SafeMoon CryptoBuxx Now Reflect Version 2 Value.

In December 2022, Safemoon converted its tokens from version 1 (V1) to version 2 (v2) and in doing so, did a 1,000 to 1 reverse price split. This resulted in the swap of 1,000 V1 tokens converting into 1 V2 tokens. At the same time, the price of V2 tokens were 1,000 times the price of V1 tokens resulting in no change to the market cap of the project.

While SafeMoon CryptoBuxx are not currently available for sale, there a many in circulation. SafeMoon CryptoBuxx have a face value of 1 million Safemoon V1 tokens (SAFEMOON) and can now be redeemed for 1,000 SafeMoon V2 (SFM).

SafeMoon is a cryptocurrency token created in March 2021 on the Binance Smart Chain blockchain. The token charges a 10% fee on transactions, with 5% redistributed (or reflected) to token holders and 5% directed to wallets in a different currency, Binance Token (BNB), controlled by the coin’s authors, described as a liquidity pool, to create a “solid price floor and cushion for holders”.

SafeMoon was released in March 2021. The slogan of SafeMoon, “Safely to the moon”, took inspiration from the popular phrase “To the moon”. After its launch, SafeMoon quickly gained over one million holders of the cryptocurrency. SafeMoon multiplied rapidly in value after a wave of celebrity endorsements, including from rapper Lil’ Yachty, YouTuber Logan Paul, sports blogger Dave Portnoy, and Backstreet Boys member Nick Carter.

Current Price

 

Certificate Exchange, Inc. was formed in 2021 to launch an innovative gift certificate program to make giving crypto currency easy and introduce new individuals to crypto currency. CryptoBuxx facilitate the transfer of small amounts of specific crypto coins (Bitcoin, Ethereum, Cardano, Doge, Shiba Inu and Tether) to individuals with or without an existing crypto wallet. Coins can be transferred into a crypto wallet at any time. For complete details visit https://www.CryptoBuxx.com.

SafeMoon Announces Pricing Change
SafeMoon, one of the tokens available in printed CryptoBuxx gift certificates, has announced a 1:1000 consolidation that will take place a part of their migration from SafeMoon v1 to SafeMoon v2.
This means that for every 1,000 v1 tokens currently owned, they will be traded in for 1 v2 token. Correspondingly, the price of SafeMoon v2 tokens will change 1,000% from v1 resulting in the same value remaining with the holder. This change is planned for sometime in December 2021.
How this affects SafeMoon CryptoBuxx
SafeMoon CryptoBuxx were issued during the testing phase of CryptoBuxx.com with a denomination of 1,000,000 SafeMoon v1 tokens.
These CryptoBuxx and still be redeemed for SafeMoon v1 until the migration to SafeMoon v2 takes place. At that time, the value of the outstanding CryptoBuxx will be converted to 1,000 SafeMoon v2 tokens even though the face value of the CryptoBuxx will remain at 1,000,000 SafeMoon v1 tokens.
We will keep you up to date of the progress of this SafeMoon v2 migration.