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SafeCoin is a community-driven cryptocurrency project that is aiming to create a more accessible version of the Solana blockchain. Through a unique blend of Proof-of-Stake and Proof-of-History consensus mechanisms, the protocol claims to deliver on security, safety, and speed.
According to the project’s whitepaper, thanks to utilising Solana’s PoH architecture the blockchain is capable of processing over 65,000 transactions per second (tps). However, unlike Solana, nearly anyone can run a validator node within the network thanks to integrating a Proof-of-Stake element. While leaning on Solana code, the blockchain differentiates itself by allowing all investors to easily support the network. As a result of the hybrid PoS/PoH model and substantially lower hardware requirements, any SAKE token holder can participate in the validation process. In addition to the SafeCoin blockchain, the community has developed SafeTrade, a cryptocurrency exchange, and SafeChat, an open-source video conferencing platform that facilitates encrypted private conversations.
SAFE is the native cryptocurrency of the SafeCoin blockchain. The coin is used to pay for transactions, smart contract capabilities – which were implemented in September of 2021 – and is also required to take part in the validation process. Unlike the majority of other cryptocurrency projects, the SAFE token was not launched with an ICO. Instead, tokens were fairly distributed to all those that had previously been supporting the SafeCoin community.
SafeCoin (SAFE) is the 1089th largest cryptocurrency in the world by market cap, valued at $6,457,348. The current price of SafeCoin is $0.29400106, which is 4.737% higher than yesterday. Prices have ranged between $0.30084404 and $0.23488362 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 19, 2022 07:05 UTC.
| Coin symbol | SAFE |
|---|---|
| Coin Marketcap | AUD$6,457,348 |
| Total SAFE supply | 31,214,532 |
| Circulating SAFE | 31,214,532 |
| Current price | AUD$0.29400106 |
| All time high | AUD$4.26 |
| All time high date | January 19, 2022 |
Historical prices compared with the price of $0.29400106.
| 1 hour | -0.24% |
|---|---|
| 24 hours | 4.74% |
| 7 days | 43.16% |
| 14 days | -18.93% |
| 30 days | -21.27% |
|---|---|
| 60 days | -30.35% |
| 200 days | -78.45% |
| 1 year | 13.19% |
Disclaimer: Cryptocurrencies, including SafeCoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SAFE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the SafeCoin or any other cryptocurrency discussed.
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