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SafeMoon announced the launch of a new Meme coin on Solana, and the contract has not been made public yet.
According to the news from TechFlow on February 16, SafeMoon, a Decentralized Finance protocol, announced the launch of memes based on the Solana blockchain, aiming to enhance Liquidity and provide SFM holders with the opportunity to exchange tokens for new assets. It will adopt a relaxed mode with no predefined use, focusing on community interaction and participation. At the same time, SafeMoon recently burned 22 trillion SFM tokens and plans to support automatic exchange through VGX Wallet to inject Liquidity into the ecosystem. This move aims to get rid of past controversies and legal issues, handing over the future of the project completely to the community.
The team emphasizes that the smart contract has not been made public yet, and reminds users to avoid purchasing any unofficial versions of SafeMoonToken to avoid being scammed.
Earlier news, the SEC and the US Department of Justice accused Decentralized Finance protocol Safemoon and its executives of fraud.