Safemoon Confirms 700,000 Wallet Users and Several V2 Updates

The execs from Safemoon held a solid round table to give users critical updates coming at the end of 2021 and into 2022.

By
Kyle Heise
on
November 16, 2021
Category:
BSC News

SafeMoon Sunday Vibes

The Safemoon Wallet has reached an all-time high of 700,000 users in 60 days this past week. New wallet features are on the way to support multi-wallet features and up to 24 seed-phrases. The Safemoon community can also get hyped as the V2 system update is also close to releasing.

During the weekly Safemoon Sunday AMA on Twitter Spaces, the exec team gave a series of updates to the Safemoon Community. Safemoon has one of the top contracts across Binance Smart Chain, and the AMA touched on many ways in which the Safemoon contract is built for the future. 

“What we have done with V2, since we are consolidating tokens, is add more features that allow us to work with other, bigger companies, which allows us to make better partnerships,” said Ryan Arriaga, Global Head of Products. “If you launch a smart contract and you don’t think of that one, big company [...] and if you are thinking ahead, you want your smart contract to be flexible enough so you can work out a partnership with such a company.”

As always, the Safemoon Sunday AMA answered several questions from the community on various social media, including Twitter and Facebook. Notably, the Safemoon AMA expanded on several new forms of utility for the Safemoon token, including e-commerce and other future unknowns. 

“Safemoon is always planning for the stuff that we can’t predict,” said CEO John Karony. “With contingency plans and everything that we build, we have the ability to meet those unknown unknowns and be adapt and overcome any situation that arises. Again, we’re always looking ahead.”

Safemoon, far and away from the protocol with the most holders on Binance Smart Chain, and continues to maintain huge popularity. Many fans and community members expressed deep faith in the project. The Safemoon token trades at $0.000003455, down 75% from its all-time high in Spring 2021. The market cap is a healthy $2 Billion USD, down from a high of $6 Billion.


What is SafeMoon?

SafeMoon is a new altcoin launched in March 2021. It runs on the Binance Smart Chain and is a Decentralized Finance (DeFi) community-driven protocol. This protocol slightly differs from other protocols when a transaction takes place. Three functions will occur, reflection, liquidity pool (LP) acquisition, and burn. It also charges 10% fees to anyone that sells their tokens, and other owners get 5% of the fees. This is SafeMoon’s method of encouraging holders to hodl and disincentivizing sellers from selling.   

To find out more about SafeMoon, the following links are available: 

Website | Twitter | Instagram | GitHub | Discord | Telegram | Reddit 

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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