SafeMoonWallet Launch Fails on Liftoff

The highly anticipated application crashed moments after release, sparking outrage among many users.

By
Utulu Hope
on
August 29, 2021
Category:
BSC News

The Wait Is Over?

SafeMoon has released its highly anticipated application, SafeMoonWallet. The community-driven project has long teased the application’s launch, which stirred a massive frenzy on Twitter. However, the application hit a snag. 

SafeMoon announced the release of the application on August 28th at 4 PM UTC via Twitter. Surprisingly, the launch was short-lived as the tweet was followed up with a cryptic update, announcing SafeMoonWallet’s crash. 

“YOU’VE CRASHED #SAFEMOON THERES NO OTHER WAY TO SAY IT. WE WILL UPDATE YOU AS SOON AS POSSIBLE. WE CAN’T WAIT TO HAVE YOU ALL HOME SOON,” tweeted SafeMoon, moments after launching SafeMoonWallet. 

Presently, the SafeMoon website still has a call to action for users to download the application on IOS or Android, but the application is unavailable on both platforms. 

Source

Users Express Disbelief

Despite the huge Twitter frenzy incited by the application’s release, some users dropped comments on Twitter to blast the protocol’s latest shortcoming. 

A Twitter user, Kevin, expressed his doubt about the SafeMoon team through Twitter on 28th August, claiming that the crash claim sounds unrealistic. 

“This is the first time I’m starting to doubt the Safemoon team,” he continued. “First of all the launch on the Google Play Store and App store of the wallet is not going to crash neither of those even if the entire European continent tried to download the app on the same second.” 

Other users also replied to SafeMoonWallet collapse Tweet, showing disappointment in the protocol’s failure, particularly in the bearish run of its native $SAFEMOON token. 

Source

Nonetheless, SafeMoon needs to act fast to regain users' trust amidst the current situation. With this in mind, BSC.News will keep you updated with whatever happens in the coming days. 

What is SafeMoon? 

The SafeMoon protocol is community-driven with a fairly launched Decentralized Finance (DeFi) token. Three functions occur during each trade: Reflection, Liquidity pool (LP) acquisition, and Burn. 

SafeMoon is an altcoin: A blockchain-based digital currency. It launched in March 2021 and racked up over 2 million followers, including 1 million Twitter followers. 

The protocol has a unique feature: It charges a 10% fee to anyone who sells their tokens. SafeMoon owners get 5% of the fees, ensuring that holders of SAFEMOON are rewarded, and selling is disincentivized. 

Follow SafeMoon’s Socials:

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

Tags:
Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer. He hodls mostly in Ethereum, BNB, and, Avax.

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