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SafeMoon Lowdown (December 8th, 2022)

Updated: Dec 9, 2022



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Crypto Industry Targeted Attack | SOS FUD | Blockchain Origin - Merkle Trees | Community Content | SafeMoon Gaming - Community Day | Food For Thought | Blockchain News: Vitalik Predicts 3 Stablecoin Categories encourages Embracing real-world Assets - Ethereum’s Energy Switch Saves | SafeMoon Partners: Shido Finance - Mirror Protocol Reminders


Crypto Industry Targeted Attack

🚨Malicious hackers are coming up with more complex ways to steal, and they are targeting the cryptocurrency industry! A weaponized Excel file was found to contain an advanced 4-step process to allow the attacker to remotely take control of your device, but first, the actor goes through elaborate means to gain trust in hopes that once this infected file is shared, it is opened.

The threat actor posed as representatives of another cryptocurrency investment company, and in October 2022 invited the target to a different chat group and pretended to ask for feedback on the fee structure used by cryptocurrency exchange platforms. The threat actor had a broader knowledge of this specific part of the industry, indicating that they were well prepared and aware of the current challenge the targeted companies may have. - Microsoft Security Threat Intelligence

To lean more about the attack read this article.



SOS FUD

SafeMoon CEO John Karony and the SafeMoon Discord community teased about the recent misinformation around SafeMoon Orbital Shield.

"So the person logged into their account…But did it with extra steps? I mean do they not like the UI? There are easier ways to log into your own account…like just using the login screen." "If they don't like the UI, please submit the feedback to zendesk 🙂"

Original Discord Message



"I was given keys to a hotel room I booked and just like that, I was able to walk to the room. Serious security hole"
"I was able to get into my car using the key. Hax."

Original Discord Message



Community Content

Images

"It's that time of year 🎄️"

Danny


Oggi




SafeMoon Gaming - Community Day

It's Community Day for SafeMoon Gaming. They will be playing World of Warcraft at 3pm MDT! Wanna join? Click the SafeMoon Gaming logo below to hop into the Discord!


Food For Thought

If you do not spend time getting to know yourself, you will end up absorbing everyone else's conflicting ideas about you. Knowing who you are on a very deep & intimate level is the best way to protect yourself from internalizing disempowering opinions from others.

- MINDJOURNAL




Go after your dream, no matter how unattainable others think it is.

- TrueFit





Blockchain Origin - Merkle Trees

The Merkle tree, which was conceptualized by Ralph Merkle of Stanford University in 1980, is frequently used in peer-to-peer (P2P) networks to address computing and memory space needs. It would not be an exaggeration to argue that Merkle trees contributed significantly to the success of blockchain technology.


Why are Merkle Tress Important?

Merkle Tress play a huge role in the efficiency of Blockchain Technology, Without Merkle Trees the Blockchain verification & integral process of transactions would take up too much space and take far too long.

What is a Merkle Tree?

The Merkle tree is a type of binary hash tree with 3 different nodes: leaf nodes, non-leaf nodes, and root nodes. Merkle trees are helpful for maintaining and verifying transaction integrity in any decentralized ledger and are can be found in both the Bitcoin and Ethereum chains.


To read more about Merkle trees take a look at this article or view the video below.


Blockchain News

Vitalik Urges DeFi to Embrace Real World Assets and Predicts Stablecoins Will Split Into 3 Groups

Vitalik Buterin is bullish on the integration of real-world assets into DeFi and stablecoins. He recently published a blog encouraging developers to explore blockchain-based assets tracking traditional financial instruments. Stablecoins are emerging as a popular on-chain monetary product.


There will likely be three types of stablecoins in the future:

  • centralized stablecoins

  • decentralized stablecoins

  • DAO-governed real-world-asset-backed stablecoins. [Source: TheDefiant]


Ethereum’s Energy Switch Saves as Much Electricity as Entire Ireland Uses

Ethereum, the world's second-largest crypto asset by market cap, has drastically changed its energy usage, saving a country-size proportion of power consumption.


This radical update most likely reduced the power consumption of the crypto network by 99.84 percent to 9.99 percent, according to a paper published by peer-reviewed data-science journal Patterns on Tuesday. [Source: Interesting Engineering]


SafeMoon Stats


Have you voted today?

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SafeMoon Partners

Shido Finance

"A mind blowing in-depth article on Shido Chain is soon complete. It will definitely show on which level we are building the blockchain and how vast the build is. It will work as a whitepaper and investors sheet for the Blockchain. People will understand where we are heading." - CEO ShidoFInance

Original Tweet


Mirror Protocol

"Through the Looking Glass w/ the #MProtocol Team!! This Thursday at 6pm pst "

Original Tweet


Are you interested in becoming a Token Partner?

To apply, simply visit SafeMoon.com/apply.


Partner Information:

For more information on all our partners, visit SafeMoon's Partner Portal.

 

Reminders


pSFM Migration Campaign

As part of their evolution, SafeMoon announced their partnership with pNetwork has come to "its natural end" thanking pNetwork for "being an outstanding partner".
Plans are in place to end the pSafeMoon bridge on December 19th at 11AM EST. A dApp will then open to allow for pToken holders to migrate and consolidate their pSFM to SFMV2.

⚠️If you want migrate your pSFM before December 19th, this link will take you to the article created to help you through that process.

MoonCast #57 Transcript

Did you miss the latest MoonCast with discussions around SafeMoon Orbital Shield??? The transcript is finished thanks to our awesome transcription team! You can view the transcript along with the video by clicking here.

 

SafeMoon Partner Stories: MetaMerce

About:

MetaMerce Token resides on the Ethereum blockchain. It is an ERC-20 deflationary token aiming to revolutionize the secondary goods industry. By partnering with the nation’s largest retailers and utilizing reverse logistics program(s), MetaMerce will become a global distributor within a trillion dollar market. Step into the future of shopping, MetaMerce Market, a virtual reality e-commerce platform within the Metaverse sector.


 

SafeMoon Pulse

SafeMoon's monthly Pulse article and video are live! If you haven't checked them out yet you can view both the article and video by clicking the image below.
⇙October 2022 Monthly Overview ⇘

 

Tokenomics Supervisor

SafeMoon announced that with the recent SafeMoon SWaP updates came a new patent pending feature that solves the existing Defi inconsistent fee paradigm for tokens on multiple Decentralized Exchanges.
"Our recent updates to the #SAFEMOONSWAP have seen the launch of the SafeMoon Tokenomics Supervisor. Curious?🤔Read more about it in this shiny new press release" [Businesswire]


They partnered with "Blockchain and AI expert Dr. Adel Elmessiry to help solve the inconsistency. Labeling the invention "Tokenomic Supervisor," they explain that it operates in 2 steps:
Token Registration
Token SWaP

To learn more, view the full article here.
 

Security Questions (Best Practice)

🎓You might have seen that SafeMoon Orbital Shield requires users to answer 2 security questions.

⚠️We highly encourage reading our Best Practice article to learn about a safer method for answering these security questions!
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Slippage and Gas Articles

You may have heard of slippage and gas related to the transactions you make when trading your digital assets on the blockchain but do you know what they are, where they come into play during a transaction, or even why they exist?

SafeMoon Education Manager Cats published two new educational articles for those interested in understanding more.

⬇️Click on the image of the subject you'd like to learn about first.⬇️
Learn about Slippage (Left) and Gas (Right)
 

Understanding SafeMoon Transactions Article

🎓Want to understand more about what happens when a SafeMoon SWaP transaction takes place? Here's an article that can help you understand the process a bit further. Check it out by clicking the image below. 👇👇👇
 

SafeMoon Education - Wallet Update

The SafeMoon Education team published an article on the most recent Wallet update adding the Avalanche Chain to the SafeMoon Wallet!
Here is the link to the article.
 

pSafeMoon

If you are currently holding pSafeMoon, you won't be receiving reflections due to the SafeMoon V2 Migration. In this SafeMoon Education article, you will find a method in which a pSafeMoon holder will be able to migrate to SafeMoon V2.

A HUGE thank you to SafeMoon Sr. Mod Explorer who helped put this article together!!! 🥰


 

SafeMoon Podcast: Table 32: EP01

Full transcript with corresponding video sections live for Table 32!!
Click the image below to view the transcript.

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SafeMoon Career Opportunities

"Are you someone who imagines new realities & wants to collaborate with others to bring that new reality into being, for the good of everyone? Or maybe you know someone who might be a good fit?"

 

SafeMoon Gaming