SAFU, the Secure Asset Fund for Users is an emergency insurance fund. On the 3rd of July, 2018, Binance announced the Secure Asset Fund for Users. SAFU NETWORK is a decentralized finance project with Charity program integrated which is allowing users access to transparent loans, insurance contracts, pooled investments, and more for financial freedom that allow not just turning inefficient money into efficient money, but does so
The origin of the term "SAFU"
During unscheduled maintenance, Changpeng Zhao (CZ), the Binance CEO, tweeted out to users stating: Funds are safe. After this, the phrase “Funds are safe” became regularly used by CZ to ensure users were aware that their funds were, in fact, safe.
Later, on May 19, 2018, a content creator named “Bizonacci” uploaded a video, titled “Funds Are Safu” on youtube. The video quickly spread and became a viral meme. The phrase “Funds are safe” was no longer used, and instead, the community began using the phrase “Funds are safe”
What does it mean if your crypto funds are SAFU?
You might have noticed the hashtag “SAFU” while you were cruising through your Twitter feed. They know there’s a lot of crypto lingo to keep up with, but this one has a particularly interesting backstory. Not only will this post tell you a darn good story; but seeing this hashtag will bring you a sense of relief if you are currently holding crypto. Not sure where They’re going with this? Let’s just say this is the hashtag you want the CEO of your cryptocurrency project to be sending out when bad news is on the horizon.
Safe Crypto
The very concept that they value a non-government-regulated set of assets is still relatively new in theory. Ultimately, blockchain technology is “safe” due to the belief that the majority of the crowd is honest. This means that the value tied to their cryptocurrency only holds value because the majority of people believe it does. But this whole concept is relative. Blockchain allows us to avoid using the bank as a third-party intermediary. But to some extent, they must still place trust in a third party. Therefore, their trust that the investments they make are safe is still at the mercy of whatever company is holding their funds.
How Does the Team Benefit from the SAFU Project?
Their only aim is to keep building their Liquidity Pool Stronger, this will benefit both the community and the team. The higher the LP Value, the lesser manipulation can be done by whales. This also benefits us since their team gets the daily trading/LP fees generated by trading in Pancakeswap.
Does this mean SAFU price will always stay stable to index value?
No, They will list at a price higher than the index value. If in any case price comes 15% in confluence to index price, their reserves/buy-back feature will make sure it never comes any closer to the index value. Price can very well go 2-10-100X+ and will be independent with no confluence to the index value. They will keep on adding/pooling many assets in their Index asset basket, which will reduce any market risk to the world’s safest token SAFU. If any project wants to become a partner and wants to pool their token in their basket, they have to buy a certain amount of SAFU-BNB LP tokens which will play a significant role in the buy-back feature.
SAFU Network Token
SAFU Token is tokenized in such a way that the price will never fall below the indexed price based on a basket of similar SAFE-Assets. They have created SAFU TOKEN (SAFU) a Great Token build on the Binance Smart Chain (BSC) accessible and usable by everyone and most importantly a Fiat convertible token through different payment gateways. With SAFU TOKEN and their platform, you will generate passive income with all DEFI features including but not limited to high-yield farming, static staking pool, Liquidy locking, and more.
Don’t be alarmed even though this does sound scary. But have comfort in knowing that all good investments come with risks. As any finance student would tell you, greater risk means the potential for greater reward. As an industry defined by constant growth and improvement, your potential earnings are unfathomable. Not just because it is hard to predict the new implications of this technology.
Contact With Us:
Website: https://safunetwork.net
Facebook: https://www.facebook.com/Safunetwork
Instagram: https://www.instagram.com/Safunetwork1
LinkedIn: https://www.linkedin.com/company/safu-network
ANN : https://bitcointalk.org/index.php?topic=5334706.new#new
Road Map: https://safunetwork.net/roadmap.html
Telegram: https://t.me/safunetwork
Tweet: https://twitter.com/Safunetwork
Authorship
Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5334758.msg57002943#msg57002943
Forum Username: nerobmon130
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2578561
Telegram Username: @bristysaha
Smart Chain (BSC) Wallet Address: 0x64F07a07bcd2476ca02EE8BA2d9b3D7368d07e9a