Safuu
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| Safuu | |
|---|---|
| Development | |
| Original author(s) | Bryan Legend |
| White paper | "Safuu Protocol" |
| Initial release | 1 March 2022 |
| Code repository | BSCScan |
| Development status | Active |
| Website | safuu |
| Ledger | |
| Circulating supply | 788,500 [lower-alpha 1] |
| Supply limit | 3.25 Billion[1] |
| Valuation | |
| Market cap | >US$150 million[lower-alpha 2] |
Search Safuu on Amazon.
Safuu (acronym of Sustainable Asset Fund for Universal Users) is a decentralized digital currency and a DeFi auto-staking and auto-compunding protocol that, at the time of its introduction, set the record for the highest annual percentage yield in the decentralized finance space, with an APY of 383,025.80%.[2] [3]The interest is automatically paid to the holders of the token in their wallet, by increasing their amount of Safuu at a rate of 0.02355% every fifteen minutes, that is ninety six times per day. Founded in the first quarter of 2022 by a team of developers headed by Australian CEO Bryan Legend, held its initial coin offering on March 1, 2022 with an initial supply of 325,000 tokens.[4] It has since quickly drawn attention in the crypto community for its ingenious features, such as the Fire Pit, an automated token burning process, and the LIC (Longterm Interest Cycle), mechanisms that help to contain inflation and keep the project sustainable, despite its high interest yield.[5] The project's smart contract has been deployed on the Binance Smart Chain.
Other Activities[edit]
Although still in its infancy, in April 2022 the project had already began diversifying its activities outside of the crypto world by introducing its racing team, in cooperation with Team HARD, competing in the British Touring Car Championship.[6]
References[edit]
- ↑ "Safuu token". Gitbook. 17 April 2022. Unknown parameter
|url-status=ignored (help) - ↑ "Safuu - Launches Crypto's Highest Paying DeFi Yield of 382,945% APY". Globenewswire. 17 April 2022. Unknown parameter
|url-status=ignored (help) - ↑ "Auto Computing and Staking Protocol Safuu offers the highest apy in DeFi". Bitcoininsider. 17 April 2022. Unknown parameter
|url-status=ignored (help) - ↑ "Safuu makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards". CryptoCreed. 17 April 2022. Unknown parameter
|url-status=ignored (help) - ↑ "How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable". The News Crypto. 17 April 2022. Unknown parameter
|url-status=ignored (help) - ↑ "Safuu.com Joins Team HARD. Racing as Title Partner". Team HARD. 17 April 2022. Unknown parameter
|url-status=ignored (help)
External links[edit]
This article "Safuu" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Safuu. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
