What is SafePal? What Does SFP Coin Do?

SafePal is a company that manufactures hardware wallets. With the help of crypto wallets, users can store their cryptocurrencies safely and conveniently. In this article, “What is SafePal?” We will answer the question. In addition, we will touch on other questions about the project.

What is SafePal? What does it do?

SafePal is a platform to secure, store and properly manage digital assets. Also, SafePal offers the first hardware wallet powered by Binance. It serves more than two million users in more than 140 countries using various wallets. Also, assets from several wallets can be paired with the SafePal App. Moreover, SafePal not only allows users to secure and manage their crypto, but also facilitates trading and token swaps.

SafePal offers competitive prices for a quality hardware wallet product. SafePal has numerous leading networks and resources, as the project has close ties to Shenzhen, the Silicon Valley of hardware and electronics manufacturing.

SafePal has a unique approach to sourcing high quality components for its hardware at competitive prices. Rather than making an extra profit for themselves, the team passes their savings on to their customers.

What is SFP coin?

SFP coin is SafePal’s native token. The token was the 18th project launched via Binance Launchpad. Moreover, this time it offers a new launchpad format. Because Binance has decided to use a new Launchpad subscription model where BNB holders can link their BNB to the SFP token launch event. Binance then took a snapshot of the participant’s average holdings over the six-day launch period. The amount of allocated SFP tokens was determined by “the ratio of BNBs committed to the total BNB committed by all participating users”.

What is a Wallet Holder Offering (WHO)?

SafePal has launched a new type of airdrop campaign known as the “wallet holder offering” (WHO). In short, the project offered users of SafePal software and hardware wallets the opportunity to participate in a community airdrop. The project wanted to create a token distribution mechanism that could not result in unfair distribution of tokens to whales or scammers. Therefore, there were several ways SFP token holders could get involved.

The Wallet Holder Offering (WHO) includes several tasks and requirements for participants to receive an airdrop reward. This includes a ‘Earn to Learn’ scheme where users can earn crypto by learning and interacting with new projects. Also, to prevent fraud, SafePal rewarded only token-only users with their wallets directly.

What is SafePal? How to get SFP coin?

SafePal is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where SafePal is traded are listed as follows: Binance, Bybit, MEXC, Bitget. Users who want to invest in the project should open an account on one of these exchanges.

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