Coinstore announces Safrochain (SAF) IEO surpasses fundraising target

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Jainam Mehta

17.07.2026

Coinstore announces Safrochain (SAF) IEO surpasses fundraising target — Coinstore completes Safrochain IEO launch

Coinstore announced the successful completion of the Safrochain (SAF) IEO on its Launchpad, with over 3,000 participants subscribing and more than 200,000 USDT committed, surpassing the fundraising target.

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Coinstore officially announced the completion of the Safrochain (SAF) Initial Exchange Offering (IEO), which ran from July 15 to July 17, 2026 as the 97th project on its Launchpad. According to the published information, the offering featured a fundraising target of 200,000 USDT, a subscription price of 0.015 USDT per SAF, no vesting period (all tokens distributed immediately after the IEO), and a user cap of 2,000 USDT per participant, with certain regional restrictions applied.

SAF, the mainnet token for Safrochain—a blockchain project focused on integrating African mobile money systems and built on the Cosmos SDK—will be listed for trading against USDT on July 20, 2026. The announcement also outlined standard requirements for KYC completion, fraud prevention measures, and regulatory disclaimers.

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How to participate

To participate in the Safrochain (SAF) IEO on Coinstore, ensure you are not from an excluded region and complete Coinstore's KYC verification. Fund your Spot account with USDT, then commit your desired amount (up to 2,000 USDT) during the subscription window. After the IEO ends, your purchased SAF tokens will be distributed to your Spot account and trading will be available at the specified time. To begin, users can register via the official sign-up link.

Coinstore is a cryptocurrency trading platform that supports over 50 digital assets, including Bitcoin, Ethereum, and Litecoin. It offers spot and futures trading, staking, and access to Initial Exchange Offerings (IEOs), with an interface designed for ease of use and a multi-layered system for client fund protection. More details can be found in the broker profile on Traders Union.

For more context, our earlier news highlighted Coinstore's launch of the 'Rank Rush' trading contest with a $10,000 USDT prize pool; you can read the details in the previous Coinstore update on Traders Union.

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