team did their fourth Twitter space under SafeMoon Sanctuary. This was another great space among the rest of the Twitter spaces out there. This one is run by the moderation team which has a bit more insight into some of things that go on, which may help with perspective on some of the questions and answers. Again, all protected by NDA and provides some of the more direct answers to questions by our moderators. Definitely go give that SafeMoon Twitter account a follow. It’s @SFMSanctuary. Tune in every Saturday around this time and you’ll be able to listen in and if you’ve got any questions, you can ask the moderation team directly, live on Twitter this Saturday.
Cats: The moderation team is growing on the Reddit side. If you’re interested in becoming a moderator, the Reddit mod team has a few spaces for applicants. If you wish to become a Reddit moderator, you can head over to the SafeMoon Reddit. There’s an application and form that you can fill out. I know that Reddit is one of the most difficult platforms to moderate. So, definitely go and help those guys out. The more hands the better and it will make it a bit easier for the current moderation team with more hands to divulge the information that’s going on there. So, go and check it out if you want to become a Reddit moderator.
UK SafeMoon Meetup
Cats: A UK meetup for the SafeMoon community consisting of around 15-20 people and it’s nice to see this as well as those meets in the prior months. It was nice to see people this side of the pond [come to together and engage]. From what I’ve seen, it was good fun and hopefully, we can make it to one of the next ones, Gandalf.
Gandalf: I would love to be there, definitely.
Cats: Though, we can’t drink because we can’t spill secrets.
Gandalf: Yeah, I’ve noticed that.
Cats: I think we’ve covered everything, to be fair.. Oh, the last thing we have is an exchange listing.
New Exchange Listing
Cats: SafeMoon has listed on an additional exchange. SafeMoon listed on LAToken Exchange. I don’t have too much information on them. Just to give you some perspective on their size, they have an average daily volume of 200-300 million dollars. They are quite a large exchange but they focus more on the obscure and often newer or developing tokens. They have a different target audience and it's working out for them and they are doing phenomenal with 200-300 million in daily volume. Again, it’s about expanding the reach to people who do not know who SafeMoon is and continuing to grow the SafeMoon ecosystem. I think we’ve covered it all.
Cats: The majority was making the points about what John said with everything that went on. There’s a lot of information that went through it. These are exciting times. We don’t want to sit here and repeatedly say, “It’s coming” because it hurts when people offer want the answer. It’s hard. All I can say is, those products and services are coming. The team is working incredibly hard. The infrastructure behind the scenes is phenomenal and “it’s coming.”
Gandalf: Maybe to say in addition to that, people don’t see it now and can’t grasp it. The people will know that the time they are waiting now is worth it. I cannot see anybody not be happy with that. It will be astronomically good.
Cats: Oh, it's going to be huge. Once they finally see the reason why it took so long—it's going to be worth the wait. And especially when the CEO can say it’s going to be one of the most secure wallets out there. I would like to counter that and say that it’s going to be the strongest, in terms of secure wallets out there. To have that under the belt and be able to confidently say that is just huge. The words that John used are Bye-bye, 12-word seedphrases. That is the whole point when you look at security on a wallet. You can apply all the security features under the sun to a wallet. You can apply blockages on everything but if you lose your seedphrase or someone has access to your wallet via the seedphrase, that wallet security means nothing. We will leave it at that. It’s exciting times and I can’t wait to finally press the green button and for it all to go live.
Gandalf: You’ve been waiting a long time on that.
Cats: I was up until 3am last night while in a Twitter space, still creating some of the content.. I want to make sure it’s everyone proof as possible. John mentioned the focus on accessibility, which leads into some of the UI design and how it all works. If the UI is done correctly, there is theoretically no need for my education on products on this. That’s from the simple point. There are people in the community that want to dive deeper and try to understand why and how it’s as secure as we say it is. There’s all that to come as well. It’s exciting. I’m ready for it and want to hit the green button. I know that everyone else is ready for it and it pushes the boat for more. The card was delayed for the security features. Once the security is in, everyone is using it and everything is alright, we can then go live with the card. As more products come off the line, their hands become free and focus on other things including the things that are later in the pipeline. That’s it for the news. There hasn’t been too much more going on. There are a lot of talks about trying to keep people happy during the bear market. Do you have anything to add before we move into the Q&A, Gandalf?
Gandalf: Maybe a word to the general audience and the general behavior currently. Not to judge anyone, but to remember that when a partner is doing good, cheer them on. Don’t provide thoughts and ideas that anything is going down because another is going up. The general idea of the ecosystem is that the whole ecosystem grows. Of course, some people are bullish on SafeMoon while others are bullish on Grove. It is important to remember that when a partner does good and is bringing their ecosystem up, cheer for them. Just don't judge people who are happy about this, right? Try to be there for them. They need this kind of attention and also they did good, so we should cherish that.
Cats: 1000%. Every single person, whether in SafeMoon, a partnered token or other tokens, we’re all in DeFi and all here for the domination of FIAT. That’s the evil and what you should be angry at in today’s society with what’s going on. If you want to be angry, be angry that way. That’s where the current problem lies; not with what is happening on the development side of a project. When we see success like Grove, we all get raised with it whether you're a SafeMoon holder or SafeMoon Partner token holder. We all rise together. That’s been covered since day one. A rising tide raises all ships. Let’s cover some questions.
When is the burn supposed to stop?
Cats: The figure given under V1 was 250 billion and the reason the burn stopped was because of the mechanic Swap and Liquify which broke at 250 billion. Once you got close to or under that supply, you’re essentially breaking the burn and the burn stops. It was a small amount for V1 anyway. That mechanic has been altered, which is now Swap and Evolve. Theoretically, there is no stop at this moment in time for the burn, at least for the foreseeable future. It could change as the ecosystem develops and things change on that front.
When will SafeMoon release the SafeMoon card for users within countries of Europe?
Cats: So, I don’t have a specific date or infrastructure as to when they will go live. I believe we initially said UK and US, is that right, UK and US?
Gandalf: Looking it up..
Cats: I’m just double checking. I’ll have to double check. Yeah, I can’t remember. I believe it was the UK and U.S. for the beginning portion of that, anyway. No dates, points of that for the moment in time but that was UK, US at the moment where we thought we were going to release at the beginning of this month. Obviously, security came first, so timelines may change. It has taken a bit longer, could potentially cater to other countries. I don’t know, but we’re getting there. We’re getting closer and hopefully, we can provide more information on additional countries in the near future when we get our security upgrade out. Again, the security has got to come first. Once people are using it and it’s happy, we can lead into implementations like the card. So, it’s not about the physical card itself being deployed. It's about the regulations that are associated with the country. The country itself has its own regulations. Now, a lot of that is going to be copy and paste in the context of regulations and that’s where -I can’t remember the phrase- that was used previously. You, essentially, have an initial application for each country. They may apply to all the other jurisdictions and countries across the world and it takes time to be [approved] in multiple countries across the world. Again, stay tuned for key details and it will be provided in due course.
I’ve applied for the SafeMoon card and since then, I have moved to the United States. How do I change my country in order to be in the first batch?
Cats: That shouldn’t matter too much. Essentially, all that does is just gives you the opportunity to apply based on the country. If you’re from Mongolia, for example, you will potentially not receive the email to notify you to go ahead and apply or proceed with the next step [of the signup or KYC process.] Whereas, if live in UK and you’ve put UK, you are potentially going to get that email. Again, if you try to cheat the system–and say you’re in the UK when you’re in Mongolia, you may not get approved because of KYC. Being that you’re in the US, I wouldn’t worry. You’re one of the two initial launching countries, anyway. You will likely receive that email and then it’s just a case of completing the signup and moving past the KYC process before you are approved at that point. You’re fine, nonetheless.
When will the next podcast? Cats: The podcast has already been recorded. We mentioned that today in the show. It’s currently being edited by Sketch. Once the editing is complete and it’s been approved for publishing, hopefully, we can have it out this week. There’s a lot to go through when you record a podcast. You think you’re getting an hour's video but there’s like four hours worth of footage to get through to make it that one hour clip. That time frame is based on the last one podcast [but it will depend on the length and those assets that need to be edited in the studio. It is a time consuming and often tedious process.] It’s hopefully coming this week. How would you characterize mutual benefits within SafeMoon’s partnership network? Will SafeMoon be providing green energy to GroveToken’s farming operations? Will SafeMoon provide this benefit to Grove and help mobilize their structures and grow setups? Will burning tokens facilitate any of these rumored benefits?
Gandalf: I knew that this would come up as a question, I knew it.
Cats: It's not a confirmation to say "Yes. That is something that is happening." That is something that could play out as an opportunity the team could take advantage of, sure. Again, this leads into the partnership tier levels [and how that partnership is defined as being part of that tier.] It's definitely food for thought as a potential option. This could happen. Is it going to happen? We have to wait and see. We change so quickly! As we continue to evolve, change and grow, the partners are also evolving. We're all on these bullet trains, flying down the track at 500 miles an hour, and we all have get diverted sometimes before we come back, [in terms of growth]. Who knows? We will have to wait and see. I like the idea! The more they turn, the more they burn.. So, [the burn] would definitely help in that aspect but we have to wait and see.
Gandalf: You should not forget that there was the tweet that John [Karony], CEO of SafeMoon and John Ghemrawi, CEO of GroveToken will meet up soon. We have to wait and see what comes out of that.
Cats: I think we're good. I think we're covered. That is this week's MoonCast, Episode 46. In 2 months’ time, we'll officially hit a year of MoonCasts. I have something planned, well theorized, for the one year anniversary of MoonCast. When we make it, we will definitely have some fun! This has been MoonCast, Episode 46. As always, enjoy the week coming up! You know where to find us if you have any questions; and we will catch you guys next week.
A special thank you to our transcribers GlennHasABeard and Sir Burns! We are so grateful to their dedication each and every week!