Safemoon (SFM), one of the commonly known breast coin projects, has passed into the Solana network and regained the interest of investors. In the transition process, the price of SFM recorded a significant increase of 70 %. Behind this acceleration is the AirDrop activity approved by the project’s team.
Safemoon (SFM), solana migration and management and DAO structure went to radical change
This great change of Safemoon means not only technical, but also a managerial renewal. In the past, the original developers of the project were accused of a great fraud scandal and faced the cases. The new management team aims to transform Safemoon into an autonomous organization (DAO) without decentralization.
Safemoon was first started on Binance Smart Chain (BSC) in 2021, but over time the project had faced various problems. Following fraud allegations, the US Department of Justice filed a lawsuit against former executives and one of them accepted its crime. The new management team announced the transition to solana blocking to raise the project again.
Safemoon team in a sharing from social media accounts, “We realized Safemoon four years ago. We started with a simple vision, and this vision turned into a great movement and a unique community. Today, it is time to celebrate the four -year resistance, innovation and the loyalty of the Safemoon Army ”.
Stock exchanges and users support: SFM price is looking for a summit
Safemoon’s move to Solana was announced two weeks ago. This process aims to bring a radical change in token’s structure and image. Bitrue, one of the crypto currency exchanges, has officially supported this transition. In addition, developers have started to publish guides for users to get out of this process smoothly.
This transition had a great impact on the price. Following the transition announcement, the Safemoon team announced its Airdrop plans, which led to great mobility in the markets. In the last week, the value of SFM tokens increased by 92 %.
What awaits the price of Safemoon under turbulent breast coin market conditions?
This radical change of Safemoon is followed with great interest by the community. In the crypto currency world, projects that try to recover again after a major fraud scandal are rarely seen.
Safemoon announced that it formed a temporary advisory board two days ago and started the transition to the DAO structure. Today, he gave details about how the community management will work:
“Community management is very important to us. Therefore, we create a system built on a single chain and contract. Without community management, token owners cannot have the right to speak. When the management structure is completed on Solana, the decisions will be taken by the token owners ”.
In short, Safemoon’s transition to Solana means not only a blocky change, but also a management revolution. Whether this new structure will be successful will depend on the reactions of the community and the market.
Kriptokoin.com2025, as you followed, began as a year that occupies the agenda with the breast coin market scandals.
