SafeMoon LP Announcement | New Job Postings | Utah Blockchain Coalition
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SafeMoon LP Announcement
SafeMoon Official tweeted this announcement:
"In connection with the migration of SFMV1 to SFMV2, SafeMoon is seeking to migrate BNB held in LPs associated with SFMV1 into LPs associated with SFMV2. In connection with that migration, SafeMoon may from time to time acquire SFMV2 in the open market, subject to market conditions and other factors."
Community Conversations
A Twitter Space was starting as the announcement was made and community members got to ask SafeMoon Education Manager CatsRus some questions! Check it out below.
To listen to the Space, click the image above.
Timestamp: 11:43-21:44
Zeus (Space Host): Can you cover [the SafeMoon announcement] for us, please?
CatsRus (SafeMoon Education Manager): As we all know, the migration happened towards the end of 2021, begin the 2022, where we had to migrate from the V1 token to the V2 token. We all know that, we're now trading the V2 token as normal. However, during the processes over the course of 2021 and the development from March to December, throughout that process there was a liquidity locking mechanism, where trades would lock up portions of the LP. In which it started to build up over the time and it was a foundation that ultimately the LP couldn't be touched and a lot of early starting tokens look to use this mechanic to gain the trust of earlier new investors that when they look to launch a token. So because of this, a lot of the LP that is associated with SafeMoon is locked on the V1 side.
And essentially now, if we have a look and I'll just give some numbers, in Pancake Swap V1 (and again this is all for SafeMoon V1), there is 19,983 BNB on Pancake Swap V1 and then on Pancake Swap V2 there's 35,181 BNB. Now they equate to different overall values, but just take the BNB side because we don't need to know about the SafeMoon V1 side because they're essentially dead tokens anyway, so it's not an issue.
But, that being said, there's a huge portion of LP that is not associated with the current V2 contract. Now the team is working towards being able to get those funds in order to then apply that to the V2 token. Now, once they've obtained the BNB, they'll be able to do that through the associated methods, which they said is buying from the open market.
Now again, they've obviously specified in the message that they're not just going to look to pump up the price because it's dropped all of a sudden because a whale sold, because if they looked to take and do big buys, it's an incentive for whales to just take that money for free. It's not about just trying to fund their massive drop out of it. Going up and down, up and down like a 'yoyo effect', That's not the case. They want to do a steady injection, shall we say, with that BNB. They're going to collect the BNB, as much as they can, and work with whoever the working with to obtain the V1 BNB and then from there they'll do slow injections based on the specific requirements that are set out by themselves to inject it in the right way. And that's essentially just taking that BNB and making purchases. And then from there they can put that in the LP.
Zeus: Let me see if I got this right, sir. So back then, when we were on V1, we used Unicrypt as our locker so that means Unicrypt has unlocked it to allow injections from V1 - slow injections - back into our LP to V2. Is that what you are saying?
CatsRus: So I'm not looking to discuss the methods in which they obtain the BNB. The grand scheme is once they get them BNB back, however much they get back - if they can obtain all of it, they can obtain all of it - whatever the method is to obtain the BNB, from there they then will be able to do slow injections. Until the team looked to make the changes with the BNB, I'm not personally in a position to disclose what's actually happening on the back end
until it happens, and I'm sure the blockchain will be very apparent with what's going on, but for now the method is that they're collecting the BNB and then doing the buybacks through the V2 token with the BNB that they obtained.
And the best thing about it is as well, all those tokens that are in the LP on V1 are essentially considered burned as well, so there's no migration for them. They are just considered burnt tokens now. They're going to stay in the deployer wallet, that is obviously deploying the V2 tokens. So those tokens are an additional burn, which I believe is 33 trillion tokens. That'll be 33 billion plus 41 billion so... 73 billion tokens will theoretically be burned there in doing so with this.
Don Bailey: Do the holders of SafeMoon participate in the taxes from the purchase of SafeMoon with BNB?
CatsRus: I believe that that is to be decided. As this is a bigger operation, those sort of questions I don't have answers to right now because they've still got to go through this but it's a flip of a coin. It'd be great to have the holders receive reflections, but at the same time, it'd be also kind of counterintuitive because then you're taking away from the liquidity, so there's a balance of what's actually better for the holders and I don't know at this moment in time -
Don Bailey: So that would be like - so from everything that you've described so far, the primary difference between Swap & Evolve and this process is the reflections to the holders, right?
CatsRus: Well, Swap & Evolve is a little bit different but theoretically the same principle of what they're doing, which is a buyback on the open market, is essentially what Swap & Evolve - Yes, both are the same principle where they are taking tokens from the open market and bringing it back.
New Job Postings
Change & Release Manager
We are seeking a Change & Release Manager for a brand new role in our organization! This role is integral for facilitating the process required to move software releases into production while coordinating with our various QA, Product Development and Project Management teams to ensure the smooth delivery of software releases with little disruption. As the successful incumbent, you will ultimately be responsible for managing, planning and scheduling software delivery all through the release lifecycle.
Key responsibilities include:
Oversee and champion release changes into production, through controlled promotion processes or documented support procedures
Ensure all changes to the live environment, whether hardware, operating system, configuration, or software in nature, are appropriately controlled and delivered effectively in a manner that meets stakeholder requirements and avoids business disruption
Oversee the day-to-day execution of change management processes and policies; to include architecting and maintaining change and control access board functions within the product SDLC
Provide leadership, coaching mentoring, support and guidance to the QA team, by coordinating approved change requests and integrating change controls with configuration and release management procedures
Create, execute, manage and mature IT change and release management processes, encompassing project management, application development, and operational procedures
Update, maintain and improve quality management system process documents and documentation to ensure continuously appropriate/compliant operation of quality processes
Manage and mitigate risks and resolve issues regarding release quality and schedule; develop risk mitigation control gates to ensure maximum availability and security of products
Provide expertise in the design, maintenance, and delivery of training for change and release management, including a strong focus on processes for maintaining communication with other groups.
To view the full job description, click here!
QA Specialist
As the Quality Assurance Specialist, you are an integral part of supporting the Product Development Department in the maintenance, management and development of the Company’s quality management system and ensuring our products reach the market and our holders with the highest possible quality standards available.
Key responsibilities include:
Conduct continuous technical QA testing in active collaboration with product development teams
Update, maintain and improve quality management system process documents and documentation to ensure continuously appropriate/compliant operation of quality processes
Log and triage technical bugs, issues and new feature requests within our project and change management systems
Respond to escalated bug finding user tickets through Customer Success teams
Utilize quality tools and techniques to perform and document full root cause investigations, to evaluate and resolve quality issues, and to enhance continuous improvement
Replicate vulnerability findings in testing and staging environments with deep familiarity with smart contract and blockchain technologies
Debugs and characterizes defects, providing detailed configuration and descriptions for passing and failing tests for product evaluation reports
Maintains documentation of test operations and reports results to engineering
Assists product development engineers in the diagnosis and replication of product failures
To view the full job description, click here!
UI/UX Designer
We are looking for a UI/UX Designer to turn our software into easy-to-use products for our clients. UI/UX Designer responsibilities include gathering user requirements, designing graphic elements and building navigation components. To be successful in this role, you should have experience with design software and wireframe tools. If you also have a portfolio of professional design projects that includes work with web/mobile applications, we’d like to meet you.
Ultimately, you’ll create both functional and appealing features that address our customers needs and help us grow our customer base.
Job Duties & Responsibilities
Gather and evaluate user requirements in collaboration with product managers and engineers
Illustrate design ideas using storyboards, process flows and sitemaps
Design graphic user interface elements, like menus, tabs and widgets
Build page navigation buttons and search fields
Develop UI mockups and prototypes that clearly illustrate how sites function and look like
Create original graphic designs (e.g. images, sketches and tables)
Prepare and present rough drafts to internal teams and key stakeholders
Identify and troubleshoot UX problems (e.g. responsiveness)
Conduct layout adjustments based on user feedback
Adhere to style standards on fonts, colors and images
To view the full job description, click here!
Utah Blockchain Coalition
SafeMoon supporter and prominent businessman Brandon Fugal tweeted, "Utah Blockchain Coalition is establishing the ecosystem to grow blockchain/Web3/DeFi technologies on a global scale. Proud to be a part of this effort making Utah THE location for innovation & adoption @TobinGardner@scottycoin@platerj @tafiJT@CptHodl@tronblack@UtahBlockchain"
SafeMoon x Mandala
An article was posted that covers all you'll need to know about the SafeMoon x Mandala partnership, answering questions about fees, reflections, SafeMoon Spin-Off and more!
Click here to read it now!
SafeMoon Standard
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SafeMoon Partner News
Click the image below to view SafeMoon Education's Partner Page where you can find our partner's most recent news.
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Swap Volume by Hydra
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The transcription team has done it again! Check out the timestamped transcript of this episode of MoonCast with Joe Reiben, CEO of Mandala, and Mendy Parker, COO of Grove Token.
SafeMoon Monthly Recap
So much that happens every month! Check out April's progress in the new SafeMoon Pulse!
April Captain's Log
Click here to read the full Captain's Log!
Upcoming Card Features
Sign-up for the Pre-launch waitlist here
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(current and planned products/listings)
SafeMoon Career Opportunities
There are job openings posted within the careers section on the SafeMoon Website. If you'd like to apply you may do so here until July 15th, 2022.
Pulse (Monthly SafeMoon Recap)
SafeMoon Education's Official Twitter
