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About Safex Cash

Safex Cash (SFX) is a marketplace and changeable digital cash system protocol. According to the whitepaper, the platform is a peer-to-peer marketplace with an embedded anonymous cryptocurrency with an excretion rate that is based on merit and is easy to obtain. Safex Cash network enables online merchants to get available breaks from being stuck at the understanding of centralized platforms that charge fees to compete against their customers. The platform aims to unite the world through cryptocurrency and blockchain technological creations to enhance communication and improve human quality of life.

Cryptocurrencies are favorably effective for making global payments and purchases. Nevertheless, there are many flaws due to the offsite clearing of the payments. The Safex blockchain addresses those flaws by delivering a fully operational marketplace agent where people can offer their goods or services straight away on the blockchain. Also, all the payment processing takes place atomically through blockchain transactions.

The SFX is a native digital cryptographically connected utility token of the Safex Marketplace. The token is planned to play an essential role in the functioning of the ecosystem on the Safex Marketplace. Safex Cash token is a non-refundable operational utility token used as the mode of exchange between participants on the platform. SFX tokens provide a mechanism for people to license themselves with the blockchain network. The tokens are utilized in two different forms: In the main form, the Safex tokens are employed to make an account on the network. And in the second, someone with Safex tokens holding can lock in their tokens in the blockchain and begin receiving fees from the marketplace. The Safex blockchain settles incentives to the utilities mentioned above. Safex Cash is distributed using a proof of work mining algorithm.

Daniel Dabek founded the Safex Cash protocol and serves as executive director of the Safex Foundation. The token's total supply is 1,000,000,000 SFX tokens. The whitepaper of the network was released on January 3, 2018, and revised on November 5, 2020.

Market

Australia Market Stats

Market cap

A$452,575.60

Volume (24h)

A$201.63

Circulating supply

330.1M SFX

All time high

A$0.0895

Australia Market performance

Price change (1h)

+0.05%

Price change (1d)

-9.87%

Price change (1w)

+12.52%

Price change (2w)

-19.74%

Price change (1m)

-18.17%

Price change (1y)

+4.94%

Australia News about Safex Cash

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Unchained • May 02, 24

Eigen Foundation to Allocate an Additional $1,000 in EIGEN Tokens to Over 280,000 Users

The Eigen Foundation announced Thursday that it will allocate an additional 100 EIGEN tokens, currently worth about $1,000, to more than 280,000 users in an effort to increase the accessibility of its token for early adopters and respond to community criticism of specific details of EigenLayer’s ...

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Decrypt • May 02, 24

Jito Price Jumps After Topping Solana DeFi Protocols With $1 Billion Locked

Jito Network became the top DeFi protocol on Solana, with liquid staking pool token JitoSOL rising by 8.5%.

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Bitcoin Magazine • May 02, 24

Script State from Lamport Signatures

A breakdown by Andrew Poelstra on how Lamport Signatures, a hash based signature scheme, can be used to create a global state that any Bitcoin transaction can reference to settle smart contracts.

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The Block • May 02, 24

Crypto-friendly Reps. Nickel and Flood urge SEC to give the green light to options on spot bitcoin ETFs

Lawmakers asked the SEC to approve the listing and trading of options on spot bitcoin exchange-traded funds amid delays.

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CoinDesk • May 02, 24

Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others

The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.

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Safex Cash is on the rise this week.

The price of Safex Cash has increased by 0.05% in the last hour and decreased by 9.87% in the past 24 hours. Safex Cash’s price has also risen by 12.52% in the past week. The current price is A$0.0014 per SFX with a 24-hour trading volume of A$201.63. Currently, Safex Cash is valued at 98.47% below its all time high of A$0.0895. This all-time high was the highest price paid for Safex Cash since its launch.

The current circulating supply of Safex Cash is 330,118,719.96 SFX which means that Safex Cash has as total market cap of 330,118,719.96.

FAQ

What is the current price of Safex Cash?

We update our Safex Cash to AUD currency in real-time. Get the live price of Safex Cash on Coinbase.

What is the market cap of Safex Cash?

The current market cap of Safex Cash is A$452.58K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Safex Cash?

The all-time high of Safex Cash is A$0.0895. This all-time high is highest price paid for Safex Cash since it was launched.

What is the 24 hour trading volume of Safex Cash?

Over the last 24 hours, the trading volume of Safex Cash is A$201.63.

How many Safex Cash are there?

The current circulating supply of Safex Cash is 330 million.

Can I buy Safex Cash on Coinbase?

No, Safex Cash is not currently available on Coinbase, but you can sign up to get the latest news on Safex Cash and be notified when it gets added to our exchange.