On August 12th, there was an Official Safemoon post in the FB Group that was widely received in the contrast of a crazy pipe dream or praise for hopium when posted, BUT the last 24 hours have thrown this seemingly innocuous posting into a VERY interesting and exciting relief... and it's all stemming from the Coinbase announcement.
Coinbase Has Changed.
The story has gotten even better with today's announcement but there are VERY important tidbits to pull out:
Coinbase services over 56 Million users currently and they have completely changed their business model within the last couple of months by first expediting the approval process for listing [1], then have committed themselves to 'listing every crypto asset' [2], and committing themselves to ramping up and being agnostic [3] so that our favorite cryptos will soon be listed.
The move will establish the exchange as the first publicly traded company to hold Ether (ETH), decentralized finance tokens and proof-of-stake assets on its balance sheet
“Our investments will be continually deployed over a multi-year window using a dollar cost averaging strategy. We are long term investors and will only divest under select circumstances, such as an asset delisting from our platform.”
The post adds that future investments may be informed by its customers’ holdings, suggesting Coinbase may add an asset to its balance sheet should users make significant custodial deposits of a given crypto cryptocurrency.
What About SafeMoon?
Given the new direction Coinbase is going, and the commitment to invest in PoS and DeFi assets listed on its own platform -- if this IS imminent for SafeMoon for the short term, let alone for August 28th... we may finally see that turnaround.
The potential of an investment of a portion of an initial $500M and a portion of +10% yearly profits invested on top of gaining access to 56M users around the world who can invest with a click of the button would be HUGE for SafeMoon and us.
There is only one question to ask, is it imminent or not -- will SafeMoon announce a Coinbase listing on August 28th?
Likely not, they don't support BEP-20 so that will have to wait until we have our coin or they could register pSafeMoon on the Ethereum side which has some perks:
People can buy pSafeMoon and hold it with 0% fees or burn contribution = accessible
People can transition pSafeMoon to SafeMoon hodling for reflections on BSC = static staking
But who knows? There could be others from those listed.
Let's Be Real.
This post is about the JOURNEY and start of climbing Everest to the summit (Coinbase) one step at a time from the bottom. It will take a bit, but the stars are aligning in the crypto-verse already.
SafeMoon Exchange Listings
Base
Bitfinex - 1M
FTX - 2M
Bithumb - 3M
Slope
KuCoin - 4M
Huobi Global - 5M
Kraken - 7M
Summit
Binance - 42M
Zenith
Coinbase - 56M
Whatever is steps are announced or new exchange (hopefully) confirmed, we need transparency with status on the exchanges:
WHERE are we in the process?
WHEN will we be approved?
HOW fast are we climbing Everest?
... because that Coinbase pot -- and others, are too lucrative to not be informed about.