What is Safe Exchange Coin?
Safex is the token behind the safe exchange project, the project's goal is to create a decentralized anonymous market place. However the safex token wont be used as currency in the market, what will be used as currency will be the chille token, safex is meant to act as shares and holders will earn a percentage of chille when the chille blockchain is launched. Holders of safex will also get 10% of the fee in every transaction made on the chille blockchain.
I went to the safex slack and asked a few questions I didn't find the answer to on the website. You might have the same questions so here they are:
If the safex token was build using omnilayer and it runs on the bitcoin blockchain, what will happen if bitcoin harforks?
"if bitcoin hardforks the omni layer maintainers have a contingency plan all exchanges and wallets will conform to the longest chain"To receive the fees from the transactions on the chille blockchain will we have to stake the safex?
"yes and also safex will go into the chille blockchain"Will chille holders be able to stake as well?
"no will be proof of work mining"
And those are the answered questions for now!
Peace out.