Safein

  Cryptocurrency was first designed by David Chaum, a doctor of computer science and business administration graduated from the University of California, USA. In the 1980s, Chaum devised a highly secure algorithm and enabled encryption (encoded) to perform electronic fund transactions.

Safein is a single sign-on digital identity and payment wallet

   Safein will be the first payment service provider in the world to include the necessary documents so they can obtain EI Electronic Funds (EI) licenses covering the payment of crypto and fiat. Our main target is to eliminate useless registrations and KYC checks by allowing our users to do it just once on our platform and then using that data whenever you use online services. With live MVP you can try, users simply visit the Safein website, register, download the app, and try it. Good product, by outstanding company.  

What Is Safein?
Safein is a single sign-on digital wallet ensuring security, comfort, and trust for our clients.


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.

HOW DOES SAFEIN WORK?
 
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 SINGLE SIGN-ON

Safein provides a unique solution for both users and merchants. Users will be able to login into websites directly with no registrations.
The Safein account will at the same time provide merchants with the information necessary for client acceptance and service provision. For example, if a user is signing in to a forum, the forum usually only needs to know user’s display name or some unique identifier enabling it to separate the user from others. In this case, Safein would not disclose data like user’s full name, address, etc. Instead, it will only provide the forum with the required username. On the other hand, should the same user be buying a physical book, additionally, the merchant would be provided with user’s full name and address for shipping. Despite this, the user will have full control of his data at all times, always seeing what information is being requested by the merchant and giving a clear consent to such transfer up front.

A revolutionary solution for both businesses and users

Users get access to websites with a single click. 
Safein allows users to sign up and log in to new websites with one click. Forget tedious registrations and lost passwords. You will get instant access to any services online.

Users control their data

With Safein, you’re always in control of what websites know about you. You can login online anonymously, or only share data the website really needs. On our web panel and mobile app, you’ll see your entire activity history, including registrations and logins.

Businesses receive a complete KYC solution

Forget hiring staff, training costs, seeking legal advice, setting up IT infrastructure and dealing with fraudulent users. Safein will provide a quick and simple to integrate solution for all your KYC issues. Onboarding new users has never been cheaper.

SAFEIN BENEFITS AND APPLICATION

Benefits Of Safein

• We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by from:
• Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;
• The end of management and recovery of numerous user accounts with different passwords;
• Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;
• Convenient one-stop shop for both, easy online access and payments;
• Full and clear disclosure of what customer data is being passed on to websites;
• Increased cybersecurity of their personal data;
• Comfort that the company collecting their personal data (i.e. Safein) is trustworthy and will be able to protect it;
• Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;
• Increased anonymity, and protection from unwelcomed data mining and spamming activities;
• Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;
• Cashback as well as further rewards for loyalty and use of our services.
•  

Application And Possible Markets

• Crypto exchanges and other ICO;
• Digital goods markets where fraud and chargeback rates are extremely high;
• eShops, benefiting from extremely low payment fees, access to crypto payments and verified users;
• Online financial or legal gambling service providers (which could easily use our platform to verify user’s age and applicable legal regime as well as accept payments from the user with no further registration process);
• Car-sharing and other rent service providers;
• Investment and trading platforms;
• Social networks;
• Regional polls (utilizing our ability to give access to users from certain jurisdictions only);
• Smart contracts (users could feed their data directly into smart-contracts by using our databases);
• E-signature and merchants in need of immediate verification of the data presented to them in person (our users would be able to prove credibility of their claims by supporting such claims with verified data on our website);
• Brick and mortar retail shops of at later project stages.

TOKEN VALUE AND FURTHER DEVELOPMENT
 

   In the short term it is expected that token value will grow due to the growing user base and expanding list of partnering merchants. Users will be incentivized to use SFN tokens for their payments due to cashback bonus, merchants will be buying SFN to receive commission free payments. Due to merchants holding the tokens and users buying them to receive the cashback bonus, demand will be going up, supply will be going down and token price should therefore go up. Section 4.2 goes into more details on how beneficial it is for the merchants to save on commission by possessing SFN tokens. N.B.: Since the company shall be working in an extremely fast changing environment and is still under rapid development itself, some features envisioned for the company’s token model, commision size, Referral Program as well as the Registration and Login Pools might become redundant or subject to change in the future. Accordingly, the company reserves the right to change and revise these features, bonuses and incentivization programs as such need materialises and is recognized as such by the management of the company.

Tokens Display

  Having a solitary record for every single online action is just splendid, yet it requires a major scale. Safein's advancement is similar to endeavoring to take care of an issue of chicken and egg – they require a great deal of clients to pull in merchants. Without dealers, they can't get new clients. Safein will utilize its tokens to build the client base and pull in more merchants. Safein stage will remunerate the two clients and venders for the utilization of imaginative installment strategies and answers for Identity administration made by their group.

Token Distribution

 



Funds Allocation


• Developing cryptocurrency wallet and payments functionality
• Obtaining the Electronic Money Institution licence
• Launching fiat deposits and merchant payments in EUR, GBP, USD
• Acquiring first 500 mid- to large-scale merchants
• Administrative, operational and staffing expenditures for 2 years

Safein Token

• 100% free payments for merchants who possess Safein tokens
• Monthly cashbacks for users paying with Safein tokens
• Login Pool to incentivize Safein use among users and websites
• Registration Pool to reward new users• Referral Pool to grow user base rapidly

Token info

Token | SFN
Platform | Ethereum
Type | ERC20
Price in ICO1 SFN | 0.07 USD
Tokens for sale | 300,000,000

Investment info

Min. investment | 0.1 ETH
Accepting | ETH
Distributed in ICO | 30%
Soft cap | 3,000,000 USD
Hard cap | 21,000,000 USD

Safein Roadmap

 

The main team and advisers

 

Reach Safein On

Website : https://www.safein.com/
Whitepaper : https://www.safein.com/summary/safein_whitepaper.pdf?version=1
Twitter : https://twitter.com/safeincom Facebook : https://www.facebook.com/safeincom
Telegram : https://t.me/safeincom

Author by :

Bitcointalk Username: Kartika1
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1964049
ETH Address: 0x941C6ca63C1855a2c4B5aAC13B4729fF816f5fDb