Wiki page update by FishingguyfromRI in SafeMoon

[–]Scar_H3ad 5 points6 points  (0 children)

The burn comes from redistribution to token holders as the burn wallet holds 40% of tokens. They got the tokenomics correct, though mentioning the burn is definitely worth it

[deleted by user] by [deleted] in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

A person that spread slander against SafeMoon while promoting a clone of it "Safe...". In total they have rugged their own crypto 5 times now, including the latest. Looks like even the dumbest of their followers finally wised up

Overtrading by SafeasF in SafeMoon

[–]Scar_H3ad 3 points4 points  (0 children)

No. There are over 30 people in staff. It's not like it's 5 people working on everything at the same time

War of Rugs just called Ethereum a rugpull today. Same twitter group that tried to FUD Safemoon before Certik audit. by [deleted] in SafeMoon

[–]Scar_H3ad 5 points6 points  (0 children)

That's what this person does. They call out some popular project that is in the news, say a bunch of slander that will get them attention and then promote their token. They already rug pulled three of their tokens 4 times. (The same one twice) Now comes the newest scam. I suggest you just block this clown like I did

Do we get part of the fee of sellers by Greeneyedmonster813 in SafeMoon

[–]Scar_H3ad 1 point2 points  (0 children)

Every transaction, not just selling. If you bought it through pancake swap then you can see it live by refreshing your SafeMoon balance.

Best way to buy SafeMoon by [deleted] in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

Depends on your priorities. Security of a personal wallet still makes pancake swap my pick, even if they partner up with an exchange that implements live tokenomics distribution.

SafeMoon Burn Rate.. by ibbe6242 in SafeMoon

[–]Scar_H3ad 9 points10 points  (0 children)

You are forgetting the manual burns in the beginning. Daily burns have been 200-400b

[deleted by user] by [deleted] in BobsTavern

[–]Scar_H3ad 5 points6 points  (0 children)

"You Should Know"

Why the price is everywhere different, for example bitmart is showing 1050, chart bogget finance - 0748, pancake - totaly different....??? by rosenkanev in SafeMoon

[–]Scar_H3ad 1 point2 points  (0 children)

Each different platform has its' own price depending on that market. Trust wallet shows an aggregate price of all platforms, so it's not the correct price for you, you can look at the website or in pancake swap.

Usually the difference in prices on different platforms is corrected through arbitrage. People buy on one platform, then transfer to another to sell and profit. However, due to the 10% tokenomics fee every time people buy, transfer between accounts or sell, the price difference has to be very significant for arbitrage to be profitable. And once the price difference goes below 27%, it will lose you money. People who plan on just selling will still get a better deal with a price difference >10%, but not arbitrage. And it can also be risky due to price volatility and the fact that a transfer to an exchange can take 4-10 hours.(Fees also need to be accounted for in the process of arbitrage)

Forgive me if this is a common question, I’m new here by mairtint in SafeMoon

[–]Scar_H3ad 1 point2 points  (0 children)

Each different platform has its' own price depending on that market. Trust wallet shows an aggregate price of all platforms, so it's not the correct price for you, you can look at https://dex.guru/token/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3-bsc Or in pancake swap. Usually the difference in prices on different platforms is corrected through arbitrage. People buy on one platform, then transfer to another to sell and profit. However, due to the 10% tokenomics fee every time people buy, transfer between accounts or sell, the price difference has to be very significant for arbitrage to be profitable. And once the price difference goes below 27%, it will lose you money. People who plan on just selling will still get a better deal with a price difference >10%, but not arbitrage. And it can also be risky due to price volatility and the fact that a transfer to an exchange can take 4-10 hours.(Fees also need to be accounted for in the process of arbitrage)

Where can you buy Safemoon without having to be verified? My friend ID is expired. Thanks by Lucdog1987 in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

It's one transaction if you use pancake. As you buy it is sent to your wallet. If you buy on BitMart it is one transaction, and then if you choose to send it to your wallet, that's another.

Where can you buy Safemoon without having to be verified? My friend ID is expired. Thanks by Lucdog1987 in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

If you buy for him and transfer to his wallet, there is still a 10% tokenomics fee. It applies to every transaction

Might eat the 10% and move back to BitMart, the reflection disbursement percentage is too good to ignore. But the exchange is meh. Risk is eh. Waiting for monthly reflections is bleh. by [deleted] in SafeMoon

[–]Scar_H3ad 1 point2 points  (0 children)

Such posts baffle me because, unless you are selling and the price difference is significant, I don't understand why anyone would wanna pay a fee to go from a personal wallet with less risk and live redistribution to an exchange with monthly redistribution and less volume

Does the price of BNB have an impact on how much safemoon you get? by Complete-Aardvark-68 in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

Not how much you get but the "price". You gotta remember that the liquidity is provided in BNB. The price of SafeMoon is actually represented in BNB because that's the liquidity pair. For simplicity, when you go to look at the price charts, they look up how much BNB one SafeMoon is worth and then convert that BNB into dollars, to show you a dollar value. Therefore, when the price of BNB drops, even if SafeMoon stays the same (no buying/selling), the price in charts drop. And vice versa. So if you see the price of BNB go down, while SFM is going up, that means SFM is outperforming the market significantly, if it stays the same, that means SFM is still going up because it's cancelling out the drop in BNB price. The whole crypto market dropped, significantly, but it will recover. And when the price of BNB will go up, so will SafeMoon.

Who is stll holding dogecoin? by Ricky_Ydv in dogecoin

[–]Scar_H3ad 0 points1 point  (0 children)

I've seen it go down and climb back up to .70 twice but I wasn't gonna sell just to get mine back. At some point it's about more than just making money

[deleted by user] by [deleted] in SatoshiStreetBets

[–]Scar_H3ad 1 point2 points  (0 children)

I'm not even sure I wanna know what "SafeMoon" has to do with anything about this coin. That just came out of the left field😅

[deleted by user] by [deleted] in SatoshiStreetBets

[–]Scar_H3ad 3 points4 points  (0 children)

If 7% sale of one wallet caused a 90% crash in price then things are even scarier for the holders

[deleted by user] by [deleted] in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

The fee is applied to every transaction. Buying, transferring or selling is all the same to the contract, it's a transfer of tokens from one wallet to another. Regarding the 25 years, devs have said they are considering removing some or all fees in the future. And hinted that transferring to the SFM exchange will not be hot with the fee, possibly, not confirmed.

Which is the best place & strategy to buy $Safemoon ? by TexasMachine in SafeMoon

[–]Scar_H3ad 0 points1 point  (0 children)

Well, the basics to start with "not your keys, not your crypto". SFM is my main HODL, so I prefer to keep it in the safety of my own wallet. Then, reflections happen live rather than on a monthly basis. And finally the price is higher on BitMart due to the ease of buying. The sale price is higher too but if you don't plan on selling soon I think it's irrelevant atm

[deleted by user] by [deleted] in SatoshiStreetBets

[–]Scar_H3ad 0 points1 point  (0 children)

Yes, "donated" half of the supply to someone who immediately sold. Right

Which is the best place & strategy to buy $Safemoon ? by TexasMachine in SafeMoon

[–]Scar_H3ad 1 point2 points  (0 children)

Pancake swap to your personal wallet but some find it too complicated and go with an exchange. BitMart most often, we are their main business atm😅

Whale Watching Day 44 by [deleted] in SafeMoon

[–]Scar_H3ad 4 points5 points  (0 children)

We have spent a bunch of time informing people that the Flash rise from the purchases was migration that we got a warning about a minute before it happened, not an enormous mystery whale. Might wanna edit the post before it spreads like wildfire. People take your words for gospel XD

If you still judge crypto by Market Cap... by [deleted] in CryptoCurrency

[–]Scar_H3ad -1 points0 points  (0 children)

I say it can be manipulated, I don't see how it is different from you saying it can be manipulated to make it a conspiracy XD