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SAFEMOON WALLET PLAN TO DESTROY BINANCE AND COINBASE AND REACH $1 - EXPLAINED - YouTube
Channel: CryptoAddicted
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Hello and welcome back to my channel.
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In this video I will talk about Safemoon and
explain all the recent teasers about their
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upcoming Wallet.
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This video might blow your mind, so make sure
to watch this video until the end.
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Disclaimer.
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Also if you are interested in getting price
predictions and crypto news literally every
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hour, then join my telegram channel, we already
have more than 1500 people.
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I want to start this video with a funny story
from a reddit user.
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"A Tow truck driver arrived at my house today
to pick up my Humvee and saw the house and
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asked what I do for a living.
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I told him that I am a Professional investor.
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And there comes a question ”Can you show
me how to buy Safemoon!?”
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Cracked me up and yes, yes I showed him."
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Do you understand?
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That's the main problem with Safemoon currently.
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It is too complicated to purchase Safemoon,
not mentioning beginners who have no idea
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what the swappers mean.
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That's why we have small volume and price
at all at the moment.
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Once the Safemoon team will realise their
wallet/exchange I believe we should see a
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big spike in price.
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Do you agree?
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Comment down below.
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Alright, so now let's move to news and updates
of Safemoon.
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One of the most discussed things for the last
24 hours is the golden "100 Million Circulating
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Supply".
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If you didn't know, Safemoon was launched
in March and had a 1 quadrillion hard cap.
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A hard cap is the limit placed by a blockchain's
code on the absolute maximum supply of a particular
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cryptocurrency, A hard cap doesn't allow any
further creation/circulation of its units.
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And for now the number is around 600 trillion.
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So many people asked "How is it possible to
get from 600 trillion to 100 million?"
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A simple explanation is token burn.
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As you guys know, SafeMoon employs a protocol
in which they discourage day trading of their
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coins to fix the price volatility issue.
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SafeMoon announced a rewarding process for
the long-term holders of the tokens.
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People selling the tokens will be hit by a
10% penalty tax fee on the transactions and
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5% of these penalty transaction fees will
be distributed to the current token holders,
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and half of the remaining 5% will be burnt.
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For the last 24 hours we have had around $20
million trading volume, so it is clear that
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a way from 600 trillion tokens to 100 million
should take some time.
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But Safemoons CTO, also known as "papa" recently
said that it can be done differently than
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a burn, so what could it be?
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I'm not the only one who wondered about this,
one of Safemoon fans asked for a hint and
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Papa replied with this strange symbol.
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The question is what is this and how is related
to reducing the supply?
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After giving this hint papa said "Good luck
with this hint, looking forward to the theories.
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I'll be right back."
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So if we go to his linkedin account, we can
find that from January 2019 to April 2019
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he worked as Backend Engineer for something
named Hoard.
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Exactly the same symbol by the way.
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But scrolling down to the Volunteer Experience
section, we can find that from april 2019
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to today he is an Open Source Developer in
Hoard.
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So what is this "Hoard" actually?
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Briefly speaking, Hoard is a cryptocurrency
wallet project.
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Hoard, the cryptocurrency app you can bank
on.
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An open source mobile wallet that combines
peer-to-peer transactions in crypto and cash
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with a second layer solution connected to
decentralized exchanges.
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We’re being called the killer crypto app;
the missing link to mass adoption that’s
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solving the last mile for consumers and the
new crypto economy.
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Does it sound familiar?
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Not yet?
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Well, then keep watching this video.
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"To empower anyone, anywhere in the world
to hold, track, transfer and transact with
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any digital asset from their mobile device,
privately and instantly.
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We’re not building a bank, we’re reinventing
banking."
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Sounds familiar now?
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That's exactly the same thing Safemoon is
trying to accomplish now.
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Take a look at this small video and try to
notice one small hint.
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Have you found it?
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Comment down below.
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"After papa posted this on discord I did some
digging and found an old website talking about
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what hoard is about and what their plan was.
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Let me save you the suspense, here is a direct
quote from the website.
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Some information or direct quotes found on
the website are.
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"To empower anyone, anywhere in the world
to hold, track, transfer and transact with
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any digital asset from their mobile device,
privately and instantly.
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We’re not building a bank, we’re reinventing
banking."
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More stuff from their website.
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"Picture this… an open source mobile wallet
developed for iOS and Android phones that
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can hold any cryptocurrency across any public
blockchain while you maintain full control
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of your private keys.
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A peer-to-peer payment system that removes
copy/paste methods and slow block times and
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relies on your device contacts, u/usernames,
email address or phone numbers, even if the
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recipient doesn’t have the Hoard app or
a crypto wallet.
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Within that same mobile wallet you can instantly
swap any asset for any asset without a complex
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trading experience at minimal fees.
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Track transactions and market performance
of your assets stored on other platforms.
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Execute fiat-to-crypto and crypto-to-fiat
buys or sells at macro or micro levels with
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additional plug and play rule-based automation.
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And lastly, through QR payment technology,
Hoard users have the ability to make purchases
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directly to merchants using cryptocurrency
and the merchant receives payment in the form
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of currency they prefer, including fiat, at
the time of sale.
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No banks, no card issuers, no middle men."
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This is absolutely insane, Is this part of
project Pheonix or is safemoon bringing this
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aspect but with new features?
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Perhaps who knows for sure, only papa and
the safemoon team.
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What I find interesting is that this website
has the date of September 14, 2018 so maybe
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the project went under or perhaps maybe the
world wasn't quite ready for crypto back then.
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The next hint by papa was this picture.
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A picture with Smaug, Lord Of The Rings character.
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This was a thing that got many people confused,
but look what I found.
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The website medium(dot)com has an article
explanation of Hoard version 2.0 and if we
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scroll down, that's what we can find.
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Meet the Smaug Network.
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In the future, nearly everything of value
will be tokenized.
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Ownership and equity.
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Barrels of oil and bars of gold.
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Fiat currencies and cryptocurrencies.
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The Hoard app is your place to manage these
assets, but what about an open market to exchange
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and convert them?
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Smaug is the pipeline exchange technology
that enables assets to be individually accessible,
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globally verifiable, and instantly transferable
across any chain.
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Again, open-sourced, distributed, and decentralized.
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By the way, take a look at the Hoard Wallet
interface...
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And now take a look at the Safemoon Wallet
interface...
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A coincidence?
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I think not.
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The big question is whether Safemoon partners
with Hoard, or gives them credit for similar
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ideas.
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Or maybe HOARD is SAFEMOON?
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Well, that's not yet known, waiting for more
hints from papa and other developers.
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Subscribe to this channel for daily content
and to always be updated.
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By the way if you have any theories about
Safemoon, feel free to write it down below.
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If you enjoyed this video, then please like
this video and comment something, this would
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really help me out to reach the youtube algorithm.
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But, note that I'm not forcing you to invest
in this project.
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It's 100% your personal decision.
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Also if you are interested in getting price
predictions and crypto news literally every
[500]
hour, then join my telegram channel, we already
have more than 1500 people.
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Don't forget to check out other videos on
this channel.
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Thanks for watching!
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