SafePal - logo
SafePal
SFP
$0.77

Sector

Wallet

Exchange Debut

2021-02-09

Market Cap

358,266,941

Maxim Supply

500,000,000

Circulating Supply

462,500,000

Circ. Supply(%)

92.50%
SafePal - logo

SafePal

SFP

Price

$0.77

Market Cap

Sector

Exchange Debut

358,266,941
2021-02-09

Volume 24h

High 24h

Low 24h

2756441
0.776034613411
0.757892262497

Change 24h

Change 7d

Change 30d

0.6276
-6.8843
5.0028

Maxim supply

Circulating supply

Circulating supply(%)

500,000,000
462,500,000
92.50%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the SafePal – SFP cryptocurrency:

SafePal – SFP, launched in 2018, is a cryptocurrency wallet dedicated to ensuring users can securely manage their digital assets. Combining both hardware and software solutions and backed by the prominent Binance, it has become a trusted solution for many crypto enthusiasts. Despite the comprehensive functionalities it offers, like supporting various crypto-assets and allowing seamless trades and swaps, the fundamental analysis of the SafePal – SFP cryptocurrency reveals an overall score of 6.67 out of 10.

SOCIAL & MASS MEDIA: Score 7.15 out of 10

SafePal’s presence in the digital realm is robust. Their impeccable ability to draw followers and the proactivity of their social media administrators underscore their commitment to community engagement. However, there seems to be a stark disparity in community activity on their pages, which could signify a one-way flow of information. Despite this, they maintain a respectable presence in the media and have significant communities on chat platforms.

AUDIT & SECURITY: Score 7.85 out of 10

Safety is paramount in the crypto space, and SafePal doesn’t fall short. Their audit results are commendable, and they exhibit a level of transparency that instills confidence in users. Their liquidity on exchanges, which is pivotal for traders, is also appreciable.

TOKENOMICS: Score 6.85 out of 10

The fundamental analysis of the SafePal – SFP cryptocurrency token economy reveals a unique balance. While the project showcases a controlled inflation rate, concerns arise over the centralization of its monetary mass. Diversifying token distribution might alleviate some centralized control apprehensions.

ECOSYSTEM DEVELOPMENT: Score 7.00 out of 10

SafePal shows commitment towards achieving its objectives. Their forward-thinking approach and plans to introduce new developments signal growth and adaptation to changing market needs.

TEAM & DEVELOPERS: Score 1.92 out of 10

A primary area of concern is the team’s experience and the number of software developers. While a project’s success isn’t solely hinged on its team, having seasoned professionals can make a significant difference.

PRODUCT & UTILITY: Score 7.20 out of 10

SafePal’s products serve tangible utilities in the crypto space. The practicality of both the product and the tokens within their ecosystem can’t be ignored, highlighting the value they bring to the table.

PARTNERS & INVESTORS: Score 7.50 out of 10

In the realm of collaborations, SafePal is thriving. With a strong lineup of partners and considerable investor backing, it’s evident that the project isn’t short of external trust and support.

Fundamental analysis of the SafePal – SFP cryptocurrency – The final conclusion

Drawing from the fundamental analysis of the SafePal – SFP cryptocurrency, we notice an interplay of strengths and areas needing improvement. While its social media prowess, audit, and security measures are commendable, there’s a clear need for SafePal to bolster its team’s expertise. Investors need to balance the robust ecosystem, partnerships, and utility against the potential risks stemming from a less-experienced team and concerns over token centralization. All in all, SafePal – SFP presents both challenges and opportunities, making it crucial for potential investors to keep an eye on its evolving dynamics.

What is SafePal – SFP?

Overview of SafePal – SFP

SafePal – SFP is a cryptocurrency wallet, founded in 2018, with an aim to safeguard users’ digital assets. With both hardware and software wallet solutions, the platform supports a wide range of cryptocurrencies, ensuring seamless storage, management, and trade opportunities. Notably, the SafePal App facilitates easy management of these wallets. Being the first of its kind to receive backing from Binance, it has gained significant traction globally, boasting over 3,000,000 users across 196 countries.

Unique Features of SafePal

Distinguishing itself in the market, SafePal offers both affordable hardware and secure software wallet options. It extends support for major cryptocurrencies like Bitcoin, Ethereum, and BNB. Additionally, its native utility token, SFP, comes into play for offering user discounts and incentivizing the user community.

Functions of the SafePal App

Acting as a bridge, the SafePal App lets users effortlessly handle both their SafePal Hardware Wallet and SafePal Software Wallet. The software wallet, in particular, stands as a decentralized solution, enabling users to effortlessly manage their wallets and digital assets on mobile.

In the realm of digital currency wallets, a fundamental analysis of the SafePal – SFP cryptocurrency suggests that SafePal’s unique offerings and widespread acceptance make it a notable contender. Its integration of both hardware and software solutions, coupled with its extensive user base, testifies to its credibility in the crypto world. Moreover, the utility of its SFP token adds to its appeal, promoting user engagement and loyalty. Transitioning from one feature to the next, SafePal appears to prioritize user convenience and security above all.

Fundamental analysis of the SafePal - SFP cryptocurrency

SafePal - SFP performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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