I bought in to SAFEMARS, swapping my $VIDYA on UNISWAP for about ~$21USD worth of $SAFEMARS on 4/5/21, so 15 days ago, @ about $.00000007 per coin.
SAFEMARS as of now, 2:20PM UTC is @ $0.00000114 per coin which is over a 700% pump. The hype machine for SAFEMARS is significant from what I've seen. Lots of youtubers, including Mr. Beast, have talked about the coin before. With the announcement from the NASA team about their successful launch of their gyrocopter on the Red Planet, this coin saw a healthy bump riding that extraterrestrial news of another successful IRL science mission on the actual planet. I think we're going to see this coin clink around the proverbial world's slot machine for a while longer.
So, what is $SAFEMARS? Is it a scam? Is it a pump-and-dump of epic proportions? I don't think it's either of those things but obviously only time will tell. Here's what I do know and what I am happy to tell you though. I've included screenshots of my actual holdings in my Wallet. Please don't take anything I'll say here as financial advice; I'm a total idiot and don't know what I'm talking about. I just am holding digital roopies like you and am an excitable little apeling :P
Their site - now including their DEX, AMAZING!: SafemarsCrypto
Here's the White Paper: SAFEMARS White Paper
Here's the Certik project overview: SAFEMARS Project
Their twitter: SAFEMARS Twitter
Their Telegram: SAFEMARS Telegram
This is what the contract (below) stiuplates for SAFEMARS. SAFEMARS smart contract applies a 4% fee on all transactions (buys/sells). Out of this, 2% is automatically distributed to all hodlers. Impermanent loss is partially mitigated, I believe, because of this re-distrubtion to all hodlers. 2% out of every transaction is sent to the blackhole liquidity pool so the asset is automatically deflationary, increasing worth of the token in theory if the project lasts.
Here are some of my own screenshots showing the trajectory of the project just in the last couple of weeks:
My first screenshot two weeks ago
And this morning! 1000% increase!
I've participated in the Reddit (very active) and in the telgram (maybe obnoxiously active lol. Today especially)
Who is behind the project, is it safe?
They claim the project is run entirely by anyonmous volunteers from around the world and the team wallet is solely held by the central developer, @TheCryptoMartian.
I am really concerned about safety of investments and whether or not I/we can the rug pulled out from underneath our feet when we ape into altcoins like this project's. I was relieved after reading the white paper and communicating with others in Telegram and with the devs (who, unfortunately, remain anonymous...which I DON'T LIKE).
Utility
None of this has any utility if we can't trade out of our position, am I right? Well, they JUST launched their Dex on BSC so you can swap out your bag of millions/billions/trillions of $SAFEMARS for any BSC coin. It's completely integrated with METAMASK on BSC too. The future is now?
So, how does the project seem to you so far? Scam? Elaborate pump and dump? Or is their some legs to this project that will carry it through the inevitable cold winter of the "bear market"?
My final thoughts: Overall, I really like the trajectory of this project. After the fiasco of SAFEMOON, SAFEMARS and SAFEEARTH, run by the same people, seem like they could actually be a SAFE investment.
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