#SAFU originated from the cryptocurrency exchange Binance and stands for “Secure Asset Fund for Users”. This fund was created in 2018 to protect the interests of users and to provide additional insurance for their funds. It is a kind of emergency insurance fund, where 10% of all trading fees are allocated.
The acronym itself originated from a meme within the cryptocurrency community. Binance’s CEO, Changpeng Zhao, made a typing error in a tweet saying “funds are safu” instead of “funds are safe”, which led to the creation of the #SAFU meme.
In summary, the #SAFU hashtag represents a commitment to user protection and security within the cryptocurrency world, particularly as it relates to the funds held on the Binance platform.
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