A naukri.com initiative
Coinjournal
4w
146
Image Credit: Coinjournal
Can the SFM token rise with the new SafeMoon on Solana council?
- SafeMoon has relaunched on Solana with a new DAO and leadership, aiming for a comeback after past scandals and losses.
- The project is under a fresh team on Solana, striving to rebuild trust and deliver on promises to boost the SFM token value.
- Legal issues due to past scandals, including fraud convictions and a significant hack, still loom over SafeMoon's reputation.
- The new SafeMoon council on Solana seeks transparency, accountability, and community engagement to reshape the project's image.
- A governance proposal by the rebranded SafeMoon DAO, introducing a 'reflections-style' reward system, receives strong community support.
- SFM's price shows signs of recovery but faces cautious sentiment and fluctuates around $0.00001418, depending on market movements.
- The reintroduction of governance rewards linked to participation aims to encourage long-term engagement and utility for the SFM token.
- Despite optimism and growing grassroots engagement, analysts warn that current selling pressure could hinder SFM's upward momentum.
- The project's success and SFM token rise will depend on the new team's ability to deliver results and regain community trust.
- SafeMoon holders hope for a resurgence under the revamped leadership, focusing on accountability and community involvement.
Read Full Article
8 Likes
For uninterrupted reading, download the app