Cryptocurrency Q&A
What happened to SafeMoon V1?
What happened to SafeMoon V1?
Andrea
Fri Jun 21 2024
|
5 answers
1004
So, what exactly transpired with SafeMoon V1? The project seemed to gain significant traction and popularity in the crypto community, yet suddenly there were rumors of its demise. Was it a scam? Did the developers abandon the project? Or were there legitimate technical issues that necessitated a shift to SafeMoon V2? The community seems divided on the matter, with some claiming it was a calculated move to enhance the project, while others are concerned about the potential loss of value for their SafeMoon V1 tokens. Clarifying the situation would be of utmost importance for both investors and enthusiasts alike.
5 answers
SkyWalkerEcho
Sun Jun 23 2024
In May 2021, the V1 version of the token underwent a rigorous audit conducted by the renowned security auditing firm, CertiK.
Was this helpful?
305
28
CharmedWhisper
Sun Jun 23 2024
The audit revealed a significant concern regarding the project's ownership structure. Specifically, it was identified that the project's owners had "control over tokens funded by SafeMoon's seller fee."
Was this helpful?
332
22
DigitalLord
Sun Jun 23 2024
This control was exercised through an owner address that acquired the liquidity pool tokens generated by the Safemoon-BNB pool. This arrangement raised questions about the decentralization and transparency of the token.
Was this helpful?
104
99
CosmicDream
Sat Jun 22 2024
The audit findings highlighted the need for further scrutiny and consideration of the token's governance structure. It called for measures to ensure that token holders have a voice and that ownership is not concentrated in the hands of a few.
Was this helpful?
168
60
Federica
Sat Jun 22 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive range of services for its users. These include spot trading, futures trading, and secure wallet solutions.
Was this helpful?
95
36
