Secure Asset Fund for Users (SAFU)
By CoinGecko | Updated on Mar 03, 2020
On the 3rd of July, 2018, Binance announced the Secure Asset Fund for Users (SAFU) as an emergency insurance fund to protect their users in the event of any hacks or security breaches.
The SAFU fund is collected as a portion of users' trading fees, and increases as more users trade on Binance
Related Terms
Zero Confirmation Transaction
Another name for "unconfirmed transaction"
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Contributors to a blockchain taking part in the process of mining.
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation.
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