SafePal (SFP)

In the world of cryptocurrencies, there are always hidden dangers of many problems that cause insecurity about storage. Therefore, keeping cryptocurrencies safe is always a top priority for everyone. There is a suggestion for you if you are having a headache about this problem, which is Safepal by Binance. SafePal is one of the rare e-wallet projects invested by Binance Labs and participated in fundraising on Binance Launchpad.

What is SafePal?

SafePal is a multi-chain and non-custodial cryptocurrency wallet founded in 2018. It is also the first hardware wallet invested in and supported by Binance. SafePal's goal is to provide a secure and user-friendly crypto asset management platform.

SafePal currently supports users to store 10,000 cryptocurrencies and NFTs of 23 different blockchain platforms. SafePal is serving more than 3 million users in 196 countries globally.

Outstanding Features

What is the project trying to achieve?

Safepal was born with the aim of building an ecosystem around their wallet product, and providing a better user experience when using cold wallets to store cryptocurrencies.

Safepal is built on four basic elements:

• SafePal Wallet: SafePal provides participants with an uncustodial (non-custodian) wallet solution that is safe, secure, diversified and user-friendly.
• SafePal Wealth: Through SafePal wallet, users can manage, buy, sell, trade, swap (swap) crypto assets and access various Dapps easily,.
• SFP Token: The official token of the entire SafePal ecosystem. Users own SFP to participate in many activities, products and services that SafePal provides. SFP is also a tool to support and empower the community to participate in governance and contribute to the development of the project.
• Ecosystem: Partners, developers and the community will be the ones to build the SafePal ecosystem.

What is unique selling point?

Features of SafePal

• High Security: Security is the most important factor for any crypto wallet. SafePal's cold wallet uses the most advanced technologies to protect users' assets such as an air-gapped signing mechanism, self-destruct mechanism, and private key deletion.
• 100% offline: SafePal allows users to use even without the Internet, Bluetooth, or NFC. The hardware wallet and the application will communicate with each other via an encrypted QR code with each user's unique password.
• User-friendly, easy to use: Ease of use is an important factor to attract users to promote the development and adoption of cryptocurrencies. SafePal provides an easy and great way to invest and store experiences for all types of users.
• The finished product: Users will not have to move their assets and security keys to another application or platform to participate in the various DeFi events, tasks, and projects that SafePal offers. All integrated and used on a single application.

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