Safemoon is all set to take things to the next level with the launch of V2. The launch is widely anticipated among the investors’ community who believe will benefit the tokens prospects in the long run.
The most popular DeFi project is aiming for adoption and additional use-cases with the upcoming launch of V2. The development will give Safemoon an opportunity to spread its wings in the crypto sphere and attract new investors.
What Is Safemoon V2?
Safemoon launching V2 would involve getting upgraded contracts that have the ability to change the coin’s consolidation formula. For the uninitiated, consolidation is a DeFi feature that Safemoon refers to as reverse stock splits. The stock market usually allows companies to do reverse stock splits as it would eventually benefit the share holders.
The same reverse stock splits in the form of consolidation is used by the Safemoon team who believe will benefit the investor. Consolidation is just a way to clean up the numbers without changing the ownership rights of the investors.
Safemoon’s Twitter handle revealed the upcoming features of their V2 upgradation. The tweet stressed the fact that the development is safe and secure.
”3 reasons why #SAFEMOON V2 is the Evolution.
- Upgraded contract implementing a 1000:1 consolidation
- Increased quality, security and accessibility of SafeMoon
- Preparing us for a warp speed future.”
New Listings Coming Soon
The CEO of Safemoon, John Karony revealed his plans for adapting V2. ”Adoption, more use cases (with v2), and a cool exchange listing coming soon. Not to mention the listings we will be doing on our swap. Want to move to stable coin? Well, we are setting that up this week,” he said.
As per Karony’s statement, Safemoon could see itself being listed on top trading platforms. A listing on exchanges would open the floodgates to millions of new investors who believe in the project. The ease of buying and selling the token with the click of a button is more attractive than buying it through exchange swaps.
Safemoon at the time of publishing was trading at $0.00000395 and is down -3.6% in the 24-hours day trade. The V2 upgradation can propel the coin to spike up and reach new weekly highs.