- Coffeezilla, a detective of the internet, faces his most unthinkable adversary yet. Narrative of SafeMoon is so pathetic that it defies all logic.
- In a video posted by him on YouTube, Coffeezilla and a cluster of analysts did their best to determine exactly what happened.
- He explained the project as, it is more about developing the future and developing a safe future and bringing it now.
CoffeeZilla Goes Back To Inception OF SafeMoon
Regarding SafeMoon creator, CoffeeZilla says that, It turns out that it was a person who believed in Q. He goes by the name Kyle and there’s not much information available about him, other than he does not trust authorities and believes they are a handful of offenders.
As the narrative of SafeMoon is incepted from Kyle, he decided that foraying into cryptocurrency is the perfect way to initiate redistribution of some of that wealth back to himself.
After failing in some projects, “Kyle discovered something known as Bee token” And decided to copy it. After making an investment in Bee Token, he liked that it had specific property to it.
A 5% tax on each transaction, which was then divided into a couple of parts. 3% was added back to LP 2% was dispersed to Bee holders, which just motivated folks not to sell.
After this, it was time to fork. He copied the code and released it himself, but with a handful of changes. He escalated taxes to 10%, and he changed the title to something a lot more eye-catchy. He titled it SafeMoon.
Journey Of SafeMoon To Become A $1B Organization
Folks could not resist the “commitment to secure, simple money,” so, SafeMoon was a success like some others. As per former SafeMoon moderator, The Ginger, Kyle had no idea that SafeMoon was gonna burst like it did. As per Coffeezilla, he was anticipating being in and out.
SafeMoon was selling hotcakes, and, in 2021 it rose to prominence. They had billboards across the country. They had the greatest influencers debating about them.
Coffeezilla has to elaborate the mechanism of SafeMoon protocol. He stated that each pool basically has a couple of distinct currencies and the point is to offer sellers and buyers a path to trade without regular market makers such as Wall Street has. In a LP the way it operates is the ratio of the couple of assets determines the value.
Finally, Coffeezilla stated that leaders of the project asserted that rug pulls in SafeMoon were not possible as liquidity tax is locked. It turns out that, project that makers copied was in fact a fraud.
Source: https://www.thecoinrepublic.com/2022/05/13/safemoon-is-not-so-safe-coffeezilla-thinks-of-it-as-a-fraud/