Is SafeMoon just another example of the many pointless crypto tokens that resemble Ponzi schemes? There's no denying that SafeMoon did indeed bring substantial profits to some early investors during its initial months, contributing to the initial hype surrounding this token.
Yet it's hard to overlook the fact that there seems to be little utility to SafeMoon beyond its profit potential and even that has now evaporated as evidenced by its price chart. The excitement for this token seems to have diminished for a long time now.
From my perspective, this situation certainly fits my criteria of a Ponzi scheme. The decline and seeming halt to its momentum has no doubt left many investors holding devalued, illiquid assets while a few early participants managed cash out and left most likely holding the bag.
Given the circumstances, I personally wouldn't touch this coin even with hand sanitizer poured all over me. Projects like this bring our beloved industry a terrible reputation and overshadow some of the revolutionary tech that is being created. I would give this 0 stars if I could. Show Less
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