SafeMoon announces it will launch a new Meme coin on Solana, the contract is not yet public

The DeFi protocol SafeMoon has announced the launch of a meme coin based on the Solana blockchain, aiming to increase liquidity and provide SFM holders with opportunities to exchange tokens for new assets. It will adopt an easy-going mode without predetermined purposes, focusing on community interaction and participation. Meanwhile, SafeMoon recently destroyed 2.2 trillion SFM tokens and plans to support automatic conversion through the VGX wallet, injecting liquidity into the ecosystem. This move aims to get rid of past controversies and legal issues, leaving the future of the project entirely in the hands of the community. The team emphasized that smart contracts have not yet been made public and reminded users to avoid purchasing any unofficial versions of SafeMoon tokens to prevent scams. Previously, SEC and US Department of Justice accused DeFi protocol Safemoon and its executives of fraud.