Difference between revisions of "SafeMoon Protocol (SAFEMOON)"

From CryptoWiki

m
 
Line 1: Line 1:
==Basics==
==Basics==


*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release:
*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].
Line 16: Line 15:
* Safemoon Hacker [https://newsletter.blockthreat.io/p/blockthreat-week-16-2023 stroked] a deal with developers to return $7.1M (2-5-2023).
* 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.
==Governance==
===Admin Keys ===
===DAO===
===Notable Governance Votes===
===Treasury===
==Token==
==Token==
===Launch===
===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]].
===Utility===
===Other Details===
===Stablecoin===
==Coin Distribution==
==Technology==
==Technology==


Line 41: Line 28:


* 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]].
===Fees===
===Upgrades===
===Staking===
====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
==Their Projects==
==Roadmap==
==Roadmap==


*Can be found [https://safemoon.net/ here] (5-2021).
*Can be found [https://safemoon.net/ here] (5-2021).
==Usage==
===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===
==Team, Funding, Partners==
==Team, Funding, Partners==
===Team===
===Team===

Latest revision as of 03:18, 6 November 2023

Basics

"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

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

Technology

How it works

  • Three functions occur during each trade: Reflection, LP Acquisition, & Burn.

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

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31