SafeMoon(SAFEMOON) Support Contract Upgrade on MEXC
SafeMoonMEXC Global will support the token swap for SafeMoon (SAFEMOON) with the upcoming arrangements:
SAFEMOON deposit and withdrawal has been suspended.
Disable all SAFEMOON trading pairs and cancel all pending orders (SAFEMOON/USDT) on 2022-01-08 06:00 (UTC).
The system will take a snapshot of user holdings in SAFEMOON once the orders are canceled, then convert their holdings to new SafeMoon (SFM) tokens at a ratio of 1000:1.
Deposits, withdrawals, and trading of SFM will be available at 2022-01-08 15:00 (UTC).
The new Contract Address for SFM will be: 0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5
MEXC on SFM Tokenomics:
According to the tokenomics of SFM, 2% of each SFM on-chain transfer will be charged. Therefore, the actual on-chain deposit amount to MEXC will be 96% of the initial deposit amount.
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74MM Token Unlock
Sui unlocks approximately 2.28% of its circulating supply at 12 AM UTC.
TokenomicsApproval: 85%
