🪙SHA Token
The SHA token is the primary utility token for both SafeSwap and the broader Safe Haven ecosystem.
Last updated
The SHA token is the primary utility token for both SafeSwap and the broader Safe Haven ecosystem.
Last updated
Originally, SafeSwap was built to expand the Safe Haven ecosystem and thus the SHA token to multiple blockchains. The SHA token is integral to the Safe Haven ecosystem.
SafeSwap's synergy with SHA increases the token's utility across the entire Safe Haven ecosystem and especially across blockchains. And as all Safe Haven products require SHA as an element of utility, we anticipate higher demand as adoption of our products increases across multiple blockchains.
Since fees on SafeSwap are either paid in native gas tokens (Blockchain Gas + SafeSwap Platform Fees) or in fiat/stablecoins (Project Listing or Integration Fees), you are probably wondering how SHA is involved and how SafeSwap adds utility to it.
Well, every swap on SafeSwap and every new project listing indirectly boosts demand for SHA:
Rewards Pool for SafeNode Owners: Part of SafeSwap platform fees are used to market buy SHA and are distributed to SafeNode owners.
Permanent Token Burns: Another part of the SafeSwap platform fees is used to market buy SHA that are then permanently burned, making SHA a scarcer and deflationary asset, enhancing its attractiveness to investors.
Boost from Project Listing Fees: The initial $10,000 of a project's listing fee contributes 30% to the SafeNode Rewards Pool, indirectly incentivizing SHA purchases.
