SafeSex Finance: A Brief Tale
SafeSex Finance: The Creation
March 24, 2021. It all began with Clown Pepe and some beach balls. It still warms our heart to see that cheerful grin he’s got on his face as he endlessly beats his balls. This was what we looked forward to when a group of 30 joined the channel, interested in being a part of SafeSex Finance history.
Within 12 hours of channel creation, our wonderful artist, Levi @kryptoillustrator (tg), designed and posted what has become the true spirit behind SSF and inspiration that we all know and love, Condom-kun. This single, rocket-propelled condom set the stage for the expectations of the token’s life moving forward. Undeniably cute, affectionate, and straightforward, rocket condom-kun could only relay the feelings of excitement that the team had about SSF.
This little guy shot up with a fiery burning passion. This burning sensation however was not from the chlamydia or urinary tract infection; no, instead, the burning was in our hearts. He ignited a belief in the project and the desire for us to create a token unparalleled. Since rocket condom-kun’s birth, we’ve witnessed him take on many roles, outfits, costumes, and customs, and expect many more to come! His strength is in his flexibility. And also in the durable latex .
Having condom-kun is fantastic. Condomina-chan? Glorious. But there’s one other thing that is important to us. What good is condom-kun if he doesn’t make a difference? So that’s what we set out to do. I mean, it’s in the name. Safesex (finance). We want to put condom-kun to work around the world. Couples practicing safe sex. Tinderers protecting themselves on their one night stands. Grindrs wrapping their, well, grinders. Consensual, healthy relationships. Recognition of abusive partnerships. Appropriate childrearing and the importance of supportive family members. We recognize there are a lot of issues. STD prevention, (in)accessibility to protection, or inability to afford it. We don’t want these issues to exist in the 21st century. We want to spread condom-kun to the world, not gonorrhea-kun.
Now, while we started out as a group of 30 ready to disSemenate condom-kun’s message to the world, we needed to outline responsibilities and determine who was doing what as a team member. Once we pared down dev team members to contributors, we were left with nary a dozen of us. This number continued to settle, and still does, to the team of 7 developers we currently have. I am grateful to all of those that have participated early on and those that have contributed ideas and hope that they are invested and will continue to invest in SSF. However, some tough decisions were made, some people couldn’t commit to the time needed, and we parted ways. No hard feelings, though some other things were hard. For condom-kun’s sake.
So, who’s on the team, you ask? Well:
Tony — Team administrator, organizer, and voice chat champion. Current lead dev of SSF V2. The first doxxed team member.
Levi — Levi Kryptoillustrator of the House Condom-Kun, First of the Name, the Unsullied, Victor of the Chans and the First Men, Levi of the Great grAss Sea, Breaker of groin pains, and Metaphorical Mother of Hardons. The one and only, irreplaceable, artist and NFT sensei.
DJ — Marketing lead, partnership corroborator. Engineer with a keen eye on success.
Jon — Critical and rational thinker, shiller extraordinaire.
Andrew — Tokenomics, researcher, writer. Sometimes funny, sometimes helpful, but sometimes just posts stickers and gifs.
Special thanks to Jason, Ali, Charmander, Dr. Deployer and Mike for being with the team during development & V1.
SafeSex Finance: The Fall
It’s no surprise to anyone that, despite all our work leading up to the presale and launch, our fall was swift, but by no means decisive. What happened on launch was comical on a cosmic scale, like we’ve enraged the karmic bear of injustice. But, ultimately, was heartbreaking to us on the dev team. We want to be upfront about these concerns and discuss some of our takeaways. Short summary of what happened:
Botted presale wallet: 60 wallets (at 0.5 max buy) were bought, consolidated, and sold almost immediately on launch for 220 BNB.
Sniped launch: a 50 BNB buy at launch sold for almost 500 BNB because they sniped at close to listing price. A second smaller wallet traded approximately 20BNB for 200BNB.
Safefairmoon tweet: A liquidity bug and contract ownership functions caused a lot of unnecessary fud at launch. We could not accumulate liquidity for the charity. Once this was realized we knew a V2 token was inevitable, and soon. The charity aspect was too important to us to let it slide.
‘Copycat’ tokens: With a name as popular as Safesex, there were bound to be other tokens released with the name. While we hold no animosity towards other tokens, people get cutthroat when their money is involved. So, some individual actors targeted fud our way to protect their own investments. While we appreciate any friendly competition, the hatred towards our token and community did not stop within their own community, but would be brought to ours. Attacking others is unfortunately common in this defi space with project investments where time and money is involved, especially when your investments are threatened in some way. So, while we are open to constructive criticism and feedback, we do not tolerate any kinds of personal attacks, and we largely ignore discussion between comparing the safesex coins.
Website issue: What can I say here, we launched a newly redesigned website over the old domain name. At launch. It’s a shame it didn’t populate immediately, as we scrambled to figure out what was happening. Ill-timing on our part, but a learning experience. People were getting flashbacks to other rugs that took down the website and telegram groups. Never our intention, just wanted something nicer for marketing launch.
Voice Chat: While we opened voice chat, various devs were in and out, and between the issues above, no one had all appropriate information. Uncertainty led to doubt, and doubt led to paper hands.
Moderation Team: Similarly, we did not have an established moderation team for telegram at launch, and found it difficult to handle the voice chat, typed chat, and the above issues simultaneously. Since then, we’ve gotten dedicated members and holders to assist us. We love and appreciate them very much!
Presale bot-trap: We wanted to do what we could to allow regular users into the presale, because by the nature of using the dxsale launchpad, any tokens with known addresses are susceptible to bots and users with multiple wallets. So, we wanted to do what we could to prevent that. We first launched the token with our previously audited and public contract address, then launched a second dxsale with a newly audited contract address. We made sure to announce that it was critical to follow the dxsale link we post for the correct address, and followed through by posting it on our whitelist and public chats in near succession. However, as these ‘presale’ communities have become dominant in the space of dxsale presales, they may have seen this move as an attack on multiwallet and bot users (which, theoretically, it was). This likely prevented a number of users waiting for the correct presale token address to appear from getting in. While this attack was not personally against anyone, it likely caused increased fud by these users in the community. And, despite a clearly fake listing using our original token address (10,000 BNB hardcap, other obvious details), we still received 40 BNB (80+ wallets) of users in the presale.
So, that about sums up what happened at launch. While marketing efforts trickled through, we were so focused on putting out the current fires that we lost some investors’ trust, people sold, and moved on. We want to earn back that trust and more.
Ultimately, we are committed to being transparent with our community and we want to address any and everything that we can. After that inevitable presale pump and dump, we are set for a continual recovery and expect great things for our future.
SafeSex Finance: The Redemption
Here we are. We’ve got the strongest, most faithful community. We’re committed to you, the project, and the message. Our faith was shaken, but at the same time affirmed. We know what needs to be done, to improve and move on. The feedback given to us has been wonderful, sometimes poignant, but taken to heart.
What can we do, and what have we done since launch?
First, as an effort of trust, the dev team:
- Has not sold any team tokens.
- Has not sold any marketing tokens.
- Has not sold any NFT wallet tokens.
- Burned liquidity from presale to try and stabilize price (we may have jumped the gun on this one).
- Paid for marketing out of pocket (some bag holders have also done this as well).
- Audited 3(!) times for different contracts (V1 + V2).
- Fixed charity liquidity issue. Removed other unnecessary lines in the contract.
- Put liquidity from V1 to V2 (the ultimate trust!).
We love you all and don’t want to disappoint. While we cannot know what the future will hold, we are working towards our vision and goals of spreading condom-kun to the world.
Second, what’s the deal with the new contract and the situation around it?
Well, when we recognized the issue with the contract liquidity regarding the charity wallet, we knew a V2 token was coming sooner than later. So we set out to right all the wrongs. We knew we were still competing to be the mainstream safesex name, and needed to consider a renaming (but not rebranding, of course). What names did we consider? Here’s a list:
Safesex Finance (Keep it)
Safersex / Safestsex
Condom-kun (CKUN)
Kundom (KUN)
Savesex
Sexperience
Sexodus
Sexit
SafeLove
SaveEveryoneX (SEX)
SaveEXistence
SuperKun
SafeMate
SexEducationX
Sexe
Safusex
MoonSex
SuperSex
Sex-kun
Sexucation
SexFinance
SafeSex Reloaded
StaySafe
OnlySex
Birds & Bees
WhenSex
SexScene
You get the picture. We went through a lot of deliberation. Had mood swings. We decided to change to another name, made a website and some graphics using the new name (shoutout to Levi), and ultimately, decided… we were right all along. SafeSex Finance was the best name for us. We can’t rename greatness like that. We’ll shake off all the negativity from launch and prove that this is the coin to take to the moon. We’ll ride together.
SafeSex Finance: The Restoration
What does the future hold for us? Well, we’ve refocused our energy on the relaunch of SafeSex Finance V2.
Here’s a list of what’s in store:
Tony is assuming control of the contract for V2 and doxxing himself. He is doing this because, up until this point, no single person had full control over the liquidity pool. The tokens we’ve collected to this point for the swap have been controlled by the multisignature dev team wallet. However, when creating the SEX-BNB pair, there is a touchpoint in which one person controls the full pull of BNB. This means that, for full trust and transparency, Tony is revealing his face and parts of his ID to release before the liquidity pull, as insurance to our community and to our fellow dev teams. At this point, we’ve all been invested in a token when it has rugged, and it never feels good. So we want as much insurance and assurance as one can get in this world of Defi altcoins.
All V1 holders must send their V1 tokens to the team wallet (0x89C0977911E499376FDfB81488a76Ed3dF521c8B). The V1 tokens will be used to pull the liquidity out from V1 and placed into V2. Afterwards, the V2 tokens will be airdropped to everyone who submitted their V1 tokens. If you missed the deadline, we will still manually swap for you. We know everyone isn’t watching telegram constantly. But one day when you check on your long term SafeSex Finance investment and see something’s amiss, come to us and we’ll evaluate.
We’re dedicated to a large marketing effort with the relaunch of V2. We’ve learned from the first launch. Communication, communication, communication. We strive to be as transparent with you as condom-kun is with his latex-y skin.
What is best for the token will be a healthy, steady growth. We’ve already experienced our parabolic curve up, and hope that the next one is more reflective of a sustained long-term hold. We’ve already seen that we have the best community out there. Remember, when pulling your initial, make a dip, not a dump!
With love,
The SafeSex Finance Team
Andrew
