SafeMoon Devs selling liquidity and Fake Exchange Volume Exposed
Posted Jul 17, 2021, 10:04 AM UTC
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I think calling it a confirmed rug pull is pretty ridiculous at best. Only time will tell where sfm will go, but if you were doxxed with 2.5m people under you, would you A) rug pull, fast or slow, so it’s a one and done, or B) take your new found wealth from the tokens popularity and actually build a tangible product to where that income can be infinite?
If you were doxxed and had interviews with mainstream media (Bloomberg), would you then go and pursue option A, knowing your name and persona is already out there from a reputable source for the world to see?
Any time I hear slow rug pull I cringe. From a business standpoint, it makes more sense to go with option B from the options listed above. You can make a few million now compared to a few billion over a few years worth of time by adding value to the product. Just because the entire cryptosphere is in a slump right now, that doesn’t mean we need to get our tin foil hats out.
Couldn’t scenario B technically be considered a slow rug pull, even though you’re actually building a product/ecosystem that is self sustaining and can keep your pockets lined as well as everyone else’s? If so (it can), every business in existence both in crypto and out can be considered a “slow rug pull”. Isn’t that the point of developing use cases, so the ecosystem will continue and be profitable to both the company and holders?
TLDR; we don’t know what will happen with sfms future, but slow rug pull is a fud tastic way of describing businesses taking profits, for whatever reason, both in and out of the crypto world.
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Although your points are plausible....what happened to LP being locked for 4 years?
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Couldn’t tell you, I’m not privy to the inside information. Depends on the pool I would imagine, considering the contract is hard coded to auto fill pancakes v1 LP even though v1 is being phased out. So long as the contract exists, v1 will have to be migrated to v2.
I would imagine these are questions that should be addressed at the right time, through the right medium, rather than calling sfm a straight confirmed rug pull in a sfm subreddit.
That’s where the torch bearers of this sub come in. While one would assume we are all invested here, it’s very possible malicious intent can make its way into this forum and fester. Vs in regular sfm Reddit it’d be deleted or banned.
This sub Reddit is for critical thinking without the echo chamber. Not straight up fud posting.
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Me staying that the LP is supposedly locked is not FUD. The devs themselves said it was... But it does not appear so ..
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they locked a big portion of it a while back from what i understand and that chunk is still locked. i don’t think they’ve locked any more up since then tho because of them needing to migrate it from pancakeswap v1 to v2. but i agree, i think they need to start being a little more transparent with what’s going on with the LP
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Safemoon dev created safemoon so I'm led to believe. He got the team assembled after the launch when it took off. To all intents and purposes I believe that it was created to be a pump n dump but for some reason he got cold feet and put faces in there.
From what we now know he is slow rug pulling with the sell walls
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I agree that sfm was originally created as a meme token with pump and dump in mind, but it gained enough traction to become a legitimate project.
Ex; papa wasn’t brought in the team until after launch - there were no intentions of pushing this past the initial p&d. Once the project gained traction, papa came on and the team moved towards actual tangible products to legitimize sfm.
That isn’t necessarily good or bad. The clock is rapidly ticking down on product releases, and the masses will be the judge of said products. If they are up to par, SFM will flourish. If they aren’t, sfm will flounder.
You say “slow rug pulling”, but at the end of the day if the products sfm is working on get released and are a hit, he’s actually losing out on potential gains in the future by selling now. As I said, the masses will be the judge, jury, and executioner if the products released are sub par. If they aren’t, the sell walls are unloading for pennies on the dollar what they will be worth after implementation and the “sell walls” allowed everyone else an awesome buy in price for growth.
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I’m gonna watch this later but I really think the slow rugpull is on
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One thing is for sure, the next few weeks are gonna be interesting.
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Holyshit. Caught with their hands in the cookie drawer.
Anybody know the straight answer to this, are they legally allowed to draw funds from the LP for any use? If they're not it's theft pure and simple. Also this begs that old chestnut about fundraising $1m for a exchange. Why take everyone's money when they could take it out the LP.
That $89 is looking more and more like papas everyday imo. He's got the keys to the castle.
Slow rug pull.... make a load of BS work for yourself.... go buy a McLaren lol
If this video goes viral on the main sub I'm calling it now, wallet, exchange, or fucking safemoon on the 'actual' moon. Its going down the pan rapido
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The contract allows the dev access to LP. As the contract owner, they can take funds from the LP at any time. They said the LP was locked for4 years. But, we know this isn't true since it is a copy of BeeToken.
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This needs to be examined by people who are knowledgeable. Also safemoon team needs to clarify what’s happening.
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This needeth to beest examin'd by people who is't art knowledgeable. Eke safemoon team needeth to clarify what’s happening
^(I am a bot and I swapp'd some of thy words with Shakespeare words.)
Commands: !ShakespeareInsult, !fordo, !optout
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A slow rug definitely makes the most sense. 1. They could make way more money milking it over the course of months/years. 2. They can try to save face and have plausible deniability and not make everyone enraged all at once and slowly get used to the idea that their money is gone.
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Hey Rob, I have to be honest. You raise a whole lot of valid questions in your vids, deservedly so, but I think you go off the deep end with it, for instance on the titles for the click bait. Rug pull is hardly confirmed. At least I hope not. I just think you should present your points and leave it to the viewers to decide, otherwise it gets unfairly written off. We’re all holders here. Other than that I like your style.
I agree that the click bait definitely diminishes the message but if there wasn’t a grift to these videos they would have no traction whatsoever. It’s a fine line and I definitely cross it but unfortunately I think this is the game I need to play
Aha! The man, they myth, the legend!
It’s called confirmation bias. Just because there are thousands of YouTube videos about the earth being confirmed flat doesn’t mean it actually is. You’re marketing to the crowd that has the same bias that your title gives - sfm being a rug pull.
I agree with what McLovin originally said. By titling the video the way you did, your confirmation bias is already showing. Of course you’re going to get people commenting on the status of the “rug pull”, because they are already skewed towards that. Especially not being in the official sfm Reddit where fud gets taken care of by mods. Rather than letting people draw their own conclusion from the video and judge it based off the content, you’re immediately scooping in the people who already believe sfm is a rug pull for whatever reason. It reduces the overall objectiveness of the video because you’ve set the tone in the title.
I would like to think the majority of the people here are actively invested in safemoon and came here to avoid the echo chamber of main. This brings me back to my prior point - if this truly is a sfm sub free from the tribalism of regular sfm Reddit, we need to be more diligent on maintaining the objectiveness of the sub.
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What I say in my videos is all verifiable:) Not fake news. Of course the title and thumbnail are clickbait. You and the safemoonarmy wouldn't have seen it if it wasn't for it:) It's the game that gets played on Youtube. Just ask all the safemoon youtubers saying Jeff Bezos "imminent" safemoon investor lol
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