Early on the 13th of November 2017, two large Safex withdrawals from the Bittrex exchange finally saw its overall holdings land under 1bn Safex.
Throughout the Safex community the sub 1bn Bittrex target has been hailed as a milestone for investor confidence in the Safe Exchange project.
This comes after a long weekend of wallet maintenance on the exchange which blocked any incoming and outgoing Safex coin movement.
Discord member Johnnie Walker commented on the recent milestone:
Scarcity. If someone is moving a large amount of TO the exchange, they are most likely there to trade/sell. If they’re REMOVING it they’re putting it in a wallet to hodl.
Large movements of Safex Coin into non-exchange wallets often signifies long-term holding. A strong single that investors are confident in the medium to long-term success of the Safe Exchange project.
At the time of publishing this article, Safex distribution figures are as follows:
- Total Safex on Bittrex : 988,355,423
- Total Safex Wallets : 3,308
- Average Wallet Size (excl. Bittrex) : 350,402
Yes this appears both a vote of confidence in the Safex project, and a smart move to store your Safex in the Safex Wallet in anticipation of (Chille) coin airdrop….
Don’t forget Safex pays dividends in real time depending on how many Safex you own 😉
Tell me how to earn coins with my Safex
please!
Larry
Hi Larry.
Earning Safex coins will be a feature released when the Safex Marketplace is released ~Q2 2018. If you’re holding Safex Coins in your Safex wallet, you will earn a “dividend” from the transaction fee made on the marketplace.
Richard,
Thanks for your efforts to get this SAFEX News Feed up and going. What can we do to complement your efforts? This story certainly bodes well for the longer term viability of the project. Thanks for posting!
Thank you for the feedback David. Really appreciate it.
You can help in many ways. Sharing the articles with interested investors, submitting news/tips etc.
Thanks
Rich
New to cryptocurrency investing. I bought safex on bittrex and now feel anxious about them freezing my wallet. I’ve now downloaded a safex wallet onto my computer but still can’t access my coins from the bittrex site. Any insight would be appreciated.