Many investors are probably wondering if the cryptocurrency boom will eventually flame out or if it will turn into the next big thing and thats where the SAFEx community hopes that SAFEX will turn into the next big thing. Safex certainly has a nice written blue paper and they have a very ambitious project, where they try to create a market place for sellers and buyers ie Ebay / Amazon.
SAFEX had a 90%+ gain last year after McAfee tweeted about SAFEX. McAfee Is well known for shilling, promoting, and making obscure cryptocurrency predictions, McAfee has had significant influence in the past promoting or discussing specific coins on Twitter. Some have gone on to see massive short term gains as did SAFEX in December.
The SAFEX project has had a lot of downs after being removed from numerous trading exchanges inc Bittrex and Cryptopia. This caused a lot of panic from some community members and SAFEX is currenty trading only on tradesatoshi a very small exchange.
As mentioned earlier this is a very ambitious project and the safex team is developing its own blockchain. Currently the Safex token exists on the omni layer of the Bitcoin Blockchain. However, once the Safex Blockchain is completed, that will change and it will exist on its own Safex Blockchain.
Daniel Dabex the creator behind the SAFEX blockchain has recently created a new software company that will be responsible for the creation and day to day running of the SAFEX platform.
The updates from the team have dried up in recent times, as it seems that Dan has his mind on Lieberland (the country thats trying to exist on no man’s land) rather then focusing on the task ahead. The last update that came advised the community that they are working on it in a timely manner.
What will be the next update and when will safex release its blockchain inc the new safex cash token I guess this will be released by the SAFEX team in a “timely manner”
What are your thoughts on SAFEX? comment below