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SafeMoon has announced that it will launch a new Meme coin in Solana, but the contract has not yet been made public

SafeMoon, a DeFi protocol, has announced the launch of meme coins based on the Solana blockchain, designed to increase liquidity and provide SFM holders with the opportunity to exchange tokens for new assets. It will adopt a relaxed model with no intended use and focus on community interaction and engagement. Meanwhile, SafeMoon recently destroyed 22,000 billion SFM tokens and plans to support automatic exchange through the VGX wallet to inject liquidity into the ecosystem. This move aims to move beyond past controversies and legal issues and put the future of the project in full control of the community. The team emphasizes that the smart contract has not yet been made public, reminding users to avoid purchasing any unofficial version of SafeMoon tokens to avoid fraud. The SEC and the Department of Justice have accused Safemoon and its executives of fraud.