SafeMoon Soars 108% After Airdrop and New Token Post
Safemoon’s power token SFM soars at the Asian conference on Wednesday. It follows reports that the Web 3 platform plans to revitalize its community by offering new tokens to existing holders.
Recently, Safemoon revealed plans in Solana Blockchain, trillions of tokens spread across Ethereum, polygons and binary smart chains.
SFM Soars in Safemoon Airdrop and new token release plan
Beincrypto reported on Safemoon Transition to full community control And plans to launch a meme coins based on Solana for its holders. The network is designed to simplify supply and increase value.
The new strategy involves gradually touting tokens to existing holders, preventing immediate sell-offs and ensuring sustainable growth. The announcement has soared Safemoon’s governance token SFM by 108%.
“This will not be a direct gas disk. The token will be along curve For a period of time,” Safemoon Explained.
The announcement is a response to concerns raised by community members. Popular user Cosmo on X questioned whether air conditioning would lead to a sell-off, undermining efforts to attract new investors.
“The legal question: When they exchange the dead, you are breathing old investors with new tokens. Wouldn’t that lead to a dump? How does this attract new investors?” User ask In the post.
Safemoon solves these issues by ensuring that a step-by-step release strategy will reduce immediate sales pressure. They believe that long-term holders who demonstrate resilience through challenging times will continue to support the project. Specifically, expect these holders not to “activate” their Breath of air.
“The best way to bring more people into the community is to give them it to them in a place that is easier to exchange and more meme-oriented. This is Solana,” Safemoon added.
The transition of the project follows significant challenges including Legal issues In 2022. Now, under ownership of the VGX Foundation, Safemoon is entirely controlled by the community. Safemoon aims to create an active ecosystem without traditional roadmap or centralized control in its community-driven approach to embrace the power of meme culture.
The new token will be exchanged through the VGX wallet, Inject liquidity into the ecosystem And revitalize the community. The enthusiasm of the community is obvious as the surge in value signals of 108% enhances confidence in the future of the project.
Nevertheless, the team also warned users Potential scams During this transition period. Safemoon also clarified that the official contract for the new token has not been made public.
“Wow, ‘Safemoon’s support’ must have hired the entire army overnight… Oh wait, they’re all liars. If you see a reply or get a DM, that’s a trap,” read warn.
especially, Safemoon’s strategic choice launched on Solana takes advantage of its With the center of the model culture And user-friendly environment. It believes this will attract new users and revitalize existing communities.
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