Difference between revisions of "SafeMoon Protocol (SAFEMOON)"
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==Basics== | ==Basics== | ||
*Wants to be an exchange. Got famous for their [[Pump and Dump|pump & dump]] during the [[Binance|BSC]] [https://rekt.news/shitcoins/ craze] of early 2021: | *Wants to be an exchange. Got famous for their [[Pump and Dump|pump & dump]] during the [[Binance|BSC]] [https://rekt.news/shitcoins/ craze] of early 2021: | ||
| Line 10: | Line 6: | ||
==History== | ==History== | ||
* Got finally [https://twitter.com/EDNYnews/status/1719754438615740550 charged] with a multi million dollar fraud scheme (1-11-2023). | |||
==Audits & Exploits== | ==Audits & Exploits== | ||
*[[Bug bounty]] program can be found [insert here]. | *[[Bug bounty]] program can be found [insert here]. | ||
===Bugs/Exploits=== | ===Bugs/Exploits=== | ||
* Safemoon Hacker [https://newsletter.blockthreat.io/p/blockthreat-week-16-2023 stroked] a deal with developers to return $7.1M (2-5-2023). | |||
* On March 28, 2023 Safemoon lost $8.9m after [https://rekt.news/safemoon-rekt/ failing to restrict access] to the [[Burn Mechanisms|burn]] function in a [[Smart Contract (SC)|contract]] upgrade. Interestingly, the original attacker was [[Frontrunners|front-run]] by an [[Maximal Extractable Value (MEV)|MEV]] bot also involved in last week’s [https://twitter.com/NumenAlert/status/1638563104668925952 Nuwa hack] which promised to return stolen assets. | * On March 28, 2023 Safemoon lost $8.9m after [https://rekt.news/safemoon-rekt/ failing to restrict access] to the [[Burn Mechanisms|burn]] function in a [[Smart Contract (SC)|contract]] upgrade. Interestingly, the original attacker was [[Frontrunners|front-run]] by an [[Maximal Extractable Value (MEV)|MEV]] bot also involved in last week’s [https://twitter.com/NumenAlert/status/1638563104668925952 Nuwa hack] which promised to return stolen assets. | ||
==Token== | ==Token== | ||
===Token Allocation=== | ===Token Allocation=== | ||
* Had a [https://safemoon.net/whitepaper 12%] allocation towards devs, but those tokens got [[Burn Mechanisms|burned]]. The rest were distributed through [[Liquidity Mining|liquidity mining]]. | * Had a [https://safemoon.net/whitepaper 12%] allocation towards devs, but those tokens got [[Burn Mechanisms|burned]]. The rest were distributed through [[Liquidity Mining|liquidity mining]]. | ||
==Technology== | ==Technology== | ||
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* Three functions occur during each trade: Reflection, [[Liquidity Provider (LP)|LP]] Acquisition, & [[Burn Mechanisms|Burn]]. | * Three functions occur during each trade: Reflection, [[Liquidity Provider (LP)|LP]] Acquisition, & [[Burn Mechanisms|Burn]]. | ||
==Roadmap== | ==Roadmap== | ||
*Can be found [https://safemoon.net/ here] (5-2021). | *Can be found [https://safemoon.net/ here] (5-2021). | ||
==Team, Funding, Partners== | ==Team, Funding, Partners== | ||
===Team=== | ===Team=== | ||
Latest revision as of 03:18, 6 November 2023
Basics
- Wants to be an exchange. Got famous for their pump & dump during the BSC craze of early 2021:
"A single solidity file with just two commits made on the same day was enough to build a token with a market cap in the millions, and FDV in the billions of dollars."
History
- Got finally charged with a multi million dollar fraud scheme (1-11-2023).
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
- Safemoon Hacker stroked a deal with developers to return $7.1M (2-5-2023).
- On March 28, 2023 Safemoon lost $8.9m after failing to restrict access to the burn function in a contract upgrade. Interestingly, the original attacker was front-run by an MEV bot also involved in last week’s Nuwa hack which promised to return stolen assets.
Token
Token Allocation
- Had a 12% allocation towards devs, but those tokens got burned. The rest were distributed through liquidity mining.
Technology
- Whitepaper can be found here.
- Code can be viewed here.
- Built on: Binance Smart Chain
How it works
Roadmap
- Can be found here (5-2021).
Team, Funding, Partners
Team
- Full team can be found here (7-5-2021). With all team members their socials, but not any links to their Github activities.
- John Karony; CEO
Funding
- Had a $1M fundraiser which it over scribed a little bit (13-4-2021).
Partners
(:
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