/ Conviction Index / SafeMoon (Defunct)

SafeMoon (Defunct)

Defunct · SAFEMOON · Launched Mar 2021
F

Critical (F) — Conviction Grade

SafeMoon was a 2021-cycle memecoin with built-in 10% transfer-tax mechanism. Founders charged with fraud by SEC and DOJ (Nov 2023). Bankruptcy Dec 2023. Cautionary example of transfer-tax memecoin structural fraud.

9
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
F
Governance Decentralization
F
Liquidity
F
Adoption & Utility
F
Regulatory Posture
F
/ Public-Record Events

Key events & disclosures.

  • Launch Mar 2021
  • SEC + DOJ fraud charges Nov 2023
  • Bankruptcy Dec 2023
  • Founder Kyle Nagy fugitive

/ Best for

Not relevant. Cautionary example.

/ Watch out for

Transfer-tax tokens have produced consistent fraud patterns. Avoid this category entirely.