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SAFU

In the cryptocurrency world, "SAFU" is a popular term originating from a misspelling of "safe." It gained prominence following a tweet from Binance CEO Changpeng Zhao (CZ), which reassured users that their funds were "SAFU," or safe. Since then, SAFU has evolved into a broader term to assure users that their funds or investments are secure.

SAFU in Practice:

  • Binance Secure Asset Fund for Users (SAFU): Binance established a Secure Asset Fund for Users (SAFU) in 2018. This emergency insurance fund is designed to protect users' funds in extreme cases, such as security breaches or technical failures. A portion of trading fees is allocated to the SAFU fund to maintain stability.
  • General Use: In the broader crypto community, the term is used humorously and sincerely to reassure users about the security measures, whether for exchanges, wallets, or investment platforms.

Satoshi

A Satoshi is the smallest Bitcoin unit, equal to 0.00000001 BTC. Sats make Bitcoin more accessible by enabling small transactions, fractional ownership, and fast payments through the Lightning Network.

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Native Token

A native token is the primary cryptocurrency of a blockchain network. It is designed to power the ecosystem by facilitating transactions, governance, and other functions.

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Asset

Crypto assets are digital forms of value on the blockchain, including cryptocurrencies, NFTs, stablecoins, and more, used for payments, investments, and decentralized applications.

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