You are viewing a single comment's thread from:

RE: How Well Do You SPEAK CRYPTO? (Beginner Cryptionary M-Z)

in LeoFinance4 years ago

You missed one that is part of the crypto culture. It is "safu". A term that originated when Binance had to stop trading the cryptocurrency Syscoin because it had some crazy moves. One of the support staff told a customer that his funds are "Safu" instead of safe.

The CEO of binance, used that to his advantage and started joking when he saw it was going viral on Twitter. They then created the Secure Asset Fund for Users and the term has been used a lot since then. Look for the full story, you'll love it.

Sort:  

Thanks so much @danielvehe , this is an awesome contribution! Hahaha, typos becoming actual words is pretty funny. And huge props to the Binance CEO for leveraging it into something positive.

Both parts of this post are currently very close to Hive's character limit so I'm not sure if I can add any more terms, so for now I'll add it to the comments for anyone who's curious.

Safu ⭐

DefinitionExample
Essentially means ‘safe’ in the crypto world. Safu originated as a typo by Binance's CEO, when he tweeted saying ‘Funds are safu’ in July 2018. (See Also: HODL)“My exchange just put out a press release saying they've been hacked, and now I'm not sure if the funds I stored there are SAFU!”

Thanks so much again for stopping by, noticing that I missed a key word, and teaching me something new. You have made me feel so SAFU. 🤣🙏