SafePal is a crypto wallet backed by Binance Labs, that provides secure crypto management across 20 blockchains, including Ethereum and Binance Smart Chain.
The SafePal Token (SFP) was introduced as a method of reward for the wallet holders. The February giveaway amplified the SafePal importance in the crypto ecosystem, distributing SafePal Tokens (SFP) to all the participants. My airdrop was massive, receiving 373.89 SFP.
SafePal Wallet - Holder Offering for Tokocrypto (TKO)
SafePal first Wallet Holder Offering (WHO) took place in March, in partnership with Tokocrypto, the number one cryptocurrency asset digital exchange in Indonesia. SafePal users were invited to complete tasks and earn from a 2,000,000 TKO reward pool and share $100,000 worth of SafePal Tokens (SFP).
This campaign ended on the 28th of March and the reward will be transferred to the BSC address after the TKO listing. The Binance listing is planned for the 4th of April, when the Launchpad tokens will be distributed to the participants. I completed some of the challenges which will allocate me 1.1 shares of the reward pool, 7.812 TKO and 0.1232 SFP.
SafePal Wallet - Holder Offering for OpenOcean (OOE)
The new Wallet Holder Offering available on SafePal is for OpenOcean (OOE). It can be found in the DApp tab and requires whitelisting.
The OpenOcean campaign started on the 1st of April and whitelisting is mandatory to earn rewards. The two ways to become eligible is to have 300 SFP in the wallet or to link a new OpenOcean account and pair it with a S1 SafePal hardware wallet.
I moved my SafePal tokens from Binance to become whitelisted, and the snapshot automatically validated my wallet for the holding offering. OpenOcean has Binance as a strategic investor and offers one-stop cryptocurrency trading on various DEXs and CEXs. The engine will automatically find the best price and the lowest slippage.
The most rewarding task was to complete four valid transactions on OpenOcean through the SafePal wallet. The total transaction volume must be $100 or more to be able to claim 3 shares of the reward pool. I found this one to complicated and skipped this challenge.
I managed to complete the referral task, and both Twitter and Telegram challenge. They summed up to 0.6 shares of the reward pool, but considering the whitelisting criteria, it's possible that the reward to be consistent as not many matched the demands. The OpenOcean (OOE) allocation should be calculated this week. After the claim will become active, I will move the SafePal Tokens (SFP) back on Binance where I can use them across the BSC in case any opportunities will become available. I know I can use BSC from the SafePal Wallet but I prefer them on Binance.
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Will try out SafePal. It's available only as mobile app or I can use it through the website as well? Cheers!