What problem does this service solve?

Safex wants to use blockchain to reduce costs and increase transparency in e-commerce.Storeum's technology and road map are not clear, and the project does not appear to solve any problems.

Token Stats

Company Description

Safex is developing a decentralized marketplace with an emphasis on privacy, anonymity, and a secure listings. The Safex ecosystem is powered by the SAFEX coin, which has a Proof-of-Work (PoW) consensus mechanism. The decentralized marketplace will require all listings to be curated by a centrally managed system that will be based on participants staking each listing.

The Storeum token is a digital currency that is designed to act as the medium of exchange for Storeum's decentralized marketplace. The project's marketing materials are unclear and the team behind it is not known. The STO token increased rapidly in price and market cap, shortly after its release in 2019.

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