According to TechFlow on February 16, as reported by beincrypto, the DeFi protocol SafeMoon announced the launch of a meme coin based on the Solana blockchain, aimed at enhancing liquidity and providing SFM holders with opportunities to exchange tokens for new assets. The new coin will adopt a relaxed model with no predetermined use, focusing on community interaction and participation. At the same time, SafeMoon recently burned 2.20 trillion SFM tokens and plans to support automatic exchanges through the VGX wallet to inject liquidity into the ecosystem. This initiative aims to move away from past controversies and legal issues, placing the project's future entirely in the hands of the community.
The team emphasizes that the smart contract has not been made public, reminding users to avoid purchasing any unofficial versions of SafeMoon tokens to prevent falling victim to scams.
<a href="https://www.techflowpost.com/newsletter/detail_33132.html">Previous news</a> reported that the SEC and the U.S. Department of Justice accused the DeFi protocol SafeMoon and its executives of fraud.

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According to Deep Tide TechFlow, on February 16, as reported by beincrypto, the DeFi protocol SafeMoon announced the launch of a meme coin based on the Solana blockchain, aimed at enhancing liquidity and providing SFM holders with opportunities to exchange their tokens for new assets. The approach will adopt a casual model with no predetermined purpose, focusing on community interaction and participation. Meanwhile, SafeMoon recently burned 2.20 trillion SFM tokens and plans to support automatic exchanges through the VGX wallet to inject liquidity into the ecosystem. This initiative aims to move past previous controversies and legal issues, handing the future of the project entirely over to the community.
The team emphasized that the smart contract has not yet been made public, reminding users to avoid purchasing any unofficial versions of SafeMoon tokens to prevent falling victim to scams.
<a href="https://www.techflowpost.com/newsletter/detail_33132.html">Previous news</a> reported that the SEC and the U.S. Department of Justice charged the DeFi protocol Safemoon and its executives with fraud.
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SafeMoon has announced the launch of a new meme coin on Solana, though the contract has not yet been made public.