MoonPay Announcement | Blockchain Education: Stablecoins | SafeMoon Gaming: Today's Event - Tomorrow's Event | Food for Thought | Reminders
Last week, there was an announcement from SafeMoon's official Twitter:
"With our recent integration of @moonpay into the #SAFEMOONWALLET, we've now extended our fiat on and off ramp experience to the #SAFEMOONSWAP! This is a another step forward in making your experience with #SAFEMOON even smoother and more convenient than ever before! swap.safemoon.com #SAFEMOONARMY #DeFi #Web3 #MoonPay"
Blockchain Education: Stablecoins
What is a stablecoin?
Stablecoins aim to address the inherent volatility issue of Bitcoin and other cryptocurrencies by maintaining a stable value, which is a crucial characteristic of any currency used on a daily basis. This is achieved by tracking the value of a given fiat currency at a 1:1 ratio and can be denominated in any national currency. The stability of a stablecoin is dependent on the underlying currency it represents and the mechanism used to maintain the relationship. The most commonly used stablecoin denomination is the US Dollar, with Tether (USDT) being the first and largest stablecoin by market cap, launched in 2014 [Coin Market Cap]. Other stablecoins have since emerged, including those based on the Euro, British Pound, Australian Dollar, and Brazilian Real.
Why is it useful?
The high volatility of Bitcoin and other cryptocurrencies creates issues for everyday purchases and large-value transactions. This instability creates uncertainty, reducing economic activity as people are less willing to spend an asset expected to increase in value. Stablecoins, by combining the stability of fiat currencies with the decentralization and global nature of cryptocurrencies, offer a solution to this problem. They can expand the reach of the global economy and be immensely useful in integrating global financial systems.
[Sources: LearnCrypto.com, Coin Market Cap]
Disclaimer: This educational piece is for general blockchain education purposes only and is not specifically related to the SafeMoon Ecosystem.
Head over to the SafeMoon Gaming Discord at the event's scheduled time to join any of these events.
Today's Event: Fall Guys
Fall Guys is a party royale game where players compete against each other in a series of absurd and chaotic challenges until only one winner is left standing. Join in on the fun at 6 pm MST/8 pm EST/1 am GMT today!
Image source: FallGuys.com
Tomorrow's Event: World of Warcraft
At 3 pm MST/5 pm EST/10 pm GMT, the SafeMoon Gaming community will play some more World of Warcraft. Join the guild and participate in raids, or have some PVP fun with the community!
Image source: Forbes.com
March SafeMoon Gaming Event Calendar
Food For Thought
"You have to be burning with an idea, or a problem, or a wrong that you want to right. If you're not passionate enough from the start, you'll never stick it out."
- Steve Jobs
"To live our lives with an Infinite Mindset is to live a life of service."
"Success is not final, failure is not fatal: it is the courage to continue that counts."
- Winston Churchill
SafeMoon Special - Hello Again
SafeMoon Pulse Monthly Recap
Each month, the SafeMoon Pulse offers a comprehensive SafeMoon overview of the previous month, including any updates or changes you might have missed. The latest issue of the SafeMoon Pulse is now available, covering all the important information from the month of January 2023.
Let's recap the month of January! The video is below, or if you prefer reading, you can access the Pulse article here.
SafeMoon Wallet: How to Sell Crypto Guide
SafeMoon Orbital Shield
SafeMoon released a technical explanation of their patent-pending security product, SafeMoon Orbital Shield.
Need a slightly more simplified explanation?
What is PoA, and what are its advantages?
Learn more by clicking the image below.
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.
Token Monetization Innovation (TMI)
SafeMoon has released a new patent pending feature designed to improve the user experience on its 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.
TMI SafeMoon Newsletter Captain's Log.
Attention pSafeMoon holders ONLY.
The pSFM Migration Campaign is now LIVE!
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
The pSafeMoon 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
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.
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:
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!
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 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?"
Click below to join the SafeMoon Official Gaming Discord:
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