Safe Exchange Coin (SAFEX) - Thought Blog

These are my thoughts about SAFEX. I came across Safe Exchange Coin on bittrex.com today.
So i did some research, to the best of my ability.

It is currently trading around 535 satoshi's per coin on bittrex as of 8/9/2017 @ 7pm-ish.

What is Safe Exchange Coin aka SAFEX?

Well, from what i have gathered it is a Descentralized Anonymous Marketplace.

It is supposed to be like ebay and alpha bay combined. A marketplace that exchanges goods and services for cryptocurrency.

BUT WAIT?
Alpha Bay was shut down for doing this. Yes, they were hosting a website for illegal activities.

So i am assuming that SAFEX will not be letting illegal things be sold on their market place. But then there would have to be people working to make sure these things were not posted. Unless it runs only based on people flagging or certain "whales" having to operate that.

Sorry, i am writing this as i am thinking it.

What if i bought an iphone over SAFEX's platform from someone body, i paid $150 safex or btc or whatever the currency will be. Then i get the iphone and it does not work or there is a reason to have to return it? How does this work? It is anonymous, right? And if its decentralized then who mediates between buyer and seller?

I have found out that SAFEX's marketplace will be called Chille. And if you own and hold SAFEX coins you will be paid dividens.

Thoughts and questions running thru my mind.
Does anyone want to chime in? Have a conversation?

Here are some links to SAFEX Information so you can check it out.

• safex.io : website
• safe.exchange : forum

I bought a small amount and sold shortly after just to get a taste :P tho i do almost want to buy a good chuck like 10,000. Just to hold incase.