Safemoon is a deflationary community driven Defi token that rewards investors, paying about 5% of transaction fees to holders.Ĭertik, a blockchain security agency that monitors protocols and projects gave Safemoon an 88 security score after her code was audited in May 2021, although there are still pending issues yet to be resolved. Safemoon was rolled out in march 2021 with John karony as its founder and other team members. Safemoon came to limelight between march and April 2021 when its price skyrocked by 20,000% after the project was backed by celebrity musicians, although the price have dropped considerably since then. ![]() Safemoon is a cryptocurrency that operates on the Binance smart chain network and her products consists of safemoon wallets, Safemoon V2 and the yet to be launched Exchange and hardware wallet. Safemoon have officially ended support for V1 and holders of V1 tokens are encouraged to swap their tokens to V2. The objective of consolidation is to reduce the numbers without affecting the value of the tokens. ![]() Safemoon upgraded her contract from V1 to V2 in December 2021, the contract which consists of 1000:1 consolidation implies that holders of 1000 Safemoon V1 tokens will be consolidated as 1 Safemoon V2 token and of course without any loss in the value of their tokens.
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