What is SafePal (SFP)

I. Project Introduction

1. What Is SafePal?

SafePal is a cryptocurrency wallet launched in 2018, designed to help users securely manage and grow their digital assets. SafePal provides users with both hardware and software wallets, allowing them to uniformly manage all assets through the SafePal App.

2. How Does SafePal Work?

In 2018, SafePal started with hardware wallets and has gradually developed a full suite of wallet solutions over the years. Its core products include:

1) SafePal App: An application used to manage both SafePal hardware and software wallets. Users can manage over 10,000 cryptocurrencies, including Bitcoin and Ethereum, to boost their crypto asset yields. The SafePal App allows users to buy and sell rare NFTs and explore DeFi through a convenient and secure mobile app. Users can also purchase cryptocurrency using bank cards and safely send or receive tokens.

2) SafePal S1 Hardware Wallet: An offline wallet that supports over 30 blockchains, 10,000+ cryptocurrencies, and 15 languages. It adopts cold storage and air-gapped signing mechanisms, completely lacking Bluetooth, WiFi, NFC, or USB connection capabilities to fully guarantee asset security.

3) SafePal Cypher: A metal mnemonic phrase board that protects users' seed phrases from corrosion, salt water, fire, and water damage. The Cypher is waterproof, making it the perfect companion for crypto wallets, and features shatterproof, high-impact resistance characteristics.

3. Who Founded SafePal?

Veronica Wong: Co-founder and CEO of SafePal. She was previously a Senior Product Manager at Tencent. She graduated from Guangdong University of Foreign Studies.

Dada Cheung: Head of Partnerships at SafePal. Previously held positions including Head of Operations at TechTemple and Global Project Director at BitTemp.

Funding Details: According to public information, SafePal received incubation and financial support from Binance in December 2018. Additionally, it completed a $5 million Public Sale funding round on February 8, 2021.

4. SafePal Tokenomics

The total supply of the $SFP token is 500 million, with the allocation distributed as follows:

Foundation Reserve: 20%

Team: 20%

Community & Airdrop: 15%

Product & Marketing: 15%

Seed Round: 2%

Public Round: 10%

Private Round: 4%

Strategic Round: 9%

Ecosystem: 5%

Token Utility: SFP is a utility token issued on the BNB Chain and Ethereum, designed to power the SafePal ecosystem and govern the community. Core use cases: Users can use SFP to enjoy fees and discounts on SafePal products and services, asset management features, exclusive rewards, ecosystem benefits, and more.

5. Timeline of Key Milestones

January 2018: SafePal is officially established.

October 2018: Receives strategic investment from Binance Labs.

May 2019: The SafePal S1 hardware wallet officially goes on sale.

May 2020: The SafePal software wallet is officially launched.

February 2021: $SFP becomes a premier Binance Launchpad project.

February 2026: SafePal launches a $3 million Solana Ecosystem Growth Plan.

March 2026: SafePal integrates Polymarket, introducing a native prediction market feature.

II. Token Information

III. Related Links