Other Coins - Price & Trading topic

And it is gone:


Privacy. Security. Freedom

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Safemoon sounds like a pyramid scheme to me. It encourages new entrants to push the price up and punishes those who sell, by redistributing some of their coins to other holders.

I’m not sure what it’s purpose is, other than getting enough mugs to buy in, to allow others to sell out at a profit. It doesn’t seem to have any other use case and the punishments would make it an awful currency too.

How this coin ended up being essentially advertised in national press is shameful.

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Getting listed is also an interesting thing :wink: Many questions

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A complete scam coin and unfortunate they had safe in their title. 95 percent of all coins will be looking like that chart soon imo.

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Their coinmarketcap watchers is 600k too. MAID has 11k. Even filecoin only has 100k.

All very fishy.

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Sounds like a bot-army to me.

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Only a surprise for those living under the boot of Omni protocol where getting anything listed anywhere is an expensive security nightmare. SafeMoon is (was?) a BEP-20 token, Binance Smart Chain BSC. Binance have been using their power, influence and cash to compete with Ethereum/ERC20. The main 5.5 billion dollar DEX it was listed on is Pancakeswap, a literal Uniswap clone (code, comments and all). Anyone can get listed there to tap those liquidity pools.

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Hey @krnelson,

you know I’m in support of the ERC20 token. In my opinion, David has already understood how the situation with decentralized exchanges has changed in the last year and sees the advantages in them.

My thought is that it is tempting to speak the same thing again and again because we know it is the right way.

At the same time, there is no point in rubbing it again and again. Anything in time, let’s wait for the things to stabilize with the tests, anyway this will probably bring in new capable people to the community and MaidSafe may not have to do anything.


Privacy. Security. Freedom

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I wrote that not to rub anything in that was not my intent sorry if it came across that way David. I was just addressing why surprise is not really warranted. Major DEXs pick up tokens all the time, CEXs follow their lead. I know David and team are working too hard to see far out into the rest of the decentralised space so I was providing information.

This I do not agree. With every new testnet we are closer to launch and that means the urgency for enabling access to everyone is that much higher. See points I just posted here for more.

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No harm. …

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Beware of SH*T coins like Safemoon, Elongate, safemars, safegalaxy, safe whatever. (self.CryptoCurrency)
Looks like it was not just Safemoon.

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I somehow missed the whole tax debacle that caused this massive dump across all markets.
Dumbfounded that a single person can cause so much carnage on a global scale. Wtf

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iv missed it as well whats going on ?

Even worse it’s highly unlikely he can even get it passed. Just fools being fools

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Biden wants to dbl capital gains tax to 43.4% and there is a dodgy rumor that Yellen wants to tax crypto at 80%

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Even if he does, it’s probably months if not much longer.

Too many senators in positions to commit political suicide for it to stick

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Whole things a trash heap rn. All crypto losing dollar value while the dollar also dumps. We’ll all be rebounding soon. The long awaited first touch of the 21 weekly ema in this bull market will soon be upon us.

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:joy:

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