SafePal, a non-custodial crypto wallet suite, has introduced SFPlus, a new staking dapp and hub that allows users to stake the native SFP token to earn score privileges within the SafePal ecosystem. This new feature can be accessed through the latest SafePal mobile wallet App V4.7.7 update, enabling users to stake the token, view existing utilities, and participate in airdrop reward pools with project partners. Notably, staking in SFPlus does not involve a lockup period, giving users the flexibility to stake or un-stake any amount of SFP at any time while earning a time-based loyalty score bonus and automatic participation in reward pools.
In addition to sharing in SFP reward pools, staking the coin to accumulate a score provides holders with real-world benefits. Users can upgrade account tiers for the SafePal CeDeFi banking gateway, launched in March, which offers access to crypto-friendly and compliant banking and payments through major platforms like Visa, PayPal, Apple, and Google Pay. SafePal has also partnered with The Open Network (TON) to launch a campaign focused on Soul-Bound tokens (SBTs), aiming to build long-term utility and onboard users from the TON and Telegram ecosystem through its hardware, mobile, and browser extension wallet solutions.
SFP, a decentralized BEP-20 and ERC-20 utility token, serves as the growth engine of the SafePal ecosystem. Users can use it to purchase SafePal products at a discount and convert it to gas across different chains within the app. Currently, SFP is trading at $0.7367, marking a 1.1% decrease. Despite a 6.5% drop in the past week and an 11.5% decline in the past month, the token has experienced an overall appreciation of over 51% in the past year. Despite hitting an all-time high of $4.19 in February 2021 and down 82% since then, it has surged 173% from its all-time low recorded in June 2022.
To celebrate the launch of SFPlus, SafePal has initiated the first airdrop reward pool with Binance Labs-backed Web3 gaming project Cellula. This collaborative effort follows the previous Wallet Holder Offering held in June and seeks to strengthen utility while showcasing the maturity of SFP as the first IEO project on Binance launchpad in 2018. Veronica Wong, CEO and co-founder of SafePal, emphasized the importance of using tokens to foster community and builder relationships, highlighting the unique role tokens play in connecting users to promising projects in a safer and more reliable manner.
Established in 2018 and backed by renowned entities such as Animoca Brands, Binance, and Superscrypt, SafePal offers a comprehensive suite of hardware wallet, mobile app, and browser extension wallet solutions. The platform has amassed over 15 million users across 200 regions and countries, supporting 15 languages and more than 100 blockchains with their tokens and NFTs. SafePal’s commitment to providing users with innovative tools for secure and user-friendly crypto management underscores its position as a leading player in the digital asset space.
