A cryptocurrency project called Safemoon has been trending in forums and social media in recent times, as the crypto asset team promised a few new products, but the team claims that the launch has seen difficulties. This weekend, a post published to the subreddit forum r/cryptocurrency claims “Safemoon has been exploited from day 1 and $68,460,000 have been siphoned out of the liquidity pool.”
Safemoon Project Runs Into ‘Unforeseen Technical Issues’ Launching Products, Skeptics Surround Project
The project Safemoon has been a controversial cryptocurrency project for quite some time now. It has been called a Ponzi scheme and there are plenty of Safemoon reviews, accusations, and people attempting to find out whether or not the project is legit.
Remember just because you make money off of a ponzi does not change the fact that it is a ponzi. #safemoon
— Lark Davis (@TheCryptoLark) April 21, 2021
On August 29, 2021, the hashtag trend “#safemoonwallet” has seen a great number of tweets on Sunday. This is because the project was supposed to drop three different products, which include an iOS and Android compatible safemoon (SAFEMOON) wallet. However, the official Safemoon Twitter page says the project hit a few problems launching these new products.
“Thank you for bearing with us,” the account’s message notes. “We’ve experienced unforeseen technical issues launching all 3 products at the same time,” the tweet says.
When those buttons are clicked, the code that fires has never done anything other than reload the page. Ever. The moment they added the buttons, they were set 'disabled' and non-clickable, then they made it clickable, but only fires a reload. pic.twitter.com/EvDv0RFbLK
— Ryan Dunn (@Not_Ryan_Dunn) August 28, 2021
The tweet has more than 12,800 likes and over 3,000 retweets at the time of writing. Safemoon has a very active social media ‘army’ and it matches other active social media armies from crypto coins like DOGE, XRP, and the LINK marines. But there are a number of people that have warned the project may not be legitimate. Despite this, hardcore community members believe there is nothing to worry about and they are telling others to “be patient.”
@safemoon is definitely not a scam. #SAFEMOONWALLET was highly anticipated and #SAFEMOONARMY overloaded the servers. Be patient. Greatness is coming soon!
