![]() ![]() A bug allowed an exploiter to burn a majority of SFM tokens in the Safemoon liquidity pool, artificially raising the token’s price so the contract’s WBNB could be drained in one transaction, on-chain records show.We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets. SafeMoon is a DeFi token combining RFI tokenomics and an auto-liquidity generating protocol. The exchange fees are charged upfront in the chain native token, freeing the entire swapped amount to be exchanged while preserving the liquidity pool. Almost 8.9 million in total was lost to the hacker. The BNB chain-based exchange Safemoon was compromised earlier today. To accomplish pre-transactional transparency, the system adopts novel smart contracts in interacting with token liquidity pairings within the SafeMoon decentralized exchange community.Launched in March 2021, it has over a million users. ![]() The SafeMoon TMI changes the decentralized exchange landscape to free up additional access for token partner listings essentially expanding the availability of web 3 for more participants by making token inclusions more accessible to token liquidity providers and unlocking additional community potential to partner with meaningful projects.Īs SafeMoon works to raise the bar for this industry sector, the SafeMoon TMI is an example of a paradigm shift in industry maturity. With this release, the decentralized exchange landscape gains upfront and automated fee appropriations, providing new levels of transparency and transaction predictability. The SafeMoon SWaP decentralized exchange is available for use now.
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