The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
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Safex Token
SFT
Safex Token is not supported by Coinbase.
Market
Market stats
Market cap
Not enough data
Volume (24h)
Not enough data
Circulating supply
Not enough data
All time high
Not enough data
Price change (1h)
+100%
Price change (24h)
+100%
Price change (7d)
+100%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Safex Token is on the rise this week.
The price of Safex Token has risen by 100.00% in the past 7 days. The price increased by 100.00% in the last 24 hours. In just the past hour, the price grew by 100.00%.
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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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Safex Token Calculator
How much is 1 SFT?
Conversion Table
SFT/CAD (Canadian Dollar)
CA$0.00
SFT/BRL (Real)
R$0.00
SFT/EUR (Euro)
€0.00
SFT/NGN (Nigerian Naira)
NGN 0.00
Reading List
News
Decrypt • Sep 27, 23
You Can Now Trade Bitcoin Mining Hashpower on Arbitrum
The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.
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Unchained • Sep 27, 23
SEC Chair Gensler Says Bitcoin Isn’t a Security
Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on
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CoinDesk • Sep 27, 23
The Protocol: Google Pushes Deeper into Blockchain
Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.
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CoinDesk • Sep 27, 23
With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)
There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.
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The Block • Sep 27, 23
FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance
Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.
Read more
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FAQ
What is the current price of Safex Token?
We update our Safex Token to USD currency in real-time. Get the live price of Safex Token on Coinbase.
What other assets are similar to Safex Token?
Assets that have a similar market cap to Safex Token include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.
Can I buy Safex Token on Coinbase?
No, Safex Token is not currently available on Coinbase, but you can sign up to get the latest news on Safex Token and be notified when it gets added to our exchange.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.