Is SafeMoon a Ponzi scheme? | Bitcointalksearch.org

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: Marleydee on February 25, 2022, 03:38:57 AM

Having it's rise to fame as early as 8th of March 2021, it has been able to gain popularity and notoriety as one of the fastest growinng coin after Bitcoin, dogecoin and cardano.
SafeMoon is a native currency of the Binance smart chain and started it's launch with an initial price of $0.00000001 but has fast risen to $1 billion, ranking it 214th in market dominance.
Because the fee for buying into SafeMoon goes back to it's earlier investors, it has been regarded as a Ponzi.
Analysts warn that these new form of altcoins appear designed to largely help early investors and developers get rich at the expense of late buyers.
Are investors really safe in trading in SafeMoon?

No most everyone of these "projects" are scams. The only ones who benefit are the people who copy/paste the code to make another coin. If people would stop being greedy this crap would stop. Happens every cycle once the bear market sets in people get wiped

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Quote from: SushGo on March 26, 2022, 05:40:06 AM

Nope, they are real. Ponzi scheme cannot run for more than a year.

Are you joking with it? it seems like that if you are pretty new about this, Have you heard how bitconnect has been running for years and then such ponzi scheme become a scam token? Safemoon was just another pump and dump token without any product. Why people are still supporting this garbage token while it has no future at all. This meme token is not having any difference with another scam token out of here,

Quote from: SushGo on March 26, 2022, 05:40:06 AM

However, they lack professionalism. its a new team with inadequate experience.
By the time, they will evolve.

Is not it a redflag by the team? the team itself was showing their true color. A team with no competence to develop a product will never able to develop a product. Lack of competence = amateur developers = scam project
this is quite clear that if safemoon was a scam project.

hugeblack

legendary

Activity: 2688

Merit: 3983

It does not matter whether it is defined as a Ponzi scheme or not, as far as whether it is a good investment? The answer will be no, or at least there are many alternatives.
It promotes itself in the style of Sheba and Dogecoin, but it will not reach that and therefore we can consider it a currency pump and dump coin.
Don't forget that SafeMoon has been migrated to a new contract address. Therefore, they are looking for such news to inject their value.
With a huge total supply of 1,000,000,000,000,000 for this coin, the probability of corrections is higher (downtrend prevails).

SushGo

full member

Activity: 126

Merit: 100

Nope, they are real. Ponzi scheme cannot run for more than a year.
However, they lack professionalism. its a new team with inadequate experience.
By the time, they will evolve.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Marleydee on February 25, 2022, 03:38:57 AM

Having it's rise to fame as early as 8th of March 2021, it has been able to gain popularity and notoriety as one of the fastest growinng coin after Bitcoin, dogecoin and cardano.
SafeMoon is a native currency of the Binance smart chain and started it's launch with an initial price of $0.00000001 but has fast risen to $1 billion, ranking it 214th in market dominance.

So many people have been giving you a lot of awareness. This is just another ponzi scheme by shitty coin called safemoon. Safemoon got hyped caused by doge coin and shiba inu and they believe that this would become the next doge coin or shiba inu. that's why people have invested massively in this token last year but this time this is just another shit scam meme token that will die as soon as possible. There's no reason to buy this a non sense token.

Quote from: Marleydee on February 25, 2022, 03:38:57 AM

Because the fee for buying into SafeMoon goes back to it's earlier investors, it has been regarded as a Ponzi.

Yeah. that's a ponzi scheme. the early holders take the advantage over the late adopters and i hope that there will be no people willing to buy this shit scam ponzi token from the market. Just let this token die. Scam token like this just like a plague in the crypto market.

Quote from: Marleydee on February 25, 2022, 03:38:57 AM

Analysts warn that these new form of altcoins appear designed to largely help early investors and developers get rich at the expense of late buyers.
Are investors really safe in trading in SafeMoon?

Investors are not safe trading in the safemoon with the possibilility for the price to be dumped to the bottom anytime.

7deadlyBTCIN

member

Activity: 120

Merit: 15

Safemoon, the type of crypto tokens I don't want to have in my wallet, I don't understand how this project made it this far but we will see how they perform will perform in bear market, safemoon is a shitcoin I will choose shiba inu over this one 10x.

Marleydee

newbie

Activity: 15

Merit: 0

Having it's rise to fame as early as 8th of March 2021, it has been able to gain popularity and notoriety as one of the fastest growinng coin after Bitcoin, dogecoin and cardano.
SafeMoon is a native currency of the Binance smart chain and started it's launch with an initial price of $0.00000001 but has fast risen to $1 billion, ranking it 214th in market dominance.
Because the fee for buying into SafeMoon goes back to it's earlier investors, it has been regarded as a Ponzi.
Analysts warn that these new form of altcoins appear designed to largely help early investors and developers get rich at the expense of late buyers.
Are investors really safe in trading in SafeMoon?

Topic: Is SafeMoon a Ponzi scheme? (Read 70 times)