Safemoon reddit

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Marker assigned to oversee the case. The memecoin is down A letter allegedly written by the firm's chief restructuring officer surfaced on Reddit, explaining that the bankruptcy filing was the reason behind the company's inability to pay employee wages. The document advised employees to file a claim with the bankruptcy court for their unpaid wages. The regulator described the company's operations as a "massive fraudulent scheme. Numerous former supporters of SafeMoon expressed frustration on Reddit, alleging that they were deceived by the company's developers. Some users claimed to have suffered financial losses and urged others to seek help and avoid further investment.

Safemoon reddit

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Marker assigned to oversee the case. FTSE 7, Disclaimer: This page may contain affiliate links.

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A new type of cryptocurrency called SafeMoon is gathering interest amongst enthusiasts, search trends show. Little is known about the cryptocurrency so far, though developers have held live Ask Me Anything AMA meetings to answer some questions. Launched this month, SafeMoon claims it will reward people who buy and hold on to the cryptocurrency and issue a penalty to those who sell it on. Its Facebook page states: "Remember, getting to the moon takes time and the longer you hold the more tokens you pick up. Going "to the moon" is a phrase popularized in recent times by the WallStreetBets community on Reddit , who use it in reference to an asset price soaring. The mechanism by which SafeMoon rewards participants involves issuing a 10 percent penalty tax fee on sellers and redistributing five percent of this to people who already own the currency. One Reddit user claimed a whitepaper—a report that highlights the features of a product such as a cryptocurrency—is available on the website, but others said they had trouble accessing it.

Safemoon reddit

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. SafeMoon is a troubled cryptocurrency facing multiple class-action lawsuits. It offers a unique structure that encourages people to hold, rather than sell, which was originally intended to make it a safer, more profitable investment. But its value plummeted following revelations of false statements from the company, which have been the focus of legal complaints.

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Alternatively, use the dedicated exchange rate converter page. Crude Oil Silver Discover the latest crypto insights, news and trading analysis with CoinMarketCap Alexandria. Do you own this project? The regulator described the company's operations as a "massive fraudulent scheme. Show full width. SafeMoon V2 news. Numerous former supporters of SafeMoon expressed frustration on Reddit, alleging that they were deceived by the company's developers. Halving: 39D. Ethereum: 0xe SafeMoon V1 migrated to SafeMoon V2 in december with the same original supply, consolidated at a ratio. Price performance 24h. Marker assigned to oversee the case. CMC Crypto

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Show full width. Network information. Community Feeds Topics Lives Articles. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency. FTSE 7, Some users claimed to have suffered financial losses and urged others to seek help and avoid further investment. SafeMoon V2 news. Who Are the Founders of SafeMoon? 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 world. Disclaimer: This page may contain affiliate links. The current CoinMarketCap ranking is , with a live market cap of not available. Russell 2,