SafePal

What is SafePal?

SafePal Token or SFP is utility token SafePal ecosystem support.

SFP has more than one use case, but its key feature is exclusive access to discounts in the SafePal ecosystem. In addition to discounts, SFP holders receive unique rewards such as affiliate giveaways or increased staking rewards.

In addition, SFP serves governance token. This means that SFP holders can vote on proposals for a future project and even make their own. One SFP token equals one vote.

This BEP-20 a token deployed on the BNB smart chain.

Anyone can purchase SFP through the major supported exchanges. You can find our list of recommended exchanges in the section above.

The maximum supply of SFP tokens is 500,000,000, making the offer deflationary. This could mean that as SafePal tokens become scarcer, the price of SFP will rise.

SFP was distributed as follows:

• 20% – Stock reserve;
• 20% – Core team;
• 15% – Product and marketing;
• 15% – Community and Airdrop;
• 10% – Public sale;
• 9% – Strategic sale;
• 5% – Ecosystem;
• 4% – Private sale;
• 2% – Sale of seeds.

SFP was launched in early 2021, that is, approximately 3 years after the launch of the SafePal project itself.

As with most cryptocurrencies, the price of SFP tends to fluctuate. To keep up with these price changes, look at the chart above.

What are the main features of SafePal?

SafePal is a cryptocurrency governance ecosystem.

One of the main goals of the project is make your way into the world of cryptocurrencies easierand as a consequence, accelerate the mass adoption of cryptocurrencies. It aims to achieve this goal by providing low-cost crypto wallets for digital assets.

Its main product is SafePal S1 coincidentally, this was the first product offered by SafePal. SafePal S1 is hardware crypto wallet – type cold storage for your digital assets. Simply put, it is a completely self-contained method of storing assets.

SafePal S1 supports over 45 blockchains, over 15,000 cryptocurrencies and every NFT the standard is there. It comes with various built-in mechanisms to ensure maximum security such as self-destructing system And EAL 5+ chip. It’s a sleek device that fits right in your pocket.

Users can purchase unique accessories for this wallet, such as a leather case or Cypher, a metal seeding board that is waterproof and fire-resistant.

Both software and hardware wallets are associated with SafePal app – cryptocurrency management system. It comes with SafePal GiftBox, an educational system that rewards users for learning.

SafePal also offers a software wallet as a web extension called SafePal Extension Wallet. It is available in Google Chrome, Firefox and Microsoft Edge.

Another important feature of the SafePal ecosystem includes SafePal WHO (offer for wallet holders) – a giveaway mechanism that allows SFP holders to access giveaways from SafePal’s environmental partners.

As discussed in the What is SafePal section, the native SFP token is being deployed on the BNB smart chain, which has also invested in the SafePal project. Interesting, SafePal S1 was the first hardware wallet supported by Binance..

Who developed SafePal?

The SafePal crypto project was launched early 2018. It is a blockchain company headquartered in Singapore. SafePal’s founding team consists of professionals with many years of experience in the crypto industry. Although SafePal’s head office is located in Singapore, SafePal employees come from all over the world.

SafePal has signed partnerships with major players in the crypto space such as PancakeSwap, ApolloX, Uniswap, Compound, Avalanche and many more.

If you are interested in purchasing this token, be sure to monitor the SafePal price before making any purchasing decisions. The chart above will give you a better look at SFP price trends, which in turn will help you stay informed.