SafeMoon CEO Nominated for Award, SafeMoon Army Responds to FUD

Though questions were raised about the legitimacy of the nomination, Utah Business has confirmed it is duly merited.

Recognition for SafeMoon’s CEO

The CEO of SafeMoon, John Karony, has been nominated for the 2022 CEO of the Year Award. The award is put together by Utah Business – a tabloid based in Utah, USA.

The award recognizes CEOs whose organization and leadership style positively impact Utah’s business environment. John Karony is one of 21 CEOs nominated for this year’s event, to be held on March 31. SafeMoon flaunted its CEO’s nomination on March 10 via Twitter:

“Each year, we celebrate Utah’s most accomplished professionals—the CEOs who have led their organizations with strength, courage, and endurance and have made it their mission to change the way we do business in Utah,” SafeMoon tweeted, citing Utah Business.


Conspiracy Theories Emerge

Soon after the news of John Karony’s nomination went public, some people began to stir a wave of fear, uncertainty, and doubt (FUD). They alleged that SafeMoon may have purchased the award rather than merited it. Indeed a look at the event’s webpage shows SafeMoon listed as a sponsor, which might legitimately raise questions if there is a conflict of interest involved.

As of writing, SafeMoon has not officially debunked the allegations. But a member of the SafeMoonArmy, known on Reddit as Vhindy, made efforts to address the FUD. Vhindy sent an email to Utah Business to enquire if sponsorship of the event influences the selection of nominees. Utah Business stated in its response that nominees are not selected because they are sponsors. Instead, the choice is based on a scored review process. However, after scaling through the review, nominees are offered advert placements for brand and logo recognition. Vhindy shared screenshots of his communication with Utah Business here.

Vhindy concludes that there is no truth to the speculation about Safemoon and John Karony paying to have John listed as a Utah Business 2022 CEO of the Year. Vhindy reckons that the leader of perhaps BNB Chain’s top community-based altcoin project was indeed nominated fairly.

What is SafeMoon?

SafeMoon is a new altcoin launched in March 2021. It runs on the Binance Smart Chain and is a Decentralized Finance (DeFi) community-driven protocol. This protocol slightly differs from other protocols when a transaction takes place. Three functions will occur, reflection, liquidity pool (LP) acquisition, and burn. It also charges 10% fees to anyone that sells their tokens, and other owners get 5% of the fees. This is SafeMoon’s method of encouraging holders to hodl and disincentivize sellers from selling.   

Where to find SafeMoon:

Website | Twitter | Discord | Telegram | Github | Reddit | Instagram

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