Crypto Project Safemoon said it will launch Mimikoen on Solana. The team behind the project announced the update on X on Valentine’s Day, indicating that it represents the project’s transfer.
There mailThe Safemoon team said that the shift to Memecoin is part of the decentralization effort that puts the project to society. By becoming a mechanical, there will be no expectations or road map, and societal feelings will lead the fully distinctive symbol.
The team has chosen Solana as a new base because the network is synonymous for Memecoins and the best place for Safemoon Memecoin planned.
He said:
“Solana is the home of all themes, and Blockchain where culture is flourishing. If Safemoon will rise to the level of its real potential as a pure meme that is driven by society, there will be no better place for that.”
Meanwhile, the project indicated that choosing the Memecoin path means that Safemoon will not have a central team or benefit. However, he added that a community can still build on Safemoon as they wish and integrate the distinctive symbol in all the ways they want.
The past Safemoon last
It seems that the switch from the original Safeemoon track is an attempt by the new team behind the project to save it from Oblivion. It was one of the most important encryption projects in the 2021 bull race, when the market ceiling amounted to $ 17 billion.
However, its SFM code has become value since then, with the maximum market about $ 20 million. His collision was due to many stock exchanges that shattered the distinguished symbol after reports that its founders were manipulating his price and assumed that the closed money was assumed.
In 2023, the Ministry of Justice accused its executive team of fraud, accusing them of withdrawing more than 200 million dollars to the closed project funds for use to achieve personal gains. The US Securities and Stock Exchange Committee (SEC) also accused the team of violating the Securities Law, and described its symbol in SFM as unregistered security.
The original team behind Safemoon applied for bankruptcy in late 2023, and the VGX Foundation got the project. VGX Foundation She claims to revive the project and ensure that society can build something new.
Memecoin’s launch delay so SFM V2 holders can switch their own symbols
Meanwhile, the launch of Safemoon Memecoin is now delayed because the team did not issue Memecoin. According to a teamThe contract address has not been announced because it is still working to ensure that the SFM V2 exchange is fully automated when it is broadcast.
Part of his plan to move Memecoin is to allow SFM V2 holders to switch distinctive symbols 1: 1 for a microen. However, it has been recognized that the exchange technology still needs some works.
the a team He also explained that he could not wander in Memecoin to SFM V2 holders because the V2 contract is on the BSC network. As for the bearers with SFM V1 symbols, the project indicated that it will come to them later.
Since Memecoin has not been issued, Safemoon Users have warned that any Safemoon it finds on a fake Solana and is likely to have a fraud.
He said:
“And let us be clear: the contract is not a year later. If you buy” Safemoon “on Solana (or anywhere else) at the present time, you are deceived. Wait for us to drop the official contract address. Don’t get Rekt. ⚠”
Meanwhile, the Safemoon team burned SFM 2.2 trillion on ETHEREUM, Binance Smart and Polygon Networks.
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