As we see an enormous growth of e-commerce, the industry itself is still ripe for improvements as growing concerns mount over data protection, cyber security, money laundering and monopolization of numerous sectors. One could argue that the internet was designed without an identity layer, keeping track of everyday movements has become a great struggle, having to whip out your passport at almost every investment website.
No better from the merchant perspective. Market research shows that onboarding new users can cost an online service provider up to 20 USD per new customer joined, with a total annual bull for identity assurance exceeding 3.5 billion EUR in the UK alone.
Worse, another fortune is required to properly collect, manage and store the personal data collected.
The Safein Mission
Safein is a single sign-on digital identity and payment wallet, Safein 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 Safein platform will allow users to see your entire activity history, including registrations, logins, and payments.
Once users have logged into Safein, they are able to make payments without providing any extra information. Store your money in traditional currency or any crypto in fact. Safein will automatically convert and deliver funds in the merchants preferred way.
Since every payment processed is within the boundaries of Safein, they work in an instant, with minimal fees.
Safein is bringing a whole new era of identity and payment recognition on a global level. You can connect with the Safein on their Telegram here
An Outstanding Architecture
Safein has been built to allow users to store their identity, as well as crypto and fiat currencies in accounts opened on our platform. Safein will go into various business areas where the combination of possessing all of the above gives benefit to its users online and offline.
The main priority of Safein is to eliminate redundant registrations and KYC procedures.
At the same time, Safein will standardize crypto payments on all e-commerce websites. Currently, there is no single large-scale Payment Service Provider which accepts both, fiat and crypto payments. Safein shall resolve this by allowing its users to pay for their goods directly using their Safein wallet regardless of the currency held in the account.
Safein has just released our MVP which can be tried out on their website. It allows you to create an account, verify and tie it to your mobile device and try out effortless registrations to few our demo websites.
The Safein whitelisting will begin on March 1st. As one of the only current TGE’s with a live version of their MVP, it is remarkable. You can try the MVP live right here on the Safein MVP Registration page.
The Safein Token Generation Event
The SFN Token is native to the Safein network providing users with 100% free payments for merchants who hold SFN. Monthly cashbacks for users paying with Safein tokens. Enabling users to use a Login pool to incentivize the use of Safein among other websites. Registration Pool to reward new users and a referral pool to grow the user base rapidly.
The Safein TGE is set to go live on the April 25th. With an TGE soft cap of 4,000 ETH and a hard cap of 12,500 ETH. The rate for SFN tokens is 1 ETH = 7,000-9,000 SFN. Safein will hold a bonus rounds and distribute accordingly.