Safein - A Decentralized Blockchain-based Identity Management Platform

What is Safein SFN?

Safein lets you sign up, sign in, and pay with a single click while staying in control of your personal data. It’s a single sign-on digital identity and payment wallet. You can use Safein to hold, spend, and transfer cryptocurrencies or fiat currencies.

You can try Safein for yourself today by visiting Safein.com. It’s also available to download from the Google Play Store today as an Android app.

Overall, Safein describes itself as “a revolutionary way to pay online.” However, it’s more than just a wallet: websites can use Safein to authorize the identity of users, for example. You can get access to websites with a single click without messing with registrations or lost passwords. Safein will deliver your data to new websites for you, which means you can sign up for a brand new website or online service with a single click.

How Does Safein Work?

Some of the core features of Safein include all of the following:

• Pay with Fiat or Crypto:

Once you’re logged in with Safein, you can make payments without providing any extra information. You can store your money in traditional currencies – fiat currencies – or any cryptocurrency. Safein will automatically convert and deliver funds in the merchant’s preferred way. Every payment is processed within the boundaries of Safein, making them instant, secure, and cheap.

• Control your Data:

Safein lets you control your data, which means you always know what websites know about you. You can login online anonymously or only share data that the website really needs. You don’t have to go through a complex login process and enter the same data every time you sign up for a new online service. Plus, you can revoke data access permanently with a single click.

• Easy Dashboard:

Safein has a web panel where users can control their access privileges. You access the panel through a mobile app or web browser. Through this panel, you can view your entire activity history, including registrations, logins, and payments.

• Get Access to Websites with a Single Click:

Safein allows users to sign up and login to new websites with one click. You can avoid tedious registrations and passwords. After you approve (with a single click), Safein will deliver your data to new websites on your behalf.

Safein benefits and application

Safein addresses today’s problems in e-commerce and cryptocurrency transactions by offering a single-click sign-in, verification and payments functionality.

For user, Safein means:

1. No more registrations in multiple websites;
2. No more waiting to get KYC done for each site / ICO;
3. Trusted, convenient and quick payments in fiat and cryptos;
4. Enhanced privacy, cybersecurity and data protection;
5. Revolutionary referral program with token rewards.

For merchants, Safein brings:

1. Enhanced trust and increased conversion rates;
2. Reduced customer support costs;
3. Free KYCs;
4. Lower cryptocurrency and fiat transaction costs;
5. Lower compliance costs and risks as well as buyer protection.

Safein is a game-changer because of:

1. Ability to easily solve the delays, crypto payments and multiple account management problems in e-commerce;
2. Free of charge user verification and data protection services complying with applicable regulations;
3. Exceptional focus on easiness of use, integration and cybersecurity;
4. Tokenized platform business, where everyone benefits from being part of the network;
5. Revolutionary referral growth model, consisting of a Referral, Registration and Login token pools.

What Problems Does Safein Seek to Solve?

Safein seeks to solve a number of major problems with today’s online services – including particularly e-commerce platforms. Some of the identified problems include:

• Separate accounts are needed for each website
• You need to repeatedly verify your account
• You pay high processing fees and transaction fees
• There’s the risk of fraud and chargebacks
• Excessive personal data mining is an issue, and you don’t always know what a company does with your data after signing up for an account online

Features and Benefits

Safein aims to solve all of the problems listed above with the following features and benefits:

• Single account for any website
• One-time ID verification for all websites
• Low cost or free service for token holders
• Risk-free payments
• Full control of your personal data

How Do Safein Tokens Work?

Each activity of Safein users is rewarded with Safein tokens, or SFN. Safein will also grow its userbase with SFN tokens, providing generous referral rewards in SFN. You get paid SFN tokens when referring new users to the platform.

Plus, merchants that hold SFN will enjoy free payment processing.

Users who pay with Safein tokens will receive monthly cashback rewards. Plus, certain tokens will be allocated to a login pool, and that login pool will incentivize Safein use among users and websites.

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.

A brief chat with a Safein representative led me to the following information regarding the token sale (this information was missing from their white paper):

Pre-ICO period:

• First 1,000 ETH: 1 ETH = 12,000 SFN tokens
• 1,001 – 2,000 ETH: 1 ETH = 10,500 SFN tokens

ICO period:

• First 4,000 ETH: 1 ETH = 9,000 SFN tokens
• 4,001 – 12,000 ETH: 1 ETH = 8,500 SFN tokens
• 12,001 – 22,000 ETH: 1 ETH = 8,000 SFN tokens
• 22,001 – 30,000 ETH: 1 ETH = 7,500 SFN tokens
• 30,001 – 38,000 ETH: 1 ETH = 7,000 SFN tokens

Token Distribution

ICO Fund Allocation:

• Develop cardiard kripto wallet and payment function
• Obtain an Electronic Money Institute license
• Launched fiat deposits and trader payments in EUR, GBP, USD
• Obtains the first 500 medium to large traders
• 2 years of administrative, operational and personnel expenditure

Roadmap 

Who’s Behind Safein?

Safein was created by co-founders Vladas Jurkevičius (Business), Audrius Slažinskas (Legal), and Lukas Deksyns (Operations).

Prior to launching the company, the Lithuania-based team co-founded Atlantis Games, a Lithuania-based eSports platform focused on authorization and payment-related projects. That company is still active, and the team continues to hold their executive level positions with the company. Both Atlantis Games and Safein were founded in 2017.

Vladas also previously founded HELIS, which grew to a team of 80 people in less than a year after being founded in January 2016. HELIS specialized in high growth large-scale e-commerce projects in eSports and virtual in-game economies.

Details Information, Please Visit :

Website : https://www.Safein.com
Whitepaper  : https://www.Safein.com/summary/Safein_whitepaper.pdf
Medium : https://medium.com/Safeincom
LinkedIn : https://www.linkedin.com/company/Safeincom
Facebook : https://www.facebook.com/Safeincom/
Twitter : https://twitter.com/Safeincom
YouTube:https://youtube.com/channel/UCErwG8SaM-_Pb3Y6A-ZvV9A

My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1299271