- កាហ្វេហ្សីឡា, a detective of the internet, faces his most unthinkable adversary yet. Narrative of SafeMoon is so pathetic that it defies all logic.
- In a video posted by him on YouTube, កាហ្វេហ្សីឡា and a cluster of analysts did their best to determine exactly what happened.
- He explained the project as, it is more about developing the future and developing a safe future and bringing it now.
CoffeeZilla Goes Back To Inception OF SafeMoon
Regarding SafeMoon creator, CoffeeZilla says that, It turns out that it was a person who believed in Q. He goes by the name Kyle and there’s not much information available about him, other than he does not trust authorities and believes they are a handful of offenders.
នៅពេលដែលការនិទានរឿងរបស់ SafeMoon ត្រូវបានចាប់ផ្តើមពី Kyle គាត់បានសម្រេចចិត្តថាចូលទៅក្នុងនោះ។ cryptocurrency គឺជាមធ្យោបាយដ៏ល្អឥតខ្ចោះ ដើម្បីផ្តួចផ្តើមការចែកចាយឡើងវិញនូវទ្រព្យសម្បត្តិមួយចំនួន ត្រឡប់ទៅខ្លួនគាត់វិញ។
After failing in some projects, “Kyle discovered something known as Bee token” And decided to copy it. After making an investment in Bee Token, he liked that it had specific property to it.
A 5% tax on each transaction, which was then divided into a couple of parts. 3% was added back to LP 2% was dispersed to Bee holders, which just motivated folks not to sell.
After this, it was time to fork. He copied the code and released it himself, but with a handful of changes. He escalated taxes to 10%, and he changed the title to something a lot more eye-catchy. He titled it SafeMoon.
Journey Of SafeMoon To Become A $1B Organization
Folks could not resist the “commitment to secure, simple money,” so, SafeMoon was a success like some others. As per former SafeMoon moderator, The Ginger, Kyle had no idea that SafeMoon was gonna burst like it did. As per កាហ្វេហ្សីឡា, he was anticipating being in and out.
SafeMoon was selling hotcakes, and, in 2021 it rose to prominence. They had billboards across the country. They had the greatest influencers debating about them.
កាហ្វេហ្សីឡា has to elaborate the mechanism of SafeMoon protocol. He stated that each pool basically has a couple of distinct currencies and the point is to offer sellers and buyers a path to trade without regular market makers such as Wall Street has. In a LP the way it operates is the ratio of the couple of assets determines the value.
ជាចុងក្រោយ, កាហ្វេហ្សីឡា stated that leaders of the project asserted that rug pulls in SafeMoon were not possible as liquidity tax is locked. It turns out that, project that makers copied was in fact a fraud.
Source: https://www.thecoinrepublic.com/2022/05/13/safemoon-is-not-so-safe-coffeezilla-thinks-of-it-as-a-fraud/