With the help of its own, patented protocol, the Safuu Autostaking Protocol (SAP), a DeFi 2.0 protocol, offers users a decentralized financial asset that compensates them with a sustainable fixed compound interest model.
Staking in SAP offers token holders consistency, security, and a fixed high yield return of 382,945 percent annual percentage yield. The Safuu Insurance Fund, which is used in the Safuu token, receives 5% of all trading fees; by keeping the price stable and significantly lowering downside risk, it supports and backs the staking rewards.
The SafuuX Chain bills itself as a stand-alone, quick, and secure blockchain that gives dApp developers a platform to create smart contracts by being compatible with the Ethereum Virtual Machine.
The native currency of the SafuuX Chain eco-system will be SFX, which will function similarly to ETH in Ethereum in terms of being used to pay transaction fees also here’s SFX rewards system:
SFX will also follow the same workings as an Auto-Rebasing, Auto-Compounding
and Auto-Staking coin which allows the holder to receive reward payouts every 15 minute epoch.
Auto Rebase every 15 minute epoch
Holders of Safuu tokens on BSC will also be able to actively trade the SAFUU/SFX pair on the open market via the SafuuX DEX.
With PoSA (Proof of Staked Authority) consensus, the SafuuX Chain is able to have shorter block times and much lower transaction costs. Staking-based PoSA consensus offers more flexible alternatives for community governance, is more environmentally friendly, performs better, has faster block times, and charges lower transaction fees than PoW, which needs a lot of computing power.
SafuuX Scan (Block Explorer)
Similar to Etherscan or BSC Scan, SafuuX Scan is a block explorer designed for the SafuuX Chain. Users can browse through transactions, blocks, wallet addresses, smart contracts, and other on-chain data using the block explorer. By employing TxID and wallet address, one may easily access transaction data and wallet information.
SafuuX DEX (SafuuX Swap)
SafuuX DEX is an Automated Market Maker (AMM)
and native Decentralised Exchange of SafuuX Chain for instant swap of SAFUU-20 tokens. Our SafuuX DEX smart contracts or pairs manages a liquidity pool which has a reserve of two SAFUU-20 tokens similar to popular exchanges like Uniswap or Sushiswap.
Token swapping in SafuuX DEX lets users instantly trade one SAFUU-20 token for another without the need of Central Exchange. Our DEX does not use an order book to determine price or liquidity, instead uses an automated market maker (AMM) to determine rates and slippage.
When a user performs a swap on SafuuX DEX, they will only pay a 0.19% trading fee.
SafuuX Bridge is used for cross-chain transfer of assets between SafuuX Chain and Binance Smart Chain. This bridge serves as bidirectional transfer of SAFUU-20 / BEP-20 tokens in a quick and cost efficient way.
The BSC to SafuuX transfers will result in creation of newly minted tokens to SafuuX Blockchain known as SAFUU-20. Users will also be able to transfer SAFUU-20 tokens back to BSC which would result in burning SAFUU-20 tokens and subsequently unlocking the original BEP-20 tokens in Binance Smart Chain.
The service keeps watching the swap request events on both chains and sends transactions to swap proxy contracts on both chains.
The server monitors events to issue mirrored assets (tokens) on the SafuuX Chain.
There is a swap contract deployed on BSC mainnet.
The contract receives requests from the server to lock/unlock a number of BEP-20 tokens.
It is possible to collect fees.
There is a swap contract deployed on the SafuuX Chain.
The contract receives requests from the server to mint/burn a number of SAFUU-20 tokens.
It is possible to collect fees.
Binance Smart Chain to SAFUUX Chain
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