SafeMoon Fights the FUD from Safuu and Barstool Sports CEO

Barstool Sports CEO, Dave Portnoy, has caused a little controversy in relation to SafeMoon, as BSC News take a closer look at what has occured.

SafeMoon V2 Confusion

Dave Portnoy, the founder of Barstool Sports released an ‘Emergency Press Conference – SafeMoon Update’ on April 13  expressing his frustration on SafeMoon’s recent upgrade which he deems to be overly complicated. cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/stoolpresidente/status/1513926667076571141&image=https%3A//abs.twimg.com/errors/logo46x38.png

Portnoy was furious after his attempt to upgrade on SafeMoon’s website has significantly reduced the value of his SafeMoon tokens. The outspoken personality said, 

‍‘It shouldn’t be that complicated. I deposited the money which is hard. Once you do it, you should not have to do 19 different things to keep the money’. ‍

Portnoy’s complaints was immediately addressed and on the same day, John Karony, the Chief Executive Officer (CEO) of SafeMoon announced that the situation has been addressed. Karony in a brief description clarified that the token were denied ‘for a number of reasons’.cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/safemoonwarrior/status/1514151605339316224&image=https%3A//abs.twimg.com/errors/logo46x38.png

Portnoy subsequently confirms his SafeMoon tokens are now reflected in his wallet but denies making any misrepresentation. 

The SafeMoon community tried to reach out to Portnoy explaining why the migrated tokens are not showing in his wallet:cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/cptcryptoe/status/1514031390697869316&image=https%3A//abs.twimg.com/errors/logo46x38.png

SafeMoon and Safuu

SafeMoon received another blow after Brian Legend, the founder and CEO of Safuu announced that the potential partnership between the two platforms will not take place. 

The comments from the CEO of Safuu referred to SafeMoon’s ongoing legal battles and its failures in delivering results as the reason to discontinue the potential partnership 

Brian Legend was referring to the class-action lawsuit filed against SafeMoon in mid-February. The suit instituted on allegations of a ‘pump and dump’ scheme, orchestrated by its promoters. Brian also commented on Karony’s lack of experience and inability to run the company competently. 

The stinging remarks made by Brian prompted the SafeMoon community to respond by referencing to a remark on Safuu Protocol by renowned blockchain security firm, Certik. 

New Leaders

John Karony announced on Twitter that SafeMoon will be appointing new faces to its leadership. This could well be a response to the controversies surrouding the project. cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/cpthodl/status/1514622420333780992&image=https%3A//abs.twimg.com/errors/logo46x38.png

On March 24, Ryan Arriga, its former Global Head of Products left the team in controversial fashion. SafeMoon is facing headwinds and having new leaders could change the fortunes for the platform. 

‍

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 disincentivizing sellers from selling.   

To find out more about SafeMoon, the following links are available : 

Website | Twitter | Instagram | GitHub | Discord | Telegram | Reddit 

Source : bsc.news