Safuvest Secures $100,000 During Private Token Sale

Safuvest has completed an initial private token sale round for its utility token $SAFV as they prepare to launch a blockchain powered fintech platform to increase the adoption of digital assets.

The Safuvest platform — which will allow digital asset holders to swap their assets between stable currencies and volatile assets or use it as collateral to borrow stable coins has raised $100 thousand in a private offering round.

Safuvest said that it will use these funds to grow development team, onboard advisors and extend more strategic partnerships.

A presale and a subsequent public $SAFV token sale is due to take place later this month. The Safuvest platform will utilize the SAFV token, which will be minted as a BEP-20 token on the Binance blockchain after the TGE before the public sale in early November 2022.

Leonardus Soeterbroek, Safuvest's project manager said:"Real adoption comes when millions of people are using crypto for their everyday needs without even knowing that they are using blockchain technology. Safuvest will accelerate the adoption and further utility of digital assets."

Source: Blockchain Wire