Users pay Safecoin to the Network and receive credit to their PUT balance. These Safecoins are “recycled,” meaning they don’t transfer to anyone. Instead, the Network reverts the coin back to unowned where it can be farmed again.
Can we have a core feature where users can recycle Safecoin back into the Network? They are literally donating Safecoin to the SAFE Network.
Why would anyone donate Safecoin to the SAFE Network?
- Unbiased Global Charity for the SAFE economy.
- APP Devs can use this feature similar to a “proof of burn” except the coin also replenishes the Network farming pool.
- Voting / Reputation systems.
This post presents other use cases.
Safecoin Recycle Request works just like the Basic Walletmark. Both are neutral tools with no objective until the APP makes use of them.