SafeETH current price (SAFEETH)

$0.00000000135

39.57%
Trading Volume (24h)
$57,636.38

Market/Exchange

Exchange
Currency Pair
Price
Trading Volume (24h)
Cat.Ex
Cat.Ex
SAFEETH/TRX

SAFEETH Price Prediction and Price Movement

SAFEETH has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that SAFEETH's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if SAFEETH is backed by a solid development team and whether SAFEETH's technology has any potential to grow.

Please note that this analysis is purely base on SAFEETH's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.

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SafeETH Price Chart

About SafeETH

What Is SafeETH (SAFEETH)?

SafeETH is a Defi token. According to the SafeETH website, SafeETH is a deflationary autonomous yield and liquidly generation protocol. SafeETH applies a tax of 4% to every transaction, which is then split in half. While 2% of the fees are distributed proportionally across the existing holders, the other 2% goes automatically to the liquidity pool.

What Is The Purpose Of SafeETH?

According to the SafeETH whitepaper, the purpose of SafeETH is to provide token holders with a way to earn yield from their tokens without having to stake or farm. Also noted is that the splitting of these fees provides holders with an incentive to continue holding for longer periods in order to realize this yield. Additionally, the whitepaper asserts that the automatic LP adds stability to the protocol by providing a price floor on SafeETH for token holders and the automatic burn strategy helps SafeETH token holders in the long term.

How Many SafeETH Coins Are There?

SafeETH launched on March 23th 2021 with a total supply of 1,000,000,000,000,000. Sixty percent (60%) of that supply was sent to a dead address (burned), leaving current circulating supply under 400 trillion.