We are on the age of 21st century with the modern science and technology in the digital ecosystem of the crypto world. The digital ecosystem as well as the crypto world both is developing day by day for the invention of the blockchain technology and internet protocol. The blockchain technology and internet is giving us different project and idea platform in the digital ecosystem. Most of the platform in the digital ecosystem contributing their own token or coin in the cryptocurrency world as their platforms own currency. These platforms are giving different services and products for the user of the platform and its investors. They are funding on their platform by the ICO program of the platform. The Safein is one of these platforms.
The Safein is a blockchain technological platform of digital identity and payment wallet. This platform is an opportunity and benefit for both users as well as merchants. We can know more about this platform from their web site. Their web site is https://www.safein.com . They are offering for users who will undoubtedly appreciate the end of the repeat registrations. This platform is not only giving opportunity to the user but also giving opportunity to the merchants of the platform. This platform is significantly reducing merchant costs for user on boarding as well as verification. This platform is helping them by increasing trust as well as conversion rates. They are also protecting them from accidental breaches of increasingly complex data protection regulations as well as processes. This platform will enter across 3 market verticals. Their total number of merchants as well as users wallets respectively estimated to reach 3, 600 million as well as 1.7 million by end of 36th month in operation. This platforms ICO will start on 25th of April of 2018. This platforms cumulative monthly growth rate is estimated to 18% - 20%.
Problems solutions of the Safein platform:
Now a days e-commerce is growing rapidly. This industry is still ripe for improvements as growing concerns which is mounting over data protection, cyber security, money laundering as well as monopolization of numerous sectors. The Safein platform thinks to fix this by embracing a modern way of managing out online identity as well as shopping experience.
Problems are given below:
- Poor user experience and poor e-commerce: At present our ecosystem is facing poor user experience and poor e-commerce problem. User is facing signing up problem in the internet for registration.
- Lack of transparency: The user of this industry is facing lack of transparency in how user data is managed in the existing platforms.
- Threats to online security: This industry is facing threat to online security. Security is the main element in this industry. Without security no one will believe this industry. The merchants are storing more and more consumer data that is value to cyber criminals. This industry is facing loss of client data from hacking and in this industry online leakage doubled in year after year.
- Barriers for regulated businesses: Our business online does not shield us from most of the requirements imposed on brick & mortar merchants. They are requiring regulations intended for consumer & data protection as well as tax collection work for the cyber and real worlds which is almost identically. However, not all commerce is the same and some of it is subject to extra scrutiny. We are talking here of licensed businesses such as pharmacies, financial brokers, beverage stores, casinos, etc. These are the businesses whose if run badly that could hurt the society. They are required to adhere to higher standards in order to protect both consumers and communities.
- Absence of universal e-wallet: This industry is facing absence of a universal e-wallet problem. This industry has inefficiencies of signing up as well as signing in problem which are widely debated in this industry. In the existing platform, there has more than one signing in system in the online process of buying.
Solution of the Safein platform is given below: - Combining: This platform is combining the better of two worlds. They are combining the merchants world with the user world with their way of technology. They are giving important to finally enable their customers to proper security of personal data which is used for e-commerce and shopping anonymously. This platform is giving believe to its user and merchants that instant access to payment for services without any delays as well as deposit transfers.
- Safein architecture: This platform is giving a strong architectural platform. They will allow users to store their identity in this platform. They will also allow users crypto as well as fiat currencies in accounts opened in this platform. we can understand Safeins architectural trisection by the given standard path chart:
3 Digital wallet and payments: The Safein platform is giving digital wallet and payments system on their platform. They are planning to be a fully licensed EU electronic money institution which will have the ability to receive as well as process payments in full compliance.
4 Single sign-on: This platform is giving single sign on system on their platform. They are providing a unique solution for both user and merchants in there platform. On this platform, users can be able to login into the Safein web site directly without any registrations. If a user signed in to this platform would not disclose data line users name, address etc but this platform will provide only the required name of the user.
5 Multi factor authentication mechanism and digital identity management: This platform is giving multi factor authentication mechanism and digital identity management system to the user of this platform. As a result this platforms security will become stronger and safe.
6 Moreover of above, this platform has KYC procedure engine, buyer protection mechanism and MVP.
The Safein platforms token processing system:
This platform is offering tokens for the funding of the platform. They are offering SFN token for the ICO program of the platform. On this platform, the Safein will be able to reduce their transactions fees that are holding SFN tokens for merchants using. This platforms total supply of tokens is 1, 00, 00, 00, 000 SFN tokens.
Pre ICO:
This platforms pre sale of ICO processing is given below:
The Safein platforms pre sale of ICO will start in April 3 of 2018 and will end in April 24 of 2018. The Hard cap of ICO program in this platform is 2, 000 ETH for pre sale. The minimum contribution of this platform for pre ICO program is 0.1 ETH for pre sale. On this pre ICO event total token will be sold 2, 25, 00, 000 SFN for pre sale in the platform. They will give 71% bonuses up to in this pre ICO program for pre sale.
Main ICO:
This platforms main ICO processing is given below:
The Safein platforms main ICO will start in April 25 of 2018.
Their main ICO of main sale of token will be end in May 25 of 2018.
This main sale of the ICO programs soft cap is 6, 000 ETH with pre ICO included as well as hard cap in 40, 000 ETH.
Their minimum contribution of the platform in main sale of the ICO program is 0.1 ETH.
They will sale in total in this main sale of ICO program is 30, 00, 00, 000 SFN tokens.
At the end of the above explanation we can say, the Safein is a decentralize platform of blockchain technology. They have dynamic smart contract for the user of the platform and merchant of the platform. We can trust this platforms wallet and transaction process.
We can know more about this platform from the given under the websites:
Company Website: https://www.safein.com /
Whitepaper Link: https://www.safein.com/summary/safein_whitepaper.pdf
Telegram Group: https://t.me/safeincom
Facebook Group: https://www.facebook.com/safeincom /
Twitter Pages: https://twitter.com/safeincom
BitCoinTalk Thread: https://bitcointalk.org/index.php?topic=2903156.0
Medium Blog: https://medium.com/safeincom
Riddit Blog: https://www.reddit.com/r/safeincom /
YouTube Channel: https://www.youtube.com/channel/UCErwG8SaM-_Pb3Y6A-ZvV9A
Linkedin Group: https://www.linkedin.com/company/safeincom