SafeMoon (SFM) is switching to version 2 (V2).
Safemoon , decentralized finance (DeFi) token, officially winded down the support for V1, and the V1 tax will change to 100%. The tax increase will remove incentives to continue holding Safemoon V1.
The announcement is made by Safemoon 2.0 official Twitter handle via tweet:
Today is the day #SAFEMOONARMY!
⏰ At 4pm GMT / 11am EST / 8am PST, the V1 tax will be changing to 100%. We are moving our full focus to V2 to evolve the #SAFEMOON ecosystem.
Bring on 2022 ??#SAFEMOONV2 #SAFEMOONWALLET pic.twitter.com/kfA9fdm7R2
— SafeMoon 2.0 ? (@safemoon) December 29, 2021
The announcement comes after the team behind Safemoon (SFM) decided to shift its full focus to V2 to evolve the SAFEMOON ecosystem.
The Safemoon’s team assured its holders that nobody will be left behind as migration from V1 to V2 will remain open indefinitely. Safemoon (SFM) also released a warning message to its followers saying:
“It is highly advised that you do not buy Safemoon V1 as you will not receive any tokens following this change.”
According to the reports, exchanges where SFM is listed, they are responsible to upgrade safemoon and implement its V2.
Formerly on December 12, Safemoon declared the migration of its old contract to a new contract address via tweet.