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Dear SafePal community,

As you may know, SafePal has integrated the Binance trading feature into the SafePal App via the Binance DApp. While SafePal values decentralization, we also want to provide users with as many choices for trading as possible. This enables users to enjoy the best trading experience powered by Binance without leaving the SafePal wallet for convenience.

What’s the requirement

Users who bind their Binance Identity Authentication to the SafePal Binance DApp and participate in Spot Trading or Futures Trading during the campaign will win a SafePal X1 hardware wallet valued at $69.99 USD as a prize and will only need to cover shipping costs.

Only the first 1000 users who meet all the requirements will be eligible to receive the prizes. Participants should note that only Binance has access to the information in the identity authentication as SafePal is a decentralized wallet. This requirement is to adhere to the terms and conditions in using the services for Binance, and SafePal wallet itself does not store this information or require identity verification. Users should refer to the ‘Things to Know Before You Use the Binance DApp’ at the bottom of this blog post under the disclaimer section for full clarity on the DApp before participation.

What’s the reward

The X1 is the first open source Bluetooth hardware wallet recently launched by SafePal. Similar to its air gapped S1 counterparts, the X1 has an anti-tampering self-erasing mechanism and a CC EAL5+ secure element chip.pp

As security is always a top priority at SafePal, audits for the X1 were also conducted by Keylabs, and relevant parts of the major code for the X1 are open-source on GitHub, ensuring maximum trust and transparency.

Learn more about SafePal X1 hardware wallet here.

Campaign Validity Period

March 11, 2024 10:00 AM UTC – April 11, 2024 10:00 AM UTC

(Note that this event may end earlier if all the wallets are fully redeemed)

How to Participate in the Trading Campaign

Make sure you have downloaded and set up the latest SafePal App V4.5.0 here, and created a wallet in the App. Here are some essential tutorials for the wallet setup process:

Users can then join the Binance DApp Trading Event by completing the event tasks within SafePal Giftbox.

What are the tasks?

Complete the following to win a SafePal X1 hardware wallet valued at $69.99 USD!

Complete the Identity Authentication in the Binance DApp
Trade any amount of Spot or Futures trade orders during the campaign period

(Note: The 0-fee trading pair is excluded from the campaign.)

Task1: Complete Identity Authentication in the Binance DApp

Only users linking their Binance account with the SafePal Binance mini-programcan participate in the campaign to win prizes. Please connect your Binance account with the SafePal Binance DApp by opening the Binance DApp in the SafePal wallet.

Follow the steps here to connect your SafePal wallet to the Binance DApp, and complete the identity verification for your Binance DApp with your identification of Binance main account, the detailed steps can be found at this link.

Once this is complete, you can view the identity status on the settings page, and it will display the “Verified” indicator, which means your account will now enjoy full access to the Binance DApp within the SafePal App. After you complete the identity authentication in the Binance DApp, go back to the SafePal Giftbox task page, and click ‘Verify’ for the task.

If you have previously used the Binance DApp to bind your Binance KYC account, you will only need to click the “Verify” button to complete this task.

Task2: Make Spot Trade or Futures Trade Orders in Binance DApp

Follow the steps here to create a Futures position or Spot trade order. The campaign does not include the 0-fee trading pair.

To meet the task requirement, you need to trade any amount of Spot or Futures trade orders within the eligibility period:

Eligiblity period: March 11, 2024 10:00 AM UTC – April 11, 2024 10:00 AM UTC

Who’s eligible for the reward

Please complete the two tasks mentioned above, and then click the “Claim” button. Be aware that this reward only supports shipping to the countries listed here. Users with shipping addresses from other countries that are not in the shipping list will not be eligible to receive the X1 wallet. Please note that users will need to cover the shipping costs themselves.

How to claim your reward

Winners will receive a notification in the SafePal Giftbox Redeem Center immediately after clicking the “Claim” button in the Giftbox campaign. This notification will include a redemption link for a SafePal X1 hardware wallet. Follow these steps:

Go to SafePal wallet app > Giftbox > Redeem Center.
Locate the X1 reward.
Enter your shipping information to claim your reward.

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 self-dealing or market manipulation.

SafePal reserves the right to cancel or amend any activity or activity rules at our sole discretion.

Disclaimer

Risk Warning

Cryptocurrency investment is subject to high market risk. Please invest cautiously. SafePal will not be responsible for your investment losses. SafePal will not be liable for any direct or consequential loss from participating in its activities. SafePal will make the best efforts to select high-quality partners for its events but will not be responsible for your investment losses. Thanks for your support!

SafePal reserves the right to disqualify all suspected participants that are botting, front running, or exploiting any mechanisms without appeal.

Not Investment Advice

This activity does not constitute investment advice, financial advice, trading advice, or any other form of advice or endorsment, 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. Do your due diligence and consult your financial advisor before making investment decisions.

Things to Know Before You Use the Binance DApp

Since SafePal is a decentralized wallet that doesn’t store or access any users’ personal information, while Binance is a centralized exchange, for your asset security, there are some important items to learn before you start the seamless trading experience within the SafePal App:

This Binance exchange account is automatically created based on the SafePal wallet authorization and is independent of the original SafePal wallet accounts.
After creating the Binance DApp account, your crypto assets are still stored in the original SafePal wallet accounts, and will not be automatically transferred into the Binance account. If you want to trade in the Binance DApp, please deposit into the Binance DApp account first.
A Binance account created in this step is paired with your SafePal wallet, and can only be logged in via the SafePal wallet authorization. If you lose the mnemonic phrase to the SafePal wallet account, you will not be able to log in to the paired Binance DApp account. Please keep your mnemonic phrase in secure locations.
The Binance DApp accounts created through different SafePal wallets are different and independent from each other.
Only the SafePal wallet accounts created or input through mnemonic phrases can authorize and create a Binance DApp account. If your SafePal wallet is imported with a private key, Keystore, or observation mode, it can’t be used to create a Binance DApp account.
The asset you deposit into the Binance account is stored on the Binance Exchange platform and is ready for trading anytime.
The Binance DApp within the SafePal App is empowered by Binance and integrated into SafePal as a third-party DApp, thus all the trading rules, compliance, and regulations of Binance.com equally apply to the Binance trading features in the SafePal App. Cryptocurrency trading involves high risk and is not suitable for all investors. Before deciding to trade cryptocurrencies, tokens, or any other digital asset you should carefully consider your investment objectives, level of experience, and risk preference.

About SafePal:

Founded in 2018, SafePal is a comprehensive crypto wallet suite providing hardware wallet, mobile app, and browser extension wallet solutions. As a non-custodial wallet suite, SafePal aims to allow users to own their crypto adventure, by empowering them to access opportunities securely in the decentralized world.

The SafePal platform is backed by industry leaders Binance Labs, Animoca Brands, and SuperScrypt; serving over 10 million users globally and supporting 15 languages, 100+ blockchains with their fungible and non-fungible tokens. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools 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. Stay informed about SafePal here