Cryptocurrency and project overview, SFP distribution on Binance Launchpad

SafePal Is a cryptocurrency wallet that combines a hardware device and a software platform for managing cryptoassets. Supports work with twenty blockchains and more than 10 thousand different currencies and tokens. Provides the ability to interact with decentralized applications.

The ecosystem includes a large number of partners, developers and community members who take part in development. 02/08/2021 at 16:00 (Moscow time) Binance exchange (binance.com) listed SafePal (SFP) and opened trading in SFP / BTC, SFP / USDT, SFP / BUSD pairs.

SFP – utility wallet token, BEP-20 standard. Serves to receive discounts on SafePal commissions and products (in particular, hardware wallets), earnings on the SafePal Earn passive income program, participate in exclusive campaigns and collect collectibles from partners, and finally, decentralized protocol management.

On February 2, 2021, the distribution of SFP tokens on Binance Launchpad under a new subscription format starts. The Profinvestment.com editors reviewed the SafePal wallet and its token so that you can assess its prospects.

Introducing the @iSafePal $SFP Token Sale With a New #Binance Launchpad Subscription Format!

➡️ https://t.co/OBoCX23cSv pic.twitter.com/BWoKF4jvWw

– Binance (@binance) February 1, 2021

SafePal APP

The content of the article

general information

Products offered by SafePal

The company was established in 2018. All currently existing products can be divided into two categories – hardware (physical) and software.

SafePal S1

SafePal S1 hardware wallet, created using modern security systems, including EAL5 + chip, TRNG, self-destruct mechanism. SafePal compatible. Supports 20 blockchains, 10,000+ tokens and all NFT standards. Built-in isolated signing mechanism. Estimated price $ 39.99.

SafePal Cypher Metallic Seed Board

Plaque to keep your seed from your wallet. Made of 304 stainless steel, it is highly durable – not afraid of heating up to 1398 ℃, does not rust, is not affected by water. Estimated price $ 39.99.

SafePal leather case

Suitable for storing a hardware wallet. Made of high quality PU leather. Lightweight and compact, it protects the device well from mechanical damage and moisture. It can also be used for storing maps. Estimated price $ 9.90.

SafePal App

SafePal App decentralized wallet, when created, the user receives a mnemonic phrase and can subsequently restore access using a mnemonic phrase or private key. Built-in security measures – password, passphrase, unlock pattern or fingerprint. Simple intuitive interface even for novice users.

The app allows you to manage your software wallet, hardware wallet and merchant account in one app. It is possible to buy cryptocurrency in ways such as credit card, bank account, iDEAL, Giropay, Sofortbanking Swap / Exchange Swap, Bancontact, EPS. It is also possible to instantly exchange one cryptocurrency for another. It supports work with decentralized applications on all available blockchains, there is a DeFi aggregator and CeFi Dapps.

SafePal Swap

It is an AMM (Automated Protocol for Market Creation) that allows participants to quickly exchange tokens no matter what blockchains they are running on. Examples of supported blockchains are Ethereum, Bitcoin, Binance Smart Chain. Currency exchange rates are adjusted automatically based on market conditions.

SafePal Trade

SafePal trading platform integrates with the Binance spot market. Thus, wallet users have instant access to order creation directly from the application.

SafePal Earn (to be launched in 2021)

An aggregator that combines various passive earning programs from both DeFi and CeFi. Users can view and select programs with different annual rates and terms based on their personal attitude to risk. Going forward, SFP token holders who participate in SafePal Earn programs issued specifically by SafePal will receive additional revenue from each program.

SFP token: purpose and token sale of Binance Launchpad

SFP is the platform’s native utility token, which is BEP-20 compliant and designed for the following use cases:

• Discounts on commissions when trading on SafePal Swap, as well as discounts on purchasing a hardware wallet.
• Receiving staking rewards in the SafePal Earn program.
• Bonuses and airdrops. SFP holders can receive coupons, participate in exclusive sweepstakes and campaigns from partners or project creators.
• Participation in management. The community of holders can create proposals and vote on how funds from the budget will be allocated or what new features, blockchains and coins need to be implemented.

SFP Token Distribution:

SFP Release Schedule:

February 2, 2021 SafePal token sale has begun on a new subscription format to Binance Launchpad. The schedule is as follows:

• From 2 to 8 February, the system takes snapshots of users’ BNB balances.
• On February 8, from 07:00 to 11:00 Moscow time, all users who meet the requirements will be able to subscribe.
• On February 8, from 11:00 to 12:00 Moscow time, the calculation of the distribution of tokens begins, and the subscription option is closed.
• At 12:00 on February 8, the final settlement is due, as a result of which the corresponding amount of BNB will be debited from the already blocked amount of BNB users, and SFPs will be transferred to their spot wallets.

Features of the token sale on Binance Launchpad:

Conclusion

It is impossible to predict in advance whether SafePal will compete with such leaders as Ledger or Trezor, but chances are there. The project already has an impressive audience, the development of software and hardware solutions is actively continuing. The token sale on the Binance exchange will help attract additional interested users by spreading information about the project and providing the token with primary liquidity.