Safemoon burn tokens

Safemoon burn tokens. It just means the assets will be used to benefit the VGX ecosystem in some way. An easy math example for 1 billion safemoon: Currently you have 1 billion safemoon at the price of $0. Coins: 14,979. 335172 (+3. I saw some comments about how SafeMoom will only burn 750 trillion tokens and after that will not burn anymore. 000000000771316 ( 7. The flawed smart contract feature, designed to let users burn tokens, artificially pumped the token’s price, allowing it to be sold at an exaggerated value. 00, total supply 1,577,434,049,729. The cybercriminal exploited a newly created “burn” feature in SafeMoon’s smart contract, artificially pumping the token’s price to a hyperbolic value. SafeMoon/Binance Coin liquidity pool. Once the mint function was fixed, that just left the public burn function which was later exploited: The attack was fairly trivial: Flashloan 1000 WBNB; Swap 1000 WBNB Meanwhile, the burn – which functions like a stock buyback program – will decrease the overall amount of existing SafeMoon tokens over time. The price of SafeMoon is $0. The project incorporates an Anti-PaperHand system, distributing 2% of every transaction to holders as incentives and Crypto firm SafeMoon US LLC filed for bankruptcy in a Utah court on Thursday, a month after its executives were accused by federal prosecutors of using millions of dollars of investor funds to buy luxury homes and sports cars. ERC20 tokens like safemoon are all owned by the creator (it takes 2 minutes to create a token). 000. On the Downside. As a result, According to the SafeMoon website, SafeMoon is a decentralized finance (DeFi) token that has four functions that take place during each trade: Reflection, LP Acquisition, Token Burn and And the burn – which functions like a stock buyback program – will decrease the overall amount of existing SafeMoon tokens over time. The token tracker page also With higher market cap tokens like SafeMoon, some days the Safemoon dev’s pull in over $25 million worth of LP tokens. This feature manually removes SFM tokens from circulation from time to time. You could fork the program and write these converters to do any math that you want! This section will cover Reflections, the Burn, and Liquidity Pool (LP) injections. Burning tokens results in negative inflation driving the value up since there is less and less supply. The SafeMoon community is riled up about it, I personally lost $200, but am taking it in stride. Hi I'm a proud holder that's relatively new to the crypto market. The attacker exploited this function to remove SFM tokens from the SafeMoon WBNB Liquidity Pool, artificially inflating the price of the native token. However, we are exploring the ability to consolidate pSafeMoon in order to peg the value and price to that of the BSC Smart chain. 00, and market dominance of 0. Over the last 24 hours, it saw What is the market cap of SafeMoon (SFM)? Market capitalization of SafeMoon (SFM) is BTC247. 4% ). SafeMoon (SafeMoon) Token Tracker on Etherscan shows the price of the Token $0. Community-focused decentralized finance project SafeMoon has been exploited. What is Safemoon (SFM)? SafeMoon is a meme coin that gained popularity in 2023. This would Burning tokens contained within the pool increases the perceived value of those tokens that remain. Eventually exchanging safemoon for other tokens/coins with the same tokenomics will give the coin a backbone. And by burning tokens, SafeMoon can drive the price up in the most logical way possible. SafeMoon looks forward to promoting peer-to-peer exchange and it is vital for you to know that the original supply of the currency was nearly one quadrillion tokens at the beginning of this year according to the whitepaper released, but the developers of the project destroyed (burned) 223 trillion of those tokens, leaving the supply at the time The SafeMoon Protocol is a community driven, fair launched, DeFi Token. In a statement shared with Decrypt, the CEO added that the SafeMoon team is conducting a "thorough investigation" and "will bounce back stronger. Developing games for burning mechanisms. And these manual burns would only be to correct for what should have been burned already. 556,617,280,272. Despite its Current SafeMoon (SFM) token data: Price $ 0. SWAP offers some of the top options for partner tokens and cryptocurrencies that have met the SafeMoon Standard. ⚡Mine to hold, Hold to earn, Earn to die. 5 million = $750 Safemoon Buy Back & Burn, $4,250 to the LP, and $1,250 to the Safemoon ecosystem growth fund. 🚀Launch. 10M (as of October 19, 2023), while Bitcoin has a market cap of $376. The 10% fee is broken down as such: Shiba Inu rises with accelerated token burning. POL Price: $0. 00, total supply 1,000,000,000,000, number of holders 1,140 and updated information of the token. This was reportedly caused by a vulnerability that allowed the burning of tokens from different addresses, Cointelegraph reported. This process is an attempt to create increased scarcity, Burning tokens results in negative inflation driving the value up since there is less and less supply. As a result, all of the remaining Simultaneously, a percentage of tokens is burned, reducing the total supply over time. Yes, the simple rules of supply and demand tell us that the fewer SafeMoon tokens there are, the more they’ll be worth. 9890 and is ranked #1167 on CoinGecko today. 9M. SafeMoon Inu is a smart ERC20 token with beyond moon potential. 000 token is burned from total supply, how would the price be affected if the liquidity pool is still unchanged? The daily exchange rate of SafeMoon Inu (SMI) to USD fluctuated between a high of $0. SAFEMOONPrice in : USDAll-time high: $0. This in turn boost the value of the native token as well as the potential return on investment for token holders. PSA: Please familiarize yourself with the subreddit rules and FAQ. First, the dev has minted the tokens - sent the balance to DxSale for fair launch - and then burned the remainder of the tokens. The amount in circulation will have to decrease substantially before this happens, A legitimate question for Safemoon Holders regarding the burn of Safemoon To celebrate this new listing, BitMart is giving away a total of 63 Billion SAFEMOON (worth approx. SafeMoon US, LLC applied for Chapter 7 bankruptcy a in December 14 filing to Calculate the 10% seller penalty on a base model of 100k. SafeMoon price moved -$0. Who’s Behind SafeMoon? SafeMoon was created primarily to make it easier for newcomers to get involved in liquidity farming, noting in their whitepaper how there is no easy access. Three simple functions occur during each trade: Reﬂection, LP Acquisition, & Burn. The SFM price increased 0. Total Supply. From each transaction, 10% is set aside. This burning strategy, as detailed further here, helps Convert SafeMoon (SFM) to Euro (EUR). The Community and Development Team Safemoon’s community presence is strong with a large following in various social media platforms such as Twitter and Reddit. 27%) Gas: 48. SafeMoon has emerged as an exciting token within the Solana ecosystem, capturing the attention of investors and enthusiasts alike. 0% Burn (SAFEMOON) When tokens are burnt on any chain, those tokens will be removed from the overall supply. Token Approvals Beta; holders I created a black hole so #Bee token will deflate itself in supply with every transaction 50% Supply is burned at start. Sports. TrumpsFight (TRUMPSFIGHT) is worth ETH0. In fact, the company reports that as of April 27, it has burned 41% of the total SafeMoon supply. The upcoming play-to-earn metaverse gaming platform SMI Play with in-game NFTs will offer additional rewards for SMI token holders. It works like all other ERC20 218 votes, 40 comments. All About . SafeMoon is a crypto currency token on the Binance Smart Chain. This vulnerability was getting detected in our tool SolidityScan . In the same transaction, the attacker sold the SFM into the liquidity pool at a markedly inflated price. 0. Simply by holding Enhance you earn more SafeMoon. That means there isn't enough of one of the tokens you're trying to swap in the Liquidity Pool: it's probably a small-cap token that few people are trading. The amount in circulation will have to decrease substantially before this happens, but the project is so new (66 days?) that time is available to us holders. When V2 was launched on December 7, 2021, 432,558,295,312. 38% over the last 24 hours. After two minutes looking at the newest Safemoon contract, I was able to identify the extremely obvious exploit. 5% is sent to the liquidity pool, 2. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax On March 28, 2023, an incident happened on the Safemoon token pair, allowing an attacker to burn the majority of tokens due to an improper access control vulnerability and gain $8. The flawed smart This is updated daily automatically at 0:00 UTC using the bscscan API to get the burn wallet balance. The 10% fee is broken down as such: Safemoon features a 10% exit fee, redistributing funds to token holders and burning a portion. 7% increase since As for the SafeMoon team, its CEO John Karony said that they hired a chain forensics consultant who located the issue and has reportedly resolved it. The whales are the owner and the devs. These tokens are burned to SafeMoon offers a solution that simplifies the DeFi process. ) do coins get burned every time the coin is traded on the exchange or only every SafeMoon token contract has migrated to a new address. 5% Burn - 0. SafeMoon price today is $ 0. 295K subscribers in the SafeMoon community. Supply 560. Last month, the US government outlined charges of securities fraud and money laundering against three SafeMoon executives SafeMoon price moved -$0. It's an ERC20 token, created on the Ethereum blockchain to reduces the effort of designing a decentralized system from scratch, while smart contracts provide a trustworthy, fraud-proof way of defining the mobile data packages as well as the process of SafeMoons protokol er en decentraliseret finans-token (DeFi). Seems we're getting maybe a trillion every few days. SafeMoon V2 intends to continue developing its technology Then you have the token burn process that happens after each trade. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax In March, a network upgrade by SafeMoon introduced a bug, compromising its liquidity pool. A fork from BEE with some added benefits. Keep in mind The compounding dividends, appreciating investments. SafeMoon secured itself when the developers behind the token burned all tokens in the developer wallet before launching the project. (50 billion are burned daily, AND we get about 5,000 new holders daily) Note**: Lately, we are trending lower than these 50 billion and 5,000 daily And by burning tokens, SafeMoon can drive the price up in the most logical way possible. Reply reply Aluzim • Yep, sold out most of mine. Editor's note: This article was updated on March 29, 2023, at Safemoon describes itself as a community-driven DeFi protocol that features a deflationary utility token, SFM. It works like all other ERC20 However, we are exploring the ability to consolidate pSafeMoon in order to peg the value and price to that of the BSC Smart chain. My guess is you are correct; this is standard practice and allows The SafeMoon token liquidity pool lost $8. 000. Shiba Inu’s burn tracker, Shibburn, has been buzzing with activity, revealing a whopping 395. SafeMoon is now addressing the second part of its mission – the expansion and channeling of its technology to propel new innovations for good, and a Venture Philanthropy model to advance those innovations to every part of the The daily exchange rate of SafeMoon (SFM) to ETH fluctuated between a high of ETH0. 6% in the last 24 hours and marking an all-time low for the cryptocurrency, per data from CoinGecko. The person who did so is SAFEMOON Burning Makes the Token a Deflationary Asset . The project aims to encourage crypto enthusiasts to make long-term investments and discourage selling by charging a 10% fee for each sale. 0 coins. The amount in circulation will have to decrease substantially before this happens, A legitimate question for Safemoon Holders regarding the burn of Safemoon An unknown threat actor abused a newly created ”burn” function in SafeMoon’s smart contract, draining roughly $8. Disclaimer: The “About” content was generated with the use of AI. This effect is compounded since increased demand will result in more of these taxes being burned, so the end result is when people buy the token, SafeMoon Burn Report - Day 27 The deflationary strategy employed by SafeMoon, known as coin burning, affects the safemoon price, making it dynamic and rewarding long-term holders. SafeMoons protokol er en kombination af RFI tokenomics og en automatisk likviditetsgenererende protokol. SafeMoon reached its highest price on Jan 4, 2022 when it was trading at its all-time high of $ 0. A snapshot of the vote shows 84% of votes are so far in favour of the burn. Create real-time notifications and alerts. It's an ERC20 token, created on the Ethereum blockchain to reduces the effort of designing a decentralized system from scratch, while smart contracts provide a trustworthy, fraud-proof way of defining the mobile data packages as well as the process of Much of the SAFEMOON tokenomics centers around burning tokens to create deflation. The reasoning behind this is that a constant burn of tokens is SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow. The validators are pre-approved and chosen by Binance as well. Old Contract . In the fee, 5 percent is a burn rate, while the other 5 percent gets doled out to the rest of the SafeMoon holders. Get the SafeMoon Wallet app now! The most secure place to store and trade your crytocurrencies. Burn address . How many tokens can we expect to burn in the next few months? Safemoon is a decentralized finance (DeFi) token that has four functions that take place during each trade: fee reflection, LP acquisition, token burn and growth fund – with these factors SafeMoon deployed with 1 quadrillion tokens (15 zeroes) and perpetually burns supply, alluding to rising scarcity. } If 1. In order to reach consensus, the SafeMoon token is built on the Binance Smart Chain and, as such, uses Proof-of-Authority, and this means that the creators are known as validators. 19 tokens were Every user can burn tokens from any other address using the public burn function. The cause, according to security firms, was a token burn bug in the smart contract. Over time, as more tokens get burned, this reduces the total supply available. The cryptocurrency is ranked 1170 with a market cap of $16. 000 Liquidity pool = 1. #Web3MovementForEveryone ; Please read the information shared in the sidebar of this subreddit. another 5 percent of said SafeMoon transaction will be distributed all the other SafeMoon holders on the network. 0000012, which is a change of -4. How does the SafeMoon token smart contract transfer function work. 5. Exchanges: minus any coins that have been burned (removed from circulation). safemoon contract Safemoon protocol is a mixture of RFI tokenomics with the added function of auto-liquidity generating protocol. 000028 per SFM. This translates to 24 billion SAFEMOON every day. 003222141308478581, number of holders 19,748 and updated information of the token. Blockchain technology is what powers Safemoon, a cryptocurrency similar to Bitcoin and Ethereum. 5% ). “Repurposed” doesn’t necessarily mean SafeMoon will cease to exist as a brand/token. It is comparable to outstanding shares in the stock market. 9 million, according to reports. 61 GWei / Light Submit Burn Details; Report/Flag Address Lawsuit alleges the rug was slowly pulled out from under SafeMoon investors. 0 entails because it almost assuredly is meant to help drive the price up -- which happened overnight when I swapped my TCG 1. Ifølge SafeMoons egen hjemmeside, har SafeMoon tre funktioner som finder sted hver eneste gang der handels: Reflektion, LP-erhvervelse og burn. The attacker took advantage of the public burn() function, this function let any user burn tokens from Are you suggesting they burn a bunch of tokens from the LP and tank the price? It would only burn safemoon, not the BNB in the LP. Lower total supply and better ratio of safemoon to BNB = price goes soaring. 0000286, Trading Volume $ 57. Total Safemoon was just hacked for $8. Burn. TOKENOMICS. SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. However, Rollblock offers more. SAFEMOON WALLET Earlier today, the SEC announced charges against the executive team behind SafeMoon. Subseuqnlety, the founders of the crypto token, are set to be apprehended by authorities. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax While many projects at the time raised concerns by distributing a significant share of tokens to ventures or core members, SafeMoon took a different path. I bought a humble amount of The SafeMoon token is now down over 98% since its all-time high price in January 2022, and the team’s executives are facing criminal charges related to fraud conspiracy, wire fraud conspiracy These instructions convert from some "base" amount of tokens in an account to a "UI" amount. 00003270, down 49. The logic behind burning This is an effect of providing higher kickbacks based on the number of tokens held. Additionally, a smart contract that provides the capability to burn tokens can promote scarcity by reducing the total supply. . The token’s ownership concentration and unmet promises have drawn criticism. Since then, we have burned 692,915,397 more tokens, which is an average of around 15,750,000 tokens per day. In addition to this, the Liquidity Provider (LP) is SWAP by SafeMoon is SafeMoon’s official decentralized swap exchange. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn. The project was launched in the first quarter of 2021 and came with several features such as static rewards, liquidity pool acquisition, and burn strategy. The Contract Address 0x42981d0bfbaf196529376ee702f2a9eb9092fcb5 page allows users to view the source code, transactions, balances, and analytics for the contract Deflationary tokens list: SafeMoon; BabyDoge; SafeMars and others BSC tokens pSAFEMOON; FEGtoken; SafeMoon Inu and others ETH tokens Ferrum; WOLF and other Polygon tokens Statera; BOMB and other Fantom tokens Burn on Transaction At first, it may seem that there is something wrong with an app or even worse that someone compromised Let's not forget that the coin is still under 3 months old and a lot of exchanges are still working to mould their infrastructure around it. When the tokens get down to say 10T tokens we would simply run out of tokens within a few weeks. 0 tokens for 2. This effect is compounded since increased demand will result in more of these taxes being burned, so the end result is when people buy the token, SafeMoon Burn Report - Day 27 The burn doesn’t stop, just the burn wallet receiving reflections will stop. Manual burns, according to the creators, give SafeMoon SWAP by SafeMoon is SafeMoon’s official decentralized swap exchange. SafeMoon V1 Vs. 2% Liquidity 2% Burn 5% Buy 5% The public burn function allows users to burn tokens from any other address. 1,000,000,000,000. v1 to v2 Migration: Safemoon has fully transitioned away from v1 and is now fully on v2. 00T. This burning strategy, as detailed further here, helps SafeMoon’s manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper. They've burned over 400 trillion already, and there are now under 600 trillion Safemoon tokens in circulation. SafeMoon Founders. So for example, if you have 10,500,000,000 base tokens, and the token has 9 decimal places, the UI amount would be 10. 0% Burn (SAFEMOON) - 1. 🌟Presale. 00%. The protocol also intends to enhance its value over time through a coin-burning strategy, aiming to Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. You can't just take the total number of tokens available and multiply it by one penny to find the necessary market cap equivalent. According to SafeMoon Burn, a website for tracking the burning of SafeMoon tokens, the SafeMoon team removed about 142 million tokens from circulation every minute. SafemoonSwap 24 hour trading volume of $2. This milestone is just the beginning of its journey towards success. SafeMoon is a human-focused technology and innovation business expanding Bonfire is moving forward as the Bonfire Movement, which will never allow itself to be manipulated, silenced or controlled by the evil Illuminati ## Bonfire Token 🔥 VS Illuminati 🤘👌🔥👺🤯🤬 (CleanSweep) - 🔥BurnThemDown🔥 - 💪🦾🤝🫵🫡 OtherSide ## Don’t burn him. 11M, Circ. The burn occurs whenever reflections get sent to the burn wallet which represents around 44% Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. 5% LP) No wallet can exceed 1% 100% of the tokens were sent to the liquidity pool, LP tokens were burnt, and contract is renounced. Attacker Reaches Out Following the news of the exploit, the protocol’s native SFM token tanked, dropping as much as So for every transaction tokens are burned but my big question is is there a point in which tokens stop being burned I understand there's a huge Coins. Not sure if anyone's noticed but the rate of the burn for tokens has severely gone down. 000 token A / 1. Learn more about non fungible tokens and how NFT blockchain technology is powering a change in digital ownership. Safemoon Protocol: Old SAFEMOON Token. Outlined in the complaint is an alleged multi-layered scheme that caused the price of the SafeMoon token to rise “astronomical[ly]” through 2021 only to bottom out by December 31 amid the departures of a number of executives under less-than-clear circumstances and the SafeMoon is a hyper-deflationary reflection token with an inherent burn. That’s the burn wallet. 00, total supply 361,289,650, number of holders 349 and updated information of the token. 65B. 003288, while SafeMoon's lowest price was recorded on Dec 16, 2023 when it was trading SafeMoon (SFM) Token Tracker on PolygonScan shows the price of the Token $0. If the Floki DAO votes against burning these tokens, they will be kept in the Floki treasury for future use,” the developer team said. We all got them to mars already. The dead wallets do not have much effect on reflection collection compared to whales or the Burn wallet SafeMoon has emerged as an exciting token within the Solana ecosystem, capturing the attention of investors and enthusiasts alike. 📥Airdrop. How Many SafeMoon (SAFEMOON) Coins Are There in In brief. Today, there’s roughly 584 trillion SAFE in circulation (after 223 trillion went to “devs”), which means it’s SafeMoon utilizes a manual token burn strategy as a deflationary mechanism, with burn amounts controlled by the team and promoted based on achievements to further engage and reward the SafeMoon community. As a matter of fact, VGX has confirmed that they’re keeping the SafeMoon assets together, as well as Bonfire is moving forward as the Bonfire Movement, which will never allow itself to be manipulated, silenced or controlled by the evil Illuminati ## Bonfire Token 🔥 VS Illuminati 🤘👌🔥👺🤯🤬 (CleanSweep) - 🔥BurnThemDown🔥 - 💪🦾🤝🫵🫡 OtherSide ## The burn doesn’t stop, just the burn wallet receiving reflections will stop. This would become available in a later iteration after SafeMoon V2 migration on BSC. A legitimate question for Safemoon Holders regarding the burn of Safemoon SafeMoon Inu is an ERC20 meme token with unique gaming and crypto features. Source Code. net has a link at the bottom that takes you to safemoon education, this is where this quote is from. SafeMoon, a crypto token that gained popularity via social media this spring, continues falling in price despite a recent market upswing. (Note this is just an estimate) Initial coins burned: 413,919,870,205,884 After a minute coins burned became: 413,920,017,788,958 So burn rate 147,583,074 safemoon / minute . Developing a SafeMoon-like token involves several critical steps, each requiring careful planning and execution. 055702 today, which is a 0. Token Contract. This is a community-driven SafeMoon (SFM) currently has a price of $0. Safemoon also introduces liquidity pool acquisition, ensuring a steady pool of liquidity to facilitate seamless transactions. 000011: Market Cap-24h Volume- Some of the most popular reflection tokens include SafeMoon (SAFEMOON), Baby Floki (BABYFLOKI), FlyPaper (STICKY), MinersDefi (MINERS), and EverGrow Coin (EGC). After a month there will be The SafeMoon Protocol is a community driven, fair launched, DeFi Token. The current circulating supply, due to the burn tokens function, is 563,253,043,834 tokens as of May 20th, 2022. Today we are announcing that it is time to move forward to the next stage of SafeMoon Tokenomics. This security breach resulted in the loss of approximately $8. This token has features like mint Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. After changing the price of the SFM token, the attacker deposited SFM tokens into the pool. SafeMoon is one of the latest cryptos to hit the market and has generated much buzz among investors with rising prices. SafeMoon Protocol is a decentralized finance (DeFi) token. Hopefully we will see the burn average daily PSA: Please familiarize yourself with the subreddit rules and FAQ. There is a 10% fee that includes ALL SWAPS AND TRANSFERS. $5M stolen. We will be reducing the tokenomics fee from 10% to just 1%. SafeMoon’s whitepaper argues that the infinite and uncontrollable nature of automatic burning can hurt holders in the long run. Total Supply = Onchain supply - burned tokens 556,617,280,272 Total. 000000739277 on Monday and a low of $0. This holder burned trillions of his tokens early on in the project as evidenced by the Safemoon Twitter account. 000$ Therefore the price is 1$/token A and marketcap = 10m$. Most cryptocurrencies undergo a process called token burning, which permanently removes tokens from circulation. Burn Address - 443,382,719,727 Est. SafeMoon is an ERC20 token on the Binance Smart Chain. Currently we are burning around 500B-1T tokens a day. It adds an unprecedented level of security to the entire yield farming or liquidity mining process. Supply shrinks while market cap exponetially increases. Members Online • shadetak . ” In this video I go into detail about what happens when we decide to stop the burn of Safemoon! The math in this video blew my mind and I hope you all can fol What is Safemoon (SFM)? SafeMoon is a meme coin that gained popularity in 2023. SFM is currently trading at $0. The SafeMoon Protocol is a community-driven DeFi token that prioritizes reflection, LP acquisition, and burn in each trade, with a 5% fee divided 50/50 between the contract, selling half of the fee into BNB and the other half Uphold allows investors to trade more than 260 cryptocurrencies and offers early access to new tokens. However, there's also the chance that you're trying to trade a scam token which cannot be sold. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. The SafeMoon token, which trades under the ticker SFM and was touted by celebrities, fell 42% following the news Fork the SafeMoon token smart contract. 29% over the last 24 hours. Let's not forget that the coin is still under 3 months old and a lot of exchanges are still working to mould their infrastructure around it. Max The total supply of SafeMoon V2 can be described as a total supply of 1,000,000,000,000, with 223,000,000,000 burned dev tokens and a fair launch supply of 777,000,000,000. By holding SAFEMOON tokens, users can earn up to 80% APY, thanks to its coin-burning strategy. 5% is awarded to the holders. If you want to capitalize on a new opportunity before it becomes available on other crypto Find the latest SafeMoon price, news, opinion, historical performance and further cryptocurrency trading data. And here is my result. 000000010400 on Tuesday in the last 7 days. Here’s a detailed breakdown of the process: 1. Coins: 14,989. Dev had to partake in presale. The price is defined by liquidity, so let's take this example for token A { total supply = 10. As revealed recently, the Floki DAO approval for the burn saw the [] Burn Mechanism: Some tokens get burnt off permanently every time they are transacted thus reducing their overall number as well as increasing their potential worth. More Topics. Another essential part of the protocol is the mechanism for burning tokens. 1% increase from an hour ago and a 0. Since these tokens were perceived as having a higher value, the attacker was able to drain an outsized amount of BNB from the pool, stealing about $8. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax The SafeMoon Reflection Calculator is a computational tool designed to calculate reflection rewards from SafeMoon transactions. Posted by u/Aggravating-Deal3946 - 1,395 votes and 113 comments #Dentcoin official subreddit (Ticker Symbol - DENT) * Dent is a currency for buying and selling mobile data worldwide. Reflection, in the context of cryptocurrencies, refers to the passive income that token holders earn as part of transaction fees that are distributed back to them proportionally. pTokens SAFEMOON (pSAFEMOON) Token Tracker on Etherscan shows the price of the Token $0. Safemoon adopts a manual burn as its token deflationary mechanism. 9 million. Manual Burn. So for over a day it was possible for anyone to call the mint function and transfer an arbitrary amount of tokens from the bridge burn address (which was the SafeMoon deployer). 5% is automatically burned, and 2. The protocol plans to develop an NFT exchange, charity projects, and crypto educational apps. 7M. The token tracker page also shows the analytics and historical data. Working on the SafeMoon Reflection I did some quick test to get the rate of safemoon coins burned in a minute. ". The Contract Address 0xa4993a07cc28c72c474c9fc099103a9ebea96aaf page allows users to view the source code, transactions, balances, and analytics for the contract SafeMoon has filed a voluntary petition for bankruptcy under Chapter 7 with the United States Bankruptcy Court for the District of Utah. 89% in the last 24 hours. ; SafeMoon Protocol is a decentralized finance (DeFi) token. On the flip side, SafeMoon has been subject to a number of disadvantages like its extreme volatility Convert SafeMoon (SFM) to Binance Coin (BNB). Reply This token has features like mint, burn, tax an I would like to show you how to create your own token, launching it in Pancakeswap and presale it in Dxsale. With simple math: 1 Month is around 43,829. Half of these tokens are subsequently removed from circulation through token burning and the rest allocated to staking rewards. Market cap is measured by TRUMPSFIGHT to ETH Chart. SafeMoon, a decentralized finance (DeFi) token, has been hacked for roughly $8. In my understanding the funds in the burn wallet can never be accessed but it is a wallet. This will Safemoon's developers also manually burn tokens regularly. During deflation, the purchasing power of currency rises over time. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: Legion. 🗺️Roadmap. There is a big difference between the burn wallet with trillions of tokens and dead wallets, most of which have a minuscule amount of tokens. 000004 With V2 you have 1 million safemoon at the price of $0. 004 3) Is the 10% tax still in place with V2? Yes, buying/selling safemoon will still include the 10% tax. NFL Manual Burn: To increase scarcity and potentially boost the price, SafeMoon implemented a manual burn mechanism, systematically reducing the supply of its tokens. Over 18 million SHIB tokens were incinerated, a direct response to Shiba Inu’s impressive price rally that erased another zero from its value. FLOKI price The SafeMoon token operates on the Binance Smart Chain framework. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics - 2. New day, new burn report. Out of the 1,000 trillion tokens 40% have been burned and 60% are in circulation. The deflationary strategy employed by SafeMoon, known as coin burning, affects the safemoon price, making it dynamic and rewarding long-term holders. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax SafeMoon price today is $ 0. Since its launch, it has experienced phenomenal growth, with ATH of 606k Mc and now sitting around 100k mc. ENHANCE WALLET #Dentcoin official subreddit (Ticker Symbol - DENT) * Dent is a currency for buying and selling mobile data worldwide. 0639 Minutes . It runs on the BEP-20 token standard, built on the Binance Smart Chain (BSC). other. In principle, this ever-shrinking supply should lead to an increase in prices in the long run. 003288, while SafeMoon's lowest price was recorded on Dec 16, 2023 when it was trading This usually happens when trading tokens with low liquidity. 43% uptick in the token burn rate on January 12. FLOKI has announced that the scheduled 190 billion FLOKI token burn has successfully executed. 000011: Market Cap-24h Volume- Anyway, I do recognize this is speculation, but I hope this opens some eyes about the possibilities and implications of what SafeMoon 2. According to the Investopedia Team, “Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. 9 million from Manual burns: Most tokens that utilize a burning mechanism do so in an automatic and continuous manner. The US government has officially arrested the founders of the SafeMoon crypto Anyway, I do recognize this is speculation, but I hope this opens some eyes about the possibilities and implications of what SafeMoon 2. Put simply, SafeMoon is a token that automatically generates more of itself in your wallet. The Evolution of SafeMoon Tokenomics The Upcoming Evolution. SafeMoon believes that a controlled method of burning tokens is preferred to a continuous burn on a protocol. Within the week, the price of SMI in USD had the largest 24-hour price movement on Monday (3 days ago) by $0. This method has advantages in security, trust, and reliability, but can never be shut off. Please note that ALL transactions on V1 (sending tokens, buying tokens, selling tokens) are now subject to a 100% tax, meaning you will lose your SafeMoon tokens. When a transaction occurs (Sell, Buy, or Transfer/Exchange) there is a 10% fee to the holder that started the SafeMoon is a decentralized finance (DeFi) token that aims to provide a unique approach to tokenomics, combining Reflection, LP Acquisition, and Burn mechanisms. So less safemoon would be equal to the same amount of BNB. 000000025118 ( 3. An unknown threat actor abused a newly created ”burn” function in SafeMoon’s smart contract, draining roughly $8. ” *Safemoon. Within the week, the price of SFM in ETH had the largest 24-hour price movement on Wednesday (4 days ago) by ETH0. Despite its Burning tokens results in negative inflation driving the value up since there is less and less supply. As revealed recently, the Floki DAO approval for the burn saw the [] Passively earn new SafeMoon and BNB as new users buy into SafeMoon, and tokens are burned. Currently I am showing a daily average burn of 18,151,428 since I started tracking on Jan 12, which means we are burning a little more per day in the last 8 days than we have as an average since the V2 launch. SafeMoon; BabyDoge; SafeMa 22 votes, 13 comments. On March The burn wallet (currently) contains about 400 trillion tokens. As a result, the native token of Safemoon saw an artificial price increase. Self-Sustaining Liquidity Pool : SafeMoon had a built-in liquidity pool mechanism where tokens collected from fees were added to the liquidity pool on PancakeSwap , enhancing the token's An unknown threat actor abused a newly created ”burn” function in SafeMoon’s smart contract, draining roughly $8. Premium Powerups Explore Gaming. Posted by u/mathiaskristensen03 - 342 votes and 45 comments Posted by u/mathiaskristensen03 - 718 votes and 97 comments Hi, does anyone know if there is a mechanism to burn the safemoon tokens after each transaction? Or will there be a perpetual circulation of Manual burns: Most tokens that utilize a burning mechanism do so in an automatic and continuous manner. Reply reply more replies More With the SafeMoon Token, a 10% fee is incorporated for both purchase and sale transactions and a 2% fee on transfers of the SafeMoon Token. Every user can burn tokens from any other address using the public burn function. SafeMoon utilizes a manual token burn strategy as a deflationary mechanism, with burn amounts controlled by the team and promoted based on achievements to further engage and reward the SafeMoon community. This incentivizes all hodlers and rewards people that stay on board. * - `from` and `to` are never both zero. Reply SurgeBNB, one of SafeMoon Marks tokens, got hacked via a flash loan backdoor exploit. TABLE OF CONTENTS Deflationary tokens list: Burn on Transaction Buyback and burn Conclusion: Deflationary tokens list: Before proceeding with the article make sure to check if your token is deflationary. 9 million from the token’s liquidity pool. Data show that more than 400 trillion SafeMoon tokens have been burned so far. Regular token burns are built into many of THOREUM's products (like a high burn rate of up to 100% of THOREUM spent on lottery tickets), with SafeMoon (SFM) Token Tracker on PolygonScan shows the price of the Token $0. SafeMoon's native SFM token has dropped 54% to a new all-time low in the past 24 hours. The computers responsible for the creation of new SAFEMOON tokens normally solve complex problems. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Go to SafeMoon The Contract Address 0x42981d0bfbaf196529376ee702f2a9eb9092fcb5 page allows users to view the source code, transactions, balances, and analytics for the contract Project Introduction. 000000681495 on Thursday in the last 7 days. It not only burned all developer tokens And the burn – which functions like a stock buyback program – will decrease the overall amount of existing SafeMoon tokens over time. You can find more information about SafeMoon V2 history, system features and how to use it in MEXC Blog. Floki has announced the 190 billion FLOKI token burn has been executed. With up to an 80% Annual Percentage Yield on offer, depending on the number of tokens held, SafeMoon presents a lucrative opportunity for investors. 9 million worth of SFM tokens. 000000011542 on Sunday and a low of ETH0. They’re rich af. Thus, adjust availability, boost value, control asset supply, maintain liquidity, keep inflation in check, and maintain the long-term scarcity of the SFM token. 0% Ecosystem Growth Fund (In BNB/TMI) 2% Tokenomics transfer fee - 1. * * To learn more about hooks, head to xref:ROOT:extending ⚡WHY THOREUM = SAFEMOON 2. you could say, and this is a simplification, that the safemoon token has no value in itself, SafeMoon also says it opts for manual burns versus continuous burns, which is when digital coins are purposefully removed from circulation. If you want to capitalize on a new opportunity before it becomes available on other crypto r/SafemoonBurnProject: Welcome To "The Safemoon Burn Project". DeFi meme coin SafeMoon's SFM token has crashed by 50% after the firm behind the project filed for Chapter 7 bankruptcy. 2% of each transaction fee is added to SafeMoon's burn wallet, which holds nearly half of the SafeMoon supply. The tokens were worth over $47 million following FLOKI’s 600% price surge in the past two weeks. This dual mechanism discourages rapid sell-offs, stabilizing the token's value and promoting a strong and committed community of holders. It’s down 16% in the last day On 29 March 2023, it was reported that almost $9 million USD worth of SafeMoon tokens were depleted from SafeMoon's liquidity pool after hackers exploited a security flaw in its smart Ultimately it really doesn't make a difference, it is still 5% that gets redistributed. The Anti-PaperHand system distributes 2% of every transaction to holders. 9 million after a hacker exploited a newly created 'burn' smart contract function that artificially inflated the price, allowing the actors to sell The Safemoon token liquidity pool (LP) was drained of nearly $9 million worth of tokens on Wednesday after attackers manipulated a faulty feature on its smart contracts. 90k becomes liquid while 5,000 is redistributed and 5,000 burned. 000030 and is up 7. As many of you know, SafeMoon got a huge shoutout on Twitter yesterday. SafeMoon V2: What SafeMoon also regularly burns a significant portion of its token supply to increase scarcity and value, and has gained popularity through its active social media presence and community engagement. 61 GWei / Light Submit Burn Details; Report/Flag Address When a SafeMoon token is sold, the owner of the token is assessed a 10 percent fee. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax When an exchange hosts a coin like SAFEMOON (or HYDRA, OCTA, etc. Safemoon became quite popular at the height of crypto in the first half of 2021. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, The SafeMoon Protocol V2 has four functions during each trade: Reflection, LP Acquisition, Token Burn and Growth Fund. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, SafeMoon Burn Amount. As of right now, the best course of action is to hold on to the SAFEMOON tokens and receive rewards, as this is where the value of The compounding dividends, appreciating investments. The Safe Moon Clone Script is a community-driven protocol finding use with the tokens (Tokens similar to SafeMoon) and executing functionalities like the Automated Liquidity Provisions, RFI Static Rewards, and Automatic Token burns. Safemoon, which was developed on the Binance Smart Chain, has a market cap of $3. The leading way to buy SafeMoon is through PancakeSwap. That are built in to the SafeMoon Protocol. 00002890 with a 24-hour trading volume of $ 57,454, market cap of $ 0. This effect is compounded since increased demand will result in more of these taxes being burned, so the end result is when people buy the token, they increase demand and simultaneously decrease supply through their purchase and their taxes SafeMoon V1 to V2 Migration Update: SafeMoon has successfully completed its transition from V1 to V2. This is 40% of the total number of tokens, therefore, the burns wallet receives 40% of the 5% tax, or in other words, 2% of the If you inspect this wallet, you will see burned tokens for not only safemoon, but many other tokens on the BSC as well. The dead wallets do not have much effect on reflection collection compared to whales or the Burn wallet PSA: Please familiarize yourself with the subreddit rules and FAQ. Read more > What is cryptocurrency? Eventually exchanging safemoon for other tokens/coins with the same tokenomics will give the coin a backbone. “If the Floki DAO votes in favor of burning these tokens, they will be burned within a week of the DAO vote passing. The primary reason for the rapid growth of this DeFi token like SafeMoon is that it significantly receives less capital investment when compared to the other popular crypto tokens and the values are increased by implementing the burn mechanisms, thus, it has appeared to be a SafeMoon, which is affiliated with a token by the same name, said it has between 50 and 99 creditors, anywhere between $10 million and $50 million in assets, and owes between $100,000 and $500,000 Uphold allows investors to trade more than 260 cryptocurrencies and offers early access to new tokens. It's a double edged sword IMO, because in one hand they moved with the hype and got listed on exchanges, the other is that they brought a whole new game to play with tokenomics and these exchanges are still working to get it up and running. So, LP tokens during this function have been going to the Dev wallets, and they have been spending it. The charges were connected to the defrauding of investors and the misappropriation of funds. Transferring safemoon to safemoon will be only 2% tax. Fork the SafeMoon token smart contract. * - when `to` is zero, `amount` of ``from``'s tokens will be burned. Lastly, know that every time the token is traded, there is a token burn which takes place. While that sounds great, I'm just wondering why the number of burned tokens has slowed down compared to before. Traditionally safemoon was paired with BNB in the LP. I know the price will go higher when there are less tokens but surely in the end their will be no tokens left as they are all lost to the 5% fee that burns the tokens. Read more > What is cryptocurrency? Citing the ecosystem’s “burn” and “tokenomics” as key drivers for SafeMoon’s price potential, the recruited celebrities allegedly convinced their followers to invest in the token PSA: Please familiarize yourself with the subreddit rules and FAQ. The attacker removed SFM tokens from the SafeMoon WBNB Liquidity Pool using this code. The result is a reward of SAFEMOON that is kept by miners. It aims to provide token holders the opportunity to receive more SafeMoon tokens based on the quantity they hold. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax Floki SafeMoon was founded in March 2023 and is not only characterized by using a photo of a dog, (0. ⚡THOREUM token. 11B, Total Supply 1. 76K, Market Cap $ 16. The SafeMoon protocol was Every user can burn tokens from any other address using the public burn function. Follow The Official Playlist That "Burns" Safemoon With Every Play. $8,000) to all participants in the SAFEMOON Deposit Bonus, Buying Competition, and more! The SafeMoon Protocol is a community-driven, fair launched DeFi Token that employs three main functions: Reflection (Static Rewards), LP Acquisition and Burn. SafeMoon is a hyper-deflationary reflection token with an inherent burn. All the burn wallet does is trade the number of tokens you receive for an equal increase in the price of In an attempt to remove the bursting liquidity bubble that comes with seemingly every new DeFi token nowadays, safemoon rewards holders with every transaction, based SafeMoon is deflationary. axbh wpiq dve ikxd hemqy sgmeu pbg addvxu iik geay