What is SafePal (SFP)? Project overview and SFP token

• Overview of SafePal
• What is SafePal (SFP)?
• The core elements that make up SafePal
• Features of SafePal
• SafePal's products
• SafePal project development roadmap
• Project development team, investors and partners of SafePal
• Overview of the SFP . token
• Basic information about SFP . token
• SFP . Token Allocation
• SFP . token release schedule
• Where are SFP tokens bought, sold and stored?
• summary

Overview of SafePal

What is SafePal (SFP)?

SafePal is a multi-chain and non-custodial cryptocurrency wallet founded in 2018. It is also the first hardware wallet invested and supported by Binance. SafePal's goal is to provide a secure and user-friendly crypto asset management platform.

SafePal currently supports users to store 10,000 cryptocurrencies and NFTs of 23 different blockchain platforms. SafePal is serving more than 3 million users in 196 countries globally.

The core elements that make up SafePal

• SafePal Wallet : SafePal provides participants with a non-custodian, safe, secure, diversified and user-friendly wallet solution.
• SafePal Wealth : Through SafePal wallet, users can manage, buy, sell, trade, swap (swap) crypto assets and access various Dapps easily,.
• SFP Token : The official token of the entire SafePal ecosystem. Users own SFP to participate in many activities, products and services that SafePal provides. SFP is also a tool to support and empower the community to participate in governance and contribute to the development of the project.
• Ecosystem : Partners, developers and the community will be the ones to build the SafePal ecosystem.

Features of SafePal

• High Security : Security is the most important factor for any crypto wallet. SafePal's cold wallet uses the most advanced technologies to protect users' assets such as air-gapped signing mechanism, self-destruct mechanism and private key deletion.
• 100% offline : SafePal allows users to use it even without the Internet, Bluetooth, NFC. The hardware wallet and the application will communicate with each other via an encrypted QR code with each user's unique password.
• User-friendly, easy to use : Ease of use is an important factor to attract users thereby driving the development and adoption of cryptocurrencies. SafePal provides the easiest and most amazing investment and hosting experience for all types of users.
• The finished product : Users will not have to move their assets and security keys to another application or platform to participate in the various DeFi events, tasks, projects that SafePal offers. All integrated and used on a single application.

SafePal's products

SafePal S1 Hardware Wallet

SafePal S1 Hardware Wallet is a 100% offline and decentralized cold wallet powered by SafePal. SafePal S1 Hardware Wallet is the main product of the project. It applies many advanced security technologies such as EAL5+ chip, air-gapped signing mechanism and self-destruct mechanism to protect users' private keys from attacks. Users can connect this cold wallet to the mobile app via QR code. SafePal S1 Hardware Wallet currently supports 21 coins and over 15,000 different tokens and NFTs.

SafePal Cypher

SafePal Cypher is a 304 stainless steel panel to protect security phrases. This product can resist water, corrosion, fire with temperature up to 1398℃.

SafePal Leather Case

The SafePal holster is an accessory of the SafePal wallet that protects the SafePal S1 hardware wallet from scratches and impacts.

SafePal App

The SafePal App is a user-friendly mobile application that helps them manage SafePal hardware and software wallets. The SafePal app is built with many powerful features, essential for every cryptocurrency investor, such as buying, selling, swapping, trading and accessing Dapps of various blockchain platforms. The app is currently available on both the App Store and Google Play.

SafePal project development roadmap

Established in 2018, SafePal has basically achieved all the previous goals and development roadmaps of the project. In the future, the project will continue to upgrade, develop products, support more features and new blockchain platforms to improve user experience.

Project development team, investors and partners of SafePal

Project development team

Members have diverse backgrounds and extensive experience in hardware, software, user interface design and network security.

SafePal was established in January 2018. SafePal's development team consists of members with extensive experience in many different fields such as hardware, software, interface design, network security, security... However, the true identities of the members of its development team have not been released by SafePal.

Investors

Currently, only Binance is an investor of SafePal.

Partner

SafePal currently has partnerships with many large investment funds and projects in the cryptocurrency market such as Animoca Brands, Ripple, Binance, Polkadot…

Overview of the SFP . token

SFP is SafePal's utility token issued on the BNB Chain platform. SFP powers the entire SafePal ecosystem as well as empowers project governance to the community.

SFP tokens will be used to:

• Pay fees and discounts : Users can use SFP card to pay or receive discounts when purchasing SafePal products and services
• Staking : SafePal users can stake their SFP into SafePal Earn programs to receive many valuable rewards
• Rewards and Incentives : By owning SFP, users can get many coupons from SafePal and project partners. In addition, users who own SFP can participate in many airdrop events to receive new tokens, NFTs, etc.
• Governance : SFP holders have the ability to make suggestions and vote for treasury use or new features on SafePal products.
• Treasury : Every quarter, a certain percentage of SafePal's profits will be used to buy back SFPs and then deposited in the treasury for management, community development and storage.

Basic information about SFP . token

• Token Name: SafePal Token
• Ticker: SFP
• Blockchain: BNB Chain
• Token Standard: BEP-20
• Token Type: Utility
• Contract: 0xd41fdb…1ba5dfb
• Circulating Supply: 108,166,667 SFP
• Total Supply: 500,000,000 SFP

SFP . Token Allocation

• Seed Sale: 2%
• Private Sale: 4%
• Strategic Sales: 9%
• Binance Launchpad Sale: 10%
• Foundation Reserve: 20%
• Team: 20%
• Community: 10%
• Airdrop: 5%
• Product and Marketing: 15%
• Partners and ecosystem: 5%

SFP . token release schedule

You can follow the SFP token distribution roadmap according to the graph below.

Where are SFP tokens bought, sold and stored?

Currently, SFP is being listed and supported for trading on many major cryptocurrency exchanges such as Binance, PancakeSwap, Gate.io, MEXC, LBank...

SFP is a token issued under the BEP-20 standard. Therefore, you can easily store SFP on e-wallets that support this standard such as SafePal, Binance Wallet, Trust Wallet, MetaMask, etc. Alternatively, you can also store SFP directly on the exchange, where you bought the SFP.

summary

Above is the basic information about the SafePal project and the SFP token. SafePal wallet currently supports storing, trading, and exchanging many types of assets of different blockchain platforms. Especially when owning SFP tokens, users can receive many incentives, interest rates as well as participate in attractive programs and events organized by SafePal. Both SafePal's cold wallet and soft wallet can be managed and manipulated through a single mobile app. This makes SafePal one of the most widely used crypto wallet apps in the DeFi space with over 3 million users around the world.

For more details about the project, readers can view information at the media channels:

Twitter | Youtube | Discord | Website

• SafePal crypto wallet sets new user record after FTX crash