Cryptocurrency Q&A
When did Binance SAFU start?
When did Binance SAFU start?
MysticInfinity
Wed Nov 20 2024
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6 answers
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Binance SAFU was not a specific event or program with a start date, but a slogan used by Binance to assure users that their funds are safe. The term gained prominence during an incident in February 2020, when Binance CEO Changpeng Zhao used it to reassure traders during a minor delay in orders.
6 answers
Sara
Fri Nov 22 2024
In July 2018, Binance introduced the SAFU, a unique fund designed to safeguard user assets.
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SkyWalkerEcho
Thu Nov 21 2024
The fund had reached a remarkable $1 billion, demonstrating the success and effectiveness of Binance's commitment to user security.
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Giulia
Thu Nov 21 2024
The SAFU was financed by allocating a fraction of the trading fees generated on the Binance platform.
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MysticStar
Thu Nov 21 2024
This innovative fund aimed to provide an additional layer of security for users, ensuring their funds were protected in case of any unforeseen circumstances.
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Stefano
Thu Nov 21 2024
Over time, the SAFU fund grew steadily as more trading fees were contributed to it.
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