FreeU Demo Token Launch Announcement

Dear SAFEX Users,

We are excited to announce the official launch of FreeU (Free USDT), a brand-new virtual simulation token on SAFEX! FreeU is an innovative product designed to provide users with a simulated trading experience, allowing beginners to familiarize themselves with trading rules at zero cost while offering trading enthusiasts a risk-free practice environment. (Current Version: APP v4.7.0)

What is FreeU?

FreeU (Free USDT) is a virtual simulation token introduced by SAFEX that supports simulated trading and can be exchanged for real USDT assets. It is specifically designed for users to experience trading in a simulated environment. FreeU cannot be transferred between accounts or withdrawn; it can only be used for trading within simulation pairs. In these pairs, FreeU is the quoted asset, with 1 FreeU = 1 USDT, and the mark price of the base asset is consistent with market conditions.

Key Features of FreeU

Simulated Trading Function

• FreeU can be used for trading within simulation pairs, helping users get familiar with SAFEX’s trading products.

• Initially supports BTCFreeU and ETHFreeU perpetual contracts, offering an identical trading experience to BTCUSDT and ETHUSDT, allowing beginners to practice contract trading at zero cost.

Exchange Mechanism

• FreeU can be exchanged for real USDT at a specific rate, with the initial exchange rate set at 10,000 FreeU = 1 USDT.

• The exchange is a one-way process—users can convert FreeU to USDT, but USDT cannot be converted back into FreeU.

• Please refer to the exchange page for the minimum exchange amount.

Usage Restrictions

• FreeU does not count toward users’ total assets and is strictly for simulated contract trading.

• Cannot be transferred between accounts or withdrawn.

New User Benefits

• Upon registration, new users can instantly receive FreeU on the app’s homepage to experience SAFEX’s trading products.

Use Cases for FreeU

• Beginner Training: New users can use FreeU to conduct simulated trades, familiarize themselves with platform operations, and understand trading rules.

• Trading Practice: Users can refine their trading strategies with FreeU in simulation pairs, without risking real funds.

• Reward Exchange: Earn FreeU through participating in activities or completing tasks. Once the required amount is reached, it can be exchanged for real USDT.

How to Exchange FreeU?

1. Go to the "Funds Management" section of your SAFEX account.

2. Select the "FreeU Exchange" feature and enter the exchange amount .

3. Confirm the exchange, and the converted USDT will be credited to your funds account.

4. Exchange records can be viewed under "Airdrop Distribution Records" in the funds account history.

Important Notes

• FreeU can only be used for simulated trading and cannot be used for real transactions or other purposes.

• USDT exchange requires meeting the minimum exchange threshold; exchanges below this limit will not be processed.

• SAFEX reserves the right to final interpretation of the FreeU rules and exchange mechanism and may adjust them based on actual circumstances.

Conclusion

FreeU is an innovative feature introduced by SAFEX to reduce the learning curve for beginners while providing trading enthusiasts with a risk-free environment to refine their skills. With FreeU, users can seamlessly experience SAFEX trading products, accumulate experience, and gradually grow into skilled traders. In the future, SAFEX will continue to enhance the value of FreeU, making it more than just a simulation trading tool—it holds great potential and diverse future applications.

As a risk-free simulated trading platform, FreeU not only helps users understand market dynamics and improve trading skills but also has the potential to evolve into a comprehensive system for education, rewards, and interactive experiences. By bridging the gap between simulated and real trading, offering diverse trading pairs and market exposure, implementing rewarding incentive mechanisms, and innovating its exchange model, FreeU provides users with a well-rounded learning and growth opportunity within the SAFEX ecosystem—helping them achieve greater progress and profitability.

Register on SAFEX now and claim your FreeU to start your trading journey! (Updated to APP v4.7.0)

SAFEX Team March 10, 2025