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Price
$0.0019
10/3/2022, 1:42:26 PM
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Market

Market stats

Market cap

$3.5M

Volume (24h)

$0.18

Circulating supply

1.9B SFT

All time high

$0.26

Price change (1h)

+3.85%

Price change (24h)

+8%

Price change (7d)

0%

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Safex Token price is unchanged in the past week.

The price increased by 8.00% in the last 24 hours. In just the past hour, the price grew by 3.85%. The current price is $0.001863 per SFT. Safex Token is 99.28% below the all time high of $0.26.

The current circulating supply is 1,885,974,016 SFT.

About

What Is Safex Token (SFT)?

Safex Token (SFT) is the utility token powering Safex, a community-driven open source marketplace platform on the blockchain. The platform aims to simplify trading goods and services and prevent merchants from the odds of centralized web stores. Mostly regulated platforms levy high charges against transactions and leverage data to expand their customer base. However, Safex allows merchants to create unstoppable web stores and conduct direct trading of goods without intermediaries. As its Bluepaper describes, Safex introduces a fungible digital asset system. The platform envisions using digital crypto assets as the primary medium of exchange in web-based commerce.

Safex seeks to encourage mass adoption of cryptocurrency in the world of eCommerce. To ensure maximum productivity and secure trading, Safex runs on a privacy blockchain. The blockchain utilizes a crypto-node application layer protocol to secure and stop the spreading of valuable information. Also, the Safex blockchain includes upgraded marketplace protocols with a vision to facilitate secure borderless transactions and eCommerce.

SFT or official Safex token provides merchants the means to license their business on the blockchain network. The network imposes a 5 percent charge on the successful trading of goods and services in the marketplace. However, the charges are handed out as token rewards to all SFT holders. In addition, merchants can lock SFTs and stake the tokens to keep rolling revenues from the marketplace. Besides encouraging revenue sharing, SFT empowers users to vote and participate in the platform’s work and decisions.

The Safex network also features Safex Cash, a mineable crypto coin that functions as a secure medium of exchange within the Safex ecosystem. The utility token seeks to optimize interaction and usage between the participants in the marketplace. Safex Cash relies on a Proof-of-Work mechanism to mine coins without the need for expensive rigs. Mining of the token is pretty much effortless using CPU and GPU.

History of Safex Token (SFT):

Daniel Dabek is the creator and founder of the Safex Token (SFT). Daniel is the former lead software architect in the blockchain industry. Currently, he is the executive director of Safex Foundation. The blue paper was published on January 3, 2018, by Daniel and Ivana Todorovic, the principal designers of SFX or Safex Cash.

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FAQ

What is the current price of Safex Token?

The price of 1 Safex Token currently costs $0.0019.

What is the market cap of Safex Token?

The current market cap of Safex Token is $3.51M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Safex Token?

The all-time high of Safex Token is $0.26. This all-time high is highest price paid for Safex Token since it was launched.

What is the 24 hour trading volume of Safex Token?

Over the last 24 hours, the trading volume of Safex Token is $0.18.

What other assets are similar to Safex Token?

Assets that have a similar market cap to Safex Token include OTOCASH, Navcoin, KARMA, and many others. To see a full list, see our comparable market cap assets.

How many Safex Token are there?

The current circulating supply of Safex Token is 1.9 billion.

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