SAFEX Launch - Time Will Tell

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Well as someone who is not as crypto-informed as the majority of people I encounter on here, I am never too sure about investing into Crypto based ideas, However about a year and a half ago, a very good friend of mine suggested that I buy in on a Innovative e-commerce platform called SAFEX - and after a long awaited time, it has finally reached the point of being tested in Beta, with the main-net launch being anticipated for the end of this year.

What is SAFEX?

Safex is a digital market place based on a decentralized platform that is built on a blockchain.

Safex offers their clients an environment that is not only safe and secure - but private as well, where they can trade both goods and services direct from the source meaning that it will cut out the middleman that you would expect to be present in the majority of commercialized trading centers.

Safex is designed to run on two different tokens Safex Cash (SFX) and Safex Token (SFT)

SFX

This token is said to be a mineable cryptocurrency that will allow its users to shop on the Safex Marketplace on the blockchain.

SFT

While the Safex utility token will allow the community to open user accounts to buy and sell on the Safex marketplace while financing and supporting the creation of the Marketplace.

source

But I think that this short informative video explains it quite a lot better than I ever could:


And although all this information is good and well, I am still not entirely sure if this was a good move on my behalf - but I invested in 10000 Safex tokens - and at this stage it could really go either way.

But if you would like to go find out a little more about safex - you can visit them on:
https://safex.io or https://twitter.com/safex

And please feel free to let me know what you think!



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7 comments
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Before putting money into any coin read the whitepaper (sadly many do a copy and paste of other peoples). Who owns the company their track record, so many are branching off of main Monero blockchain you do need to be cautious.

Never heard of them @breezin but then I have not been looking of late. Did a search and found forum where you can read more https://bitcointalk.org/index.php?topic=1258419.0 last page is latest information on forums. You don't need to sign up to read, only if you wish to ask questions. Good luck.

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I have never heard of them, but then I am also not really crypto informed, but I am a bit cautious of buying new crypto coins.

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It sounds like a great idea: an agora where people can transact on a peer to peer basis with a reasonable fee. I like it in principle. If it manages implementation well, and is competent to resist regulatory coercion, I hope it achieves the wildest dreams of it's developers, and profits you immensely.

Ross Ulbricht is proud.

Thanks!

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hahaha, this was some much needed positive feedback. :D

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Thank you for your presence of 'marlians.com'. It is more valued than you may know.

This is 'your boy terry' and at this stage, i am turning to each human and steemian as it has become very pertinent to do so. I have grown very ill and i cater to my dad who is ill. If i continue like this, i may deteriorate beyond repair. I need to heal and i need your help.

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Listen to my talk:

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I have explained all my projects in a 70-min read here, just incase you want to read more about the histories and stories constituting 'surpassinggoogle' to gain a detailed understand of what each my projects is about.

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Your boy Terry, whether bulls or bears.

PS: Feel free to translate where applicable and share!


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