Safe Exchange Coin (SAFEX)
Are you looking for cryptocurrency that allows you to arrange and settle public or private safe contracts and you are not sure which one to choose? This article talks about the safe Exchange cryptocurrency and all you need to know about it. When it comes to cryptocurrency, there are many cryptocurrencies in the market. Knowing which one to choose depends mainly on your demands the benefits you want from your cryptocurrency company.
What is Safe Exchange coin?
Safe Exchange is a decentralized blockchain developed by Daniel Dabek. It allows users to arrange and settle all their public and private Safe Contracts. Users can choose to keep the contracts anonymous and identified on the platform while doing any transaction either buying or selling. While Safe Exchange does not have a particular currency, it has a cryptographic token known as Safe Exchange Coin (SEC) which allows users to perform functions on the system.
What function does SAFEX perform?
With Safe Exchange Coins (SAFEX) users can buy or sell standardized agreements in the decentralized marketplace. They can also settle exchange of stocks, commodities, and bonds. Holder with the SEC token can pay other complex contract deals such as real estate transactions. The clearing of any transaction happens automatically. In addition to other things you can do with SEC, it allows users to participate in altering the exchange policy, discuss the validity of contracts and receive dividends.
Safe Exchange is based on FIE protocol. The FIE is the Financial Information Exchange protocol which deals with various exchanges globally. Using the protocol and utilizing the SAFE Network’s security feature safe Exchange allows users to exchange value just like Amazon, Chicago Board of Trade, New York Stock Exchange, Craigslist, eBay and others do.
For cryptocurrency to be a member of the Safe Exchange currency, they need to use the SEC. After becoming a member, you can input into the function and governance of Exchange. Concerning the development of Safe Exchange platform, it was created using 2, 12 billion SEC and distributed in crowd-sale. The crowd-sale raised money used in developing the platform. SEC can be purchased and managed on the Safe Exchange website
When it comes to the marketplace, just like other cryptocurrencies, SEC fluctuates in price. The fluctuations happen over a period of time to help the holder of the currency to cope with the market drawbacks. SEC token can be exchanged for Bitcoin, Dollars or any other currency that has value.