What is Safuu Coin?
Safuu Coin is a decentralized finance (DeFi) innovation that allows its token holders to generate benefits including profits from their stakes. Powered by the Safuu Auto-Staking Protocol (SAP), the Safuu platform makes staking easier and more efficient. Through its auto-compounding value, the platform awards $SAFUU token holders one of the highest stable returns on their investment. That is, it has been built with a lucrative, yet sustainable fixed compound interest framework, which compounds value to DeFi investors.
The total supply of $SAFUU token was pegged at 368,373.15 and was first traded on 2nd March 2022. As a decentralized technology to deliver consistent returns for holders of the $SAFU token. At the time of writing this article, $SAFUU was trading at $11.39.
SAFUU has been listed on several exchanges, and its price has been surging since its release. However, unlike other cryptocurrencies, Safuu cannot be bought directly with fiat money. To buy SAFUU, you must purchase a USDT from a fiat-to-crypto exchange, and transfer your USDT to the exchange where SAFUU is traded.
What Makes Safuu Unique?
One of the most unique and exciting features of the Safuu protocol is its automatic token burn system known as “The Fire Pit”, which prevents circulating supply from getting out of hand and becoming unmanageable. The protocol burns 2.5% out of all SAFUU token market sales, which enables it to pay all token holders every 15 minutes or 96 times daily. This makes it the fastest auto-compounding protocol in the crypto market today.
How does the Safuu protocol generate money to pay its token holders?
The protocol makes money through its SAFUU Auto-Liquidity Engine (SALE), which injects automatic liquidity into the market. Through this protocol, each buy or sell order gives out a tax-free 4% revenue that is stored in the LP wallet. The 4% cumulative revenue is built into the SAFUU protocol’s smart contract. 50% of the money automatically buys BNB at the current market price. The remaining 50% of the token is stored in the LP wallet to maintain the protocol with enough liquidity, hence giving equal and 50/50 weighting of SAFUU/BNB that will then be automatically added as new, additional liquidity into the market pair. This increases the amount of liquidity in the pool to ensure the platform remains sustainable. This is what ensures holders of the $SAFUU token earn consistently.
Is SAFUU protocol legit or a scam?
Despite being launched just recently, the SAFUU protocol has attracted a lot of interest from crypto investors. So far, many early investors have earned some decent profits since its launch and many are joining the platform to enjoy it too. However, as a new crypto project in the market, it is important to be careful whenever you invest in it. If you’re ready to invest, you must do your own research and reviews online to establish how you can benefit by holding SAFUU tokens and avoiding losing your money. So far, the platform has consistently generated lucrative passive income for its ever-growing investors.