Dear SafePal community,
SafePal is excited to announce the launch of a SFPlus reward pool with Oasis, a privacy focused Layer 1 blockchain, from Feb.18 – Feb.25 9 AM UTC, 2025. The reward pool will provide exclusive benefits for SFPlus stakers in the form of 28,000 $ROSE, the token powering Oasis Protocol.
$ROSE is a cryptocurrency that powers the Oasis Network, a layer one blockchain that aims to be privacy-preserving and scalable. Oasis enables fast transaction speeds and the creation of confidential smart contracts. The ROSE token is used to pay for transaction fees and for staking to validate on Oasis’s proof of stake blockchain.
Participants will be able to look forward to more reward pools with future partnerships and collaborations. To get started with SFPlus, simply download the SafePal App here and select the banner or SFPlus icon in the wallet section, followed by the $KARAT reward pool tab as shown below. Note that the SFPlus icon will only be visible if you have updated to SafePal App 4.7.7. and above.
Users can also learn about the other utilities of SFP below the $ROSE Reward Pool tab. Participants will earn a score based on the amount of SFP staked in SFPlus and the length of time staked.
Important: The score for participants will continue to accrue as long as the SFP remains staked in SFPlus, meaning that loyal participants will be able to increase their score over time and automatically participate in any subsequent reward pools that are launched in SFPlus.
Staking Rules
A base score and time-based score can be earned from staking SFP:
Base Score= 1-1 SFP amount staked (awarded immediately upon staking)
Time-based Score = 1%(of the base score) additional per day, up to maximum 100% bonus
Example: If a user stakes 100 SFP, a base score of 100 will be awarded, with an additional 1 point per day awarded for the time-based score up to a maximum of 100 additional points awarded in 100 days.
Note: The maximum score per wallet that can be achieved is 5000. There will also be a point reduction to the score whenever users unstake their SFP.
Interested participants can refer to the blog post here under the ‘What’s included in SFPlus section” to learn how the score will be calculated (subsequent reward pools will follow a similar structure):
Users who stake SFP will then be able to earn a share of airdrop rewards from the pool, which will be calculated on an hourly basis in proportion to the individual scores of respective wallets/participants over the total score.
The allocation will be displayed in the reward dashboard and updated in real time:
Hourly Reward Pool = Total Reward Pool ÷ Total Event Hours = 28,000 $ROSE ÷ 7 days = 28,000 $KARAT ÷ 168 hours ≈ 166.667 $ROSE
Percentage share of hourly reward pool = Individual User score ÷Total Score for all participants for that hour
$ROSE allocation earned for that hour = Percentage share (for respective participant) x Total hourly reward pool
For example, if the person staking SFP has a score of 5000 and the total score of all participants for that hour is 50000, the particular person will earn the following allocation for that hour:
5000 ÷ 50000 x 166.667 $ROSE = 166.667 $ROSE
After completion of the event, participants can see how to claim their rewards in the respective event tab, or access past events via the “Rewards History” tab.
Full Disclaimer
Activity Rules
SafePal reserves the right to disqualify participants that are deemed to be spammers or illegally bulk-registered accounts, as well as activities that display attributes of exploitation or market manipulation.
SafePal reserves the right to cancel or amend any activity or activity rules at our sole discretion.
Not Investment Advice
This activity does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you.
Cryptocurrency investment is subject to high market risks. Please invest cautiously. SafePal will not be responsible for any investment losses. SafePal will not be liable whatsoever for any direct or consequential loss arising from the participation of its activities.
Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Non-Endorsement
The appearance of a third party on SafePal and its activities does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal.
Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.
About SafePal:
Founded in 2018, SafePal is a next generation non-custodial crypto wallet suite backed by Animoca Brands, Binance and Superscrypt. The suite empowers access to decentralized and centralized finance on 100+ blockchains across its hardware, software, and browser extension wallet solutions.
Encompassing a diverse mix of crypto asset management solutions like cross-chain swapping, trading and yielding tools, centralized exchange (CEX) mini programs, a banking gateway and Visa card for users — SafePal serves over 20 million users globally across 200+ regions and countries in 16 languages.
SFP is a decentralized BEP-20 and ERC-20 token fuelling the SafePal ecosystem with various utilities such as discounts on SafePal products, staking boost and airdrop rewards, seamless conversion to gas tokens, and more.
Stay informed about SafePal here
About Oasis Network:
The Oasis Network is a privacy-first Layer 1 blockchain network that introduces customizable confidentiality to Web3 and AI. Since its inception in 2018, it has revolutionized onchain privacy, allowing developers to create applications where data can be entirely confidential, fully public, or exist anywhere along that spectrum.
At the heart of Oasis is Sapphire, the first confidential Ethereum Virtual Machine (EVM) network. What distinguishes Sapphire is its capability to extend confidentiality through trusted execution environments (TEEs). TEEs offer a secure space where sensitive code and data can be executed without the risk of tampering or external observation.In the context of Web3, TEEs serve as impenetrable vaults within nodes or validators, protecting private keys, confidential smart contract data, and essential dApp operations from potential threats in the wider network.
On Sapphire, all validators operate these TEEs, functioning as secure black boxes that enable smart contracts with encrypted state. This allows developers to create privacy-enabled smart contracts, and for users, this means applications that safeguard sensitive personal data.
