Safex: Blockchain Engine for eCommerce Stores
Safex is an open-source, privacy-based decentralized marketplace, which utilities contemporary crypto and blockchain technology to enhance the eCommerce marketplace for both buyers and sellers.
Through time, we have seen the marketplace go from simple bartering to a currency economy, from simple markets to brick and mortar stores and then on to a digitized marketplace via the eCommerce revolution.
By providing everyone in the eCommerce ecosystem with privacy that cannot be found on centralized online shopping platforms where “big data” is the main focus – Safex has carved out a niche for its services.
Safex Was Founded With the Future in Mind
Founded in 2016 before Bitcoin hit the mainstream, Safex was a forward-looking collective that understood the potential of blockchain, crypto, and eCommerce.
After 4 years of development, the Safex Blockchain was developed alongside with its proof-of-work currency Safex Cash (SFX). By July of 2020, its first Stagenet went live and ready for public testing of its decentralized marketplace.
The crypto commerce marketplace creates new alternatives to the centralized digital marketplace that has been dominated by large corporations such as Amazon, Alibaba, and other major entities.
In addition to having questionable data gathering practices, some of these major eCommerce portals create higher prices for consumers and sellers.
Safex provides a low barrier to entry marketplace that allows even small shops to enter the digital age. Allowing consumers to privately shop at a cheaper price while sellers reach their maximum profit margin through low fees and fair practices.
The Staff at Safex is Dedicated to Creating Opportunity
Founded by Daniel Dabek, similar to other tech pioneers such as Bill Gates, Steve Jobs, or Mark Zuckerberg, Dabek dropped out of college and headed straight to Wall Street.
During his time in the US financial capital, he had acquainted himself with the intricacies of peer-to-peer networking, scientific computing, distributed price analysis modeling, and prediction algorithm optimization.
These skills were the cornerstone of the trading execution algorithms and price following system that is still in use today on Safex.
Following an interest in cryptography, he had joined MaidenSafe and its SAFE Network which later inspired Debek to create Safex out of the demand for privacy and security in the global marketplace.
Safex Has an Innovative Platform
Safex currency, Safex Cash (SFX), and Safex Token (SFT) can be purchased on the Xcalibra crypto exchange. As a stakeholder in the development of Xcalibra, Debek ensures the smooth onboarding of both SFX and SFT.
Xcalibra is a trusted exchange which gained an accumulated amount of $5 million in funding. Within its first 18 months, it rounded up to $2 million and a further $3 million was later obtained to help the platform grow.
In 2019, Xcalibra went live featuring SFT and SFX alongside other major tokens like ETH and BTC, and further down the line in 2020, an integration between Xcalibra and Simplex allowed Xcalibra users to purchase ETH and BTC via a credit or debit card.
Xcalibra is one of the go-to places to obtain SFX and SFT – and it may grow to serve other markets as well.
A Competitive Marketplace
As mentioned above, the current eCommerce marketplace is dominated by large sites that often charge a 15% to 20% fee per product for sellers, and these costs are passed onto the consumers.
Furthermore, payouts could span from days to weeks, impeding operations, and opening up sellers to the credit risk of the platform.
Safex’s business model creates a user-oriented experience, maximizing a seller’s profits by taking only an extremely competitive 5% fee and charging just $0.01 for a product listing.
on a privacy blockchain.
Imagine, instead of earning $80 on a $100 purchase, sellers will earn up to $95 when they use Safex. As a small business, an additional $15 on every product could mean everything.
As a seller, you will enjoy a boost in efficiency.
There is absolutely no wait time nor downtime between the moment customers press purchase and money flowing into your account. Allowing sellers to quickly obtain revenue to refill their inventory and keep up with demands means operating at maximum capacity.
It is infuriating to see consumers being pulled away from your product to something else that is similar – but perhaps a bit cheaper.
Sellers on Amazon are experiencing and these kinds of losses – and as a business model, it is not sustainable. Small to medium businesses can’t deal with these kinds of barriers, as they impede competition and slowly turn the marketplace into an oligopoly-esque platform.
Sellers and buyers on Safex will retain autonomy on what they buy and sell, creating a fair platform for all to use!
Privacy is Worth Thinking About
In today’s world, the idea that anyone has any rights online is absurd. Corporations collect your data in a highly intrusive manner that likely values the data more than the customers.
Safex ensures none of your personal information will be collected or recorded – so that you know that your rights are being respected.
The business model revolves around the inter-trade among transactions being made in the marketplace. Safex mining and Xcalibra trading fees make the system profitable, NOT consumers data.
Consumers will only have to show their shipping addresses to the seller after making a purchase, giving control back to the users. Privacy on Safex is key, allowing consumers to choose whether or not they want their name to be shown to other people on the platform.
As the marketplace is decentralized, once again, privacy is the utmost concern of Safex.
Information is inaccessible to any party, even the development team can’t access personal information!
By eliminating all the chances of a data breach, Safex is living up to its reputation of being safe and reliable – and making sure that eCommerce grows into a better way for people to use the internet.
A Strong Community
Safex has an active marketplace, but it also possesses a large community that actively discusses important topics on the Safex forum. The forum assists beginners on all the “how-to” ideas regarding Safex and is also a way for updates and patches to be disseminated.
Furthermore, the team communicates with the general public through Safex’s and Dabek’s twitter accounts, keeping everyone up to date on the latest development from the company. The public can also contact Safex via a range of channels, in case direct connections are needed.
Consider The Advantages of Safex
Safex is the bridge that connects people from around the world with complete privacy and – and allows eCommerce to grow in a way that puts people first.
Here are some of the great parts of the platform:
- Offers total privacy-based eCommerce for both buyers and sellers
- Native token allows both crypto and fiat currencies to be used
- Dedicated team that puts privacy first
- Well funded and ready to take eCommerce to the next level
- Low fees that allow smaller stores and sellers to be competitive
If you want to learn more about what Safex and Xcalibra are doing to make next-generation crypto eCommerce a reality – just click right here.
To learn more about what sets Xcalibra apart from other exchanges – please click here to visit its website!
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OhNoCryptocurrency via https://www.ohnocrypto.com/ @Nicholas Say, @Khareem Sudlow