SAFU (Secure Asset Funds for Users) in TaalSwap

TAL Token

  • Ticker: TAL

  • Contract Addresses

  • SAFU Address : 0x7F6cd42E977228d3cCbd5E3925D0A816f41833D1

TaalSwap ensures the maximum asset security for users by deploying the protocol insurance called "TaalSAFU" along the lines of BSC's SAFU. In so doing, A portion of trading and platform fees will be collected and transferred to SAFU address to be used for reimbursement in the event of protocol exploits and loss of funds. Community proposal and voting will determine how the funds in SAFU address should be used when a SAFU-relevant event occurs.

TaalSAFU - Trading Fee

When you make a token swap (i.e., trade one token for another), you are liable for a 0.25% trading fee, which is broken down and used as follows:

  • 0.17% - a reward for liquidity providers

  • 0.03% - TaalSwap Treasury

  • 0.05% - SAFU address

0.05% of TAL allocated to SAFU address sure will serve as the mechanism that secures users' assets and enhances the scarcity of TAL, thus maintaining the value of TAL in favor of traders and liquidity providers.

TaalSAFU - Withdrawal Fee

When you withdraw your staked token from the pool you joined, a 2% of withdrawal fee is imposed on your reward and will be sent to SAFU address. This is another way of ensuring the security of TAL, thus keeping TAL economy in good shape. However, as users increase and liquidity pools grow, the deflationary pace incurred by TaalSAFU may outrun TaalSwap's minting pace. In that case, TaalSwap community governance can break in operation to adjust the deflationary pace and submit a new proposal to better the TaalSwap economy.

TaalSAFU - IDO Platform Fee

As described in TaalSwap IDO, a listed project for IDO is liable for a 2% of platform fee for its token sales, and the users who participated in voting can be rewarded a portion of 1% of the raised funds after the token sale success according to his/her TAL staking ratio. To be more specific, this platform fee is to be used as follows:

  • 1% - Voters

  • 0.5% - TaalSwap Treasury

  • 0.5% - SAFU address

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