NOTE: THIS ARTICLE IS SIMPLY COPIED FROM REDDIT.

With all the controversy surrounding Safemoon, the coin that seemed to explode in popularity almost overnight, most of it is quite unwarranted. The FUD has made its way into this subreddit as well, unsurprisingly. CertiK, has recently done a comprehensive review of the smart contract code in Safemoon and have found ZERO critical problems, (ie. Your money is safu) If you haven’t heard already, WarOnRugs, a completely anonymous “auditing” group, made a very bold statement 2 weeks ago, the day after Safemoon launched on a few centralized exchanges, alleging that the “Likeliness of losing all funds: Absolute.” In other words, WarOnRugs GUARANTEES that Safemoon is a “rug pull”, which means entirely removing the liquidity pool, rendering the token completely incapable of being traded. If WarOnRugs was a real auditing firm, we should be alarmed, however, the accuracy of WOR’s predictions of rug pull is a blasphemous 5%. Imagine a judge hands out death sentences to many people, but only 5% of them were actually guilty. That is exactly what WOR has done. They have done far more harm than good and the number of reputations they have destroyed is unfathomable. Few tokens/coins can survive such an allegation from WOR. For more information on why WOR is a completely untrustable group/organization, I HIGHLY RECOMMEND reading the Reddit posts here:

Even by WOR’s own standards, using the word “absolute” to describe potential problems is uncommon. An “auditing” group rarely uses such exaggerated or even inflammatory language in its reports. Audits usually give some grade or at least either a PASS or FAIL. Below the grade given, the various vulnerabilities are highlighted as (for example) light, moderate or severe. And, of course, WOR doesn’t publish even a half-decent report. It’s not a coincidence that WOR dropped such an accusation the day after Safemoon “blasted into the stratosphere,” as their true intentions are far more sinister….

Now, to address the controversy — it can literally be summarized in 3 bullet points

· “sCaM”

· “pOnZi sChEmE”

· “nO uSe cAsES”

The word “scam” is an awfully vague word that can be hurled around by a 5 year old, so there’s nothing to be addressed there. As CertiK has said there are zero critical vulnerabilities hence a ponzi/rug pull is out of the question. Many point to the fact that 5% of buys/sells/transfers go to current holders of Safemoon as a ponzi mechanism. This could certainly make a ponzi even more profitable for early investors, however, as said earlier, this would only be the case IF a ponzi was to occur, which is basically 0% as CertiK has verified. Regarding Safemoon having no use cases, you have to realize that it’s barely a two month old coin. Another coin that also has no use case — you know, the top 6 coin that had FOUR YEARS of development time and the founder hails from “always sunny, always Colorado.” If you ask an ETH maximalist, he’ll tell you that the coin is a shitcoin or vaporware. Yeah, how’s that for “no use cases?” With all that being said, Safemoon actually has use cases incoming very soon, as the SFM wallet is being developed with a whole Safemoon exchange coming as well where the “ponzi” tokenomics as you all like to say, will be implemented to benefit hodlers of not just SFM, but ALL CRYPTOS.

So, anyone who parrots the three points above have obviously not DYOR and decided to join the flock of sheep that consists of WOR cultists, jealous/envious Youtubers that thought they missed the boat, and all the plebs that have already been led astray. It is almost laughable that when an anonymous organization of self-proclaimed auditors says something, many of you so-called crypto enthusiasts take their advice at face value. This is inherently against our culture of DYOR. Guess what, CNBC just called BTC a ponzi just last week: https://www.cnbc.com/2021/04/23/bitcoin-a-gimmick-and-resembles-a-ponzi-scheme-black-swan-author-.html Would you take that message as gospel? Meanwhile, CertiK is a far more credible auditing firm with a solid LinkedIn page for its employees, has physical offices in NYC, and has been trusted by the likes of VeChain to audit their code. I’ll put my money on CertiK over WOR any day.

In addition to all of that, several major exchanges have already listed SFM and some have also implemented the tokenomics. Do you not think that these multibillion $ exchanges have their own budget set aside to do their own due diligence about Safemoon? bUt aLL tHeY cArE aBouT iS trAnSacTIoN fEEs!!! Wrong. It is likely the exchanges won’t face legal penalties listing a ponzi (if their HQ jurisdiction is chosen well) However, the negative press and loss of reputation would likely prove fatal to some of the smaller exchanges, with the profits from transaction fees being a far cry in what they seek to lose. ZBG, a major exchange based in Hong Kong, WILL likely face major legal consequences. The CCP would like their own citizens using the digital Yuan instead of a decentralized system and would love to see a scandal unfold to use this against crypto exchanges and spread FUD in its own population.

So, if you all continue to believe the FUD and controversy surrounding Safemoon, don’t say I didn’t warn ya. You’re trusting WOR over CertiK, 1.5M SFM hodlers and several, profitable multibillion $ exchanges.