Up over 200% in 4 days: Why is Safuu protocol grabbing attention?

Highlights 

• SAFUU is up 24% in the last 24 hours.
• Launched on 3 February 2022, SAFUU is the native token of Sustainable Asset Fund for Universal Users (Safuu).
• Safuu provides the fastest auto-compounding protocol in crypto as token holder gets interest in every 15 minutes.

SAFUU token, which is up over 200% in the last four days, is grabbing attention these days. Launched on 3 February 2022, the native token of Sustainable Asset Fund for Universal Users (Safuu), are paid as interest rebase rewards. As per Safuu, every token holder in the BSC wallet receives 0.02355% interest every 15 minutes (an annual yield of 383,025.80%). Safuu claims it is crypto's highest-paying auto-staking and auto compounding protocol.

Compared to its peers, Safuu provides much higher annual yield along with features such as automatic burn, sustainable rebasing, auto-liquidity and insurance fund.

SAFUU price

At the time of drafting, SAFUU price was hovering at US$147.64 on crypto exchange CoinMarketCap. It is up 24% in the last 24 hours. After touching an all-time low of US$47.43 on 2 March 2022, this token has rallied nearly 211% in the last four days.

Worth mentioning here is that cryptos are a high-risk investment due to high price volatility. Investors need to exercise extreme caution while investing in these instruments.

CoinMarketCap ranks this crypto at 3,016^th place. It has a fully diluted market capitalisation of $48.5 million and has a supply of 329,158 coins.

Why is SAFUU grabbing all attention?

Of late, DeFi is generating huge interest among investors as it is becoming the easiest and agreed-upon way to make money work for you by locking or staking tokens and receive interest income at higher rates, which most thought were unachievable. DeFi companies often use financial algorithms and token staking strategies known as protocols consisting of smart contracts to create these high returns.

Developers of Safuu have introduced the Safuu Autostaking Protocol (SAP), a Decentralised Finance (DeFi) 2.0 protocol that provides a decentralised financial asset, which rewards users with a fixed compound interest model through the use of its unique proprietary protocol.

SAP provides token holders a consistent fixed return of 382,945% per annum from staking. The distinguishing feature is that here interest yield is paid automatically and compounded in the wallet, guaranteeing investors never miss a payment.

Safuu provides the fastest auto-compounding protocol in crypto as token holder gets interest in every 15 minutes. This means interest is compounded 96 times each day.

Auto burn is another exciting feature of Safuu Protocol. The Fire Pit is an automatic token burn system of Safuu protocol and aims to contain circulating supply so that it does not become unmanageable. The Fire Pit burns 2.5% out of all Safuu token market sales.

On 6 March, Safuu, through its official twitter handle informed that it burned AU$568,800 (5000 SAFUU@US$113.76) into the Fire Pit. At that time, the Fire Pit held 4.39% of the total supply and the value of Fire Pit was US$1,771,179 with 15,619.96 SAFUU tokens in it.

On February 20, the company made public findings of the audit of its system conducted by Solidity Finance, which said, "Please ensure trust in the team prior to investing as they have substantial control in the ecosystem."

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