In the bustling world of cryptocurrencies, standing out requires a blend of innovation and utility—qualities Safex Cash embodies wholeheartedly. As a mineable proof-of-work coin, Safex Cash isn't just another digital currency; it’s a beacon of privacy, designed for seamless transactions within a burgeoning decentralized marketplace. What sets it apart? Stealth addresses and ring signatures ensure every transaction is cloaked in anonymity, safeguarding user privacy. With a carefully crafted emission curve aligning with tech adoption rates, Safex Cash is more than just a currency; it's a glimpse into the future of secure, private digital commerce. Delve deeper to discover how this unique cryptocurrency is redefining the way we perceive online transactions.
What is Safex Cash?
Safex Cash (SFX) is a privacy-focused, mineable cryptocurrency that was created in 2018 as the native currency of the Safex Marketplace. It operates on a proof-of-work (PoW) consensus mechanism, making it a secure and decentralized medium of exchange. The token aims to solve the problem of privacy and fungibility in online transactions, providing a secure and private medium for everyday users to buy and sell goods and services online with minimal friction and on-ramping.
Key Features of Safex Cash
- Privacy and Security: Safex Cash employs stealth addresses and ring signatures, ensuring that all transactions are private and untraceable. This makes it a robust privacy coin, ideal for users who prioritize anonymity in their financial transactions.
- Mineable Proof-of-Work Coin: Unlike many other cryptocurrencies that rely on proof-of-stake (PoS) or other consensus mechanisms, Safex Cash is mineable, allowing users to earn rewards through mining activities.
- Emission Curve: The emission curve of Safex Cash is designed to follow the rate of adoption of new technologies. This ensures a steady and predictable supply of new coins, aligning with the projected growth and user adoption.
- Decentralized Marketplace: Safex Cash is the native currency of the Safex Marketplace, a decentralized e-commerce platform that aims to make digital assets a medium of exchange in online shopping.
Token Market Data
Understanding the market data of Safex Cash is crucial for potential investors and users. Here are some key statistics:
- Current Price: $0.0011
- Market Cap: $346,486.45
- 24h Price Change: -0.02%
- 7d Price Change: 10.17%
- 30d Price Change: 10.24%
- 24h High: $0.0011
- 24h Low: $0.0011
- All-Time High: $0.9999 (2021-09-25)
- All-Time Low: $0.0001 (2023-10-24)
- Circulating Supply: 314,277,709.11
- Total Supply: 319,277,709.11
The Purpose and Utility of Safex Cash
Safex Cash is designed to be a fungible, private, and evenly distributed cryptocurrency. It serves as the primary medium of exchange within the Safex Marketplace, facilitating secure and private transactions. The token's utility extends beyond mere transactions, offering several unique features and benefits.
Solving Privacy and Fungibility Issues
One of the primary problems Safex Cash aims to solve is the lack of privacy and fungibility in online transactions. Traditional financial systems and many cryptocurrencies do not offer the level of privacy required for secure transactions. Safex Cash addresses this issue by using advanced cryptographic techniques to ensure that all transactions are private and untraceable.
Use Case in the Safex Marketplace
The Safex Marketplace is a decentralized e-commerce platform where users can buy and sell goods and services using Safex Cash. This marketplace aims to make digital assets a viable medium of exchange in online shopping, providing a secure and private environment for transactions. The platform's native SFX token is available for trading on several popular exchange platforms, including Bw.com, Digifinex, Bitrue, and p2pb2b.io.
Emission Curve and Distribution Model
Safex Cash has a total supply of 1 billion tokens, which will be emitted over twenty years through Proof-of-Work Mining. The emission curve is designed to follow the rate of adoption of new technologies, with distribution building up and peaking in 2025, and then steadily declining until 2038. This model ensures a steady and predictable supply of new coins, aligning with the projected growth and user adoption.
Tokenomics and Distribution Model
The tokenomics of Safex Cash refer to its economic model and mechanics, including distribution, supply, usage, storage, and governance. Here are some key aspects of Safex Cash tokenomics:
Total Supply and Distribution
- Total Supply: 1 billion tokens
- Circulating Supply: 314,277,709.11 tokens
- Emission Model: S-curve emission model, with a total of 1 billion tokens to be emitted over twenty years through Proof-of-Work Mining.
Utility and Functionality
Safex Cash serves as the primary medium of exchange within the Safex Marketplace. It is used to pay for products, services, and transaction fees. The Safex Token (SFT) operates as a utility token for the Safex marketplace blockchain and confers voting rights over the company's decisions.
Security and Privacy
Safex Cash employs advanced cryptographic techniques, including stealth addresses and ring signatures, to ensure that all transactions are private and untraceable. This makes it a robust privacy coin, ideal for users who prioritize anonymity in their financial transactions.
The Team Behind Safex Cash
The Safex Cash project is led by Daniel Dabek, the founder and CEO of the project. The team includes several key members who have contributed to the development and success of the Safex ecosystem.
Daniel Dabek
Daniel Dabek is the founder and CEO of Safex. He has a background in software development and has been involved in the blockchain industry for several years. Dabek has a track record of leading technology projects, including the Safex Marketplace, which was designed to be a privacy-conscious global marketplace.
Ivana Todorovic
Ivana Todorovic is a key member of the Safex team, responsible for designing the Safex Cash emission curve. Her work is based on the Diffusion of Innovations Model, which takes into consideration the rate at which new innovations and technologies are adopted and spread between socioeconomic groups.
Igor Grkavac
Igor Grkavac is a Serbian developer with exceptional coding skills who took over the coding of the marketplace functions. His contributions have been instrumental in the development and launch of the Safex Marketplace.
Unique Features and Benefits of Safex Cash
Safex Cash offers several unique features and benefits that set it apart from other cryptocurrencies:
Privacy and Security
Safex Cash employs stealth addresses and ring signatures to ensure that all transactions are private and untraceable. This makes it a robust privacy coin, ideal for users who prioritize anonymity in their financial transactions.
Decentralized Marketplace
The Safex Marketplace is a decentralized e-commerce platform where
