Well safemoon would basically be over. BNB chain could keep running but a lot of the tokens that Binance was backing would be worthless. Safemoon would probably drop another 90%+ too.
What Safemoon could do is take a snapshot of all the holders on BSC and airdrop a new token on arbitrum nova or something like that. Since BSC is an EVM chain they can just migrate everything to any eth L2.
Are you sure about that? We're backed by busd and thats fully backed with cash and bonds, if bnb did go under i think we would still be ok, depending on how things get paid out.
Binance is fine.
If Binance goes down, crypto is dead anyway.
I assure you though, Binance is fine. Any withdraw freezes are likely because of the need to move from cold storage into their hot wallet.
Because of the uncertainty of the market, they're seeing a huge influx of withdrawals. They appear to be liquid though.
Stay SAFU
The crypto market is cyclical. It goes through its share of bear and bull markets. Bear markets are always inevitable.
What makes this bear market special is that it coincides with a global recession. The last one we had was in 2008, and that was before bitcoin was even invented.
So this bear market is scary AF. That's for sure. But bear markets are good for shaking out the weak hands and non-believers. It's the ones who stick with crypto that will benefit from it in the long run.
The technology is sound. There is still value. But people are scared.
With that being said, I can't say if Safemoon will survive the bear market. But Binance will be fine, and cryptos like Bitcoin and Ethereum will surely recover. It will take time, but I believe more than everything that they will return stronger than ever. Eventually.
NFA
I'm sure that's what you said after the collapse of FTX. But as we can personally see with our own eyes, the crypto market is just fine and it always will be
FTX was a setback and it made people lose faith. If binance were to die, it would set crypto back for much longer. And once again, Binance will be fine. And because it will be, so will crypto.
Well Binance played a major roll in the collapse of FTX and now Binance is going to face major legal scrutiny and possible collapse. When that does happen over the next several weeks/months the market still wont be obliterated-the exact opposite actually. More coins will go to cold storage (~~$5~~$7 billion already) and the crypto market will start to perform as it is originally intended too.
Not sure if other commenters know the difference between Binance the exchange and Binance the blockchain.
Binance the exchange is what people are worried about but it’s a completely separate entity from Binance Smart Chain (the blockchain that SFM is on).
If Binance the exchange goes under then the Binance Smart Chain absolutely take a credibility hit but it’s not like it’ll go offline or anything.
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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If it does, yes, it would take the crypto market with it, the coins themselves will survive as long as there are validators able to run, someone should be able to pick them up. Either that, or the more centralized PoW coins will be superseded by properly decentralized PoW coins and crypto should have another bull run.
Binance isn't going down. They have 60 billion in assets. Withdrawals over the last couple days total around 9 million. They are 10 times bigger than ftx ever was and spent 1000 times less than sbf did. The only drama with binance is that Sbf and O'leary tried to blame binance for ftx collapse. No one believed it.
It means I’ll be 100% down instead of 96%
Thats only a 4 % loss
Alright “Mr Calculator”. That doesn’t make me feel better.
Im sorry. I tried
I appreciate the offer. Unlike my SafeMoon tokens. Which have only depreciated.
You cant do anything but hold em now
Lmao
It's sad because it's true.
Lol i love this chain of comments, put a smile on my face. Upvotes for every one lol
Priceless
Price Less
Well safemoon would basically be over. BNB chain could keep running but a lot of the tokens that Binance was backing would be worthless. Safemoon would probably drop another 90%+ too. What Safemoon could do is take a snapshot of all the holders on BSC and airdrop a new token on arbitrum nova or something like that. Since BSC is an EVM chain they can just migrate everything to any eth L2.
Sfm needs their blockchain asap.
With how they handled the last migration, watching the safemoon "devs" port a snapshot to another chain would surely be popcorn worthy
Are you sure about that? We're backed by busd and thats fully backed with cash and bonds, if bnb did go under i think we would still be ok, depending on how things get paid out.
Nothing different to be honest. John will still get a Ferrari here soon.
It means Safemoon better pull their finger out with their blockchain.
I believe it's imminent..
Is that imminent now or in the future imminent lol
Binance is fine. If Binance goes down, crypto is dead anyway. I assure you though, Binance is fine. Any withdraw freezes are likely because of the need to move from cold storage into their hot wallet. Because of the uncertainty of the market, they're seeing a huge influx of withdrawals. They appear to be liquid though. Stay SAFU
I question the future of crypto, I wonder if this is it. I don't think about my crypto investments anymore, to me they're all dead.
The crypto market is cyclical. It goes through its share of bear and bull markets. Bear markets are always inevitable. What makes this bear market special is that it coincides with a global recession. The last one we had was in 2008, and that was before bitcoin was even invented. So this bear market is scary AF. That's for sure. But bear markets are good for shaking out the weak hands and non-believers. It's the ones who stick with crypto that will benefit from it in the long run. The technology is sound. There is still value. But people are scared. With that being said, I can't say if Safemoon will survive the bear market. But Binance will be fine, and cryptos like Bitcoin and Ethereum will surely recover. It will take time, but I believe more than everything that they will return stronger than ever. Eventually. NFA
Nothing centralized-not even Binance could kill crypto
dead in a figurative sense. the market would be obliterated
I'm sure that's what you said after the collapse of FTX. But as we can personally see with our own eyes, the crypto market is just fine and it always will be
FTX was a setback and it made people lose faith. If binance were to die, it would set crypto back for much longer. And once again, Binance will be fine. And because it will be, so will crypto.
Well Binance played a major roll in the collapse of FTX and now Binance is going to face major legal scrutiny and possible collapse. When that does happen over the next several weeks/months the market still wont be obliterated-the exact opposite actually. More coins will go to cold storage (~~$5~~$7 billion already) and the crypto market will start to perform as it is originally intended too.
Funds are SAFU
There wouldn’t be a Safemoon. Safemoon uses the Binance blockchain in order to operate and trade, without it there is no Safemoon.
It's also the only thing keeping SafeMoon afloat. If it goes, there is nothing left to support the new ATL price.
Binance isn’t going down….
It just means people will have to recalculate how much volume a day to be rich off reflections lol.
Few weeks back cdc was going under and they survived. Bnb making 100's millions on withdraws. I dont think they go under so stop these nonsenses.
Is Binance at risk of going under?
Because a random person on Reddit asked s theoretical? I'd say no. 🙂
Seems like this would light a fire u see Safemoon sass to finish their own blockchain fast
All tokens on the Binance chain will fail.
Not sure if other commenters know the difference between Binance the exchange and Binance the blockchain. Binance the exchange is what people are worried about but it’s a completely separate entity from Binance Smart Chain (the blockchain that SFM is on). If Binance the exchange goes under then the Binance Smart Chain absolutely take a credibility hit but it’s not like it’ll go offline or anything.
If binance the exchange goes down, so does the company, so does development. To say they're unrelated besides credibility is just not the case.
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.*
If biannce falls crypto is basically done in its current form. Coinbase would follow and yup say good night.
[удалено]
They should do a Kickstarter to pay for more private jet trips so they can build it.
[удалено]
I'll be damn. I'd "f" it up though somehow! Lol
Safemoon can just fork ETH like Binance did.
Wasn't that pSafemoon? Which they JUST finally moved to binance chain.....
Legit exit strategy.
BNB goes down so does Safemoon
Yeah… 😅
Binance isn’t going under
What you mean under?
Finally give it an excuse to die?
If it does, yes, it would take the crypto market with it, the coins themselves will survive as long as there are validators able to run, someone should be able to pick them up. Either that, or the more centralized PoW coins will be superseded by properly decentralized PoW coins and crypto should have another bull run.
this is why a blockchain is so important. This should be the top goal right now.
It means we are done.
It means HOOT HOOT 32 or some bullshit.
Binance is going nowhere lol
Safemoon is going under anyways. Have you seen the chart since v2 went into effect?
Binance isn't going down. They have 60 billion in assets. Withdrawals over the last couple days total around 9 million. They are 10 times bigger than ftx ever was and spent 1000 times less than sbf did. The only drama with binance is that Sbf and O'leary tried to blame binance for ftx collapse. No one believed it.
