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Security Awareness Article: Social Engineering
This week's SafeMoon Security Awareness article is on Social Engineering. Learn how scammers manipulate you for your information!
Seize The Day
"Carpe Diem! ...Except when it comes to cable management." - John Karony
"Like many other terms in the world of crypto, SAFU has its origin in a meme that went viral. In 2018, a video titled “Funds Are Safu” was uploaded on YouTube by Bizonacci. The community ditched the phrase “Funds are safe” for “Funds are safu” With #Mandala, your funds are SAFU."
"For everybody experiencing their first bear market, just remember that market cycles come and go, but crypto is here to stay. Buy when weak hands sell, and enjoy the season of accumulation."
SafeMoon Burn Thread
Creator of the widely used SWaP Date volume summaries, SafeMoon Hydra, shared some thoughts and some mathematical calculations with us!
SWaP by SafeMoon mathematical thread by Hydra:
"What if…? That’s the most asked question I have received from you in my DMs. I decided to create a mathematical thread just for this question! In the last 129 days, our swap had an average volume of $1,889,016/day. It burned $79,905 worth of SafeMoon. But what if the SWaP by SafeMoon would have a constant volume of $1m, $5m, $10m, $25m, or even $100m per day? For this questions I created an small chart with the current SWaP by SafeMoon fee structure:
0.17% -> LP 0.05% -> SafeMoon eco-system 0.03% -> burn
If we now assume that the price won’t change within the next 365 days and stays constantly at the current level of 1SFM = $0.0004313 we would burn the following amount of SFM within a year:
$1m = 253,883,606 SFM
$5m = 1,269,418,038 SFM
$10m = 2,538,836,077 SFM
$25m = 6,347,090,192 SFM
$50m = 12,694,180,385 SFM
$100m = 25,388,360,770 SFM
Keep in mind, that this is ONLY done by the SWaP by SafeMoon. Only one product is launched within the SafeMoon ecosystem. But what if the #SafeMoonCEX, #SafeMoonCard, and the #SafeMoonBlockchain are launched and are going to contribute to this ecosystem as well? With this in mind, I‘m very confident and very excited for the future of SafeMoon."
"As of June 2021, the USMS managed nearly 200 DOJ cryptocurrency seizures. We looked at the USMS’s management of seized cryptocurrency, and found that the USMS faced challenges in managing and tracking cryptocurrency." - DOJ Inspector General
Click the icon below to read the findings!
Crypto Tax Bill
New Crypto Bill Suggests Unrealized Staking Gains Should NOT Be TAXED.
"As US law currently stands, stakers and miners must pay taxes on rewards such as income, regardless of [whether] the tokens were sold or traded." The bill says that "[i]ncome generated by digital asset mining and staking 'shall not be included in the gross income of the taxpayer' until the taxpayer sells or trades the assets." The article talks about how this "clause would change the tax law" that a certain couple from Nashville has been "fighting for over a year."
To read the full article click below.
Coinbase Job Cuts
Coinbase To Cut 18% of Workforce, CEO Wary of Potential Recession!
Less than 2 weeks after the firm announced the temporary halt on new hires and revocation of their current job offers, Coinbase has made the decision to also cut current jobs!
“Today I am making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn." - Brian Armstrong, Coinbase CEO
To read the full article click below.
SafeMoon Discord moderator and one of our newest transcribers made this image. Just too cute! We love it. Thank you for sharing Glenn! 💗
"When the #SAFEMOONARMY have to present their project on
@SAFEMOON in class! #SAFEMOON #JUJUTIME #SAFEMOONPOSITIVITY"
Top BNB CHAIN Projects with Highest Bullish Sentiment
Congratulations to our partner, Shibnobi, on the new branding!! We love it ❤️
To learn more about Shibnobi, click here!
Click the image below to view SafeMoon Education's Partner
Page where you can find our partner's news.
Swap & Evolve Progress
79.187% | 20.813%
SWaP Volume by Hydra
The MoonCast transcript is here, thanks to our amazing transcribers, Sir Burns, Kerr and GlennHasABeard! Check out what's been going on over the past week by watching the timestamped videos or reading the transcript!
🎧 The audio of this MoonCast is also available on SafeMoon's Educational Podcast. Click the button below to listen.
Evolution. What is it? Why is it important? What are the different types? SafeMoon Educator Gandalf discusses this topic in his recent Twitter Space. The video and corresponding article went live yesterday. Click on the image below to listen to Gandalf's space or read the article.
Bear and Bull Markets
This Space was held on 16th May 2022, where the SafeMoon Educator Gandalf discussed Bull and Bear Markets.
This Space was held on 30th May 2022, where the SafeMoon Educator Gandalf looked to discuss company progression via its innovation within their respective spaces.
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!
Click on the image above to view the Pulse May 2022 SafeMoon Monthly Recap.
it's time for another SafeMoon Pulse monthly recap where we pull together all of the main events, product reveals, releases, new partnerships, collaborations, and updates that have taken place over the past month for SafeMoon.
To apply or see what listings are currently open visit safemoon.com/careers any time.
Upcoming Card Features
Sign-up for the pre-launch waitlist here
SafeMoon SWaP Listings