Golden
Safex Cash

Safex Cash

Safex Cash is an open source, privacy focused cryptocurrency with an emission curve based on the Diffusion of Innovations model. It is the principle currency of the Safe Marketplace platform.

Created in 2018, Safex Cash is a privacy focused open source cryptocurrency. It is one of two tokens built on the Safex Blockchain and is the native currency of the Safex Marketplace.



The core focus of Safex Cash is to have a fungible, private, and evenly distributed cryptocurrency, which everyday users can use to buy and sell things online with minimal friction and on-ramping.



Safex was founded by software developer Daniel Dabek.



Distribution Model

The main function of Safex Cash is to act as an intermediary instrument between parties, that is, to facilitate the business of the market by acting as a common medium of exchange.



In order to achieve such goal, a distribution model was designed by Economist Ivana Todorović to scale with the growth of the platform and overall supply and demand. Consequently the emission curve focuses its emission schedule based on projected growth and user adoption.



This distribution model is unlike traditional cryptocurrencies where the majority of the currency is emitted within the first few years of operation. It is also influenced by Rogers Diffusion of Innovations model, which takes into consideration the rate in which new innovations and technologies are adopted and spread between socioeconomic groups.



Supply and Distribution

A total of 1 billion Safex Cash will be emitted over the span of twenty years through Proof-of-Work Mining. It follows an s-curve emission model. Distribution will build up and peak at 2025, and then will steadily decline until 2038.

Year
Block Height
Mining Reward
Total Supply

2018 Airdrop

0

N/A

10,000,000

2018 Start

262,500

60

25,750,000

2019

525,000

130

59,875,000

2020

787,500

200

112,375,000

2021

1,050,000

270

183,250,000

2022

1,312,500

340

272,500,000

2023

1,575,000

410

380,125,000

2024

1,837,500

480

506,125,000

2025

2,100,000

400

611,125,000

2026

2,362,500

320

695,125,000

2027

2,625,000

260

763,375,000

2028

2,887,500

200

815,875,000

2029

3,150,000

160

857,875,000

2030

3,412,500

120

889,375,000

2031

3,675,000

100

915,625,000

2032

3,937,500

80

936,625,000

2033

4,200,000

64

953,425,000

2034

4,462,500

52

967,075,000

2035

4,725,000

44

978,625,000

2036

4,987,500

40

989,125,000

2037

5,259,375

40

1,000,000,000



Once the emission schedule is completed the block reward will be reduced to 3 Safex Cash.



Airdrop distribution

An initial airdrop supply of 10 million was introduced to circulation at the start of the blockchain, accounting for 1% of the total maximum supply of Safex Cash.



5 million of the airdrop supply was allocated to the Safex Development Fund, and 5 million was allocated to holders of the old placeholder currency Safe Exchange Coin. Users were airdropped 0.0023 Safex Cash for every 1 Safe Exchange Coin that was burned.

Timeline

People

Name
Role
Related Golden topics

Daniel Dabek

Founder, Chief Architect

Daniel Dabek

Further reading

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Documentaries, videos and podcasts

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Date
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Everything you wanted to know about Safex, Safex Marketplace and Safex Cash



Companies

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References