With the market starting to point towards a bull run within the next year, I thought I'd create a handy resource to point towards why the three primary projects in the Safemoon ecosystems are fraudulent. Duped maxis are waiting for market conditions to thrive before they start flogging these shitcoins to anyone who will listen, and it's our duty to make sure that potential investors are fully aware of why they need to stay away to ensure the maxis can't use them as exit liquidity.

Let's start with the white whale.

Safemoon

In terms of whitepaper, Safemoon is a token that has an automated liquidity mechanism present. Each trade incurs a 10% tax, where 5% of that tax is proportionally redistributed to Safemoon holders as reflections (the more Safemoon you own the more reflections you get) and the other 5% is added to a liquidity pool to ensure the token is tradeable. The reason why it's called "SAFE"moon is because the liquidity pool is advertised as locked & the developers stated this meant they couldn't rugpull investors.

Unfortunately, that was a steaming crock of shit because actually, mere weeks after promising investors they locked over $250,000,000 of liquidity, the development team were exploiting a bug in the Safemoon smart contract to withdraw tens of millions of dollars in liquidity, send the tokens to Bitmart & sell them for obscene amounts of cash.

In summary, the liquidity pool was neither locked nor safe, and investors have since suffered a catastrophic -99% decimation in token price. Meanwhile, the CEO of Safemoon John Karony has been living a life of abject luxury with mansions, sports cars & a side order of suing his own Mom in court. Nice guy!

Since then, Safemoon has changed to have a 1% tax structure, and is currently undergoing a bit of a pickle because it seems as though every BNB & USD asset in Karony's possession are being rapidly liquidated. Money troubles, perhaps?

Grove

Grove launched in 2022 on the Safemoon swap and purports to be a green-focused Cryptocurrency although a year and half later I'm not sure what a cryptocurrency has to do with Aliexpress Hydroponic farm kits that anyone can buy..

The trouble is, much like with Safemoon, there is an intermingling here of funds for development & funds for a lavish lifestyle. The big red flag here is the use of a fake Saudi Crown Prince that they trot out to smear a thin veneer of authenticity to the project, while the guy has been proven via blockchain evidence to be receiving huge allocations of funds from the Grove team and ruthlessly dumping them on investors for well over a year - an activity the current team are continuing to this day. The token value has completely collapsed from its all-time-high and despite launching a blockchain nobody asked for or cares about, plus an exchange nobody asked for, cared about or uses, the price remains on the floor and will scrape through to the basement once the Grove team start selling again.

Blockbusters & The Mirror Protocol

Absolutely one of the stinkiest crocks of shit in the space, BBTF had a disastrous launch in 2022 as straight away people were locked away from being able to sell, apart from one "lucky" guy that was able to sell $1.5m of launch tokens, immediately nuking the price from orbit. Shortly after that, a bug in the contract was exploited which allowed someone to mint themselves 115,792,089,237,316,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 BBTF tokens (115.7 octodecillion tokens lmao) and they sold as many as they could before the LP was emptied again.

If that double-decker of incompetence isn't enough to shiver your timbers, Don Bailey, leader of this particular circus neglected to allocate anywhere near the promised amount of Liquidity into BNB and also, in a remarkable coincidence, found himself the owner of a diamond necklace and prospective owner of a second home, despite months before being evicted for not paying rent. Like I said - remarkable coincidence.

To this day I'm still not even concrete on BBTF is supposed to do. The whitepaper is chock full of empty buzzwords like "Web 3" and "innovation". See for yourself:

Block Busters Tech is an innovative protocol that improves the amount of liquidity in the decentralized finance ecosystem by manually creating liquidity injection operations. This essentially means that our token will benefit from the greater profits of its innovations and utilities. Taking the Software as a Service Model, Block Busters intends to provide Web 3.0 as a service to help transition Web 2.0 assets into Web 3.0 compatible tools

I read something similar once, except it was written on a bathroom wall in shit

Getting on to Mirror Protocol which has some kind of affiliation with BBTF, whose office space by the way was next door to Safemoon HQ....

So The Mirror Protocol is slightly more understandable but no less utterly fucking useless. Not to be confused with 2020's failed Mirror Protocol, this is completely different because it has the word "The" infront of it. (Trademark lawyers hate this one simple trick!)

Basically, Mirror Protocol just rips off existing tokens, but creates un-pegged Binance Smart Chains versions of them. We all know and love Bitcoin. Well now you can buy Bitcoin-MP. Cardano? ADA-MP! Ripple? XRP-MP and so on.

Owners of BBTF, or other Mirror Protocol tokens are given tiny, tiny fractional amounts of these tokens based on the non-existent volume. The idea here is that it's a "Automated Diversity" mechanism.

So instead of investing in actual Bitcoin, or actual Ethereum, or actual Cardano, you can receive decimal amounts of shitty ponzinomics worthless Binanace Scam Chain versions of these actual cryptocurrencies!

Mom, I want Cardano
We have Cardano at home
Cardano at home

BBTF, Mirror Protocol and Safemoon all the do the same snakey shit by the way, they say "Liquidity injections" to make it sound like they are increasing liquidity, but really what they're doing is using investors BNB to buy themselves tokens off the open market - keeping the value for themselves and creating a temporary pump to manipulate the markets.

I create this post as a warning. Do not be suckered in to gimmicks like reflections and taxes. They never work for anyone other than the mega whales. Do not trust charlatans who LARP as CEO's. They never deliver any value for holders. And do not buy these tokens, you will end up bitter and rekt, like all the existing bagholders.