What is Safex Platinum Token?
Safex Platinum Tokens are the means of incentivizing and rewarding token holders/investors. SXP is the MAIN asset that allows users to create a unique market of their own and sell good/services. It will also be stake-able and collect rewards while staked aka “locked in”. This as well, will provide a repayment method on all loans so that you, the borrower will NEVER have to encumber with the stress of repaying via monthly payments. Instead your tokens become locked until the allocated amount borrowed is repaid in real-time in full, then they’re released back to the holder to use once more as they please.
| Safex Platinum Token Features | |
|---|---|
| Ticker Symbol | SXP |
| Token Supply | 21,000,000 |
| Algorithm | RandomX |
| Development Reserve | 630,000 SXP (3%) |
| Stake-able | Yes |
| Locking Rewards | 2 types – 5-20% SEC Miners Fee + 1% Marketplace Fee |
| Anonymous | Yes |
Safex Platinum Distribution
On July 4th 2020 Safeth.io will send invitations to all those that signed up for our ICO whitelist. Each of these users will be emailed a Bitcoin/Bitcoin Cash/Ethereum address around the moment each tier of Safex Platinum sales are to begin.During tiers 3 & 4 we will simple post the addresses publicly on this page right here.
Safex Platinum is a means of incentivizing users to create commerce an earn cryptocurrency in ways which provide dividends and “No Pay Back” lending for consumer based loans and shopping.
You will receive your Safex Platinum (SXP) tokens after the initial coin offering. After the initial coin offering we will the hire both full stack development members and start building our blockchain/wallet, as well as a 3rd party security audit team to ensure all code is indestructible and our network is reliable and functions as we intend. At that time all users will be instructed on how to create a wallet address, we will inform user of this process on all social media platforms as well as here at Safeth.io/Safethmarket.com. Finally after mainnet launches, based on your ICO TXID and timestamp we will credit each user with both the appropriate amount of Safex Platinum as well their bonus Safeth Cash (SEC) our private currency of the Safex Platinum marketplace and SafethMarket.com.
There are several benefits to purchasing and holding Safex Platinum tokens. First reason is there is a small quantity to ever exist, limited to a meager 21 million tokens that will ALL be for sale on July 4th 2020 to whitelisted emails. Another great benefit of holding Safex Platnium tokens is when locked you will earn both a miners fee based dividend similar to proof of stake as well as a marketplace fee per transaction of 1% for any and all sales on both the SafethMarket.com as well as our decentralized wallet based marketplace application. Finally Safex Platinum tokens will be your key to obtaining a “No Pay Back” loan a loan in which users will be able to collateralize their Safex Platinum tokens and the Safeth Cash (SEC) it is accruing until and authorize up to 10 times the collateralized asset (SXP) in cryptocurrency (SEC) thus creating a situation in which pays the loaned Safex Cash (SEC) back in due time without the user ever encumbering payments as well as releasing the collateral back to the user to loan once again with.
Eventually ALL exchanges will list both Safex Platinum (SXF) tokens as well as Safeth Cash (SEC). But until then we will aim for 2 exchanges minimum with at least 1 being a top 20 exchange.
Unfortunately not at this time, we are only accepting cryptocurrency and those currencies will be Bitcoin, Bitcoin Cash and Ethereum. Please whitelist your email for early buying as well as bigger bonuses.
Cost of performing an Incentive/Loan “lock in” ?
Performing a “lock in” transaction will cost an amount Safex Platinum Tokens in which changes according to its relative USD price; therefore we are pegging the account creation and cost of locking/Unlocking to $1 !
When “locked in” for a SAFeth signature “No Pay Back” loan however BOTH your SXP collateral will be
unlock-able as well as the SAFeth Cash SEC that its accruing during the payback period.