SafeMoon Wallet gets staggering downloads of 700,00 in less than three months after its launch. That’s more than the entire population of the state of Wyoming. The Wallet is available for downloads in both Android and iPhone versions.
The team received criticism for the delay in releasing the wallet in August. However, two weeks later got it up and running in September 2021 with a 4.9-star rating on Google Playstore.
The delay in releasing the wallet came at a price as the top honchos resigned amid mounting pressure from the investors’ community. Its then Chief Operating Officer (COO) Jack Haines resigned along with senior engineer Hank Wyatt who dropped his resignation.
The new team got the SafeMoon Wallet delivered on time. The new management seems to be handling the pressures of the job well and delivering on their promises.
SafeMoon Wallet on Expansion Mode
SafeMoon is to be upgraded to V2 shortly but the launch date is not officially announced yet. But the day is somewhere near the cards. The latest update released by the team says that the process is completed but is on the last step of finalization. The development is expected to be rolled out shortly.
The SafeMoon V2 update is that the development is currently in the Quality Assurance (QA) testing mode.
”SafeMoon progression for #SAFEMOONV2 V2 Contract = DONE. Third-Party = DONE, QA = Final Testing! @Safemoon is Inevitable! #SAFEMOON | #SAFEMOONARMY,” tweeted John Karony.
SafeMoon V2 would boast of upgraded contracts that have the ability to change its consolidation formula. For the uninitiated, the consolidation formula is a DeFi feature indistinguishable to reverse stock splits in the stock market.
The V2 upgrade will use the same formula to do reverse stock splits that the share market does.
”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.”
At the time of publishing, SafeMoon was trading at $0.00000325 and is down -12.0% in the 24-hours day trade. SafeMoon was up +300% in October and therefore is dipping due to profit bookings this month and sending mixed signals.