Today we will continue to talk in order of market value. The growth of this project in the past month has also been good, from a low of 0.4 to 0.6, which is also a 50% increase. It is SFP, which is a wallet token with a current market value of 300 million US dollars. Ranked 100+, you must know that you are just a wallet. Why is the market value of a coin so high? Let’s take a look today.
Introduction
SafePal is a cryptocurrency wallet launched in 2018 to help users protect and grow their digital assets. SafePal offers both hardware and software wallets, all paired and managed through the SafePal App, and is the first hardware wallet invested and supported by Binance.
SafePal wallet supports many popular crypto assets, in addition to Ethereum, popular tokens on Binance Smart Chain (BSC) and Tron blockchain. According to SafePal, users can store, manage, exchange, trade and grow their portfolios without compromising the security of their assets.
Since its launch in 2018, SafePal has grown exponentially and has more than 3 million users in 196 countries around the world.
SafePal supports 20 blockchains, including Binance Chain and Binance Smart Chain (BSC), and more than 10,000 tokens and NFT assets.
product
1.App
2. Browser extensions
3.SafePal S1 Hardware Wallet
Built-in industry-leading security architecture, including EAL5+ security chip, true random number generation
device, self-destruct mechanism, etc.
• Adopts QR code scanning communication protocol, no Bluetooth, no NFC, no WiFi
• One-click binding and management through SafePal App, convenient at your fingertips
• Supports 20 public chains, tens of thousands of Tokens and all types of NFT assets
• Best value for money in the industry, only $39.99
1.SafePal Transaction
20SafePal’s trading function integrates the world’s top Binance spot trading engine, which can provide users with a powerful and smooth spot trading experience. Everything is done at the fingertips. It is one of SafePal’s most popular product features.
2.SafePal financial management
21SafePal Earn is a financial aggregator of encrypted digital assets, providing the highest quality financial projects on the market, whether from DeFi or CeFi. Users can browse, search and select projects with different annualized returns in SafePal based on their personal risk preferences.
SafePal Earn will be officially launched in the first quarter of 2021. In the future, SFP holders can participate in the SafePal financial management project and enjoy additional benefits by staking SFP.
SFP is a utility token issued on the BNB chain¹ and Ethereum² to power the SafePal ecosystem and govern the community. Its total supply is 500 million. 300 million of the total supply is on the BNB chain, and the remaining 200 million are on Ethereum. On February 8, 2021, SFP was launched on Binance Launchpad as Binance’s first IEO project in 2021. As of October 2022, SFP is listed on more than 20 CEX and DEX, including Binance, PancakeSwap, Kucoin, Bybit, Bitget, MEXC, Gate. io, Biswap and more. SFP is also available for payment and checkout on the SafePal website and Binance payment platform.
Fees and discounts
SFP holders can enjoy discounts on products and services on the SafePal platform, including but not limited to: 24• Purchase discounts on SafePal hardware wallets and accessories
• In-app instant redemption and transaction fee discounts
• Submission fee discounts for the SafePal Token codebase
• Discount on delivery fees for in-app advertising banners
• Discount on DApp top ranking fees in DApp Store
• Discounts on customized hardware wallet solutions
• Discounts related to future integrated products and services (e.g. NFT marketplace)
Staking staking incentives
SafePal users can stake SFP and enjoy additional benefits from the SafePal Earn financial management project.
Candy and privileges
SFP holders can enjoy the following privileges:
• Exclusive coupons or VIP privileges from SafePal and its ecosystem partners
• Participate in VIP marketing activities launched by SafePal platform
• Receive limited edition NFTs issued by SafePal and its ecological partners
community governance
SFP holders can initiate proposals and vote on the use of funds to repurchase tokens and support for SafePal’s new product features. 26• The proposer must hold at least 500,000 SFP tokens
• The total number of votes for the proposal must account for 4% of the current SFP circulation
• 1 $SFP = 1 vote
• Requires at least 51% of votes to pass
• Voting duration is at least 5 days
Treasury
Every quarter, SafePal will invest a certain proportion of its net profits to repurchase SFP tokens and deposit them into the Treasury for community governance purposes. The specific proportion will be announced in the next white paper update.
ecological development
SFP will be used as a driving factor for the SafePal open platform to encourage developers to participate in the co-construction and development of the SafePal open platform. On the SafePal open platform, developers will be able to:
27• Integrate SafePal’s unique QR code communication protocol into third-party systems (such as DApps, wallets, etc.) to easily integrate SafePal’s existing secure and easy-to-use hardware wallet solutions
• Develop customized applications based on SafePal hardware architecture and use the hardware for richer usage scenarios, such as F2U authentication and authorization.
Token distribution
The maximum supply is 500,000,000 SFP, which has been fully unlocked. The current currency price is around 0.6 US dollars, and the peak price was 10 US dollars (in 2021). The crowdfunding price is 0.1 US dollars, so this has also dropped a lot. Team 20% + Foundation 20% + Product Market 15% = 55%, the team’s currency holding ratio is too high.
In conclusion, this is a wallet series product, and because it filled many vacancies in the Binance exchange, it was acquired by Binance. It is also an APP that integrates wallets and transactions. At that time, Binance retired When traveling out of China, it can make up for the Chinese people using Binance within the country, so it can also be regarded as a kind of insurance for Binance. The wallet is also an indispensable component for currency players. In terms of wallet experience, it should also be a good one. As for its ghostwriting products, it is at least the leader in the wallet field. Although there is still a Little Fox wallet that has not issued coins, Little Fox will definitely issue coins because many tool applications have been developed and released, such as arkm some time ago. wait. Let’s explain the purchase of its tokens on the planet.