What Is SaFuu (SAFUU)?
SaFuu is an acronym for “Sustainable Asset Fund for Universal Users.” SaFuu offers users a decentralized financial asset that rewards them with a fixed compound yield model through its SAP protocol. SaFuu is a new financial protocol that makes staking easier and more efficient. SaFuu aims at DeFi innovation that creates benefits and value for Safuu token holders.
SaFuu delivers a highly-paying, auto-staking, and auto-compounding protocol. SaFuu offers a high fixed APY and a simple buy-hold-earn system that grows the SAFUU portfolio inside a user’s wallet at a fast pace. Buy-hold-earn is simply buying and holding the SAFUU token in the wallet. APY is an annual percentage yield that measures the real rate of return on the principal amount by considering the effect of compound interest.
SAFUU is the native BEP20 (BNB token standard) token of the SaFuu platform, which rewards its holders with automatic passive interest payments within 15 minutes over 13.5 years. This payment is made until the maximum supply of 3.25 billion tokens has been reached.
Further, the SIF (SaFuu Insurance Fund) serves as an insurance fund to achieve price stability and sustainability of the Safuu Protocol by continuing a consistent 0.02355 percent rate paid to all SAFUU tokens holders. SIF keeps the holders secure by:
Achieving sustainability for long-term and future growth of the Safuu Protocol
Avoiding flash crash through price stability
Reducing the downside risk
The SaFuu treasury offers additional financial support for the SIF, especially when there is an extreme price drop of the SAFUU token or any unforeseen black-swan event. Treasury establishes a floor value for the SAFUU token. A black swan is an unpredictable event beyond what is normally expected of a situation and has possibly severe consequences.
Two and a half percent of all SAFUU traded are burnt in the Fire Pit. The more that is traded, the more are burnt, which causes the fire pit to grow in size, decreasing the circulating supply and keeping the Safuu protocol stable. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value.
History of Safuu (SAFUU)
Safuu website’s documentation is being done this year. The Safuu team is comprised of a group of five blockchain/solidity/dApp/web developers, three marketing gurus, and one CEO.
