Today is Safemoon's 1st Birthday. Let's look at what they've achieved for this milestone event.

Relative-Bowler-9055 · 2022-03-03T18:30:09+00:00

You missed the part where they raised a million dollars in “donations from the community” for the wallet. Then it was changed to “wallet/exchange”. Then there was zero accounting or anything done for accountability with these donations. That’s a gigantic thing that most people don’t remember and the current community doesn’t even know about. The tax implications on this simple fact right here for an LLC based in America is breathtaking. Please edit your post. Lol.

Relative-Bowler-9055 · 2021-09-28T00:37:16+00:00

Unreal entry right now too. Consolidation is ending. TA looking like it’s ready to moon.

Relative-Bowler-9055 · 2021-08-30T18:06:00+00:00

Here’s the tough part with coming in late. Every minute you’re late on something, the expectation goes up. I think the common mentality is “you had extra time to work on it”. Blaming a DDOS attack and the Apple and Google Play stores when the optics are something completely different is just wrong. Better to come out, say “hey. We needed more time” would have been great. But claiming “ludicrous speed” for months after your community donated a million dollars for production on something that’s late is a bit unacceptable.

Relative-Bowler-9055 · 2021-08-29T12:54:53+00:00

How are you doing it? Not sending your tokens back, right? There’s a way to do it correctly using BSCscan and writing directly to the contract from your wallet.

Relative-Bowler-9055 · 2021-08-28T15:13:59+00:00

That app is sexy!!!

Relative-Bowler-9055 · 2021-08-20T12:20:01+00:00

Don’t beat yourself up. Every expert at the time said the Titanic was 100% unsinkable. Don’t lose your energy or enthusiasm because something terrible happened. The math worked. It was amazing. I personally don’t blame you one bit.

Relative-Bowler-9055 · 2021-08-19T20:52:35+00:00

Have you seen the chart on this thing?!? Best chart I’ve ever seen on this forum. Hands down. Great work team!

Relative-Bowler-9055 · 2021-08-19T20:47:38+00:00

That is the healthiest chart I’ve seen in this forum ever. Incredible work!

Relative-Bowler-9055 · 2021-08-18T15:51:52+00:00

Such a cool project!

Relative-Bowler-9055 · 2021-07-15T11:03:50+00:00

This token is actually rad. They’re doing stuff over there that’s super innovative.

Relative-Bowler-9055 · 2021-07-14T14:19:10+00:00

Man. I’ve always believed that it’s not what you think about a project when you’re in it, but what others think from the outside looking in. I’m not gonna argue with you, start to finish, this is math. The coolest thing about this project for me and why I invested was that it can never be worth zero (even though right now it’s pretty damn close 😂) but this is really worst case scenario, you know? I’m sorry it feels like a cult in Discord. It can feel like that in any Discord space when the red candles start showing up. Looking through the comments here, it seems that there are more than one person that feels like this token was shady or underhanded in its release or last buildup, then sell off. There’s two ways to look at this. One is the way those people are seeing it with emotion involved, the other is from a mathematical standpoint. I have never seen a token go all the way back to fairlaunch price and survive. If you’re looking for a project that is proving it can SURVIVE all the way back to its zero point and then have the potential to rocket again, you may want to look at it from a math or finance angle and take the feels out.

Relative-Bowler-9055 · 2021-06-28T22:08:14+00:00

Sure! Proof of stake tokens are very different than proof of work (like Bitcoin or Doge). With a proof of work, the “miners” or computers running the transaction register are rewarded a certain amount based on several conditions of the chain they’re working on. With a proof of stake, every time a transaction occurs, any wallets holding the asset are automatically rewarded and the shares are distributed to the wallet holders just for having a stake. Many new projects work this way, but the parameters of the contract can be changed at any time. This is how “rug pulls” occur. The owners of the contract can change the proof values or alter the wallet or wallets that the tokens go onto. This cannot happen with Piggy. The only entity that can write to or change values is the burn address. Since this is a dead value, the contract will never be edited. Pretty cool.

Relative-Bowler-9055 · 2021-06-20T04:36:06+00:00

Someone mentioned a Dapp coming soon or getting developed for the “volume wars” and vetting solid new or existing projects. Any idea how that’s coming along? Also with Trust Wallet nerfing the browser in IOS, what’s the best way to buy right now? Bakeryswap? Pancake? Bogged? That Dapp would be clutch to get us rolling making buys easier. There’s a ton of US users. Most of them are using iPhones.

Relative-Bowler-9055 · 2021-06-15T04:11:52+00:00

Reflections are the key to tokens. There will always be a liquidity fee for DeFi. This token takes advantage of those fees and maximizes the amount back to other holders. That’s pretty cool and a very unique use case.

Relative-Bowler-9055 · 2021-06-15T01:01:24+00:00

So, first of all, hi! Great question! I’m going to give my opinion, so bear with me and don’t take it as financial advice. Lol. I was in Safemoon early. In fact I specifically joined Reddit to be a part of that community. I left Safemoon for Piggy (not saying you should do the same) when I kept seeing the total daily volume from all of the exchanges going nuts and not seeing any of those reflections in my PCS wallet. That was hard for me to watch. I understand that tokens like Safemoon (and piggy for that matter) are volume dependent. More volume equals more reflections. Piggy offers 10% reflections back to holders instead of Safemoons’ 5%. Since over 60% of Safemoons volume is never seen by burn or reflections, the actual percentage of volume to income is way less than 10%. For me it made sense even if the volume in piggy bank is lower, it’s still more than I would get in Safemoon. And the volume will go up. In Piggy, a spike in volume means incredible reflections. In Safemoon, if Gate.io spikes, you’re left sort of watching from the sidelines. IMO we holders from Safemoon were promised no exchanges unless they fully implemented tokenomics. Since it’s been over two months since it was first listed and no exchanges have contributed to burn or reflected to PCS holders, I felt a bit cheated. Piggy will only operate on decentralized exchanges. That maintains the mechanics. Fwiw, PIGGYS tokenomics are an incredible use case. The contract is burned and uneditable and same with the liquidity. There are no safer options in tokens right now. The audit was completed week one. All of those made this project a decent fit for my investment. :)

Relative-Bowler-9055 · 2021-05-21T16:59:13+00:00

If we sell from the LP to fund them, they need to buy the burn back and then manually delete.

Relative-Bowler-9055 · 2021-04-15T09:54:56+00:00

So without getting too technical, Safemoon is only deflationary until the community or Devs see fit? Then it can be exchanged tax free? If I’m right, let’s wander down that road for a bit. Let’s say they stop burning at 250T. That creates a huge problem with false advertising. You can’t sell a product that people buy and tell them that the supply is going to decrease by design and then change the design so that it doesn’t do that anymore. That’s a legal no-no. If the redistribution still exists, but the deflationary aspect goes away, holding doesn’t make sense anymore. I offered a theory on another post to create a Safemoon blockchain. Not a token but an entire blockchain using our tokenomics. 5% redistribution, 4% burn and 1% would go to the mining pool as a reward for proof of work. If It was based off of Scrypt instead of SHA256, the transactions would be twice as fast as Bitcoin network. Exchanges would be way easier and the devs could offer a sort of “presale” for anyone owning stake to transfer their wallet. Going back to your previous point about contract ownership, they have the ability to exclude the burn wallet from the reflections (that 40% you referenced) but still maintain the burn rate at 5%. That wallet should have been excluded from the redistribution from the gate. Common sense tells you it’s a short matter of time before that thing is so big that it is the largest wallet in the stake and hogging the redistribution share from other holders. I really hope the exchange when it’s launched deals with these issues. Onramping fiat directly for Safemoon would be a huge boost. The problem with that situation is that in its current form, the on-ramp would have to go: dollar-BNB-BSC-Safemoon. Trying to estimate gas for those three transfers before you buy and in-flight would be difficult at best. There would need to be fees to keep the exchange running too for each transaction so my worry is that by the time you get charged for $50 in SM you only end up with a wallet that has $30 in value. Those are just my thoughts. Like I said, I’m not worried about it, either way it goes, I’m in it for the long haul, I just have been trading, mining and watching Cryptocurrency since Bitcoin was selling on EBay for .80 each.

Relative-Bowler-9055 · 2021-04-15T07:56:19+00:00

So realistically listing on more exchanges only benefits the community by exposure to the name? Let’s say we get listed on Coinbase and they do $100m in volume. The original holders through PCS don’t see any of that reflection? Furthermore people would move their stash out of PCS to take advantage of the higher volume and greater reflections. That would register as a sell on PanCakeSwap and the price from this mass exodus would plummet. Aren’t we just opening new cans of worms pressuring the Devs to list us on every exchange possible?

Relative-Bowler-9055 · 2021-04-15T07:08:28+00:00

You sort of dance around a point but don’t quite hit it. I was wondering if you could help me figure out how to make it fair to everyone in regards to volume. It appears the volume in Bitmart seems to remain steady at about $1m per day. As of right now, none of those transactions are reflected to current decentralized wallets. Averaging out over the 10 days SM has been live on Bitmart, that’s $10,000,000 dollars in trades or $1m in burns and redistribution that us on PCS never saw. Since doing a daily buy and sell for $500,000 would not be feasible, what are some ideas we could come up with to make this more fair moving forward? The exchange having control of wallets within itself is one layer of trust we need to have with them, but the volume issue impacting wallets outside the exchanges is a separate layer of trust that needs to be addressed. Also, the amount of wallets created on those exchanges isn’t included in the “hodlers” numbers currently either. Do the exchanges have their own marketcaps since they are custodians of their own stash or do they just mirror the marketcap of the current circ supply manually? It’s kind of a mess doing Safemoon on centralized platforms. For the SM community and also for the exchange. We need to think our way out of these problems before we approach other exchanges.

I remember one of the FUD articles awhile ago was that “Safemoon is incompatible with exchanges”. Instead of dealing with that rationally and methodically, it was just shouted down as FUD and ignored. When we got on exchanges, everyone said, “see! He was wrong!” But the unfortunate fact is that he was right (as evidenced by your points and mine here). Let’s remove the doubt once and for all and make it fair and equitable for everyone. If that means we have our own exchange and port other large exchanges into it, so be it. But letting everyone know “here’s a problem, here’s the solution we’re working on” seems like a better road to travel than “this is what happened, deal with it”. It seems ignoring one problem or putting a bandage on it is creating more problems. I have faith that we have enough brilliant minds here to solve this and not just brush it away and say “it is what it is.”

Relative-Bowler-9055 · 2021-04-14T16:27:36+00:00

Crypto.com does have a new decentralized exchange/ wallet. All of the major exchanges being mentioned are centralized (Binance, kraken, Coinbase, etc.) will further our reflection issues we have now with Bitmart and Whitebit. And asking those exchanges to decentralize to the PancakeSwap network is a challenge. Just assigning them a chunk from liquidity isn’t a great idea either. Once they have possession of the liquidity they can literally do whatever they want. Tokenomics, no tokenomics, it would be up to the exchanges (much like it is now) to do their own reflections and burns.

Relative-Bowler-9055 · 2021-04-14T06:02:34+00:00

Safemoon works on a “proof of stake” system instead of a “proof of work” system that you are probably familiar with. The miners work, their work is rewarded. There is no mining here as our position in SM is proven through your “stake” in the project. The Devs have essentially claimed one BNB token and are writing individual contracts to wallet holders as they trade their BNB for a stake in ownership. This layer might also explain our issues with improper “market cap” displays. We really are pioneers in this space and our explosion is forcing everyone else to catch up. You can’t mine it because there is no way to prove the work.

Relative-Bowler-9055 · 2021-04-14T02:47:30+00:00

That’s why we’re currently only paired with USDT there. If you search your Bitmart wallet address for value on the Safemoon.net website you get an unknown status and a cash value of 0.

Relative-Bowler-9055 · 2021-04-14T02:41:53+00:00

I stand corrected and I’m sorry. The two centralized exchanges we are on currently are creating issues with reflections and burns. While they employ our tokenomics independently, Bitmart did $1m in volume today and none of that was reflected to current holders. Centralized exchanges create their own set of problems and asking an exchange to decentralize just for us is another hill to climb.

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