SafeMoon Up 50% with Solana Migration and DAO Governance
As the project’s tokens are moved to Solana It’s about to be completed. The developers have been burning a lot of SFM tokens and announced gradual airdrops.
In addition, the key point of the Safemoon hub is the huge changes in its governance structure. The original leader of the project committed notorious fraud, but its new management attempted to transform it into a decentralized autonomous organization (road).
Safemoon is migrating from BNB to Solana
After several years of trouble, Safemoon tries to start over. After the token is launched at the end of 2021, Crypto Detective Coffee Zira accused its developers ofBillion dollar fraud“.
However, the Ministry of Justice is Prosecuting these old leadersone of them has promised SinfulSafemoon plans to migrate to Solana under new management.
“Four years ago, Safemoon was born. The initial vision has evolved into a movement, a community that is different from any other community in the blockchain world. Today, we celebrate four years of resilience, innovation and incredible Safemoon Army are strong in every challenge.” media.
Safemoon Announced Solana migration Two weeks ago, I hope to completely change the structure and image of the project. Crypto exchange Bitrue has stated that it will support Token migration and developers are in circulation Wizard Simplify user experience.
It seems that there is a Sorana migration Positive impact on Safemoon prices. Shortly after the initial announcement, the new team Announced a progressive airdropwhich led to a brief surge in price. SFM is currently growing nearly 92% in a week.
Safemoon is committed to changing the market enthusiasm of its governance structure. A project rarely continues to operate and makes significant changes to governance after a major scam.
Two days ago, the company Announce It is setting up an interim advisory committee to transition to Savm governance. Today, it articulates this vision, raising it well with DAO:
“Community governance is definitely what we want to see. This is one of the things that makes a single chain so important. Without this, it is impossible to do community governance through token holders. Once a community governance structure is established, it will respond to the government’s vote based on token holders on Solana. statement.
In other words, moving Safemoon to Solana is only part of the equation. The migration was announced two weeks ago and the prices were chaotic.
However, as this move approaches, developers have a stronger emphasis on their desire for change. If the new structure runs in the way it is advertised, the project will be governed by its community, which fuels positive emotions in SFM.
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