SatoshiSwap Announcements

We’re excited to announce the next phase of our token merger and relaunch. Thank you for your patience and continued support as we’ve worked behind the scenes to move this forward despite the challenges along the way. Today, the Satoshi Street Bets voting platform is officially live. Both SSB and SWAP holders can now participate in voting on select key decisions that will help shape the future of the project. You can visit http://ssbvote.com to take part in our initial test proposal This vote is designed to validate the platform and ensure everything is functioning as intended. Voting power is weighted based on your token holdings and their dollar value at the time the tokens were frozen. Following this test phase, we will begin voting on select major proposals that will have a direct impact on the direction and development of the project. Please note that the claim portals for both SSB and SWAP will remain open for an additional three months. Thank you for being part of this journey. https://x.com/SatoshiSwapHQ/status/2039427449004654753 https://x.com/SSBcoin/status/2039427432772521990

Reminder @ssb_updates is where we're posting mini-updates, for those who want to see a pulse of things being worked on

Dear Community, First and foremost, thank you for your patience and understanding as we navigated through some critical developments over the past few weeks. We apologize for the delay in our updates. These recent challenges demanded our full attention and resources to ensure compliance and stability within our operations. Unlike many others in this space, we prioritize compliance and transparency, reflected in our operation through a registered company in the BVI (Diamond Hands Consulting LTD). Please note, our launch and liquidity are completely unaffected, and everything will be marching forward as planned. The only change will be in our touted DAO, which, in the grand scheme of things, we imagine most holders aren't too concerned about. Since the DAO is not part of our launch, for now we can put that to one side. What we've been doing • Our strategic marketing efforts have been immensely successful, growing our SSB call channel to an impressive 66,000+ members. This is only the beginning. • Work on version 1 of the public-facing ssb.io is now largely completed. • Our secret utility project is showing substantial progress. We've intentionally kept this project under wraps. Prepare yourself for a nice surprise at launch. • The website for our new token is ready and will be launching soon. A recap of some important information • The dollar value of everyone's tokens has been frozen at the trading price that $swap and $ssb last traded at. • Despite the decline in BNB value, your tokens retain their dollar value at the time of writing. • Considering the price of $swap tripled in dollar value shortly before the tokens were paused, many of you will be well-positioned by the freeze. Project safety • All project liquidity is safe. • Our track record in safeguarding funds over the years speaks for itself. • When our new token launches, the liquidity will be locked. You will be able to verify this yourself on any website on the day we launch. • We have a long history of doing the right thing by our community, and we will continue to do so. The plan ahead • We will be helping a couple of memecoins with promotion this month on the SSB call channel. The more successful these are, the more it will attract hype for the launch of our token and grow the channel to new heights. • We plan to wrap up work on our unrevealed utility project and tie up loose ends, such as the new mascot which was put on the back burner. • With some luck and good timing, we'll ride the next wave up with Bitcoin for the launch later this month or next month. • As a recap, the relaunch is a fresh start. Our 3-pronged approach will be the growth of Satoshi Street Bets as a community, the growth of our utility project, ssb.io and dex, and establishing our reputation as a hub for launching successful memecoins. Lastly, we've created a temporary channel @ssb_updates for informal, bite-sized snippets of information about what's going on. Less important things will be posted there and its purpose is just to show that things are alive in between our main updates Thank you for your continued support, and we look forward to a high-volume launch soon!

The claims portal is now live: http://claims.satoshiswap.net https://twitter.com/SatoshiSwapHQ/status/1773491302019019124 https://www.reddit.com/r/SatoshiStreetBets/comments/1bq9za0/the_swap_and_ssb_claim_portals_have_gone_live/

Our token $SWAP has now been deactivated and is in a permanently frozen state. Liquidity has also been withdrawn from the liquidity pool, so do not try to buy or sell $SWAP as it has been disabled. We are now deploying the claims portal for $SWAP token holders to register their claim for the new token we are launching! This portal will become available within the next few hours, and the full details will be provided in our next post https://twitter.com/SatoshiSwapHQ/status/1773433150145712305

https://twitter.com/SatoshiSwapHQ/status/1772964123195613308

https://twitter.com/SatoshiSwapHQ/status/1771153328803610977

SatoshiSwap BUY! 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 Price $0.0000250758 (0.0000000469 BNB) Spent $19,410.82 Received 815,738,745.19 SWAP MarketCap $10,772,515

https://x.com/satoshiswaphq/status/1769873805353099296?s=46&t=y42I2TacrfHEge7e5F8V9w

https://twitter.com/SatoshiSwapHQ/status/1766869927032475767

Important announcement Satoshi Swap ($SWAP) and Satoshi Street Bets ($SSB) are merging into a single token to be deployed on BNB and Solana networks Read more about this and our other news on Reddit! https://twitter.com/SatoshiSwapHQ/status/1763285800043634813 https://www.reddit.com/r/SatoshiStreetBets/comments/1b38z2u/swap_ssb_merger_and_other_updates/

🔥 Burn announcement! 🔥 In accordance with the DAO vote earlier this month we have now burned 1% of the total supply of SatoshiSwap, permanently removing it from the supply forever 👏 Explorer transaction: https://bscscan.com/tx/0x32428a2602371731ed13607fd3a37c8d9ea28cca46109135df09c7386744f703 This transaction shows 10,000,000,000 SWAP were burned using the burnAccount method, which you can see sends the tokens to the null address i.e. the canonical burn address. 10,000,000,000 SWAP represents 1% of the total supply (current tokens + future tokens; see the tokenomics section of the Swap website for more info) Tweet: https://twitter.com/SatoshiSwapHQ/status/1752060008752443445 Stay tuned for some interesting Swap updates this February 🤙️️️️️️

Voting on our first DAO proposal has completed with the winning outcome being to burn the 1% of the token supply! https://twitter.com/SatoshiSwapHQ/status/1747601671490785705 https://voting.satoshiswap.net

The SatoshiSwap voting platform for $SWAP has been launched! For our first poll the community can decide whether we burn 1% of the token supply or put it into a staking pool later in January. Vote now on the voting website: https://voting.satoshiswap.net Guide and full announcement https://www.reddit.com/r/SatoshiStreetBets/comments/18x4pws/the_satoshiswap_voting_platform_has_gone_live/ Tweet https://twitter.com/SatoshiSwapHQ/status/1742335801596264706

https://twitter.com/SatoshiSwapHQ/status/1703872816494346666

Our latest update can be read over at SatoshiStreetBets subreddit, check it out below and don't forget to like, comment and retweet! The SSB.io beta went live earlier this month and it's gotten off to a fantastic start! https://www.reddit.com/r/SatoshiStreetBets/comments/13hmz2e/swap_and_ssb_update_may_14_2023/ https://twitter.com/SatoshiSwapHQ/status/1657851481452584963

Important Update: SSB.io Launch Rescheduled - Your Patience is Greatly Appreciated Hello everyone. I hope this message finds you well and you're enjoying the warmer crypto weather this week after the crypto winter we've been through. We understand the excitement and anticipation surrounding the upcoming beta launch of SSB.io, and we have been working tirelessly to provide you with an exceptional experience. I regret that I have to tell you that we will be delaying the launch of SSB.io by 7 days to Sunday 26 March. I recognize that this is yet another delay, and it is with great reluctance that I share this news with you all. All I can say is that once SSB.io, along with the dex afterwards, is successfully launched and fully functional, these delays will fade into the past as mere stepping stones and we can towards a prosperous future. We mentioned last week the previous delay was caused by a re-indexing issue. While we thought we had solved this issue and allocated enough time to do the re-index, it quite honestly proved to be more complex than we initially anticipated and it emerged there was still some problems. Now we fully understand and have no doubts about next week. In the end, we faced a crucial decision: whether to launch the beta with lingering issues related to price data. After careful consideration, we concluded that it would be unwise to proceed when, with just a few more days, we can ensure rock-solid data integrity. Though the beta may have elements rough around the edges or incomplete, the overwhelmingly positive feedback we've received about the quality of our user interface adds to our opinion that we should ensure the data quality matches it. Once again, I apologize for the inconvenience this delay and I can assure you everyone is working overtime right now. Please note - chat moderators aren't aware of these things until the news goes public and have the same information as everyone else. David Gilbert

Our latest update has been posted, head over to the Satoshi Street Bets subreddit and read all about it now! https://twitter.com/SatoshiSwapHQ/status/1635020513495101441 https://www.reddit.com/r/SatoshiStreetBets/comments/11ppe40/swap_ssb_update_march_12_2023/

Dear community members, With the situation surrounding today's depegging of USDC I understand there is some concern amongst you. It's my duty from an ethical standpoint to ensure community members are fully informed and equipped with the relevant knowledge in terms of how this may impact Satoshi Swap and Derpy Toshi. We hold approximately 2.6 million USDC from the combined raise of our SWAP and DERPY presale on Copper Launch last year. At the time of writing this message USDC has depegged from $1 to approximately $0.9, giving our USDC a USD value of approximately $2.34 million. The SWAP and DERPY liquidity pools, which were funded from proceeds of the presale and have a combined value of approximately $880k, are not included in the above calculation as they are against ETH and BNB and are not directly linked to USDC. All of this is public information and we have spoken about our presale funds being held in USDC many times. We chose to keep the funds in USDC so they are visible on the blockchain in order to inspire confidence and transparency to investors, who may otherwise be alarmed if the funds suddenly disappeared from view whilst the project is still in the building phase. We opted against USDT due to it's reputation and constant negative rumours, and we opted against BUSD due to it's fragile regulatory position. I would encourage people to remain calm and patient whilst the team assesses the situation. Oftentimes these things are more complex than they first appear. We are exploring various possible solutions to mitigate the impact of any further USDC depegging. To list ones that come to mind: 1. Convert USDC into other stable coins (USDT and BUSD). The risk here is USDT and BUSD could also depeg. 2. Convert USDC into other crypto (ETH and BTC). The risk here is that the assets could devalue due to volatitlity. 3. Send the USDC to an exchange(s), convert to FIAT and store it there. The risk here is if USDC has a catastrophic fall, then exchanges may start falling like dominoes and we could end up trapped. A large part of the DeFi ecosystem is heavily built upon USDC. 4. Follow Step 3, but then send the FIAT to a bank. Diamond Hands Consulting Ltd is our company, which ran the presale and is situated in the BVI. However, for banking and legal reasons, it will be challenging to do this quickly. Transferring into one of my own bank accounts would be quicker - however, I am unsure of the tax implications for this, and with it being the weekend it wouldn't get sent out until Monday at the earliest and maybe a lot later if there are a sudden influx of withdrawals. 5. Wait and see. The risk here, obviously, is USDC could depeg further. Options 1 to 4 incur fees and possible slippage or change in value. It is very possible that USDC repegs when things calm down and we will have lost $250k. In short, this is a tricky situation to navigate. We will be closely monitoring the performance of USDC and other stable coins and will continue to analyze the situation. In the meantime, please feel free to respond to this message with your own opinions on the best path forwards. Sincerely, David Gilbert

SSB.io preview! Please share your comments and don't forget to like and retweet! https://twitter.com/SatoshiStBets/status/1634314845532176385 https://www.youtube.com/watch?v=DCO3sigSoe8&ab_channel=SatoshiStreetBets