I Sacrificed 1 BNB (My Most Degenerate Move Of 2021?)
It is funny how impatient we can all get when waiting for various coins to go up. I'm glad my Ethereum investment has been earning returns on Cub Finance. Otherwise I would be so pissed off about it. I didn't intend on being as heavy into Ethereum but there are so many fanboys for Ethereum so I mainly have it because everyone else is into it.
I have a friend in Louisiana that FOMO'd into SafeMoon. That crazy fuck bought $6,000 worth and it suddenly was worth $55,000.
It is interesting what SafeMoon did. It kind of reminds me a little of these contracts like BankRoll or Elephant.Money. With Elephant.Money you basically are getting charged 10% in and 10% out and 2% of the money coming in gets rained on all the people still in the contract.
To be clear the screenshot is half of my SafeMoon. The other half is on my Ledger.
How Does SafeMoon Work?
So you are basically just buying the tokens which are on the Binance Smart Chain and there is also a 10% fee at the beginning and 5% of that rains on other people who are HODLing and 5% automatically creates a Liquidity Pair out on Pancake Swap with BNB.
When people sell the coins again 5% is rained on those HODLing.
Also there are various burns they are doing and those Liquidity Pairs are supposedly locked in there for awhile.
Why I Bought SafeMoon
It has been blowing up on TikTok and Twitter. The amount of exposures this can get on TikTok is hard to quantify. I have seen this with DOGE. The price can pump hard.
With Safemoon the wallet balance stacks up like a casino slot machine because of small units and people buying and selling so you are always getting rained on.
People like it when there are more and more coins stacking up.
Should You Invest?
That is up to you. This is the closest thing to gambling I have done in awhile. I sacrificed 1 BNB to it and my goal is to pull out several BNB and take it back to Cub Finance
As people are coming and going the tokens are raining down.
There are a couple other listings on lesser known exchanges that are being worked on.
Personally I'm not sure if the total tokenomics will work past 2 or 4 weeks. I'm not really sure. I just figure with it blowing up on TikTok it could really get some short term traction.
What Do You Guys Think?
Am I a degenerate shitcoin inbred?
excellent, hopefully what is desired is achieved, and may the coins go up and develop, good luck always @brianphobos
Have you dumped you bags already or still HODLing?
They made prototypes of for safemoon wallets, if they will implement that price should should pump again
I'm out of SafeMoon and MoonRat at this point.
MoonRat the name itself says it will be a rat poison as Warren says.
On the other hand safemoon https://www.coingecko.com/en/coins/safemoon is holding price better than BTC and coding wallet app plus hire another blokchain specialist, so they can still jump up a lot. Plus you getting some pennies for just holding it
Waoooh. That is the spirit to any crypto. Patient pays. Good luck for you brother
We will just have to wait and see if it works out!
For sure