Binance adds tokens BNB, BUSD, and BTC over US$1 billion to SAFU Fund



Binance retrieves confidence from all of Binance’s traders by adding tokens including BNB, BUSD, and BTC into an emergency insurance fund (SAFU) making the value of the SAFU fund based on the beginning price at US$1 billion again. It related to adapting fluctuations in the market price a few days ago.

ref. CZ 🔶 Binance (@cz_binance) / Twitter 

Basically, Secure Asset Fund for Users (SAFU) was established by Binance in July 2018. This fund is to guarantee all crypto investors on Binance blockchain have confidence as the protecting standard they call this fund the “Secure Asset Fund for Users” (SAFU)      

Since Binance’s foundation had charged by 10% of income fee as purchases on their crypto trading website in order to increase funds for SAFU as digital tokens including BTC, BNB, and BUSD. Therefore, the value of USD tokens may convert depending on fluctuations in these currencies.

The Secure Asset Fund for Users or (SAFU)

“Funds are safe”

According to this CZ's phrase "Funds are safe" made users ensure that their funds won't lose and be still safe in this market volatility situation. 

Source links:   Binance Academy // Funds Are Safu - YouTube