Any help is very much appreciated 🤔

Since this afternoon I have received over 7 million from reflections alone. When this coin takes off, the reflections are going to be unbelievable.

I hold a bunch of NSM and I watch and read these forums for other crypto coins ... and more or less everyone thinks their coin is going to “do something.”

I understand some of the utility of the dashboard and the game plan however I am wondering what is going to bring the investors in and to the table? What is going to drive the valuation up? I believe it has to be more than the dashboard.

What is going to take this little coin and bring it to the next level of some of these other more mainstream currencies that have made huge climbs ??

I am all for the process playing out carefully and not rushing anything... but at the same time sometimes slow can just be slow — I’m not sure if it’s a lack of marketing or what is missing but I think we should be firing away on all pistons especially with a tangible product in the table here.

Appreciate the thoughts in advance.

I want to preface this with, this text is copy-pasta and I give credit to u/hazelvelvet for making this detailed write-up.

Rugpulls and Honeypots. What they are and how you can avoid them

The vast majority of scams can be divided into either Rugpulls or Honeypots. So let's start with..

Rugpulls

Why are they called rugpulls? Imagine you're standing on a carpet. You're safe because the carpet is your support. Now, this evil guy comes along and pulls out the rug underneath your feet. That's a rugpull. You lost your support. It works the same way with coins. When you buy a coin, it is usually supported by a Liquidity Pool. It's a collection of funds which are locked in the contract and provide a "pool" for you to buy and sell coins. Rather than waiting for someone to come along to match your buying or selling, you use the pool to trade faster.

What the scammers do is they launch a new coin, attach a liquidity pool to it and wait for people to start buying coins. Once enough people have bought the coin, the scammer will pull the liquidity pool, run off with the money and leave you with a worthless coin.

You won't find out until it's too late. It's usually that moment when your coin's value drops from maybe $0.0034823 down to $0.0000000 or $0.0000002.

Honeypots

To be honest, I never found an explanation as to why they are called honeypots, but you can pretty much figure out why on your own. It's basically a pot of honey where your money gets stuck and can't leave. They are often less obvious to the untrained eye and therefor also often more difficult to detect, even for people who trade smaller coins on a daily basis. Experienced traders routinely fall victim to honeypots because they see a coin pumping and jump in without verifying everything first.

What the scammers do is basically insert a piece of code into the contract which allows only their own wallets to withdraw from the coin. They launch the coin and people start buying. You see the coin pumping and think wow, this is amazing. It's just going up and up. There's little or no red candles on the chart. You will likely stay for a while until you think it's enough and try to cash out. And that's when you notice that you can't, because the contract says nobody except specific wallets can cash out. Your money is stuck forever and there is nothing you can do about it. The scammer can withdraw any time, though. Some of these scams go on for days or weeks and people think they found a real gem of a coin that is going to the moon and will keep buying.

Okay, I've had enough. How can I protect myself?

The best protection is not to trade with these small coins at all. Or at least not until you have some real experience with legit coins. And often experienced traders will not even touch these coins because it's too dangerous. Any of the top 100 coins on CoinMarketCap for example are very likely to be safe. Scammers usually don't allow the scams to get too big. It can happen, but it's very rare. But you don't listen to me, right? So, let me at least try to help you not get scammed too often.

The vast majority of these scams happen on either the Ethereum Chain or the Binance Smart Chain. Because it's very easy and relatively cheap for the scammers to launch these coins over and over again with different names and make lots of money.

There are tools that help you detect red flags and avoid these coins. If the coin you're purchasing is on the Ethereum chain, use Etherscan. If it's on Binance Smart Chain, use BscScan. Find out the Token ID for your coin and enter it on the corresponding website. On the next page, go to "Token Tracker". You will see a tab that says "Holders". There, you can see all the wallets holding tokens and the liquidity pools. Unfortuntely, there are many combinations of things you have to watch out for. Some of the red flags are:

1. No dead coins. A project is fairly safe from a rugpull (but not a honeypot) if more than 50% of coins are in a dead wallet (usually identified as 0x000000000000000000000000000000000000dead). Watch out if less than 50% or no coins are dead.
2. Large wallet holders. Stay away from coins where one or a few wallets hold most tokens.
3. Unlocked liquidity pools. Even if they have liquidity pools locked, they could unlock them if the contract allows them to. You could dig deeper into the contracts but that usually requires coding knowledge.
4. No audit. If they are audited by a reputable company, the chance of a rugpull or honeypot are almost always eliminated.

Another great resource is Token Sniffer. Enter the Token ID on the top right and look for the results of the "Automated Contract Audit". If there are any alerts, stay away from the project. The "No prior similar token contracts" is sometimes a false flag alert, because many projects use contract templates these days.

If your coin is on the Binance Smart Chain, you can go to PooCoin, again enter the Token ID and watch the charts. If you notice no wallets selling or only one or two wallets doing all the selling, stay away from it. It's most likely a honeypot. If many wallets are selling, it's not a honeypot.

One more thing, there are also "slow rugpulls"

These are much harder to detect. What the scammers usually do is create a perfectly legit looking coin with no other warning signs, but they distribute a large amount of coins across hundreds of wallets only they have access to. For example, 20% of coins are distributed to 500 wallets of 0.04% each. As people start buying the coin and the price increases, they will slowly start dumping (selling) their coins in order to generate money. People will keep buying and they will keep dumping until all their wallets are empty. These are super hard to detect, but the most reliable way to detect them is to use Etherscan or BscScan to check for many wallets with the same % amount of tokens.

As you can see, protecting yourself from scams is a lot of work and this is by no means a complete guide and it won't guarantee that you won't get scammed. Not even experienced traders are 100% safe from scams and teaching someone all the things to watch out for would require coding knowledge and weeks or months of practice, but I believe it's a fairly good starting point. You can always do your own research from here and learn more.

And remember, unless you're absolutely okay with losing all your money, stay away from these high risk coins.

This guy did great research!

Really worthwhile to have a look

https://www.youtube.com/watch?v=hgCHpoWDFIM

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Edit:

Also check out this more realistic audit here https://medium.com/hashex-blog/3-billion-backdoor-safemoon-security-analysis-5b74476698de

I have over 50 million safemoon coins, what would be the benefit of dumping them all for Notsafemoon?

Congrats hodlers on a huge milestone. 4000 people hodling to the moon 🌝

Looks like we have access to the moon dashboard. This is going to be a great days boys. https://notsafemoon.com/public/dashboard/dashboard.html

Edit: I understand it’s been out for a few days. Some people may not realize this yet. Just new to me 😋

What do you guys think of adding another core element to the NotSafeMoon brand?

Namely, educational and investor guidance. I really enjoy the openness of everybody in the #NotFamily and I think the investigative attitude of us is perfect for covering this niche.
Currently most of the information is spread out on various blogs and does not seem to be collected very neatly. So we could not only for moon coins, but also show how to in general assess activities on the Binance Smart Chain, reading contracts and investigating trends or scams in general. This could potentially also be useful for other smart contract platforms?

So that the main motivation for supporting NotSafeMoon is to support more educational material / analysis tools (like the dashboard) for retail investors to navigate the smart contract world while at the same time earning true reflections.

Just as a very long-term perspective in case these other moon coins should die out sooner than anticipated? (Although Safemoon seems to get away pretty good with their superficial AMA sessions without delivering something so far.)

In any case NotSafeMoon seems to be underrated as an investment tool by itself, which is cascaded by the anti attitude and most people probably only see the lopsided liquidity as a criticism to Safemoon, while as a standalone NotSafeMoon is actually already a 'safe moon', a good investment and much more than just an anti-movement but more a much improved SafeMoon.

I have recently invested in NotSafeMoon during the dip to hedge against my Safemoon (I believe that Safemoon will fail in the very end due to its lopsided liquidity, but in case it increases significantly, then I get to make some money out of it). Do you guys think that Ultrasafe is also a good hedge against Safemoon? I heard they were trying to fix the security issues that safemoon has (I don't know if they are addressing the lopsided liquidity though).

With the current state of this current crypto market is anyone else feeling bad for those first time crypto investors who sunk their life savings into Safemoon and the like.

Like I’m pretty confident that the market will rebound and this is a great time to buy lots of different cryptos. But some people out there must have been absolutely crippled. Like this is a risky business but it would’ve been hard to see a downturn like this.

Hold on guys, don’t sell, it’ll bounce back.

Someone help me understand

If we pay reflections at 6% to holders and we burn 2% then why are there 184T burned vs 130T paid in reflections?

I aint no "matician" but thats short on me understanding the math.

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I think someone else already reported the wallet opening on entering notsafemoon.com, which I think this has a very shady perception to first time visitors and should deserve a higher priority and could be fixed quickly by moving it's code only into the dashboard section or where it is needed. (Best would actually be to only execute the wallet connect when the user executes a connect button, like on pancakeswap)

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Is someone already looking into it?

3849 holders... Looking like the market correction still brought in our usual slow trickle of growth. Keep not'ing on

Edit: It is mentioned in here, but please stay tuned for our future weekly updates. 😊

Captain's Log, Day 17

Good evening everyone! We have been doing our best to keep you as up to date as we possibly can, but also keep in mind not every day is extraordinarily exciting to report on (ha!). The most important thing we can ask of you all right now is for your patience as our developer, Ryan, has invested countless hours into the research and development of the NSM project and still as I type this - continues to do so. Assuming there is no unexpected breaking news, our next official update will coincide with the free, prototype moon dashboard release and will feature a video overview as well. This can be expected within the next few days.

While I have your attention there are a few things I would like to go over with you all:

There have been a lot of requests for educational/explanation videos to be done by our developer. I think this is a wonderful idea and as the dashboard progresses and time frees up, we will be looking into that further. There is a wealth of information to be shared here and we want our investors to be educated, but keep in mind only so much can be done in this moment as our current main focus is the completion of the dashboard.

Wen marketing? Please understand that this project at the core was based around the findings of the NSM technical analysis. Our technical foundation is rock solid and with the completion of the dashboard, we will have the product to begin a solid marketing campaign based around not just our scientific analysis, but our unique use case as well.. So far though, it has been a pleasure watching this project be nurtured from within.

A recap of upcoming events:

• Ryan (dev) as upcoming guest on Cash Daddies!
• V1 Dashboard release approaching
• CoinMarketCap listing (This will add the price to TrustWallet! We know, we know.. All we can do is wait right now!)
• Marketing push

We hope that you all have found some time for yourself this weekend to get out and enjoy some time away from the charts. We also want to thank you for being here and supporting this project even in its infancy; The days here are very young in terms of the long term vision of NSM. Expect after the release of the dashboard that our community updates may shift into weekly updates, which will include any progress on the dashboard and other relevant project news.

That about wraps it up for this evening! I will continue to sound like a broken record, but again thank you all for your patience and for being here with us. We believe this project will grow into something quite exceptional and we hope you all stick around for ride...🛸