1/28/2024 0 Comments Safemoon binance listing acceptedNewsweek has contacted SafeMoon for comment.Ĭrypto security organization the Certik Foundation is conducting an audit of SafeMoon and "working closely" with the cryptocurrency to improve its security. Meanwhile, Laith Khalaf, financial analyst at the AJ Bell investment platform, told the Daily Express of SafeMoon "You're simply reliant on someone further down the line being willing to pay more than you did to turn a profit, which is a risky bet indeed." "This led to Bitconnect completely shutting down its exchange for BCC, eliminating the market for the cryptocurrency and stranding investors with near-worthless cryptocurrency." securities regulators issued a warning to investors "of the Ponzi-type nature of Bitconnect," the FBI later wrote. For most of the token's life the only place to buy it was on an exchange operated by Bitconnect itself. SafeMoon is no different."īitconnect was a cryptocurrency token and organization that guaranteed investors a return on their investment of up to 10 percent every month. Then it rug-pulled and everyone lost big time. The people making money did not want to accept it was a ponzi, they made every excuse to justify it, and attacked anyone who stated the obvious. Lark Davis, a cryptocurrency investor, analyst, and YouTuber, is critical of SafeMoon and has likened it to the Bitconnect scam that left its investors stranded with worthless cryptocurrency tokens.ĭavis said on Twitter: "Bitconnect was for a brief moment a top 10 crypto. It works by penalizing sellers with a 10 percent transaction fee five percent of which gets redistributed to those who still hold the cryptocurrency.Įxperts spoke to Newsweek last week about the risks associated with cryptocurrency trading including their price volatility. SafeMoon is still a new token that has fans excited and critics wary. Meanwhile, the token's CEO John Karony referred to the team's cryptic and deliberately misspelled "Project Pheonix" in a weekend Q&A session, but gave little detail: "So SafeMoon is going to be the fuel for the freedom of the unbanked." By trading volume, these are Binance, Huobi Global, and Coinbase. SafeMoon's development team last week announced listings on the Mandala and MXC cryptocurrency exchanges, but so far the token has not been listed on any of the top three major exchanges. As Dogecoin, SafeMoon Cryptos Gain Attention, Experts Warn of Risk.Dogecoin 'Millionaire' Who Risked Savings Didn't Cash Out Before Price Fall.Elon Musk Tweets 'Hodl' Crypto Slang Amid Price Volatility.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |