Announcing his departure from the cryptocurrency project, The European Vice President of Operations at SafeMoon, Charles Karony, has decided to step down from his role in a bid to return to college and complete his degree. The project’s recent success and the efforts of the whole SafeMoon team and the millions of people who have contributed to the cryptocurrency’s growth were honored in a series of Twitter postings made today by Karony. What is SafeMoon? SafeMoon, one of the more recent cryptocurrencies to enter the market in the previous year, garnered a great deal of interest, drawing a large number of investors who put their money on the line for the project. SafeMoon is a BEP-20 token created by a group of six individuals and released on the Binance Smart Chain (BSC), a centralized ecosystem and a rival to Ethereum’s decentralized ecosystem. Developers of SafeMoon say the project was created to encourage long-term investment and the token’s tagline was “Safely to the Moon.” The project also hired well-known celebrities to increase investor interest and boost the number of investors that joined, which led to a 20,000% increase in the price of the altcoin. SafeMoon is currently facing a class-action lawsuit on the grounds of the altcoin being a pump and dump scheme. It was also referred to as a Ponzi scheme by some crypto experts, as the 10% transaction fee for purchasing tokens goes back to its earlier investors. Speculatio...
