If you’re holding 1 Billion SafeMoon tokens, you will have 1 Million Safemoon after V2 migration. We’ve covered a step-by-step guide on how to transfer your tokens to the V2 platform. The process includes all forms of SafeMoon tokens stored on various platforms and wallets. As Safemoon is already going one step ahead, you also must migrate. If you don’t migrate from V1 to V2, you are basically losing your complete Safemoon holding. The old Safemoon prices and volumes will drop over time automatically.
The same ‘reverse stock splits’ in the form of consolidation is used by SafeMoon V2. In a way, consolidation cleans up the numbers without changing the ownership rights of the investors. SafeMoon V2 is a better version of SafeMoon that you should migrate as quickly as possible. You’ve completed the migration from V1 to V2 SafeMoon on Trust Wallet. You will be able to view your SFM balance after refreshing your wallet.
Scroll down and tap on “Add Custom Token”
#Web3MovementForEveryone ; Please read the information shared in the sidebar of this subreddit. SafeMoon V2 is an upgraded version of SafeMoon, so it’s highly recommended that you consolidate your V1 SafeMoon to V2 SafeMoon as soon as possible. In addition, you need to make sure that you have enough BNB for the transaction to execute (for the blockchain cost). On swap.safemoon.net, you’ll see the Smart Contract Call as well. If SafeMoon is not selected, you need to select it in the “From” field.
- After V2 upgrade SafeMoon can be easily listed by the crypto exchanges.
- As data gathered from the official Safemoon website, the main reason for V2 migration is Security upgrades and improvements on the smart contract.
- We’ve covered a step-by-step guide on how to transfer your tokens to the V2 platform.
- The old Safemoon prices and volumes will drop over time automatically.
If it’s another address, do not swap your tokens or you might be scammed. For the uninitiated, SafeMoon launched V2 to its users on the BEP-20 Binance Smart Chain platform. The V2 platform is now fully implemented and users can swap their V1 tokens to V2.
What will happen after Safemoon V2 migration?
Make sure the address is swap.safemoon.net and not anything else or you might be scammed. To migrate V1 to V2 SafeMoon on Trust Wallet, you need to connect Trust Wallet to swap.safemoon.net and swap your SafeMoon to SafeMoon V2 (SFM). Simply choose the “BSC” network rather than “Ethereum.” Check also to see whether you have enough BNB for the transaction to go through (for the blockchain cost). You’ll now see a list of tokens that you may add to the Trust Wallet. Now, you’ll see the asset you’re sending, the decentralized app you’re using, and the network charge. After you’ve clicked on “Continue,” you’ll be redirected to the swapping page.
You also need to select “SFM” (SafeMoon V2) in the “To” field. If so, you need to change it to the “BSC” network (Smart Chain). Again, you need to make sure that the URL is “swap.safemoon.net” and not anything else. On WalletConnect, select “Trust” to connect to Trust Wallet and tap on “Open in Trust Wallet”. To do so, tap on “Connect to a wallet” on the top navigation bar. Once you’re on the website, you need to connect to Trust Wallet.
- The Safemoon Army is also working towards this mission, so in the upcoming time, you can see the price increase.
- Here’s what it says, “Please note that after your SafeMoon has been consolidated into V2 SafeMoon, it will not show a price for a short period of time”.
- If it’s another address, do not swap your tokens or you might be scammed.
- Everything will be handled by your crypto exchange and your Safemoon holding will be automatically migrated to V2.
Go back to your Trust Wallet after adding the SafeMoon V2 contract and saving it. To do so, select the filter option from the top right corner of your Trust Wallet. Your SafeMoon balance will disappear if you return to the Trust Wallet. After you’ve confirmed, return to swap.SafeMoon.net, and look for a Smart Contract Call.
Now, you’ll see that your wallet is connected to the website in the top-right corner. This is because Trust Wallet will not automatically add it to your wallet. There are several fake accounts on social media asking users for their private keys posing as ‘helpdesk’ to scam users. This is only applicable for SafeMoon holders with another wallet. They include MetaMask, Binance Chain Wallet, Trust Wallet, Math Wallet or have access to WalletConnect dApp on your wallets. The transaction fee has been added to the bottom of your balance sheet.
If you don’t want to use SafeMoon, make sure it’s selected in the “From” column. After you’ve clicked on “Connect to a wallet.” The option of “Trust Wallet” will appear. If you’re using Safemoon Wallet for Safemoon trading, you can easily migrate Safemoon V1 to V2 by a 2-click process. You would only need to accept the pop-up mentioning if you want to migrate to V2.
SafeMoon V2 Price Summaries
Safemoon is migrating from its older version (V1) to the newest version (V2). There are many Safemoon holders who are confused about this Safemoon V2 migration process. Here is an answer to the most frequently asked questions with regards to the Safemoon V2 migration. Now, you’ll see a list of tokens that you can add to Trust Wallet.
But after the V2 upgrade, you will have 1 million Safemoon tokens at the price of $0.004. After Safemoon V2 migration, your Safemoon holding will be divided by the factor of 1000 and the price will be multiplied by x1000. However, your existing SafeMoon net value will remain exactly the same only the number of tokens will be reduced. SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow.
Everything will be handled by your crypto exchange and your Safemoon holding will be automatically migrated to V2. As Safemoon team is stopping the support of Safemoon V1 after moving to a new smart contract address. However, the Safemoon portal of migration to V2 will remain open for those who didn’t migrate but it’s best to migrate as soon as possible. As Safemoon reduced the number of tokens, the same applies to its holders.
The network fee is the amount that you need to pay for the transaction. Here’s what it says, “Please note that after your SafeMoon has been consolidated into V2 SafeMoon, it will not show a price for a short period of time”. To migrate SafeMoon V1 to SafeMoon V2, tap on “Max” in the “From” field.
All holders of pSafeMoon will not be receiving reflections because of the SafeMoon V2 Migration. However, there is a now a way for pSafeMoon holders to easily migrate to SafeMoon V2 using the new pSafeMoon dApp. We are working to ensure that these transactions are pushed as quickly as possible.
Step 1: Visit swap.SafeMoon.net To Connect To Trust Wallet
The only fees you’ll incur are for your network connection and the conversion itself. If you’re using an iPhone, WalletConnect will automatically open. (If you aren’t, Trust Wallet will launch automatically after you’ve selected “Trust“). Moving forward, the partnership with pTokens will be coming to a natural end. The pSafeMoon Token will no longer be supported except through this Migration Program dApp.
He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression. There is no cost for the SafeMoon to convert except for the network fee. You just need to make sure to select the “BSC” network and not the “Ethereum” network. After you’ve pasted it, the rest of the fields will be autopopulated. Scroll down the list until you see the “Add Custom Token” option.
Now, you’ll see the asset that you’re sending, the decentralized app that you’re using, and the network fee. After you’ve tapped on “TrustWallet”, WalletConnect will open (if you’re using an iPhone). After you’ve swapped your SafeMoon to SafeMoon V2, you need to copy the SafeMoon V2 contract and add it to Trust Wallet. In addition, consolidation is a DeFi feature that SafeMoon refers to as ‘reverse stock splits’.
By this method, you need to pay gas fees just like you need it when you buy/sell Safemoon. The pSafeMoon Migration dApp will allow you to automatically, securely and instantly migrate your eligible pSafeMoon tokens to SFM V2 tokens. You will need a small amount of Ethereum for the blockchain transfer fee. You will not have to pay any gas fees on the Binance Smart Chain. The amount of pSafeMoon tokens that will be migrated is displayed
4. It depends on your holding method which means if you’re holding Safemoon token in a crypto exchange you don’t need to worry.
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The stock market has ‘consolidation’ in place since decades and allows companies to engage in reverse stock splits. This guide will show you how to migrate your old v1 wallet into the new trust wallet. If you’re thinking that the Safemoon token value will increase just after the V2 migration that’s not true anymore. As the Safemoon is going to allot you the tokens parallel to your token value, not the quantity. With V2 Safemoon is bringing new utility features like reducing the tax from 10% to 2% for the transactions and wallet-to-wallet transfer.
If you acquired pSafeMoon prior to Monday, December 19th at 9AM MST (GMT-7) please initiate a migration to SFM V2 as soon as possible. In order to assist the pSafeMoon holders in this migration, a secure and user-friendly procedure has been put in place. As per some crypto analysts, after V2 migration, the Safemoon can hit a new all-time high in the mid-month of 2022. You can also check the Safemoon V2 price predictions year by year. As data gathered from the official Safemoon website, the main reason for V2 migration is Security upgrades and improvements on the smart contract.