IN PROGRESSSAFUPlay word of the Day sport day by day. Get 5 correct answers & Win a share of 500000 factors!
2023-11-thirteen to 2023-11-19
funds are SAFU.
The secure Asset Fund for users (SAFU) is an emergency insurance fund that was hooked up in 2018 to protect Binance customers in intense situations. over time, weâve continued to monitor SAFUâs size, maintaining the balance at a degree ample to shield our customers.
In January 2022, we introduced that SAFU used to be well worth $1B. as a result of the recent marketplace conditions, that fee is now well worth $735m. As of November 2022, weâve topped the SAFU balance back to $1B.
We made a promise to our person base, together with the larger crypto environment, that SAFU would constantly preserve a vast level. Weâll retain to uphold that promise and maintain to construct.
without protective consumer pastimesâ, SAFUâs definition encompasses 3 critical components toward mass adoption: faith, integrity, and transparency.
Retail investors and buyers area a massive quantity of trust in centralized crypto exchanges.
that is why we called upon different centralized exchanges to follow our steps and publicly publish their coverage pockets addresses. users deserve to recognise if they're shifting their hard-earned money into a platform that employs sufficient protection measures and is completely obvious with consumer funds.
when customers credit their cash at the Binance platform to use our merchandise, they could rest assured we're fiscally responsible with those budget. Binance isn't always and has in no way acted as an funding association or a hedge fund. we've got heard from the network loud and clean that the industry wishes to move beyond what is required.
Itâs our obligation, as a collective, to ensure users experience blissful in the crypto surroundings. robust cybersecurity measures are solely one a part of the equation; the alternative part is a protection internet that can mitigate as plenty damage as feasible within the event of an emergency.
