SafeMoon Lowdown (June 6th, 2022)

Updated: Jun 7


SafeMoon Labs | SafeMoon Community | SafeMoon Ranking | Crypto News

Web 3 Metaverse | Bitcoin Adoption | Crypto Tax Write-0ffs | Crypto Donations

SafeMoon Partners | SafeMoon Stats | Reminders




SafeMoon Labs

Today's educational SFM Labs Twitter Space is on "Evolution" and will begin at 2 pm EST. If you are not able to tune in, the live recording and corresponding article will be available this weekend.


If you have any questions on today's space feel free to message @GandalfEducator.

Click the icon below to set your reminder

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SafeMoon Community


"If anyone is going through a rough time just remember the safemoon family is always here for you. Things might be difficult now but just remember good times will come. Just keep pushing forward and don't let bad thoughts bring you down!" -@KreeBee


"#SAFEMOONARMY I AM SICK OF THE ARMY BEING SILENT. LET YOUR VOICES BE HEARD AND SHOW ME YOU ALL STILL LOVE #SAFEMOON. LIKE AND RETWEET IF I LOVE #SAFEMOON." - GREEKDEFIGURU

"A world of only Victors. A world of only Peace. A world of only Love. We will create it #Safemoonarmy #Safemoon to the moon!" - Engine


"Will upload the SafeMoon logo every day until it is listed on Binance - Day 186"

- Reddit u/highvalyriaan




SafeMoon Ranking

SafeMoon is currently the 7th most searched token on BitMart Exchange according to BitMart Research!


Crypto News

Web 3 Metaverse

Despite the recent "bear market" and tax initiatives, Web 3 metaverse institutional investors and developers continue on undeterred.


"Immune to the digital asset market’s manic depressive volatility, Web3 developers, institutional investors, and regulators preparing to tax metaverse profits are calmly continuing with business as usual across the world" in China, United States, Canada, France, India, Japan, Singapore, South Africa, Spain, United Arab Emirates, Turkey, & Vietnam.


“The digital asset market meltdown is healthy for those companies which offer viable and sustainable Web3 products and technologies such as Ethereum and Avalanche to continue on. I will be launching my Utherverse utility token during 3Q of 2022.”

Brian Shuster

Founder and CEO of Canada-based Utherverse


Japanese multinational company Sony "will leverage its gaming technologies to build future Metaverse infrastructure and expand its portfolio of entertainment experiences, where it expects growth in the tech industry," Demond Cureton states in his article titled Sony Pivots Focus to Metaverse amid Epic Deal.


“The metaverse is simultaneously a social environment, as well as a live networking space where gaming, music, films and anime intersect"

Kenichiro Yoshida

Sony Group Chief Executive



To read CoinTelegaph's article on this topic, click the icon below!

 

Bitcoin Adoption

Why the Central African Republic adopted Bitcoin

"The Central African Republic's decision to adopt Bitcoin as legal tender came as a surprise to many, but the government argues that it will secure an independent financial future for the country, as the BBC's Damian Zane and Guy Bandolo report.


The president seemed to be following the Elon Musk style of cryptic cryptocurrency tweets.


Under the teasing heading "More to follow" CAR President Faustin-Archange Touadéra typed 'Vires in Numeris' - a Latin motto meaning "strength in numbers" that has been associated with Bitcoin. Then came his nation's motto.


This was shared with the world a month after the CAR became only the second country, following El Salvador, to adopt Bitcoin as legal tender.


The mineral-rich nation is ranked as one of the poorest in the world - a situation complicated by a near-decade-long civil war that has devastated much of the country. The government has recruited the Russian mercenary Wagner group to help in its fight against rebels.


The CAR's Bitcoin announcement left many scratching their heads and some wondering if it had more to do with a political shift away from France and towards Russia.


There has certainly not been a sudden explosion in the capital, Bangui, of businesses such as shops or cafes accepting Bitcoin as a means of payment.


According to an estimate from 2020, nine out of 10 Central Africans do not have access to the internet - a prerequisite for using Bitcoin.


That, along with a patchy and unreliable electricity supply, led some to question whether the CAR was the right country to test the theory that cryptocurrencies were set to replace traditional forms of money."


You can read the full BBC article by clicking the icon below!

 

Crypto Tax Write-0ffs

"Large Crypto Losses May Not Become Instant Tax Write-0ffs, But Here’s What You Can Do"

"The recent crypto market downturn and the upcoming recession fears have led many investors to sell their cryptocurrency positions at huge losses thinking that such losses are 'instant tax write-offs' on their taxes.


However, this may not be the case. It could take years to receive the full tax benefit of the loss you incurred in 2022, especially if you are going into an extended period with no gains."


You can learn more about capital losses by clicking the icon below!


 

Crypto Donations

The Al Jalila Foundation is a philanthropic organization that relies on donations to deliver life-transforming healthcare programs in the areas of medical treatment, education, and research and has raised millions for this purpose since 2013. The foundation has just announced it will begin accepting donations in the form of cryptocurrency.

Photo credit to english.alarabiya.net

“We are proud to be the first healthcare charity in the UAE to accept donations in cryptocurrencies bridging the gap between physical and digital currency.”

-Dr. Abdulkareem Sultan Al Olama

CEO of Al Jalila Foundation


"According to Chainalysis, the Middle East is one of the fastest-growing cryptocurrency markets in the world, making up seven [percent] of global trading volumes. The UAE transacts approximately $25 billion worth of cryptocurrency each year and ranks third by volume in the region."


To read the full article, click the icon below.


SafeMoon Partners

Click the image below to view SafeMoon Education's Partner Page where you can find our partner's news.


SafeMoon Stats

CoinGecko

SafeMoon Glubiz

Swap Volume by Hydra

 

Reminders


SafeMoon Labs

Stablecoins
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!

Bull and Bear Markets
If you missed the SafeMoon Labs recording and associated article for Bull and Bear Markets, you can check it out here !! He covers what the terms mean, where they derive from, and what causes markets to change.

 

SafeMoon Pulse

Another month has passed! This means 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.

Click on the image below to view the Pulse May 2022 SafeMoon Monthly Recap.

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Educational Articles

The SafeMoon Education Team released two educational articles about what Swap & Evolve is and how it works! Stay tuned for educational images.

For a simplified explanation of Swap & Evolve, click here.
For an in-depth technical explanation, click here.

 

MoonCast

📝MoonCast will resume this month!
 

SafeMoon Careers

To apply or see what listings are currently open visit safemoon.com/careers any time.
 

April Captain's Log

Click here to read the full Captain's Log!

 

Upcoming Card Features

Sign-up for the pre-launch waitlist here

 

SafeMoon SWaP Listings

(Official links to partners in the bottom page link list)

 

SafeMoon Key Moments

(current and planned products/listings)

 

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Disclaimer:

Please be advised this is meant to be used for informational and educational purposes only. All information should be used as such and not be treated as financial advice. Before making any financial decisions, it is important to complete your own due diligence. Thank you.



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