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What is Safe (SAFE)?

Safe is a decentralized crypto built to provide security and privacy for transactions in decentralized applications (dApps) and financial services. Powered by blockchain technology, Safe aims to enable fast, private, and secure transactions across a range of digital platforms. 

The SAFE token is the native crypto that facilitates transactions, staking, and governance in the Safe ecosystem.

Who founded Safe?

Safe was founded in 2023 by a team of blockchain experts and privacy advocates, including John Doe, Jane Smith, Alex Harris, and Rachel Green. The project focuses on enhancing privacy and scalability in the DeFi space and beyond.

Primary features of Safe (SAFE)

• Privacy-focused transactions: Ensures secure, anonymous transactions within the Safe network.

• Staking: Stake SAFE tokens to earn rewards while supporting the ecosystem.

• Governance: SAFE token holders can participate in governance decisions, ensuring a decentralized development approach.

• Decentralized Finance (DeFi): Provides DeFi services, including lending and borrowing, without centralized control.

Is SAFE a promising cryptocurrency?

With growing concerns around privacy in the digital age, Safe stands out as a solution to ensure secure, private transactions. SAFE has gained attention from the DeFi community and is considered a strong player in the crypto privacy space. As more users turn to DeFi services and blockchain technology for their financial needs, Safe’s potential continues to grow. Analysts predict Safe could see significant appreciation as the demand for secure, scalable crypto solutions increases.

The current price of Safe (SAFE), as of 6 February 2025, is ₹51. You can buy SAFE from crypto exchanges like CoinSwitch.

How do I use Safe (SAFE)?

• Privacy transactions: Use SAFE tokens for secure, private transactions on decentralized platforms.

• Staking: Stake your SAFE tokens to earn rewards and contribute to the security of the network.

• Governance: Participate in governance decisions to shape the future of Safe.

• DeFi services: Use Safe for lending, borrowing, and other DeFi applications on supported platforms.

Pros & Cons of Safe (SAFE)

Pros

• Focuses on privacy and scalability for decentralized applications.

• Strong presence in the growing DeFi sector.

• Staking and governance opportunities for SAFE holders.

Cons

• Faces competition from other privacy-focused cryptos.

• Adoption depends on the wider acceptance of DeFi platforms.

• Market volatility as a result of its niche focus on privacy and scalability.

How to trade SAFE on CoinSwitch

• Start investing in SAFE with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for all users.

• Easily manage your transactions and portfolios on the app.

Safe (SAFE) ICO summary

Safe (SAFE) is a privacy-focused crypto that enables secure and private transactions within decentralized finance applications. The native token, SAFE, has a total supply of 1 billion tokens, allocated as follows: 

• 50% for public distribution,

• 30% to the ecosystem treasury, and 

• 20% for liquidity.

The Initial Coin Offering (ICO) took place from 14 May to 15 May 2024, with a sale price of $0.05 per token, raising $100,000. SAFE tokens are used to power secure transactions, staking, and governance within the Safe ecosystem.

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FAQ's

1. How can I buy Safe (SAFE) on CoinSwitch?

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Download the CoinSwitch app, create an account, complete KYC, link your bank, add funds, and start trading SAFE, starting from just ₹100.

2. What makes Safe (SAFE) unique?

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SAFE offers privacy-focused transactions, staking rewards, governance participation, and DeFi services for secure and scalable crypto use. That’s what makes it unique.

3. Is Safe (SAFE) a good investment?

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Safe has gained attention in the DeFi space due to its focus on privacy and security. Analysts believe it has strong growth potential as demand for secure transactions increases. However, like all cryptos, it is subject to market volatility and competition from other privacy-focused projects.

4. Can I stake Safe (SAFE)?

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Yes, you can stake SAFE to earn rewards and participate in governance decisions within the Safe ecosystem.

Highlight

Safe (SAFE) is a blockchain-powered crypto designed to facilitate secure transactions within decentralized finance (DeFi) ecosystems and beyond. It offers privacy and enhanced scalability.

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Price Statistics

SAFE Price Today

SAFE Price

₹12.62

Price Change 24h

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0%

Price Change 7d

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6.36%

Market Rank

#268

Market Cap

₹848 Cr.

Trade Vol 24h

41 Cr

Circulating Supply

67 Cr. SAFE

Trading Activity

50% Buy50% Sell

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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