SafuuX (SFX Sacrifice): A blockchain that wows you

Since the inception of Bitcoin, the very first cryptocurrency, cryptocurrencies have grown in popularity with a bang. If we look at the charts, statistics, and data, we can clearly see that it’s not just the short-term traders who profit, but the long-term investors who retain their assets for years and see their holdings grow. The use of stacking methodology uses an algorithm where one can lock and hold their assets for a long time, they can receive an APY on them.

This post is about a special initiative project called SFX Sacrifice and we will be looking at some of its features closely.

But before we move ahead let us understand a little bit more about the SafuuX Chain and what it means in the crypto world.

What is the SFX sacrifice chain?

Safuu provides a decentralized financial asset that rewards users with a sustainable fixed compound interest model using SAP technology. Safuu offers the highest fixed APY in the market, given every 15 minutes, with a simple buy-hold-earn technique that increases your portfolio in real time.

According to the business, the profitability of SAFUU is dependent on a well-designed infrastructure that includes a fire pit to reduce circulating supplies, a liquidity engine to govern the pool, and an insurance fund to protect the rewards. In this article, you will get a piece of detailed knowledge about issues and problems related to SFX sacrifice.

Let us look at some of its key features.

Features of SafuuX (SFX Sacrifice)

Auto-Compounding

The Auto-Staking and Auto-Compounding Protocol are one of the greatest fixed APY in the industry. The rewards are compounded altogether after every 15 minutes interval for every BSC wallet holder.

Safuu Insurance Fund (SIF)

The SIF functions as an insurance fund to promote price stability and long-term sustainability of the Safuu Protocol by maintaining a steady 0.02355% rebase rate paid to all $SAFUU token holders.

The Fire Pit

Around 2.5% of all $SAFUU are burnt in the Fire Pit. The more that is traded through this exchange platform, the fire pit grows in size reducing the circulating supply and keeping the Safuu protocol stable.

Closing thoughts-

Safuu or SFX sacrifice has been successful ever since launch but is still very new to the markets and suddenly has fallen substantially. This makes it extremely difficult to forecast the token’s price and whether this DeFi platform can live up to our expectations. We will just have to wait and see what this platform brings onto the plate in the future for crypto enthusiasts.

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