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SafeMoon Lowdown (January 6th, 2023)

Updated: 3 days ago





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What is Proof of Authority? | Community Content: Images & Videos - Thoughts on Tokenomics by SafeMoon Spidey | Blockchain News: Celsius Founder and CEO Alex Mashinsky Sued by NY Attorney General - French Central Bank Head Wants Crypto Licensing - CME Crypto Trading Volume Hit 2-Year Low in December | Food for Thought | SafeMoon Stats | SafeMoon Partners | Reminders


What is Proof of Authority?

SafeMoon CEO John Karony discussed the consensus mechanics that will be used in the SafeMoon Blockchain: Proof of Authority.


What is PoA and what are the advantages? Learn more by clicking the image below.


Community Content

Images & Videos

Katxkin


SafeMoon Knight


Oggi


Safe_Moonknight


HamSolo


Thoughts on Tokenomics

by SafeMoon Spidey

"Let's talk about Tokenomics. Let me preface with the fact that I don't think that SafeMoon will EVER decide to ditch Tokenomics, just to make life easier... However, I am not not a DEV, nor the CEO of the company, and I cannot see the future, unfortunately. So,...🧵


There is ALWAYS the possibility that tokenomics is the major issues that is creating so many delays. Like many projects that have already ditched Tokenomics will tell you, it is a large barrier.


Would I still support SafeMoon if they changed or completely dropped their Tokenomics?


Sure.


But, I would definitely be disappointed.


To me, Tokenomics is one of the foundations of SafeMoon and one of the reasons that I LOVED SafeMoon so much. I liked the idea of compounding interest and not having to worry about "timing the market".


To expand on Tokenomics, we were introduced to the concept of Global Tokenomics or GloToks, where ALL volume from both DEX and CEX would provide reflections to our ever-growing bag. THEN they shocked me even more with the concept of Cryptonomics, that they wanted to introduce on the SafeMoon Exchange and would be unique to SafeMoon.


I know that SafeMoon is a Technology Company and that crypto is just part of it's foundation, but I feel like Tokenomics, GloToks, and Cryptonomics are part of the crypto's foundation and that proving successful in and bringing these concepts to the forefront of the ALL of Crypto would be a legacy that would be hard to match.


And, that is not even accounting for ALL the other products that they are working on, innovating, and building in their ecosystem. Would I be disappointed in the loss of tokenomics, VERY. BUT, I have already packed my bag and I know that SafeMoon is going to do what is best for the company and I stand with it.


Let me reiterate, I DO NOT believe that SafeMoon will take the easy way out. I believe that they are striving, not for the road less traveled but to create a new road, where they make the rules:


- Security

- Accessibility

- Quality


Just thinking out loud. Cheers."

- Spidey

Original Tweet


Blockchain News

Celsius Founder and CEO Alex Mashinsky Sued by NY Attorney General

The New York Attorney General's office has filed a lawsuit against Celsius founder and former CEO Alex Mashinsky, claiming he made many "false and misleading claims" in regards to the financial condition of the Celsius platform, defrauding investors out of billions of dollars worth of cryptocurrency, read more about it here in this article from CoinTelegraph.


French Central Bank Head Wants Crypto Licensing

Francios Villeroy de Galhau, Governor of The Bank of France, is calling for stricter regulations on crypto companies ahead of the European Union's Markets in Crypto Assets (MICA) regulation to be voted on in February.


According to a report from Bloomberg, obtaining a license in France for Digital Asset Service Providers (DASPs) is currently optional and none of the providers in France have one. Read more in this article from CoinDesk.


CME Crypto Trading Volume Hit 2-Year Low in December

Derivatives giant Chicago Mercantile Exchange’s (CME) crypto-related trading volumes suffered a steep falloff in the last month of 2022. Total crypto derivatives volume plunged 49.2% to $14.2 billion, according to CryptoCompare, the weakest since October 2020. Bitcoin futures volume was down 48.3% to $13.2 billion, with ether futures volume off 55.3% to $481 million. To learn more, check out this CoinDesk article.


Food For Thought

"As the calendar starts anew, use the time as a reset if needed. Reflect on where you’ve been, acknowledge honestly where you are, and plan a path to take steps to get where you’d like to be."

- John Cena


"The joy of leadership comes from seeing others achieve more than they thought they were capable of."

- Simon Sinek


"A year from now you’ll either be thanking yourself you did something or kicking yourself you didn’t."

- Aaron


"Being mindful does not mean being careful, but giving others the attention they deserve.🫂 All love begins from within ❤️"

- Gandalf


"Do something that sucks, every day of your life! That’s how you grow”

- David Goggins

Shared by SafeMoon Eve

"Be fearless, be strong, be you."

SafeMoon Stats

Have you voted today?

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SafeMoon Partners

Cryft

"📡#CryftCards Contract 4.1.1 will propel us into the next phase of development. This #SmartContract has many utilities within #Cryft ecosystem. Most novel is the ability to sustain an experience for Novice Users."

Cryft Card Token Tracker


"New Features #Cryft Card (CC411) - Value of codes range from .1 to 1 #BNB - Able to redeem for multiple tokens - #Gift Code redemptions feed the entire ecosystem gas - Tokens will be added as we grow"

Original Tweet



Mirror Protocol

"Join us tomorrow on Through The Looking Glass with special guest @XRPjenna as we dig a little deeper into #XRP! As #TheMirrorProtocol gear up to launching XRP-MP, we want to educate people on how native XRP can be beneficial in DeFi. 1/5/22 6pm PST!"

Twitter Space Link


Original Tweet


DxSale

"🎙️ THE TIME HAS COME.. 🎙️It’s finally here, We present to you the #DxSale V4 update! 🚀Our biggest update ever is now LIVE! 🔥 We are constantly trying to level up which is why we continue to be the best #DeFi launchpad around 💎🚀 Check it out! 👇"

http://dx.app/

Original Tweet


Shibnobi

Click the image to listen to the most recent AMA.

Grove Token

"It's the word around town! 🏠🏨 #GroveCoin & #GroveSwap are launching at 6pm EST Jan 6.! With Staking and Farming ready to offer you #passiveincome! 🛌💤🪙 We'll have a link to the #GroveToken to #GRV converter at the same time. #GroveGreenArmy are you ready? 💚"

Original Tweet


"We just hit 11k members on our official Telegram! 🥳🎉 Excitement is building for #GroveCoin and the #GroveGreenArmy is growing by the minute! 💚 ⚠️Reminder: Announcements from @JohnGh87 or this page. Official links through our Linktree:"

Linktree

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

Recent Captain's Logs

SafeMoon Exchange

SafeMoon CEO John Karony talks about SafeMoon's Centralized Exchange
(CEX) progress in the Captain's Log video below.


SafeMoon Blockchain

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.

 

pSFM Migration

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

Am I eligible?

- Moving forward, the partnership with pTokens will be coming to a natural end. The pSafeMoon Token will no longer be supported except through this Migration Program dApp.

- If you acquired pSafeMoon prior to Monday, December 19th at 9AM MST (GMT-7) please initiate a migration to SFM V2 as soon as possible.

- Liquidity for the pSafeMoon Token has been removed, and any tokens acquired through any means after Monday, December 19th at 9AM MST (GMT-7) will not be redeemable for SafeMoon V2 tokens.

- In order to assist the pSafeMoon holders in this migration, a secure and user-friendly procedure has been put in place. This process will remain live for a minimum of six months.

Migrate your pSafeMoon tokens to SafeMoon V2 tokens

The education team has also recently updated their pSafeMoon Guide to include an updates section so you can be aware of any issues relating to pSafeMoon. In addition, you'll find some FAQs to keep you all up to date.


Click the image to check it out