The video you’re about to watch will blow
your mind! Papa has unveiled the plan for getting to a circulating supply of 100
million SafeMoon, in just two short years. And in this video, I’m going to be
explaining that plan to you step by step. So, make sure you don’t change the channel!
Disclaimer. This is a giveaway winner from yesterday.
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a SafeMoon fan, then make sure to subscribe! Alright, let’s get to Papa and the plan
to hit 100 million SafeMoon supply! If you’re new to the channel, you probably
don’t know this but there is a plan to stop the SafeMoon burn at some point. The
burn is not going to go on indefinitely. The reason this is important is because,
right now, the burn wallet is also, indirectly, a SafeMoon holder and this
means that it also receives reflections. However, as I said, the team plans to stop
the burn when the circulating supply gets to 100 million SafeMoon, which will send
reflections skyrocketing like crazy. Now, in a past video, I showed you how to
calculate how much you will earn in reflections by the time the burn is stopped. So, in today’s
video, I will not be going over that again. If you missed that video, please, make sure to
check it out on the channel.
It’s actually crazy. Plus, I also showed you why price has nothing to
do with how much you can earn from reflections. The two big factors are trade volume and
circulating supply. If we can hit a super low circulating supply and reach super high trading
volumes in billions or even trillions of dollars, you might probably need a Mack truck to carry
all the earnings you’d make from your holdings. Even if you only hold 1 million SafeMoon.
Also, remember that Papa said that whenever burn stops, your reflections will grow by the same
percentage of SafeMoon held in the burn wallet. So, since the total supply for SafeMoon is
1 quadrillion, if we stop the burn at 100 million tokens, we are looking at an increase
in reflections by over 99.99%! That’s huge! So, what’s the plan to get
this huge amount of burn? Well, someone, simply known as Hurricane,
asked in the official SafeMoon Discord. Hurricane: I have one more question. A lot of people on Twitter are excited about when
you came out a few months ago and said “look over the next two years.” And the “100 million”
question has been brought up multiple times. Now, my thought is, and I could be completely
wrong on this, is the reason why the 100 million mark was even mentioned because once
the blockchain in the ecosystem is up, we will be using the SafeMoon token as a pair
to buy other tokens like Baby Doge or whatever? Will that implement the burn even
more by using our token as a pair? And then Papa answered: Yeah, I think so.
million. I probably should have never thrown that number out there. It’s a fairly low number
but mathematically, it’s possible and that’s what I was trying to point out.
Because over the next two years, it made sense that we were going to
hit that contract threshold where the burn and the Swap and Liquify would stop.
When I mentioned that I had the consolidation in mind because I already knew that we were
going to drop the supply at some point. Back then I wasn’t sure when we were going to
do that, just sometime within those two years. Hitting 100 million is still possible
but it’s not a realistic benchmark. Now, before you get all worried and perplexed,
remember that Papa did not say that hitting 100 million was impossible.
It just might take a
little longer than the two years. I personally believe, though, that it wouldn’t take much
longer than that because of consolidation and all the other plans currently in the works,
which will contribute massively to burn. Like I told you in my video yesterday, leaked
updates suggest that SafeMoon might have something to do with the smart, sustainable city currently
being built in the Gambia. According to the plan, this project ought to be completed this year and
if SafeMoon has something to do with this project, then the burn is going to be super crazy.
From what the Gambian government revealed, this is a national development plan that started in 2018
and is supposed to take three years up until 2021. And a photo shared in May by CEO Karony, himself,
shows him in talks with the Gambian government, which further suggests that Karony might have
been a part of the plan from the beginning. Remember, that the turbines bought by the
SafeMoon team are supposed to provide energy which will be sold off as utility, probably
to the Gambian government for TAF city. Like the team said, these turbines will be
linked to the SafeMoon blockchain which will contribute to burn.
Macro IoT will definitely
also play a role in that smart city but the team has not said how this will contribute to burn.
However, we can be sure that it will, somehow. The best part of all of this is that Operation
Gambia and many other burn-inducing projects will be launched within the next 18 months. So, even
if we don’t hit 100 million tokens in two years, there’s no doubt that we will be
very close, with the exchange, blockchain, Operation Gambia, SafeMoon Connect,
and so many other projects set to be launched. Anyway, let me know your thoughts
and comments in the comment section. But for now, let’s delve into the general
crypto market where we have some mega updates. Before we get to that, though, here’s something
you definitely want to hear.
This channel has a daily giveaway of 1 million SafeMoon. For a
chance to become a SafeMoon millionaire, all you have to do is be subscribed to this channel,
like this video, and comment #SafeMoon. Good luck! Alright, back to the video.
Cryptocurrency can truly change the world. I mean, take a look at SafeMoon, for instance. It
is being used to drive innovation in the Gambia. And somewhere in El Salvador, which has accepted
Bitcoin as legal tender being the first country to do so, Bitcoin is also making a huge difference.
As reported by Global Construction Review, the President of El Salvador, Nayib Bukele
announced that Bitcoin profits have been used to build the country’s first veterinary hospital
and will also be used to build 20 schools! The president said that Bitcoin profits to the
tune of $4 million were funding these projects. The money is coming from the Salvadoran Trust for
the Adoption of Bitcoin, or Fidebitcoin.
The value of a unit of the cryptocurrency is currently
enjoying an all-time high of around $67,000. Fidebitcoin was set up after the country
adopted Bitcoin as legal tender in September. The fund currently has $150 million
in reserves and is being managed by the Bank for the Development of El Salvador.
President Bukele confirmed in a tweet on October 28 that El Salvador had exchanged some of its
dollar reserves for Bitcoin because he believed the cryptocurrency was undervalued by the global
market. About 420 Bitcoins were purchased by the country, bringing the total amount of Bitcoin
in the country’s crypto reserves to 1120. The construction of the 20 schools is planned as
part of El Salvador’s Mi Nueva Escuela programme, which has a target of 400 primary schools.
The president has said that proceeds from the government’s Bitcoin fund will be used
to pay for the construction of these schools, rather than tax payers’ money.
This is huge progress for Bitcoin and the crypto market.
When President Bukele initially
announced his decision to accept Bitcoin as a legal tender, the issue raised a level of
controversy in the court of public opinion. In fact, even now, the acceptance of Bitcoin
as a legal tender hasn’t been the easiest or the smoothest ride. However, this is only to be
expected as blockchain technology is still fairly young. With time, as people continue to innovate,
transactions with Bitcoin in the country are only going to get easier, faster, and more normal.
Already, profit from the country’s Bitcoin fund is making a difference such that taxpayers' monies
don’t have to be spent for government projects. This can translate to lower taxes which
can make life easier for citizens. Now, imagine if more countries start to accept Bitcoin
and what that could mean for their citizens. Already, investments in crypto are already
helping some people in the United States earn a better living than their conventional
jobs can give them. A survey reveals an exodus from conventional jobs among low-income
earners who stumbled on life-changing gains from investing in the crypto market.
While this survey could be taken with a pinch of salt thanks to questionable methods used to obtain
the data, there is definitely something to be said for the increasing number of people investing in
crypto, whether they are doing so long term or simply looking to use it as a mode of payment.
Plus, as GameFi takes over the crypto market, we are bound to see more people leave
conventional work for full-time gaming.
Already, certain people in the Philippines and other parts
of the world currently earn about the same amount as their monthly wages from NFT gaming, and
this is only going to become more common. This bodes well for the crypto market and
means that there are better days ahead. Let me know what your thoughts are in the comment
section. I’d definitely love to hear from you. But for now, it’s goodbye from me and
I hope to see you in the next video..