SafePal/SFP#193 0

What is SafePal (SFP)?

SafePal is a cryptocurrency wallet platform with hardware, software, and browser extension wallets for securely controlling assets. Founded in 2018 by Veronica Wong and a team comprising engineers in the fields of security, data science, and hardware, the purpose was to offer a decentralized, user-friendly, secure solution for crypto management.

With SafePal being recognized as the first hardware wallet backed by Binance Labs, the wallet has since its launch grown very fast supporting over 100 blockchains and 10,000+ cryptocurrencies. The platform also enables the user to store, swap, trade, and grow their portfolio while maintaining total control over their private keys.

Over the past few years, SafePal has rolled out several wallet solutions like mobile wallets, browser extensions, and offline hardware wallets for both novice and highly proficient crypto users. Today, SafePal reaches over 3 million users in 196 countries, offering them a full-fledged and diversified asset management ecosystem for the decentralized economy. 

SafePal Products

SafePal has an assortment of products for different kinds of users:

1. SafePal S1 Hardware Wallet

• Completely air-gapped and offline – No Bluetooth set, No Wi-Fi set or NFC, reducing security risks.

• Light and mobile-friendly – This can be operated with the aid of the SafePal App.

• It supports 56+ blockchains and 15 languages for worldwide accessibility.

• Tamper-resistant security-encrypted QR code verification and self-destruction on tampering.

2. SafePal Software Wallet (Mobile App)

• On-chain decentralized, non-custodial wallet – never needs third-party services and users keep their private keys.

• Provides many import options, including mnemonic phrases, private keys, and keystore files.

• Access to DeFi, NFT and DApps in one app.

• Support for 100+ blockchains with staking, swapping, and portfolio tracking features.

3. SafePal Extension Wallet

• For desktop users, provides easy access to DeFi applications via browsers.

• It enables support of both EVM and non-EVM blockchains within the same interface.

• Can be linked with SafePal hardware or mobile for added security measures.

• One-click access integrated with MetaMask, Trust Wallet, Ledger, and more.

4. SafePal Asset Management Services

• Swap and Bridge: This feature connects both centralized (CEX) and decentralized exchanges (DEX) to provide cross-chain swaps.
• Track & trade: Market real-time tracking can be conducted, as well as trading can be done through Binance, MEXC, Bitget, 1inch, and many more.

• SafePal Earn: an in-built DeFi yield aggregator enabling staking along with passive income generation.

• Wallet Holder Offering (WHO) & Giftbox: providing investors with early access to upcoming Blockchain projects. 

What is SFP (SafePal) token?

The SafePal Token (SFP), the native utility token of the SafePal ecosystem, was launched in February 2021 as the first IEO project on Binance Launchpad. SFP is a BEP-20 token built on the BNB Chain, with a total supply of 500 million tokens.

The SFP is a governance token and serves to reduce transaction fees, mechanism token rewards acquired for staking, exchange for gas fees, and token listings within the SafePal ecosystem.