Well i don't think its a scam. However like 99.9% of crypto projects its a bad project. So i think its a difference between scam and bad project. In their defense most crypto projects are bad and don't make any sense why people buy them. We know they only buy them for speculative purposes and not actual use cases.

So i wouldn't rank Safemoon anymore worse than most of the projects that exist around here. The problem is we have a string of deflation coins and deflation projects with no use cases lol. So they do these tokenomics of token burns but there is always but always no substance to them.

So why do people buy them? Same reason they buy most cryptos safemoon just cuts to the chase to appease their gambling addictions lol. So not a scam but a bad project like most. If you going to do a deflation project first of all we don't need a ton of tokens you and your owners can exploit people with especially if your product is already cloned technology and its not unique etc., Next have a use case you feel will be useful to the world and that people will use primarily because deflationary tokens are going to have a similar feel to pump and dump coins unless there is a real plan in the future for it. These ethereum based projects for the most part just don't have that. They been doing these ethereum contract games like that for years now. They appear every year same thing with a different marketing scheme lol. No just make a product thats going to actually be useful to people and that we will want to use.