What is Safein?
Safein is a single sign-on digital wallet ensuring security, comfort, and trust for our clients. Safein addresses today’s problems in e-commerce and cryptocurrency transactions by offering a single click sign-in, verification and payments functionality.
Benefits of Safein
- For a user:
- No more registrations in multiple websites.
- No more waiting to get KYC done for each site / ICO.
- Trusted, convenient and quick payments in fiat and cryptos.
- Enhanced privacy, cybersecurity and data protection.
- Revolutionary referral program with token rewards.
- For merchants:
- Enhanced trust and increased conversion rates.
- Reduced customer support costs.
- Free KYCs.
- Lower cryptocurrency and fiat transaction costs.
- Lower compliance costs and risks as well as buyer protection.
With Safein, our users will go from constantly waiting days to complete KYC checks, to registering, logging-in and paying for goods or services within seconds, with the lowest transaction fees and cashback in SFN tokens. Add a great referral programme to incentivize growth and you have yourself a winning benefits package. Interested? Don’t miss our MVP coming out publicly in just a few days from today.
1. Making it simple for the user
Name one market that has grown 34 times in value throughout 2017 and yet has the user experience which can only be described as “frustrating” at best. If you said “cryptocurrency market”, you are correct. However, cryptocurrency market is not the only one which is growing fast and yet is still critically lacking in comfort, trust and security — similar experiences trouble other rapidly expanding markets for gaming and in-game items, online financial-services and general e-commerce at large.
2. Security
Safein users will be able to rest their minds as they will no longer need to manage a number of usernames and passwords on different websites. This also means — no more tedious password recovery, and no need to skip that one good e-commerce deal you wanted before your account got locked out due to too many login attempts.
3. Comfort
Having to fill in registration, billing and shipping details will be a thing of the past with Safein. Same goes for waiting for a KYC procedure to be finished by a cryptocurrency exchange, wallet or peer-to-peer lending platform — with Safein you will register, log in and deposit funds or pay with just a few clicks not even touching your keyboard. This means gaining access to any service immediately.In addition to that, Safein has a mission to be a solution for both fiat currency and cryptocurrency payments by offering a convenient wallet. This means users will not be required to store multiple fiat and cryptocurrencies accepted by different services providers — instead, you will be able to use your Safein wallet balance to access the provider offering the best price and value for your fiat or cryptocurrency and pay with the medium you have (having it converted to the currency accepted by the merchant automatically).
4. Trust
Safein enables trust together with security and comfort. First of all — Safein commits to never sell user data to third parties. Our users will also benefit from increased anonymity and protection from unwelcomed data mining: with Safein, users will be able to see the exact personal data each merchant receives.Furthermore, Safein will strive to always provides the minimal necessary data to each merchant and leave the rest anonymous where possible. Actually, there is no need for many merchants to have your name and surname, as long as they can be assured that you are over a certain age and are residing in a specific country.
5. Combining everything to solve problems
The Safein team is working tirelessly to combine security, comfort and trust benefits for its users into a solution which would solve e-commerce and cryptocurrency market problems as well as benefit the community adopting the solution. Our team knows that these problems are real because we are facing them every day in our cryptocurrency market activities and in e-commerce encounters.
Problems
Rapid growth of e-commerce remains unstoppable. However, the industry itself is still ripe for improvements as growing concerns mount over data protection, cybersecurity, money laundering and monopolization of numerous sectors. Moreover, shopping online is not only troublesome, it’s also redundantly complicated. Think, for example, of all the repeat registrations, verifications and password recoveries trailing the daily online customer experience. We believe that outdated technology is to blame for almost all of these problems. Accordingly, we think it’s about time to fix this by embracing a modern way of managing your online identity and the shopping experience.
Solution
Data shows that modern internet users have a strong preference for single sign-on solutions like Facebook identity or Google accounts. In fact, some 88% of all online customers use these gateways from time to time to sign into websites they visit20. On the other hand, neither Facebook nor Google can grant an account that’s verified or capable of payments, which significantly limits user convenience and growth. Accordingly, there’s a huge market that’s ripe for the taking.
In view of all this, as well as the cyber world problems mentioned in previous sections, the Safein team has set out to create a single sign-on and payment solution that can be used universally on all websites. By doing so we will eradicate the traditional way of creating accounts on numerous websites we shop on, and we will enable the world to adopt Identity 2.0. This profound leap in technology can easily eliminate the inefficiencies of never-ending KYC procedures and finally grant the community a default customer gateway for all e-commerce activities.
Equally important is our ambition to finally enable our customers to properly secure the personal data used for e-commerce, and shop anonymously wherever possible. We strongly believe that instant access to payment for services, with no delays for KYCs or deposit transfers, will undoubtedly lead to greater competition, increased conversion rates and booming e-commerce. In tandem, merchants will benefit from a significant cut in their cost of regulatory compliance, data protection, KYC and user onboarding, cyber security, as well as reduction in need for significant portion of customer support handling trivial matters like password recovery.
Token Model
The idea of having a single account for everything you do online is simply brilliant, but it requires large scale. Developing Safein is the same as trying to solve the chicken and egg problem — you need a lot of users to attract merchants, and vice versa. Without merchants you cannot acquire new users. Safein will leverage its tokens to grow its user base and acquire merchants. Use of the Safein platform will reward both users and merchants for using innovative payments and identity management solutions created by our team.
1. Token Sale
We have listened to the community and today we are happy to announce some exciting news. Mark your calendars, because Safein Easter this year comes on the 31st of May.
The main ICO will be launched on the 25th of April 2018 at 13:00 UTC. The Softcap (inc. the Pre-ICO) is set to 6,000 ETH, Hardcap 40,000 ETH. A total of 322,500,000 (322.5 Million) SFN tokens (32.25% of the total supply) will be sold during the crowdfunding of the Safein platform.
2. User Benefits
Merchants using Safein will be able to reduce their transaction fees by holding SFN tokens. Each SFN token held entitles a merchant to process a specific amount of payments per month with no commission fees. The initial multiplier, right after payments launch, will be 10, each SFN token will let merchant receive 10 SFN tokens worth of payments with no commission that month. The multiplier will gradually decrease within 5 years starting from the date when the payments are launched. This will lead to a very high token demand from the very beginning, and merchants who buy tokens during the ICO will benefit the most as they will be able to buy them for the lowest starting price — 1 ETH = 9,000 SFN.
3. Airdrop Program
Safein allocates 1% of its total token supply for its Airdrop Program. By subscribing to Safein social media platforms each user will be eligible to receive 500 SFN tokens. For more information on how to participate in the airdrop please visit www.safein.com
Roadmap
2017 Q2 ● Safein idea is born.
2017 Q4 ● MVP with login functionality.
2018 Q1 ● Whitepaper and ICO Safein idea is born campaign launch.
2018 Q2 ● Login Pool launch.
2018 Q1 ● ICO launch.
2018 Q1 ● Full ID vertification.
2018 Q3 ● Crypto payments and wallet launch.
2018 Q3 ● Registration Pool and Referral Program launch.
2019 Q1 ● EMI licence obtained.
2019 Q2 ● Fiat payment launch.
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