Dear SafePal community,
SFP has been acting as the growth engine for SafePal since it was launched in 2021. As a Web3 company, we strive to provide the best products for retail crypto investors, and we are glad that SFP binds SafePal and the community closer and tighter than any other traditional product-consumer relationships.
In the last 3 years, we have been building utilities and progress on SFP, including:
2021
- February: SFP launched as the first IEO project on Binance Launchpad. Following that, SFP is listed on over 20 CEX and DEX including Binance, PancakeSwap, Kucoin, Bybit, Bitget, MEXC, Gate.io, Biswap, and more.
- March: SFP holders enjoy special coupons and privileges from SafePal and its partners, and exclusive access to airdrops launched in SafePal such as Wallet Holder Offering and Giftbox programs.
- October: SafePal users can stake SFP to earn extra yield from SafePal Earn programs, and exchange SFP for gas fee tokens easily using SFP via the Gas Station feature within the SafePal App.
2022
- January: SFP is available for payment and checkout on the SafePal website on purchasing SafePal Hardware Products including wallets and accessories, customized hardware wallet solutions, and more.
- June: SFP holders can exchange for gas fee tokens conveniently via the Gas Station feature within the SafePal App.
- October: SFP is available for checkout on the Binance Pay platform.
- October: SFP holders can pay in SFP and enjoy limited discount on SafePal products in the Binance App mini-program
2023
- July: To facilitate enhanced cross-chain interoperability and liquidity, SFP was also partially migrated from BNB Chain to Ethereum.
2024
- SFP can be staked to earn points and level-up the account tiers from the SafePal banking services to enjoy more account privileges.
With all these milestones achieved, we are proud to announce SFPlus — a hub for all SFP holders to share in the successes of SafePal, and build deeper connections within the SFP community. With the launch of the latest V4.7.7 App update, users will be able to explore all SFP utilities, stake to earn rewards, stay updated with latest SFP holder exclusive benefits, and track individual SFP holder benefits as shown in the visual guide below.
What’s included in SFPlus
1. Stake to be verified as genuine stakeholders
To start with SFPlus, SFP staking is an intuitive and essential step for verifying genuine holders, instead of simply storing SFP as part of the wallet balance. Once the SFP is staked, the respective holders will begin to accumulate a score in SFPlus, with the score continuing to grow over time the longer the SFP is staked. The tokens can also be unstaked at any moment without any lock-up period.
To get started with staking SFP, simply download the latest SafePal App V4.7.7 update and above, select SFPlus in the homepage, and select the stake tab in SFPlus to stake the designated amount of SFP.
Here is the breakdown and guidelines of how the score is calculated:
A base score and time-based score will 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.
Users will be able to view their up to date score in the dashboard of SFPlus, as shown in the highlighted section below:
2. Introducing SFPlus staking reward pools
SFPlus stakers will enjoy the exclusive privileges for future campaigns and airdrops based on their score, 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.
After completion of the event, participants can claim their rewards in the respective event tab, or access past events via the “Rewards History” tab.
To commemorate the launch of SFPlus, more information about the first $CELL reward pool launched with Cellula can be found here.
3. Explore the latest SFP utilities
To enable the consolidation and seamless access to SFP utilities, users will be able to conveniently view and access all all of the utilities through the utilities dashboard as shown below>
Getting started with SFPlus
To get started with SFPlus, simply download the SafePal App or update it to V4.7.7 and above here, and select the SFPlus icon in the wallet section, followed by the highlighted sections as shown below. Users can also refer to the helpcenter here for more guides and tutorials on SFPlus
This will allow users to conveniently access SFP utilities as mentioned at the start of this post, such as the ability to upgrade account tiers for the SafePal Banking gateway services, enjoy discounts on purchasing SafePal products, swapping SFP seamlessly with the gas station feature, and more.
This will allow users to conveniently access SFP utilities as mentioned at the start of this post, such as the ability to upgrade account tiers for the SafePal Banking gateway services, enjoy discounts on purchasing SafePal products, swapping SFP seamlessly with the gas station feature, and more.
Closing
We are proud to witness the launch of SFPlus. It marks another milestone for SafePal this year, and serves as a reminder for the team to keep delivering value to users and Web3 communities.
For more information about the SFP token, visit the section here. We look forward to bringing more utilities and benefits to all SFP holders.
About SafePal
Founded in 2018, SafePal is a comprehensive crypto wallet suite backed by industry leaders such as Animoca Brands, Binance and Superscrypt. SafePal empowers users to own their crypto adventure by accessing opportunities securely in the decentralized world via its hardware wallet, mobile app, and browser extension wallet solutions.
The SafePal platform serves over 15 million users globally across 200+ regions and countries, supporting 15 languages, 100+ blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools, and even a CeDeFi banking gateway and Visa card for users.SFP is a decentralized BEP-20 and ERC-20 utility token serving as the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding token holders and education programs.
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