Binance’s first cold wallet for investment, how does the low-key SafePal sell well around the world?

Currently, the encryption market has emerged the large number of hardware wallet projects, the encryption wallet choices, preferences and needs of investors are increasingly diverse. Among these emerging projects, a cold wallet, despite its low-key performance on weekdays, has attracted much attention. It received a strategic investment from Binance in 2020. Its first product was even sold in nearly 60 countries around the world within half a year. It is SafePal – the only hardware cold wallet that Binance has invested in so far.

SafePal is a set of integrated hardware and software digital currency wallet project

SafePal is a set of integrated hardware and software digital currency wallet projects, is committed to providing the public with a safe and user-friendly encryption management platform, designed to secure easy to protect and increase the user’s encryption assets. SafePal can provide hardware and software wallet management at the same time, and users can easily store, manage and trade their digital currency assets.

The unique hardware and software wallet purse product, SafePal has ultra nearly 200 Ge countries/regions 300 Duo Wan service users. Currently, SafePal supports more than 20 public chains (including ETH and Solana, etc.); in terms of trading platforms and tokens, SafePal supports NFT trading platforms such as Opensea, Rarible and DEGO, and supports more than 10,000 tokens.

Further, the user can also be in the SafePal view various DeFi protocols, including PancakeSwap, UniSwap Compound and the like, can also be Staking other operations. It can be said that as a digital asset wallet, SafePal has extensive support and is easy for users to use.

It can be said that as a digital asset wallet , SafePal has extensive support and is easy for users to use.

The hardware currently provided by SafePal includes S1 hardware wallet, mnemonic solid iron plate and leather wallet cover (it can be said that it is full of ritual sense). Similar to other hardware wallets, the user scans the QR Code to verify and execute transactions when in use; however, compared to other hard wallets, the price of less than 50USD is also more affordable.

SafePal S 1 uses an innovative hardware design, has a financial-grade encryption chip, is equipped with a camera and a high-definition display; the hardware wallet is small and convenient, completely offline, without risk of leakage, but users need to use it under safe management. It is worth mentioning that, in case of software or physical attacks, SafePal will start to self-destruct private functions, to achieve the greatest protection in terms of safety as possible.

In terms of software, SafePal supports Apple IOS and Android versions, providing Buy, Send/Receive and Swap functions; trading supports Binance DEX and some popular Ethereum ecological projects, such as 1inch, Curve, AAVE, etc. In addition, SafePal integrated Ethernet Square, the wave field and the most popular currency security intelligence chain of Dapp, the user can one-click above collections favorite Dapp.

SFP is the native token of SafePal, and its main functions are as follows:

  1. Fees and discounts: Users can pay fees on SafePal products (such as SafePal hardware wallet and SafePal Swap) and get some discounts on transaction fees.
  2. Staking: Users pledge their assets in the wallet to receive SFP.
  3. Rewards: SFP token holders are entitled to enjoy special coupons, participate in SafePal exclusive activities and receive special collections from SafePal and its ecological partners.
  4. Community governance: SFP token holders can initiate proposals and vote on the use of the fund library and new functions (such as adding a new blockchain to SafePal products).

As the first hardware cold wallet project strongly supported by Binance, SafePal has been widely used. At present, the team has raised a total of 7.2 million US dollars, and there may be a large user traffic entrance in the future. The token SFP is currently listed on trading platforms such as Binance, Gate and CoinEx. In terms of wallet security performance, whether SafePal can bring more surprises to users, we will wait and see.