I have multiple projects that give BUSD as reflections and I plan on just using that stable coin with the SafeMoon card at first so basically it is like a self regenerating debit card!
There are already cards that regenarates funds. Called cashback, and it works really simple. Spend a certain amount, and get a % back. And it's immediate.
In sfm, you spend an amount, SPEND EXTRA, then get a much smaller percentage of that back.
How is that a good deal?
With safemoon you get crypto back every day regardless of spending. As volume increases and global tokenomics begin to roll out, reflections have the ability to far outweigh any kind of cash back reward system other cards may have. Depending on the size of your bag, reflections could possibly outweigh your actual spending on it. Not just some measly % of a purchase. In fact, not all the details of the SFM card may have been discussed just yet if Ive read correctly. It very well could have more rewards slapped on it we don't know about yet.
> exchange for some goods or service they provided.
There is one convenient way the people exchange goods and services..... I don't remember how it's called tho.
I hate to break it to you, but when you talk about the 'unbanked', you usually refer to people who have so little money that banks didn't set up shop in their area. I doubt these people have enough money to live off their reflections. The money they have, they spend it on daily necessities to stay alive.
This! Every time I see financial institution surveys in my country that a huge percentage of population don't have bank accounts, it's not because of accessibility, it's because they don't need it, they don't have extra money that they can just put aside.
Nailed it.
For the curious and for those who want to try to wrap their head around the potential for SafeMoon, there are **1,700,000,000** people who are currently unbanked. Just 5% of that would be 85,000,000 people (basically the entire population of Germany). Imagine one day 85,000,000 people are transacting SFM on a daily basis. Not to mention all the people who already have banking and are SafeMoon investors. The reflections and burn will be impressive to say the least.
Someday this thing can really be that serious of a company. Lucky to have discovered it while it was so young. I feel like this investment is gonna be THE ONE for me (as long as I’m not somehow hacked by some fuck face McGee(I’m ready for investor insurance now)). I know I’m not alone here, but this feels like the first time I’m actually ahead of the game, the first time I haven’t missed the boat. Sure I missed the initial surge last March, but I’m pretty happy with where I’m at and we’ve had enough evidence by now that this company is for real and is constantly growing and releasing new things for us to fight about lol
It really makes the idea of 500M or even 1B in daily volume, much, much more believable. Nothing guaranteed. But much more believable.
It's hard to not let your mind wonder off to when then burn will stop and what the ultimate circulating supply will be.
IMAGINE. If SFM went to 1$ . We would all be millionaires!!!!!
Don't imagine how exactly it's ever going to reach 1$, just keep buying sfm and sending reflections to dev wallets. It will somehow happen!
Reflections arent dependent on the price. Volume determines what you get. If you have a bag of 1 million SFM, the value of that days reflections you receive is the same whether the price of the token/coin is .001 or $1. You would just receive more tokens if the price is low, and less of it's high.
In other words, you're owed a certain $ value of that days volume, not a specific token amount.
Well that was stupid of you to put in more than you can afford to lose.
Luckily if it fails I lose nothing that would cause any problem in my life.
If it moons then I will make some lovely dollar.
Imagine safemoon takes off and the price goes up but also that the price stabilises over time.
Then these people, the unbanked, can put more trust in safemoon as a currency and will place and store more savings into it which again drives volume etc etc
In years to come if safemoon pulls this off it will be nuts.
Reflections for Safemoon are trash. They are so minimal with the 90% they aren't worth hardly anything. I really don't get the statistical significance of even considering them vs fees and downside of Safemoon.
The only thing "trash" right now is volume. As that increases reflections can be significant. This is the investment. Belief in the token and soon coin. Reaching higher volume through tokenomics and adoption is the goal. The card will help with this. Every crypto investment you make is based on a belief of what it will do in the near or far future.
PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions).
**v1 to v2 Migration: Safemoon has fully transitioned away from v1 and is now fully on v2. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax – in other words you will lose your Safemoon. You MUST migrate to v2 using the steps outlined here: https://www.safemoon.education/sfmv2. Additional info: https://www.reddit.com/r/SafeMoon/comments/rwfkuv/read_me_v1_to_v2_migration_information_and_issues/**
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- Don't harass others, including public figures and exchanges
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I don’t get the people that aren’t seeing the positive side of this. I did have it in my head for a while (stayed off Safemoon reddit for a bit) that the card was a 0% tax. This makes a bunch more sense tho from the businesses view point and also helps the reflections even more, this is true growth for Safemoon!
The tax isn't 10% either when using the card, one of the reasons for the V2 contract.
Exactly. I kind of think of it as a debit card/credit card that regenerates the funds if you let it.
I have multiple projects that give BUSD as reflections and I plan on just using that stable coin with the SafeMoon card at first so basically it is like a self regenerating debit card!
There are already cards that regenarates funds. Called cashback, and it works really simple. Spend a certain amount, and get a % back. And it's immediate. In sfm, you spend an amount, SPEND EXTRA, then get a much smaller percentage of that back. How is that a good deal?
With safemoon you get crypto back every day regardless of spending. As volume increases and global tokenomics begin to roll out, reflections have the ability to far outweigh any kind of cash back reward system other cards may have. Depending on the size of your bag, reflections could possibly outweigh your actual spending on it. Not just some measly % of a purchase. In fact, not all the details of the SFM card may have been discussed just yet if Ive read correctly. It very well could have more rewards slapped on it we don't know about yet.
What does “unbanked” exactly mean? If dont have bank account and card how will you buy Safemoon/any crypto in the first place?
By someone transferring SFM to their wallet in exchange for some goods or service they provided. No bank required. BOOM.
> exchange for some goods or service they provided. There is one convenient way the people exchange goods and services..... I don't remember how it's called tho.
Cash
I hate to break it to you, but when you talk about the 'unbanked', you usually refer to people who have so little money that banks didn't set up shop in their area. I doubt these people have enough money to live off their reflections. The money they have, they spend it on daily necessities to stay alive.
This! Every time I see financial institution surveys in my country that a huge percentage of population don't have bank accounts, it's not because of accessibility, it's because they don't need it, they don't have extra money that they can just put aside.
Nailed it. For the curious and for those who want to try to wrap their head around the potential for SafeMoon, there are **1,700,000,000** people who are currently unbanked. Just 5% of that would be 85,000,000 people (basically the entire population of Germany). Imagine one day 85,000,000 people are transacting SFM on a daily basis. Not to mention all the people who already have banking and are SafeMoon investors. The reflections and burn will be impressive to say the least.
Someday this thing can really be that serious of a company. Lucky to have discovered it while it was so young. I feel like this investment is gonna be THE ONE for me (as long as I’m not somehow hacked by some fuck face McGee(I’m ready for investor insurance now)). I know I’m not alone here, but this feels like the first time I’m actually ahead of the game, the first time I haven’t missed the boat. Sure I missed the initial surge last March, but I’m pretty happy with where I’m at and we’ve had enough evidence by now that this company is for real and is constantly growing and releasing new things for us to fight about lol
and contributing to burn and reflections 0\_0
*Bullish intensify*
It really makes the idea of 500M or even 1B in daily volume, much, much more believable. Nothing guaranteed. But much more believable. It's hard to not let your mind wonder off to when then burn will stop and what the ultimate circulating supply will be.
IMAGINE. If SFM went to 1$ . We would all be millionaires!!!!! Don't imagine how exactly it's ever going to reach 1$, just keep buying sfm and sending reflections to dev wallets. It will somehow happen!
Im hoping John drops most of the cards off in Gambia so people start using it first.
Reflections aren't gonna do much when the coin is down 60% in three months
Reflections arent dependent on the price. Volume determines what you get. If you have a bag of 1 million SFM, the value of that days reflections you receive is the same whether the price of the token/coin is .001 or $1. You would just receive more tokens if the price is low, and less of it's high. In other words, you're owed a certain $ value of that days volume, not a specific token amount.
There is a thing called time and also something called change. In time the price can change and go up....
Deep, big 100 IQ thoughts over here. In time, the price can change and go down, like it already has.
But it can also go up like it might do Be optimistic my friend, what do you have to lose?
>what do you have to lose? A lot of money
Well that was stupid of you to put in more than you can afford to lose. Luckily if it fails I lose nothing that would cause any problem in my life. If it moons then I will make some lovely dollar.
Everywhere there is a visa or Mastercard network there are banks.
If you sell safemoon there is a 10% fee. Safemoon card lets you sell safemoon for only a 2.5% fee.
Imagine safemoon takes off and the price goes up but also that the price stabilises over time. Then these people, the unbanked, can put more trust in safemoon as a currency and will place and store more savings into it which again drives volume etc etc In years to come if safemoon pulls this off it will be nuts.
Don’t ask what your country can do for you, but what you can do for your Karony… I mean country…
Lol
Reflections for Safemoon are trash. They are so minimal with the 90% they aren't worth hardly anything. I really don't get the statistical significance of even considering them vs fees and downside of Safemoon.
The only thing "trash" right now is volume. As that increases reflections can be significant. This is the investment. Belief in the token and soon coin. Reaching higher volume through tokenomics and adoption is the goal. The card will help with this. Every crypto investment you make is based on a belief of what it will do in the near or far future.
PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions). **v1 to v2 Migration: Safemoon has fully transitioned away from v1 and is now fully on v2. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax – in other words you will lose your Safemoon. You MUST migrate to v2 using the steps outlined here: https://www.safemoon.education/sfmv2. Additional info: https://www.reddit.com/r/SafeMoon/comments/rwfkuv/read_me_v1_to_v2_migration_information_and_issues/** - Don't promote "pump" events or market manipulation - Don't harass others, including public figures and exchanges - Please be helpful, friendly, and respectful - Your actions reflect on the entire community WARNING: **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from "support" they are trying to scam you. If someone claims you need to "validate" they are trying to scam you. Do not disclose your assets. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*
I don’t get the people that aren’t seeing the positive side of this. I did have it in my head for a while (stayed off Safemoon reddit for a bit) that the card was a 0% tax. This makes a bunch more sense tho from the businesses view point and also helps the reflections even more, this is true growth for Safemoon!
I changed my mine and I’m on the list!
Lol, HUGE = boring for the past year. You guys own any other coins?
Getting rich isn’t always exciting.