Safein : Digital Identity Payment Wallet


Image result for SAfein ICO
Amongst the debris and confusion, one phoenix has risen from the ashes. Safein is an upcoming revolutionary payments solution, formed by a rock-solid team and with an illustrative white paper & roadmap.

Formed by a trio of Lithuanian e-sports/gaming entrepreneurs, Safein is a promising, burgeoning solution which aims to be the next big thing in intermediary identity verification and payments processing. It also happens to have its own ERC-20 based token economy, resulting in a synergy that should (at the very least) prove Mr. Carney wrong.

Safein is almost like Paypal in its aspirations, however, once launched, it will be immediately supplanting it technologically by being the very first payment provider to seamlessly allow fiat and cryptocurrency transactions.

Merchants are incentivized with free transaction fees so long as they are holding the proprietary (SFN) token, as well as the ability to defer user privacy management to this innovative new platform. Token holding customers benefit from a referral scheme that trumps those that made PayPal and eBay famous.

 About Safein
Safein is built by a great architecture to allow users to keep their properties, as well as currencies and secrets in open accounts on our platform. Safein will go into various business areas where the combination of having all of the above brings benefits to the users online and offline. Safein's top priority is to remove too many KYC registrations and procedures.

At the same time, Safein will standardize crypto payments on all ecommerce sites. Currently, no large-scale Payment Service Provider accepts fiat and crypto payments. Safein will solve this problem by allowing users to pay for their items directly using their Safein wallet regardless of the currency in the account.

Safein has just released our MVP which can be tested on their website. This allows you to create an account, verify and add it to your mobile device and try to subscribe easily to some of our demo sites. The whitelist of Safein will start on March 1. The only current TGE with their live MVP version, this is great. You can try MVP here on the Safein MVP Registration page.

As we see the rise of e-commerce, the industry is still facing improvements as concerns about data protection, network security, money laundering and the monopoly of many industries. different. One can assume that the internet is designed without a layer of identity, noting that the daily movement has become a big struggle, having to use your passport on most investment sites.

There is nothing better than the view of a merchant. Market research shows that new users can charge an online service provider up to $ 20 per new customer to join, with a total of annual bulls for guaranteed over-identification. EUR 3.5 billion in the United Kingdom alone. Worse yet, there should be other good luck to collect, manage and store the collected personal data correctly.

The Mission
Safein is a single sign-on digital identity and payment wallet, the platform is about to revolutionize the way we pay, register, and complete identity authentication, with just one click. With Safein, the user is always in control, able to anonymously login to the online platform, allowing users to have complete control over how they spend, able to revoke access permanently with a single click. The platform will allow users to see your entire activity history, including registrations, logins, and payments.

Once users have logged into the platform, they are able to make payments without providing any extra information. Store your money in traditional currency or any crypto in fact. The platform will automatically convert and deliver funds in the merchants preferred way. Since every payment processed is within the boundaries of the platform, they work in an instant, with minimal fees.

Safein’s key features
Safein’s key features include:

 Multi-Factor Authentication Mechanism and Digital Identify Management, KYC Procedure Engine, Digital Wallet, and Payments.

 With Safein, users can now save their personal information and the details about their tokens in the platform with the purpose to make the KYC process easy for the shoppers and merchants. This will help the shoppers feel at ease while shopping online.

 In addition, Safein will also allow direct payment from the Safein wallets of a shopper in regardless of the which kind of cryptocurrency held in the account.

 One more interesting point is that they have already had the MVP which can guarantee their ability to implement the product. You can now try out Safein’s features by using their MVP application. With their MVP, you can create an account, verify the account and connect it to your mobile phone. This will now enable you to register easily on other platforms.

 Advantages Safein
We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by/from:

  1. Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;
  2. The end of management and recovery of numerous user accounts with different passwords;
  3. Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;
  4. Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;
  5. Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;
Token
When it comes to token distribution, Safein has a slightly unique approach compared to traditional ICOs.

The total token supply is set to 1,000,000,000 SFN. 36,75% of which are reserved for the company itself with a three-year bond. Ten percent is reserved for the advisory board with a two-year bond. Ten percent will be distributed to the Safein Registration Pool and 5% for the Safein Referral Program. One percent will be distributed to token holders as “airdrops” – for those who hold SFN in the official SFN wallet and not on an exchange. Five percent goes to the Safein Login Pool and 32.25% to the Pre-ICO and ICO participants (2.25% for Pre-ICO and 30% for ICO participants, respectively).

The token will benefit both internet users/consumers and vendors/websites in various ways.

A commission fee of 1% will apply after a certain threshold when vendors accept payments, while there will be literally no fee up to that point.

According to their white paper: “If a merchant buys $1,000 worth of SFN tokens during the ICO and the token price doesn’t change, that will save him $1,140 of Safein commission per year (1% commission on total transaction volume) and more than $2,000 yearly compared to other payment service providers charging commission and fees more than twice as large as Safein.”

Basically, if a new ICO starts a KYC procedure it will be better both for them and their clients to use SFN as the payment method instead of the traditional ETH-based ICOs.

ICO Detail:
  • Token: SFN
  • Price: 1 ETH = 7,000 – 9,000 SFN
  • Pre ICO Price: 1 ETH = 12,000 SFN
  • Bounty: Available
  • Minimum investment: 0.1 ETH
  • Platform: ETH
  • Accepting: ETH
  • Soft-cap: 6,000 ETH
  • Hard- cap: 40,000 ETH
  • Country: Lithuania
  • White list/KYC: KYC & White list
  • Restricted areas: USA

Token information and distribution

SFN is the only official token of the project. The total number of released token is 1 billion (1,000,000,000 SFN) and no more tokens will be issued. Safein token is used for any kind of transaction in our platform. Customers can do their shopping by using SFN token and merchants can get their payments via the token system and both of them will be compensated as per their functionality.

The team allocated the most part — 32,25% — of the total number for 2 stages of sale (322,5 million).

Pre-sale: will happen from April 05, 13:00 UTC until April 24 13:00 UTC, 2018. The minimum investment per person is 0.1 ETH. Investor may receive the bonus up to 71% to a price of the main crowdsale. The number of SFN for sale in this period is 22,500,000 SFN and the Hard cap is 2,000 ETH

ICO (main crowdsale): will happen from April 25, 13:00 UTC until May 25, 13:00 UTC, 2018. The minimum investment per person is 0.1 ETH. The number of SFN for sale in this period is 300,000,000 SFN and the Hard cap is 40,000 ETH

All values indicated in ETH in their whitepaper are subject to change before the start of the ICO in case of large fluctuations in market price of ETH.

Should any part of the tokens allocated to ICO not be distributed during the ICO, such tokens will be returned tothe company and added to its reserve for further development. In case of failure to reach the Soft cap, all contributions will be returned to their original owners.

The Safein ICO will be distributing 10% of the total token supply to cover the costs such as: Further development of our product; Crypto payments functionality; Smart Contracts for Login Pool; Safein payment solution with internal transaction processing system; Acquiring EMI license; Onboarding at least 500 merchants; ICO expenses and marketing.

Safein Architecture


Team
The Safein team looks young and fresh, but that is not uncommon in this disruptive scene.

Co-founders Vladas Jurkevičius, Audrius Slažinskas and Lukas Deksnys have worked together before at Atlantis Games and they carry Masters degrees from Cambridge, Utrecht University, Glasgow University and their native Vilnius University, specializing in Law, Economics, Mathematics and Mechanical Engineering.

Mushegh Tovmasyan, Safein’s Fintech Specialist, is also the man behind Equiti Group, a global scale FX and CFD brand and broker provider. Joseph Steinberg, head of Cybersecurity for the project, is a NY College MA owner in Computer Science and adviser for various cybersecurity firms.

While there are no “rock-stars” on the board, the Safein team looks solid with a long pre-history in multiple working business models that are still on the play.

For More Information : 
Visit the Website: https://www.Safein.com
Follow on Twitter: https://twitter.com/Safeincom

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