{
  "url": "https://blockindex.ai/coin/sfp",
  "name": "SafePal",
  "links": {
    "github": "https://github.com/safepalwallet",
    "website": "https://www.safepal.com/",
    "whitepaper": "https://www.safepal.io/pub/SFP_Whitepaper.pdf"
  },
  "dScore": 33,
  "market": {
    "priceUsd": 0.2295964758788079,
    "marketCapUsd": 114798237.93940395,
    "volume24hUsd": 3320538.01296841,
    "priceChange7dPct": -6.85003144,
    "priceChange24hPct": -4.1374351
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 500000000,
    "circulating": 500000000,
    "circulatingPct": 100
  },
  "ticker": "SFP",
  "founder": "Veronica Wong",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:35.241277+00:00",
  "fairLaunch": false,
  "launchYear": 2018,
  "description": "SafePal (SFP) is the native utility and governance token tied to the SafePal product ecosystem, a commercial wallet company that offers hardware and software wallets alongside integrated wallet experiences. Founded in 2018, SafePal expanded from hardware devices to a broader product suite that includes a mobile app, browser extension and air-gapped hardware devices (SafePal S1 and X1). The SFP token was issued as a BEP-20 token on Binance Smart Chain and first recorded trading activity in early February 2021. SFP’s stated purpose within the SafePal ecosystem is to power governance flows, incentivize user engagement, and enable in-app reward mechanisms such as GiftBox and Wallet Holder Offering programs. The project emphasizes product-led growth, aiming to tie token utility directly to user interactions across the SafePal stack.\n\nTechnically, SFP is a standard BEP-20 token that leverages Binance Smart Chain (BSC) for settlement and liquidity; the token itself does not implement a native consensus or block-production mechanics. Integration work has focused on making SFP useful across SafePal’s mobile and extension interfaces and compatible with common wallets and explorers. The project documentation and market pages list the token contract (truncated in the provided materials) and report a fixed maximum supply of 500,000,000 SFP, with circulating supply reported as equal to the max supply in the provided snapshots. Open-source and code repository metadata were not provided in the supplied materials; engineering and low-level protocol details (source language, license, or ongoing staking reward mechanics) were also not documented in the extracts supplied for this summary.\n\nIn terms of tokenomics and economic design, SFP’s allocation schedule is presented in public materials: Team (20%), Foundation Reserve (20%), Community (15%), Product & Marketing (15%), Strategic Sale (9%), Partnership & Ecosystem (5%), Private Sale (4%), Airdrop (5%), Seed Sale (2%). These allocations indicate a mix of team and foundation holdback alongside allocation for community and product incentives. The token’s supply is described as fixed at 500M SFP and the available market snapshots in the provided files show circulating supply equal to max supply. Market-data snapshots from CoinMarketCap and Messari in the source set list a spot price in the $0.29 range, a market capitalization on the order of $148M (depending on the snapshot) and 24‑hour volumes in the low single-digit millions. The whitepaper link and market profiles provide further allocation detail, but explicit pre-issue (PIP) percentages or premine amounts were not stated in the supplied materials.\n\nGovernance at SafePal is described as token-holder driven within product contexts: holders can create proposals and vote on product decisions and feature priorities inside SafePal’s governance-enabled product flows. The material provided does not present evidence of a full on-chain DAO controlling treasury or protocol-critical funds; the governance model is effectively token-based product governance operating alongside a corporate entity. Corporate and funding context is material to the project: SafePal was incubated/backed by Binance Labs and Messari records show capital raised across rounds (totaling approximately $5.6M per the provided material). Operationally the project has been active in partnerships and integrations through 2025, including integrations with projects like Chromia and 1inch, and promotional programs such as hardware giveaways and airdrops.\n\nRisk considerations center on the token’s dependence on the BSC network for settlement, custody and smart-contract risk tied to third-party integrations, and operational risks associated with running a commercial wallet business (including incident response and upgrade activity). The provided materials document an incident and response sequence in 2025 involving a reported third-party exploit and subsequent phased service restoration; the team reported mitigations and a return to full service. Overall, SFP reads as a product-centric utility token with active exchange listings, an explicit allocation schedule, and continued product integration work driven by a commercial company that retains executive leadership and corporate backing.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "BNB"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 15,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}