What is Safuu?
Safuu is a decentralised finance project that provides high interest to token holders. Through its Safuu auto-staking protocol (SAP), the platform can provide users with one of the highest fixed annual percentage yields in the cryptocurrency industry – up to 383,025% for one year. Interest rewards are automatically compounded every 15 minutes, generating 0.02355% for SAFUU holders.
How does Safuu work?
The Safuu platform has four features that allow users to earn interest on their holdings. Every time a SAFUU token is bought or sold, fees are applied and used to fund the four features behind the platform.
First is the Safuu insurance fund, which gets 5% of every buy and sell of SAFUU coins. The insurance fund is where interest is paid out to holders and is also used as a way to eliminate any risk of price instability to the network.
Next is the Safuu treasury, which takes 2.5% of every buy and 4.5% of every sell. The treasury is used to fund new developments of the Safuu network.
Third is the ‘fire pit’, where 2.5% of every transaction is burned to reduce its circulating supply.
Finally is the Safuu automatic liquidity, which takes a 4% fee from every transaction and is used for providing SAFUU token liquidity on exchanges.
How is the Safuu network secured?
Safuu is secured by the blockchain it runs on. It is built on the Binance Smart Chain, which uses a hybrid consensus algorithm called proof of stake authority. This means other users on the network, known as validators, verify transactions.
The Binance Smart Chain is different to other blockchains, – Ethereum for example, uses a network of 70,000 validators, while BSC uses just 41. For their work in verifying transactions, validators are rewarded with tokens.
What is Safuu used for?
Safuu’s main use is to generate wealth through passive income for token holders. Safuu is an acronym for Sustainable Asset Fund for Universal Users and its goal is to provide a simple way to earn high interest for crypto users. It is a relatively new project that was only launched in 2022 and its website states it aims to broaden the platform in the future by adding more Defi services.
Why does SAFUU have value?
Its value comes from the high APY it claims is available. Within the first year, users on the Safuu platform can year 383,025%, or 0.02355%, every 15 minutes. This is amongst the highest interest rewards available in the crypto industry. Another reason the project has value is its ‘fire pit’, which automatically burns 2.5% of every token when a transaction is made. Burning is simply a process of reducing the number of coins available, which ultimately increases their value.
Who created Safuu?
Safuu was created by Bryan Legend, who is also the project’s CEO. Legend has been involved in he blockchain industry for 8 years and created the Safuu Defi protocol to make it easy for users to earn interest.
Where can I buy Safuu?
You can buy SAFUU on a decentralised crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.
Are there any other ways to invest in Safuu?
The simplest way to invest in Safuu is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.
More about the SAFUU price
What is the Safuu price today?
The SAFUU price is currently $1.74, as of October 2022. The price of Safuu is down 99% in the past year. You can use the live Safuu chart to track the SAFUU/USD price in real time above, or compare the Safuu value today to its past performance using the Safuu price history tab at the top of this page.
What is the price prediction for Safuu?
The average Safuu price prediction values the coin at $5 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.
It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.
What is the total supply of SAFUU?
The circulating supply is 45,332,631.86 SAFUU, out of a total maximum supply of 3,250,000,000 SAFUU.
Are there any Safuu alternatives?
There are lots of Safuu alternatives and many cryptocurrencies offer similar decentralised financial services. Safuu is one of the newer coins and there are many others that have been around longer and offer more stability. Here’s a selection of SAFUU alternatives.
- Polkadot. Polkadot was created by one of the developers who made Ethereum and is a popular staking coin.
- Cosmos. Cosmos is d믭 the ‘internet of blockchains.
- Tezos. Tezos has historically provided strong staking rewards.
More crypto guides
Yes, the platform is built on the Binance Smart Chain and offers many security features. You can also buy and hold SAFUU coins inside a crypto wallet that is only accessible via a private key.
The Safuu website claims users will be able to earn 383,025% APY within the first year. Although there is little information regarding the authenticity of such high rewards. The platform is also very new and has only been around since early 2022, so verifying these claims is impossible.
Latest Safuu price analysis
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