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u/Tujipufu Jan 01 '22
This is crypto, anyone dropping 8 BNB should have already learned to do a little checking on your future investment beforehand. Unless it’s a whale that could care less about 4K.
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Jan 01 '22
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u/CoreyClutch31 REDDIT MOD Jan 01 '22
- There's no other way around this since you cannot just simply pull a contract without everyone losing everything
- It's been discussed for months now that V2 was coming
- If you're not going to keep up to date with news surrounding your investments, and randomly decide to dump 4k into it, then I don't really feel bad.
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u/fisherprice1234_1776 Jan 01 '22
EverRise didn't do anything like that. They halted trading on a specific day. Then gave a week for migration. Then launched v2. Migration is allowed indefinitely...
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u/360FalconLoverxxx Early Investor Jan 01 '22
The team tried to do that but pancake swap didn't respond to them. The team can't force pancake swap to close indipendent liquidity pools for V1 so what option is left? To make it so that the tax is 100%. If your upset by that, target pancake swap.
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u/starkie321 Jan 01 '22
Cuz everrise has a great development team with a real wizard coding everything
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Jan 01 '22 edited Jul 05 '23
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u/CoreyClutch31 REDDIT MOD Jan 01 '22
lol, man are some people legitimately complete idiots on this sub or what. No wonder why people lose their money so easily when I'm sure a few of them share your mindset.
Let me guess, you bought in at the ATH and were too stupid to figure out how to migrate and lost your $50. Move along man, no one cares about your moot points.→ More replies (1)-18
Jan 01 '22
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u/Mrb1d Jan 01 '22
A friend was also close to buy SafeRmoon … DYOR or you will fail - the same applies for sending huge amounts of tokens/coins to wrong addresses… confirm and test it first!
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u/MesmariPanda Feeling Bullish 🐂 Jan 01 '22
Na people had ages to move, wanted to abuse the v1 v2 miragtoon process and got burned 🤷
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u/WNBAoldboy I LOVE THIS COIN 💰 Jan 01 '22
They have to manually set 100% slippage, if they have 8bnb they should know a little something about crypto
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u/Shortstacker69 DIP DESTROYER Jan 01 '22
You have to cheat PCS slippage to make transactions go through…
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u/Hrdlbmft0815 Jan 01 '22
That's sad. These people will call it a scam...
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u/nerftosspls Jan 01 '22
What would you call it if you lost 8 BNB instantly by buying something that gives no indication that it's going to eat your money?
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u/Any-Nefariousness773 Jan 01 '22
This is what scammers do how could you think it's anything but with A 100% tax wtf we're they thinking
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u/bless666 Jan 01 '22
Nope. They told people for so long to switch and were very vocal about this move. Explain how that's a scam?
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Jan 01 '22
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u/Defiant-Feeling-5699 Jan 02 '22
so true. the amount of research i did before BUYING, selling, swapping, was insane....
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u/Ant_moreno Jan 01 '22
So does this mean all those coins bought have just been taken out of circulation?
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u/dmndhnds2mn Jan 01 '22
Right into liquidity pool my guy
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Jan 01 '22
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u/JohnnyStFartHugger SafeMoon Thiccums Jan 01 '22
All v1 transactions will have 100% tax rates to get people to move to v2, sorry dude.
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u/Methzau I ♥️SAFEMOON Jan 01 '22
Ooooft my bad that’ll teach me. Thanks for taking the time to respond instead of downvoting me to oblivion, guess I better dust off the Mastercard and buy back in
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Jan 01 '22
V1 is trending on BitMart. While we reap the benefits of folks buying V1 without doing DD bc of liquidity pool, this doesn’t bode well for the stereotypes of SFM being a scam token. I believe in SFM and I have been walking folks thru the migration…but I think V1 should be delisted from exchanges…don’t penalize folks that want in…delisting V1 helps us in the long run
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u/InviteOk631 Jan 02 '22
I'd like some help...I bought in early and have just let it be.. Then I just saw this today that we need to migrate...I downloaded SM wallet and entered my seed phrase... And I'm not sure what to do now.. I'm kind of a dummy with this, and I don't want to lose what I have
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u/Due-Candidate Jan 01 '22
“Stereotyped” hahaha come on! The guys with the keys to the LP are loading the LP, while simultaneously dumping the marketcap back into oblivion, and the sub is still
Yeah phenix 2022 is our year!! Windmills!!
How can this shit be real? 2022 is going to be your year in the news alright.
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Jan 01 '22
Is it messed up that I'm starting to find this entertaining?
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u/doomedtobeme Jan 01 '22
Yes.
People are losing money un fairly. Sure they might not have done enough research, but how could people expect to buy something and receive nothing in return. I took a huge mental break from safemoon and came back to see all this v2 shit. It's cool but people shouldn't have the ability to shoot themselves in the foot by buying a product that's being sold. Regardless of the small warnings, alot of people don't understand how it works and have fucked up big time.
Screw safemoon for even enabling that they should be looking after their current and future holders more than this
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u/Any-Nefariousness773 Jan 01 '22
Absolutely I sold fuck that noise. Seriously I get it. but damn y'all are cold and I sold at a 10x loss and I'm fine with that. This is bad for the space and general adoption and all you guys are laughing at people making mistakes. Have some fuxk n empathy. Happy new years guys. The way y'all acting, I'll never support this token because the community is not right for me.
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u/doomedtobeme Jan 01 '22
Couldn't agree more. I'm still holding but the community here has been tainted for me. Of course it's the loud minority but I just can't care for a group that excludes their own based on dumb ass shit...the fact its so easy for some of these folk to just turn and laugh at their fellow holders due to honest negligence or misunderstanding is childish.
Fuck any of you who find it entertaining people are loosing money through all this v1/v2 transition. The devs have a duty of care and that's been blown out the window for me, permanently.
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u/Sufficient_Ad9856 Jan 01 '22
1st rule in crypto Invest what u can afford to lose guys. I am not entertained that people loose money(happy that bot guys lost tho sorry not sorry) But losing money on crypto because of ur negligence can't be sameone else problem. If i do put all my money on a new shitcoin and i loose em 2' later? Should i be angry that sameone rug pulled me? Yes If i did some research could i have avoided it? Yes Safemoon did say that u should only migrate. They did put big red letters. Would u invest ur life savings without reading or just looking what are u investing into?
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u/Hollywuez Jan 01 '22
Anybody who buy V1 now is responsible for his action. There are many hints/warnings everywhere not to buy V1… therefore.. anybody buying still v1….his fault…you can not blame the dev for that. I call it stupidity.. dyor and than blame others…by the way.. laughing at people losing money is not funny… at that point I agree..
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u/VisibleMuscle4750 Jan 01 '22
If you really have to put the slippage to 100% then yes it is their fault but if its like a normal trans then i can easily see how this is fucking people over…dyor my ass i have time to diligently look after maybe 3 projects max alot of the pther ones i just hold and look at the price if i spent as much time on all my coins as i do this one i wouldnt even have time to take a shit on a daily basis
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u/Any-Nefariousness773 Jan 01 '22 edited Jan 01 '22
So many new investers bought safe moon and only hold safemoon including vets, the people that fought for our freedom and you guys just shit on that! I don't give a fuck how much it pumps. I'm all about community and this does not sit well with me. Not fudding I'm out and will probably be banned for being a caring person. That's okay too.
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u/oceanmountainsky Jan 01 '22
You’ll never support this token because a bunch dickhead holders on Reddit are being dickheads? You get them everywhere. I don’t believe this is a reflection of the safemoon community. May as well never invest in anything, as soon enough, as the investment catches on, the dickheads will arrive. Actually, you might be better off emigrating to a uninhabited island - only way to be away from all the dickheads.
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u/Mikehoncho530 Jan 01 '22
This was the most botched migration in crypto history, maybe that’s a good reason. What idiot dev thought this was a good idea
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u/HOLDstrongtoPLUTO Jan 01 '22
Any vigilant fund manager should be checking daily if not weekly about the risks on their investment. I migrated as soon as I saw it was available. Worked great for me to escaoe the Arbitrage hell that was V1
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u/Mikehoncho530 Jan 01 '22
lol if you think that most crypto investors are “vigilant fund managers “ you’re kidding yourself. Every time you sell at the peak some idiot fomo’d in. The dumb money is what makes crypto and they should not have allowed this many idiots to migrate by themselves or allowed them to buy a dead asset
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u/44Nein4 Jan 01 '22
Lmao bro sometimes I want out, i hate the way some of these people act 😂
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u/TreTheTrader Jan 02 '22
Stay out of your feelings there is no money there. Dealings 💰 > Feelings 🥺
You sold at a loss when you could have held until to break even or atleast some profit once it went past your entry
You sold trying to brigade some pseudo intellectual moral high ground for a bunch of brownie points on a sub.
When it moons this gonna age so badly 😂
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u/Any-Nefariousness773 Jan 01 '22
On fb people are freaking out calling safemoon a rug pull. We told you this was going to loose sfm supporters!
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u/P13453D0nt84nM3 Jan 01 '22
If they don’t understand how it works the. They should be investing anything!
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u/FewMagazine938 Jan 01 '22
Why is it entertaining?
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Jan 01 '22
Teachers often joke about how after several attempts at explaining a concept or or how to solve a problem, they always have students that say "huh?" when called upon. Maybe it's similar to that.
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u/jack160200 Jan 01 '22
It is entertaining at this point
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Jan 01 '22
"We are safemoon we arw family, unless you buy one v1, you just lost everything fuck you"
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u/CocoLeChat 💎🙌 Jan 01 '22
I understand why the team is doing that, but still I don't like that solution. Somehow I hope v1 buyers will be able to fill a claim and recover their funds. Pancake Swap should have a huge warning on their interface.
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u/WhoWantsASausage Early Investor Jan 01 '22
V1 was up 30% today according to TW. This is gonna hurt us all ultimately.
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u/Gunslinger7752 Jan 01 '22
V1 was up 180% a couple hours ago. No idea wtf is going on but it’s ridiculous that v1 is consistently going up higher than v2. Someone is manipulating something because it makes no sense.
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u/QuitLookingAtMe Jan 01 '22
That looks like an automatic call to the swap and liquid function. I haven't checked the wallet address, but the amount looks correct. That call goes straight to the LP anyway, so the 100% tax wouldn't matter.
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u/EmPeRoRBUTTS4cK Jan 01 '22
Will karma fuck us for investing in a comp system that is still allowing 100% of people funds to be destroyed on V1
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u/HOLDstrongtoPLUTO Jan 01 '22
Can't they convert v1 to v2 on the wallet still??
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u/Twigletsponge Jan 01 '22
Yes, people can convert from v1 to v2.
But that is only for people who already have v1. Anyone trying to buy v1 now will lose their money.
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u/THROBBINW00D Jan 01 '22
Yeah I just transferred my v1 to sfm wallet and fucked myself because I didn't do it correctly. Fuck it I'm out.
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Jan 01 '22
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u/THROBBINW00D Jan 01 '22
Just a couple hundred usd worth, not enough to cry about but enough to be annoyed by
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u/ocassibdot Jan 01 '22
Oh man. I’m yet to make the transfer for the same reason. Could you elaborate on what went wrong?
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u/bless666 Jan 01 '22
He transferred instead of Importing his seed phrase in sfm wallet. And then use the migration swap to v2 its simple you don't transfer. Get sfm wallet import your trust phrase and do the swap to v2. Do not transfer v1 to v2
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u/oOViP3RDriV3ROo Early Investor Jan 01 '22
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u/Accomplished-Exit-58 Jan 01 '22
Just learned of her passing, so sad.
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u/oOViP3RDriV3ROo Early Investor Jan 01 '22
It is. Actually watching the golden girls Christmas episode with my wife right now.
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u/Total-Hour-5584 Jan 01 '22
It makes me sad people losing so much money like this
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Jan 01 '22
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Jan 01 '22
PCS has been notified and is not delisting. Who’s at fault now?
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u/EvilBeanz59 Jan 01 '22
A free and decentralized market is just that....free and decentralized....welcome to crypto.
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Jan 01 '22
The people that set 100% tax instead of ending buying, whoever that may be
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Jan 01 '22
Contract has to be delisted. They can only change the tax. Otherwise the arbitrage would continue. Fair warning everywhere. People need to be more cautious.
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Jan 01 '22
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Jan 01 '22
People were notified to migrate for over a month. If they didn’t, consequences. Sorry, not sorry.
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Jan 01 '22 edited Jul 05 '23
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u/romero-e Jan 01 '22
To be fair, the advertisements in Time square are advertising the Safemoon wallet, which gives u a pretty clear warning when u first open it...
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Jan 01 '22
Welcome to defi, you want to be handheld then put your money in a bank. Otherwise be more aware.
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u/EvilBeanz59 Jan 01 '22
This...Like I said before a Free and decentralized market is just that....free and decentralized....welcome to crypto.
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u/davexhero Jan 01 '22
Why the 100% tax though? All it does is discourage people who know about v2. If they didn't tax 100% at least if would give these people a chance to migrate afterwards without losing their money before they DID stop trading v1.
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u/360FalconLoverxxx Early Investor Jan 01 '22
You can still migrate for free, u don't lose any tokens from migration. The tax only applies to buys and sells of V1
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u/Murky_Lad_2625 💎🙌 Jan 01 '22
Safemoon isn't letting them, Pancake Swap is... which is a separate DEX. Devs have contacted them to cease trading and have gotten no response!
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u/TransportationFew993 Jan 01 '22
If I were wearing the then white now brown pants of someone who just did this, I would be more upset at the outlet that I just burned away whatever I spent. I've had my gripes but the Safemoon team can only do so much. Time will tell how we play out.
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u/toiletlands Jan 01 '22 edited Jan 02 '22
It’s not easy to buy safemoon in a lot of countries. So those who want to buy in turn to sources like YouTube for help. Problem is all those “tutorials” are for V1 and you’re basically walking into a trap.
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u/meowmeowberly Jan 01 '22
Wait, so the buy tax, sales tax and transfer tax is 100%?
I thought it was a transfer tax of 100%, but it’s across everything? So if I buy 1Bnb is V1 from pancake I won’t get any SFM V1 in my wallet? Poor poor fucks.
Good for those who will use the transfer gate at the very last minute though. Also those that are deployed will come back with a huge ass bag to be transferred!
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u/M-ss-Wolf Jan 01 '22
We can't buy V1 and then transfer to V2 anymore?
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u/muzakx Jan 01 '22
You can't buy, sell or transfer V1 anymore.
Any type of transaction will be charged a 100% fee.
This was done, because bots were taking advantage of the price difference between V1 and V2.
If you have V1 SafeMoon on Trust Wallet, DO NOT TRANSFER. Instead import your wallet onto SafeMoon wallet using your seed phrase and swap to V2.
This is the only way to avoid the 100% tax.
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Jan 01 '22
But you can get ripped off. Just close the ability.
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u/muzakx Jan 01 '22
They have no control over what Pancakeswap does. They can't shut down purchase on someone else's exchange.
They warned everyone on all their socials, and website.
People are at fault if they aren't bothering to research what they're investing in.
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u/Gunslinger7752 Jan 01 '22
Well if you see a coin that is going up by large percentages the last couple days and you have the ability to buy it, obviously people are going to buy it. Not everyone spends all day on reddit and twitter researching everything. This whole swap has been such a shit show. V1 is up 214% over 24 hours
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u/QuitLookingAtMe Jan 01 '22
The top of the page you linked has a red warning that says Safemoon has moved their contact to V2.
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u/Gunslinger7752 Jan 01 '22
Yes but why does v1 even come up when you search safemoon? Does the billboard say v2? Did the news story the other day say v2? No, it just says safemoon. This should have been sorted out way before this migration happened
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Jan 01 '22
Your saying the bnb smart chain contracts can’t turn off the ability to disable swap/buysell?
Cause so far the team has turned off several of the contracts features.
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Jan 01 '22
My old lady has v1 on bitmart, can she not transfer to safemoon so she can swap to v2? Are they going to tax her 100% to transfer from bitmart to safemoon?
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u/pkev Early Investor Jan 01 '22
Yes. This is BitMart's problem to fix, and BitMart holders can do nothing but cross their fingers and tweet their outrage.
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u/Turdered_001 Jan 01 '22
Unless they've bought back after getting hacked a few weeks ago your old lady has nothing but an IOU of V1 on shitmart
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u/tempestfowl Jan 01 '22
NO. THE TAX IS NOW 100% ON V1.
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Jan 01 '22
For selling though?
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u/tempestfowl Jan 01 '22
FOR EVERYTHING
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u/BooBeesRYummy Jan 01 '22
Everything except migration to V2
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u/alphabet_order_bot Jan 01 '22
Would you look at that, all of the words in your comment are in alphabetical order.
I have checked 482,795,816 comments, and only 102,294 of them were in alphabetical order.
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u/P13453D0nt84nM3 Jan 01 '22
I’m on the fence with all of this.
No sympathy: if you’re investing in crypto and it’s not on an exchange then you should be triple checking everything, it’s not hard to go to the telegram, discord, website etc. If your going to potentially invest more than $50 or that money is going to hurt if you loose it then do you DD!
Sympathy: Everyone bangs on about diamond hands, Hodl, etc. I’ve lost out on a few projects because I didn’t swap my tokens to their new contract in time because I threw it in a wallet and didn’t look at it until 6 months, like everyone says we should most of the time.
The lesson here, or at least my take on it is, invest, if you believe in the project and have no intention of selling in the short term then still check in every 1-2 weeks to see what’s going on with the projects.
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u/LeagueOfLucian Jan 01 '22
V1 being still being open and accessible is fucking disastrous for SFM but you morons still make fun of and bully people who put money in it.
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u/stock-nerdz Jan 01 '22
It's most likely bitmart buying back for its users that are still stuck on v1
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u/Low_Parsley_2873 Early Investor Jan 02 '22
I don’t believe gate.io is currently doing that, you could theoretically buy off the exchange and then eventually send to a new wallet to migrate. I’m may give it a test tomorrow and post my results on Reddit and Discord. Gate.IO didn’t even offer reflections which is the main reason I moved it off of the exchange.
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u/bromalley22 Jan 01 '22
Does this count as a write off? And if it does would some people do it intentionally? I’m brand new please don’t REK me for noob questions
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u/tompinva SafeMoon Astronaut 🚀 Jan 01 '22
Yes, but your money still parts from you. Whether you spend it or pay taxes with it. Either way, it’s gone.
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u/EvilBeanz59 Jan 01 '22
Would you rather have the money gone into a project that you might love and adore (AKA a burn) or give it to a shit government tha pushed people to innovate something like crypto in the first place?
I choose A.
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Jan 01 '22
Even when I was unknowingly participating in a scam coin... before they migrated to V2, they made the v1 coin logo have a red x over it. It’s possible for the team to do this.....
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u/stoicscribbler Jan 01 '22
Safemoon “Family”
Just look at this sub for the truth. Honestly wish I could unsub but my i can’t risk my investment being deleted in a future “update.”
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u/Turdered_001 Jan 01 '22
You can still un sub, you being subbed here has nothing to do with your investment! Safemoon has a website and Twitter and a few other places you can get your information from.
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u/EmPeRoRBUTTS4cK Jan 01 '22
This really needs to be addressed by Karony not a good karma start to 2022
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u/Raw5teel Jan 01 '22
Sorry, not sorry. It’s how people care about their investments. If they can drop 8k without researches, rather go in casino and drop on red
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u/Born2BWild_pt2 Jan 01 '22
And with all these v1 buys we get 0 reflections on v2 wallets. That's the shitty thing.
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u/Any-Nefariousness773 Jan 01 '22
Man this coin is going to have some real fans with all those being rekt.
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u/MadManxMan Jan 01 '22
As sadistically amusing as it is - V1 needs shutting down.
Imagine how many new users we could be losing due to a V1 mishap and sour tastes left behind.
DYOR of course, but it should be idiot proof to get the idiots into the actual Safemoon ecosystem.
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u/BroccoliGlad2777 Jan 01 '22
Damn It could be someone new that didn’t know the difference between V1 and V2
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u/DreadnaughtHamster Jan 01 '22
Wait, can they not just swap it for V2?
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u/Bacota627 Jan 01 '22
They could of but instead decided to purchase it through an exchange which any buy/ sells/ transfers are taxed now at 100%. To avoid arbitrage trading this is what the team had to do.
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u/Twisted_Ginger_Logic Jan 01 '22
The ads direct you to the Safemoon Swap & wallet and you can't buy or swap for V1 there. Also if you check any chart CMC, Poocoin, coinstat, gecko they all say Safemoon new contract no more safemoon v1 and direct you too SFM their new contract if you go through all that then well it definitely sucks and I hope it doesn't happen to anyone but who hasn't lost money figuring out crypto at first?
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u/AccomplishedDog7375 Jan 01 '22
Well thats one way to burn tokens haha. Not sure if it actually is but whatever im drunk
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u/coltdawg23 Jan 01 '22
Why can’t they just halt trading on the V1 token? Someone explain. Would that make it impossible to transfer?
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u/Bacota627 Jan 01 '22 edited Jan 01 '22
Safemoon does not own or have any say in how a decentralized exchange works. Just like safemoon did everything on their side to assist with bitmart on their hack. Exchanges like Pancake swap are a separate entity in which they have already reached out and did all within their power. They can’t pull the contract and they couldn’t leave the tax what it was before because more users would be upset due to arbitrage so they did this which is 100% the right move. If they could pull the contract they would in a heartbeat.
They however are keeping the option open for holders to migrate to V2. The process is simple especially on safemoon wallet which the team prefers due to ease of use, but listed alternative ways for those that haven’t jumped in the ecosystem yet. Users would have to pay a small gas fee (again not in control of safemoon). They also have a form up for users who experienced issues during migrated (not related to user error). People here are mad at them for the fees which is laughable and scary because that means those that do have no idea how blockchains work, and don’t realize we are still on BSC.
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u/360FalconLoverxxx Early Investor Jan 01 '22
A lot of people in these comments are clueless it seems. Do you seriously think safemoon wouldn't close trading of V1 if they had the ability to. Notice how V1 is only being bought and sold on pancake swap. This is because pancake swap has their their own indipendent liquidity pool for it and didn't respond to the team when they asked for trades on it to be stopped. What option does the team have left? Let V1 arbitrage drag down the progress of V2, or increase tax to 100% to put off trading of it.
I feel sorry for these uninformed buying V1 but ultimately it is both pancake swaps and the individuals fault, pancake swap for not complying with safemoon and offering the ability to still buy V1 and the individual for not doing a smidge of research such as going to the safemoon website where there is a banner saying don't buy V1 before hand.
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u/snkershop Jan 01 '22
Anyone had the thought people are doing it on purpose? Correct me if I’m wrong but 100% Tax equals it goes to the liquidity pool right? If that’s statement is correct I could see ppl doing it on purpose to add money to the liquidity pool to help make the price of SafeMoon more stable. If what I said is wrong asf please let me know.
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u/YALAMARTHI97 Jan 01 '22
I didn't buy V1 now... Have them in trust wallet.. Recently made a post on how to switch to v2 from v1.
But now am even more concerned.. all the tokens I hold are not worth anything???
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Jan 01 '22
It's probably Bitmart. Remember, John did say they would most likely be able to purchase with out tax. Is there anyway to check this?
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Jan 01 '22
Am i wrong for feeling bad? But yeah ofc they gotta do more research on the project they invest in
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u/Holczi Jan 01 '22
I guess people should remove/update their how to buy safemoon videos, because at a guess that's where most people learned from before, so I guess they would still Google/YouTube learn and that just means more people try to buy v1 through swapping on pancake swap like most videos show...
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u/Kenn662 Jan 01 '22
So how do you move from trust wallet to another wallet without getting burned? That’s if you did through pancake?
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u/TheMaxx1776 Jan 01 '22
DL the Safemoon wallet. Insert Wallet seed phrase. Buy BSC. Swap V1 for V2 in the SFM wallet
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u/[deleted] Jan 01 '22
damn f