SafeMoon Orbital Shield: Tweet - Community Feedback | Community Content: Images & Videos - SafeMoon Insider Support | Blockchain Education: Bear Traps and How to Avoid Them - NFT Marketplaces - Potential Benefits of NFTs on the Planet | Blockchain News: Crypto Market Cap Rises Above $1 Trillion First Time Since November | Food for Thought | SafeMoon Stats | SafeMoon Partners: Mirror Protocol - Rhythm - Shido - GroveCoin - Glow Token - DxSale - EverGrow | Reminders
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Images & Videos
"As promised @Blairosophy. Deals a deal. Two photos of the
SafeMoon Insider Support
Thank you so much for the shoutout, Tim!
We always appreciate you!
Bear Traps and How to Avoid Them
A bear trap is a tactic used by some investors to temporarily lower the price of an asset through coordinated selling. This can cause confusion and losses for novice traders, as well as those who try to time the market. In a bear trap, the price drop may be temporary and followed by a resurgence in the previous upward trend, deceiving those who believe it signals a downward trend. This form of market manipulation is risky for both short-term and long-term investors, as it can lead to losses from sudden selling pressure.
To read more about the following questions, check out this educational article by Cointelegraph:
1. What is a bear trap?
2. How does a bear trap work in crypto markets?
3. Bear traps vs. short-selling
4. Is a bear trap bullish or bearish?
5. How to identify and avoid a bear trap?
NFT (non-fungible token) marketplaces are online platforms that allow users to buy, sell, and trade unique digital assets. These assets are digital representations of items such as artwork, collectibles, and even virtual real estate.
Unlike traditional cryptocurrencies, NFTs are not interchangeable and each one has its own unique characteristics. This allows for the creation of digital items that can be bought, sold, and owned just like physical items.
NFT marketplaces use blockchain technology to create a secure and transparent way for buying and selling these digital assets. Blockchain allows for the creation of a digital ledger that records every transaction made on the marketplace, providing a record of ownership for each NFT.
Some popular NFT marketplaces include OpenSea, Rarible, and SuperRare. These platforms feature a wide variety of NFTs, including digital art, collectible trading cards, and even virtual real estate. Some marketplaces also feature tools for creators to easily mint and sell their own NFTs.
The NFT market has been growing quickly in recent years, with the total value of NFTs sold on these marketplaces reaching over $2 billion in 2020. This growth is expected to continue, with many predicting that NFTs will have a significant impact on the way we think about digital ownership and the value of digital content.
NFT marketplaces offer a new way for creators and collectors to monetize and own unique digital assets, but it's important to be aware of the risks and to do proper research before participating.
Potential Benefits of NFTs on the Planet
Ecomint, a UK-based company, is leading a project in Ghana to plant over 240,000 trees on 200 hectares of jungle to create a three-tiered canopy of forestry that generates funding from the carbon it captures. The project aims to use the power of capitalism to create an economically viable environmental project that funds itself. The novel aspect of this project is that the initial investment for planting the trees will come from selling non-fungible tokens (NFTs), a type of unregulated and risky crypto investment. [Source: NewsWeek]
Crypto Market Cap Rises Above $1 Trillion First Time Since November
The cryptocurrency market exceeded a total value of $1 trillion for the first time since November, according to CoinGecko. On January 14, the value of Bitcoin rose to over $21,000, due to the possibility that inflation may have reached a low point. The value of the largest cryptocurrency increased by 7.5% to $21,299. This was the first time it had reached above $20,000 since November 8 and the 11th consecutive day of growth. Ether, the second largest cryptocurrency, saw a 9.7% increase in value and other coins like Cardano and Dogecoin also experienced significant gains. [Source: LiveMint]
Food For Thought
"Sometimes, you need to step outside, get some air, and remind yourself of who you are and where you want to be. It's never too late to be who you might have been. Make someone smile today, and as always, #BeKind."
"When people feel safe enough to raise their hands and say, 'I made a mistake' or 'I need some help.' The leader has created an environment where people feel safe to be themselves."
"😎To plant a garden is to believe in tomorrow...👊 😉Plantar un jardín es creer en el mañana.🤝"
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Recent Captain's Logs
SafeMoon CEO John Karony talks about SafeMoon's Centralized Exchange
(CEX) progress in the Captain's Log video below.
CEO John Karony gave a quick update on the SafeMoon blockchain explaining a bit about the chosen consensus mechanism and release expectations.
SafeMoon Pulse: November Recap
SafeMoon's monthly Pulse article and video are live!
Token Monetization Innovation (TMI)
SafeMoon has released a new patent pending feature designed to improve the user experience on it's DEX (Decentralized Exchange - SafeMoon SWaP) labeling the feature TMI (Token Monetization Innovation).
TMI aims to improve transparency and transaction predictability by charging the exchange fees upfront in the native token and using smart contracts to ensure transparency in token liquidity pairings. It also aims to expand the availability of web3 and enable additional community partnerships with meaningful projects.
SafeMoon made the announcement in a Tweet and shared the SafeMoon Newsletter Captain's Log.
Attention pSafeMoon holders ONLY. SafeMoon Tweeted,
"The pSFM Migration Campaign is now LIVE! If you held pSafeMoon before December 19th 11am EST, you can now migrate your tokens with our easy migration tool. *If you do not hold the pSafeMoon token you may dismiss this message."
Only use the official dApp link on the SafeMoon Website.⚠️
Have the tokens you want to use for migration in your wallet.
Don't transfer after the cutoff date/time
Have a small amount of ETH for gas fees
Tokens acquired in wallets after the cutoff date/time won't be eligible