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Secure Asset Fund for Users (SAFU)

Por CoinGecko | Atualização: 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

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Related Terms

Market Order / Market Buy / Market Sell
A market order is a buy or sell order of stocks or cryptocurrency at the best price available in the current market as soon as possible.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Ticker
A ticker is a stock or asset symbol that abbreviates the asset name and it can be used as an identifier of the asset.
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
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