There's a new and better SafeMoon in town – SafeMoon 3.0 ($SFM) – and its price is predicted to explode higher as the version meta trend gathers pace.
$PEPE has been joined by $PEPE2.0 and now $PEPE3.0, and it is the same for a bunch of other meme tokens. There's also $SHIB2.0, $WOJAK2.0 and now $SFM3.0.
Now SafeMoon 3.0 ($SFM3..0) is joining the party and it has already exploded in price by more than 500%.
The straight-to-DEX token gained 190% within seconds of its launch and is currently registering an advance of 500%.
The original SafeMoon launched on May 2021 and at its height a month after its birth had gained 23,225%.
However, a number of missteps and, in hindsight, poor design decisions, led to mounting problems for the team behind SafeMoon 1.0.
First off, there was a 10% tax on transaction with 5% going to token holders in reflections. A good idea on the face of it, but that, and other issues, led to claims it was a Ponzi scheme and the rewards disappeared in a later version of the token.
Initially lacking in utility, an announcement was made by the original anonymous SafeMoon team that the coin would be making a pitch for the unbanked in the west African nation of Gambia.
But that died a death, as did plans for a debit card – a card that was going to charge 2.5% on transactions. SafeMoon 1.0 has lost 98% of its value from its all-time high.
The original Safemoon's price explosion was certainly helped by endorsements from the likes of Paul Logan and Nick Carter.
But things started to go south when Braden John Karony took the leadership as CEO after the anonymous team behind the project registered as a Limited Liability Company.
Worse was to come, however, when SafeMoon v1 set up a process to migrate to SafeMoon v2.0.
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