Safex Cash

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.

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.

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.

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

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.