New Generation of ‘Bitconnectors’ Flock into SafeMoon Despite Warnings

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Binance Smart Chain (BSC) project SafeMoon has generated a strong buzz, and a new generation of speculators have flocked into what some warn is Bitconnect-reminiscent (UN)SafeMoon.

Hashtag SafeMoon has been trending on Twitter and was a topic of conversation elsewhere, with many unable to decide if it’s a real thing or a scam of some sort. On TikTok, the same hashtag has almost 72m views.

SafeMoon is presented as a decentralized finance (DeFi) token with an automatic liquidity pool, which launched in early March 2021, awarding holders and charging sellers. They say they plan to develop a non-fungible token (NFT) exchange, a video game, as well as charity projects, and crypto educational apps.

Meanwhile, after this “civil discussion” failed, the team said:

“We apologise for the earlier AMA as it wasn’t up to standard at all and did not meet the expectations we wanted. However we are a family… and honesty is key.”

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Other reactions:

just setting up my twttr

— jack (@jack)

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just setting up my twttr

— jack (@jack)

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just setting up my twttr

— jack (@jack)

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just setting up my twttr

— jack (@jack)

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just setting up my twttr

— jack (@jack)

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2) the history of blockchain goes to those with long time preference. Read @saifedean, few understand this.

— Miko Matsumura (@mikojava)

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– Japanese Lonely Hearts Warned to Beware Dating App Crypto Scammers
– 33% of Surveyed ICO Investors Feel Deceived, But 56% Would Invest Again
– Kate Winslet Joins Cast Of OneCoin Crypto Scam Movie

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