SafePal (SFP)
SafePal is a comprehensive suite of crypto wallet solutions offering hardware, mobile apps, and browser extensions designed for secure cryptocurrency storage, management, and transactions. It integrates features such as staking, swapping, and trading in a non-custodial framework, ensuring users maintain control over their assets. The company was founded by Veronica Wong, who serves as its CEO.
Overview of SafePal
Established in 2018, SafePal provides access to over 100 blockchains and their tokens. It includes features like SafePal Earn for yield aggregation and SafePal Lite for a seamless user experience without a separate hardware device. Supported by industry leaders such as Binance Labs, Animoca Brands, and SuperScrypt, SafePal ensures users have a secure platform for managing their digital assets.
| Ticker | SFP |
| Category | BNB Chain Ecosystem |
| Website | https://www.safepal.com/ |
| @iSafePal | |
| Telegram | SafePalwallet |
| Contract Addresses | |
|---|---|
| ethereum | 0x12...34 Copied! |
| binance-smart-chain | 0xd4...fbCopied! |
| energi | 0x12...feCopied! |
SafePal wallets
S1 hardware
The SafePal S1, the company's flagship wallet, is equipped with multiple security layers and an intuitive interface for securely managing cryptocurrencies. It is portable, affordable, and approximately the size of a money clip, featuring a screen and D-pad for navigation. The wallet includes a camera for scanning QR codes during transactions and maintains offline security by eliminating almost all internet connections. Users can pair it with a mobile app through QR codes to exchange information. Key security features include a PIN code, the option of a 12-word or 24-word seed, and a Passphrase for creating hidden wallets.
S1 Pro
The S1 Pro offers enhancements over the S1, including an aluminum alloy body, a tempered glass panel for screen durability, and a built-in 500mAh battery for extended use. It retains key features like offline functionality and an anti-tamper, self-erasing mechanism. The S1 Pro improves user experience with a centrally positioned camera and a textured exterior for better comfort and usability.
X1 hardware
The X1 is SafePal's first open-source Bluetooth wallet, maintaining features from the S1 line, such as the self-erasing mechanism and secure element chip. It has undergone an audit by Keylabs, and its key code is available on GitHub for transparency. The X1 enhances usability with high-speed Bluetooth connectivity, a 12-button D-pad, and a larger screen, while remaining compact and portable.
SafePal Lite
SafePal Lite allows users to manage crypto funds without a separate hardware device. Users can create a wallet in the App and switch between software and hardware wallets. It supports wallet import through private key, mnemonic phrase, and Keystore, and includes an observation mode for monitoring public addresses. SafePal Lite supports 19 blockchains and over 10,000 tokens, ensuring easy management and security of digital assets.
Features of SafePal
SafePal Earn
SafePal Earn is a yield aggregator within the SafePal App, enabling users to stake crypto assets into DeFi mining pools and earn passive interest directly. It initially supports popular pools from PancakeSwap and ApeSwap and plans to integrate more blockchains and protocols. SafePal Earn evaluates DeFi protocols before inclusion, using an auto-compound strategy to maximize APY.
SafePal GiftBox
GiftBox is a feature in the SafePal Wallet App that introduces users to new crypto projects. By completing tasks and quizzes, users can earn tokens or NFTs. This feature provides a secure platform for projects to reward and educate the community. It enhances user engagement by offering a user-friendly entry into blockchain ecosystems.
Visa cards
On March 7, 2024, SafePal announced a strategic investment in Swiss bank Fiat24 and introduced a virtual crypto Visa card. This initiative aimed to integrate cryptocurrency with real-world applications. Users could convert their coin holdings into USDC and store them in USD, EUR, and CHF. The Visa card was initially available in selected European regions and later expanded.
SFP token
The SFP token is a utility token within the SafePal ecosystem, issued on the Binance Smart Chain. It offers value through discounts on SafePal products and services, special coupons, and rewards like token airdrops and staking rewards. SFP holders can also participate in community governance.
Tokenomics
SFP has a total supply of 500 million with the following allocation:
- Foundation Reserve: 20%
- Team: 20%
- Community & Airdrop: 15%
- Product Marketing: 15%
- Strategic Investor: 15%
- Public Sale: 10%
- Partnership & Ecosystem: 5%
Partnerships
SafePal has established partnerships with various organizations, including Avalanche, Injective, Harmony, Binance, Binance Labs, Animoca, Nervos, Simplex, 1INCH, PancakeSwap, ApolloX, Perpetual Protocol, Uniswap, and Compound.
Integrations
SafePal integrates with platforms such as Binance Connect, MoonPay, Kryptos, and deBridge.
Supported assets
SafePal supports a wide range of assets, including LTC, BCH, DASH, Aptos, Flare, SPACE ID, Osmosis, Klaytn, Sui, Telos, TON, Polygon zkEVM, Caduceus, Mantle, Core, Rootstock, opBNB, BounceBit, AirDAO, and MultiversX.