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SafeMoon Sunday (Oct 31st, 2021)

Updated: Dec 2, 2022

John Karony - CEO, Ryan Arriaga - Global Head of Product

and Thomas Smith - former Chief of Blockchain

 

Highlights

• Over 500k SafeMoon wallet users in less than 50 days

• New SafeMoon wallet update with reflections tracker, charts, and SWaP pairs (SHIB-ETH, AAVE-ETH and LINK-ETH)! Today's update is for Android only but iOS will come soon!

• The ability to hold BTC and Doge is coming in the next update. BTC and Doge SWaP pairs will come later on.

24-word seed phrase imports and multiple wallets in the next update!

• SafeMoon now has a very clear path for the regulatory items for the exchange.

• SafeMoon Exchange is looking to be integrated into the wallet as ONE app!

• There is an exchange that the team is finalizing agreements with for listing, and they have a second one, "quickly in the wing, in the background".

DarkMoon: It’s where they work on the products (Where Macro IoT lives)

• Partnership with UniCrypt

Google Chrome wallet extension: Not in the immediate pipeline but something coming in the future

• “We've got a lot of great innovations coming down the line, especially in the macro IoT space" - John

• Because of competition, the team hasn’t fully agreed on how they are going to handle the roadmap so that they can protect their IP but also give the SafeMoon Army information • The team can’t really give any timeline for the blockchain but they’re still looking at December.

 

Introduction

John: We’ll go ahead and kick it off. Alright, I’m John the CEO of SafeMoon. We’ll be having Ryan and we should be having Thomas joining us here shortly as well. We’ll be talking about the new wallet update and the wallet, briefly go over what DarkMoon is, talk about some wind turbines because everyone’s wondering about that, and then discuss exchange progress and take it from there. First off, I want to congratulate all the new members of the SafeMoon Army. Congratulations, we grew by over 100,000 new holders. Now why is that important ? Well, the SafeMoon Army has an obligation to educate everyone about cryptocurrency and blockchain in general. Blockchain should be as common knowledge as movie references or brands of potato chips.

Alright, hey Ryan.


Ryan: I am here guys! Twitter needs to make it a little easier. I send the request like 20 times and I think you guys don’t get it on your end or there’s some kind of lag but, man, so excited to be here John. Let’s kick this off.


J: Awesome. So Ryan, go ahead and introduce yourself. We have 100k new people so go ahead and introduce yourself and what you do at SafeMoon.


R: Absolutely, so I'm Ryan Arriaga. I am the Global Head of Products here at SafeMoon. So all of the new exciting products that we are launching, chances are I am either in charge of that or I touch it at some level. So - John brought me on not too long ago. I'd say - what is that, three months already?


J: Three months.


R: We’re having fun, huh?


J: Yeah. Wallet out and, well, do you want to say it? You know, I'll just say right now - over 500,000 users on the SafeMoon Wallet in under 50 days since release.


R: Amazing.


J: Other companies - it usually takes them at least a year if not more. We did that in 50 days and this is just the beginning. So, you know, to all the fudders out there, I laugh in Android and iOS wallet. 500,000 downloads. Millions of volume through the SWaP. Like I can go on and on about the achievement but -


R: Yeah and I think that a lot of people don't understand the Web 3 dynamic because I think that when people think “Oh, it's just an app.” No, no. When you mix Web 3, which is more of an emerging tech, into what we're doing and we did that in the amount of time that we did that, it speaks volume to what we're doing here at SafeMoon. So really excited. I mean, we're going to keep pushing forward obviously. And as a matter of fact, John, you know what we should do?


J: What should we do?


R: Something a little different today.


J: What are you thinking?


R: I'm thinking we should just go ahead and launch the Android update right now. As a matter of fact, I'm going to go ahead and send a push notification to the over 200,000 users that we have for Android, and I just click the button and we just went live. So now everybody who is listening to this SafeMoon Sunday, you're going to be the first to know before this push notification goes out, that you now will have the option to download the newest Android app and have the long awaited reflections tracker that everybody has been waiting for, with charts and new SWaP pairs, and that's going to be going live on Android in the next about a few minutes.


J: Fantastic, I'm excited.


R: I just sent the push notification to over 200,000 users and they're all going to get that right now and it's probably gonna start hitting their phones. So iOS (inaudible). So once that's out there, going to be pushing that.


J: Awesome man. Just so everyone knows, the new SWaP pairs, these are just the first of many on SWaP – is SHIB-ETH, AAVE-ETH and LINK-ETH. So these will be ETH pairings And then BSC will quickly follow. So for those who don't know, BSC is Binance Smart Chain, Ethereum is Ethereum Chain. These are two different blockchains with different consensus algorithms, et cetera. So I - for those who are new to cryptocurrency, I recommend you look up the difference between the two. Also, speaking of education, look up “on chain” and “off chain transactions as well. That should be a good little read. There's a lot of YouTube videos out there, and if you need , hop into the discord and there's thousands of people who are more than happy to help educate you.


And then Ryan, correct me if I'm wrong. We've got BTC and Doge coming up as well.


R: Yep, we're going to be working on that on the next update, so people will start being able to hold Doge and BTC in their app as well as some other features that we're going to be working on. Do you want to talk about those as well?


J: Yeah, yeah so. We’re adding the 24-word imports and then multiple wallets on the next update.


R: Exactly. So we heard a lot of stuff from the community. Everybody's been chiming in and they love the ability to import their 12-word seed phrase. But people are like, “Well, what about my 24-word seed phrase?” We're thinking, you know what? Let's go ahead and add a feature where people can have an option to also import their 24-word seed phrase. So we're not just doing 12, we’re also going to do 24-word. And John, we’re also going to be doing multiple wallets because everybody said that they wanted multiple wallets on the Twitter poll. We gotta listen to the community, so we're doing that as well. After this update goes out, the very next thing we're going to be doing is multiple wallets, import your 12 or 24-word seed phrase, and Bitcoin and Doge holdings. And some other features, but we'll announce those as they come.


J: We will talk about those later. Alright. Kind of diving in, a lot of people have been asking about the exchange and you know my response is always that it's not - from the technical aspect it is not hard. Like, doing off chain transactions is just basically a piece of paper, you know, with extra steps. Matching buys and sells in an order book.

But the hard part is the regulatory side, and I'm proud to announce that we now have a very clear and very set forth path for those regulatory items that we have to check off. And while that's being done, Ryan and his team and the exchange team will be building up the tech side, so great progress has been made. But that deserves its own moment. We'll talk about that in a future SafeMoon Sunday.


One of the questions I actually got regarding the exchange was is it going to be a separate application or is it going to be tight into the wallet? Well, Ryan, you know I've been discussing this. Ideally we’s just tie it into the wallet as a separate tab. But you know, we have to work through the regulatory because it even comes down to how you separate the code and everything else in regards to the regulation. And realise, we're not just doing this for the United States were also doing this for all of our international jurisdictions as well. We’re working hard. We’ll let you know when we have more information.


But Ryan, correct me if I’m wrong. The actual exchange part is easy.


R: The actual exchange part that we're working on, aside from the regulatory stuff because that's always like waiting on a third party time ten, right? So the the actual exchange part, the technical side, we’re very excited with the progress that we've had and obviously we're not going to any timelines yet but I think we're getting closer to the point, John, where maybe the next AMA or an AMA after that possibly we can possibly, we can actually start maybe talking about soft timelines for that because we're actually making great progress.


J: Oh yeah, I'm excited. Fantastic progress has been made, you know, just talked to the team yesterday about it and it's great. I'm excited. You know, kind of little side note. Funny joke, I was watching Blade last night. Happy Halloween or belated Halloween to everyone and there was an individual in there. They're like, “Oh you're human”. He's like “No, I'm not. I'm a lawyer”. So little lawyer joke right there. Anyway. *laughs*


We’re dealing with lawyers right now, so that's what we have to work through.

So yeah, the exchange is well underway. We're excited about the progress there. Ryan’s working on his stuff and when we have more information, we’ll push that out.

So a lot of people have been asking me about Dark Moon. So what is Dark Moon? Well, Dark Moon’s basically where - all the crazy stuff that we work on, we work on it there because, you know, there's IP involved and other stuff. And then as soon as it's ready, for public release and public consumption, then it comes to what I call the Light Side of the Moon. But we've got a lot of great stuff. Now people are asking “What do you work on in Dark Moon?” The hints are all there. You know, how many times do I talk about macro IoT.


Yeah, so we can go into the like - how blockchain can tie into energy grid telecommunications and the efficiency that can be created there. And there's no industry that couldn't benefit from blockchain integration. Anywhere from tracking produce, from the point of dirt where it came out of all the way to the supermarket in five different foreign countries.


Imagine an NFT assigned to each one of those batches and it gets tracked every single time. As soon as it hits the truck, as soon as it hits X, as soon as it touches the supermarket, you scan the QR code like, “Oh! This is where it was grown. This is, from the time of picking to the grocery store, you can see the exact date. I could go on and on about -


R: Yeah, every transaction verifiable via blockchain and allowing the ledger to provide transparency of that check-in, of that event, and of “That shipment arrived at this area and this person boom scanned in at this time at this date”.


Boom. Everything verifiable through blockchain. And when people are listening to this, like wrap your head around all of the things that - transferring from the traditional system to the blockchain system and having a verifiable and transparent system, that's where the thought process needs to go.


J: Yeah, that's going to be a lot of education at that we need to push out when that's ready for release and everything.


So we got Thomas up here. Welcome Thomas!


R: Is that Papa? Welcome, Thomas. Yeah, it's the wizard.


Thomas: Some technical difficulties. My bad. As it turns out, there's a special link for inviting and joining the space normally does not help.


J: Yeah, well, when you're sifting through thousands, you know it's easier just to invite, but -


Yeah, Thomas, I'm sure you'd back me up about how there is no industry that can't benefit from blockchain technology. You know what I mean?


T: As of now, no. It's almost too late to not be considering the watching strategy heard for any business so -


Yeah, I see it all over real estate right now. Massive pushes over there. Traditional financial tools are getting an overhaul. You’ll see large waves of these old money investors getting involved now. It’s very exciting.


J: Ohh yeah. Blockchain, I believe personally and I’m sure, Thomas, you do as well, and Ryan, that blockchain is the future or at least a system like blockchain. You know, whatever the next innovation is. So, that kind of ties us into a little bit of the next thing. Thomas, SafeMoon blockchain, you know? We talked about DLS or Distributed Ledger Systems and how those can work in conjunction with blockchain. You want to go into that a little bit?


T: These ledger systems, the nodes, each individual full wallet holder is in the network or typically in a blockchain network where every single node is comprised of everybody’s balances together, you share them together. And you validate blocks together. That's how the network is formed. So this is where you see decentralized governance come into play. Some other very interesting features of this encryption so.

Yes, that's pretty much what that is. All of the nodes together comprise a very large collection of balances.


J: Yeah, it's a network of networks all speaking with each other, so you know, there's some great stuff that Thomas is working on right now in the background. You know, a lot of architecting, a lot of testing, a lot of processing. I'm sure you've seen his uh - what do you call it, Big Bertha or whatever?


T: Oh, the server. Honestly, I don't have a nickname for it yet. Bertha sounds pretty cool. I was thinking of The Gibson. I might invite attack though *laughs*


But the server, our first cluster is open and it's three blades. These are the best commercially available blades. We can do high volume data processing with it. I'm going to be providing a lot of very interesting tools along the way post-blockchain.


So a lot of that stuff you'll see pop out of Dark Moon. I don't want to expose too much yet.


J: Yeah, we don't talk about that yet. Ryan, we’ve got a lot of partnerships to include - all i will say this, there is an exchange that we’re finalizing agreements with for listing and then we have a second one quickly in the wing, in the background.


And then Ryan, you know, we've been working with UniCrypt quite a bit and I just have to say they're fantastic to work with, you know. A lot of folks right now are trying to use other services for launching their own projects etcetera, but UniCrypt, honestly, in my personal opinion, is the way to go.


They're open innovation and, this isn’t really an advertisement, I just want to give a shoutout to a great partner that we've been working with this entire time, from the initial locking to migrations to whatever else that we need… They are a great partner so -


R: And that's why we were so confident about talking about the partnership and also confident about being on the tail end of our migration and getting closer to consolidation, because we were working with UniCrypt. And everything that they were doing for us and helping us with, I mean, it's very comprehensive. It's very tedious work. You know, it's very meticulous. But they're helping us do it right and they're helping us make sure that it's very secure. There's talk out there like, “Well, is it safe? Is it going to be secure? Is it going to be done right?” Yes, we’ve partnered with great company that is helping us do exactly that so that whenever the migration is completed and the consolidation starts we're going to be in great hands, guys. So that's why (inaudible) great partnerships.


J: Yeah, they're a fantastic partner. We’re very selective with who we work with. You know, there's a lot of noise out there sometimes regarding other projects or whatever, or they say, “Oh, we're associated with SafeMoon.” Listen, if it doesn't come from our main Twitter, come from me, come from Ryan, you know, from the team... especially not the main Twitter, that partnership hasn't happened yet. You know, Thomas, I and Ryan. I've run into this a lot where people will DM us and be like, “Hey, look at this thing I’m working on,” and a literal phrase, and Thomas, you’ve experienced this, is like “oh, that’s cool” gets blown up into SafeMoon is now partnering with us. You know, us thinking something is cool doesn't mean that there's going to be a partnership there, so just want to provide a little clarification for you know those who are new and those who have been part of the SafeMoon Army for a while now.


T: Yeah, but if I have a conversation with you, if you're running a project, the last thing that we want to see you do is start, you know, with the screenshots and the posting before we're ready with our media cycle to be talking about that, it's a great way to end those conversations. Entirely.


J: Yeah. Um, let's open it up to the floor now. Get people talking. Let's have a discussion. So. Just waiting on the host to get a few people up on stage.

Again, I want to - for those of you who are just joining, yes, I am in an airport. I have to go to a lot of meetings all over the place. Busy day in the life of John. But if you hear anything in the background, I am in an airport so, apologize for that.

So. Alright, first speaker! How's it going?

 

Questions from the Community

SafeMoon Tom: Hello.

J: Hey.


R: Hello.


Tom: Yo, this is - how many people here. How's it going, guys? I just wanted to say I'm privileged to be on here. I just wanted to ask about the wallet. Is there going to be a Windows version available? Is it solely just going to be on phones?

J: And we are looking into a desktop version right now, but Ryan, if you want to go a little bit more into that.


R: Yeah, So what we're looking at is if we do any kind of desktop, it would actually be a Chrome, so it would be a Chrome plugin or a Chrome app that you can install onto your Chrome browser and then use it within other browsers. So that's what we're looking at. We've actually already had those talks, but we want to make sure that all the technology that we have on the app is secure and ready to rock and roll before we start. Actually extending that to other browsers and other means of accessibility, but that's definitely on our radar and something that we've discussed already.


Obviously with that. There's other products and, not going to talk about what they are, but there’s other products that we're going to have, that are also going to be functioning within the Web 3 space.


And so having that plug in as well is going to be a lot easier for people to connect our wallet with those products as well. So, that's just in addition to what I was saying about us already having those discussions. So we're thinking about how we're going to do it, but that's not right now in the immediate pipeline, but it will be something that we're going to be exploring here pretty soon.


Tom: Alright, cool. That’s literally the only question I had, but thanks for having me on.


J: Yeah, and you know, we're always looking at ways to improve quality, accessibility and security.


And so that's a conversation we have all the time internally with the team. Why does, you know, whatever provide a more accessible, higher quality and more secure experience for the SafeMoon Army.


R: Yeah, and I'll tell you, a chrome extension will be a lot easier to build than web3 on Swift for iOS or Java, so I'm pretty excited about that.


J: We've got Watcher Guru on. How are you doing today?


Watcher Guru: Hey, how's it going? First of all, I'd like to say Happy Halloween from the team and I and then second of all I have a question.


Could we be seeing the SafeMoon Wallet be integrated into Google Chrome extensions in the new future? I'm not sure if that's been asked before, but that's what we have for you today.

T: Hey, I could probably hit that one really quick. I love Chrome extensions. I think what Ryan was just talking about was exactly that.


It'll be webkit compatible, like the stuff you build for Google Chrome will likely also work like Safari and Firefox and Brave. They use the same kind of extension mechanism.


Watcher: Perfect guys.


R: Yeah Brave is actually Google Chrome. It's just rebranded. It’s the same browser.


Watcher: Great to know because I know that a lot of crypto people tend to use their laptops or PC most of the time. So with introducing a Chrome extension we will expand the growth and the people we can reach. So thank you for answering the question and have a good day.


R: Yeah, thank you.


Watcher: Welcome.


J: All right, Rojas.


Rojas: Hey, how are you guys doing today?


T: Great.


J: Not too bad.


R: Great, how are you doing?


Rojas: I'm sorry, I'm in the car wash right now. I don't know if you guys can hear all that noise. I'm about to be - give me 30 seconds. I’m about to be done here, okay?


J: Alright, well, then uh, while you're going through the car wash we’ll go ahead and pass it off to Mr.Crypto.


MrCryptoTechNik: Hey guys. I have two questions.


First of all, on the SafeMoon Wallet, very happy to see the Buy Button. Any plans on a fiat off ramp in the near future?

J: That involves a lot of regulatory items and we have to talk to our partners regarding that. Ideally, yes, a fiat off ramp would be ideal, but again that comes down to a multi-jurisdictional, not only just in the United States, from state to state, but also internationally. Rules in Switzerland are different from the rules in the UK, and each one has a different regulatory body. So yes, we would love as many features as we can put into the wallet. However, that specific one does come down to what the regulations are, depending on the jurisdiction.


MrCrypto:

Will you guys release it per jurisdiction as you do have compliance or will it be like -

J: As I said before, we'll explore that when we're through the regulatory process in regards to the fiat off ramp.


MrCrypto:

And the second question, Ryan, AMA you gave kind of a soft timeline for consolidation as weeks not months. So are we still on schedule? Any update on that yet?

R: We are still on schedule. So in the AMA I said within a month. Last AMA was two weeks ago, so we're actually on the tail end of it. We're getting very close. Our whole partnership with UniCrypt is what's basically putting us in ludicrous speed right now. So it's allowing us to finish everything much faster, but also making sure that we’re not rushing anything, that we're doing it right. So yeah, we're getting very close to this last very, very last part of it. And once this is done, then we can start consolidating, meaning we can start rolling out the SWaP feature that will allow us to, or at least the users to consolidate their V1 to V2. We are very close and this has taken months, by the way, so when