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

Safein is a blockchain-based single sign-on digital wallet ensuring security, comfort and trust for our customers. With Safein, users can easily demonstrate their true identity online where needed, make instant payments as well as control the extent of their personal data given out to various service providers.
A REAL-WORLD SOLUTION FOR REAL-WORLD PROBLEMS'

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

Safein is a game-changer because of:

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

Safein's growth roadmap is based on:
Establishing our user base by moving from sector to sector and improving user experience in such sectors: first in crypto business, gaming, financial services, then moving to e-commerce and widespread adoption.

for user, Safein means:

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

With Safein, users will not only be able to fully control their logins and actions, but track and manage them as well. Users will be able to see their full activity history, including logins and payments, track their used devices, manage current active login sessions and cancel them at any time. Users will also be able to easily check which website has access to certain data. Most of the functionality related to identity management is already available in the MVP.

For merchants, Safein brings:

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

Standard Safein e-commerce commission for merchants will be 1%. Merchants who possess Safein tokens will be able to receive part of their payments free of any commission, and users who pay with Safein tokens will receive 0.25% cashback on every purchase. More on these Safein token benefits can be found in the “Token model” Section.

Digital Wallet and Payments
Safein is planning to be a fully licenced EU electronic money institution with the ability to receive and process payments in full compliance with the law. Users will be able to hold their crypto and fiat currency in a single wallet as well as convert them from one to another. Major crypto currencies, including Bitcoin, Ethereum ERC20 tokens, and other popular cryptocurrencies will be supported. Currency exchange functionality, for crypto and fiat, will be standard for all currencies with 0.5% markup from the best available rate in the market. Having an EU electronic money institution (EMI) licence will allow Safein to connect to the SEPA network and give IBAN codes to all of our users. Having that available, Safein will be one step closer to becoming a standard instrument for daily use. Additionally, Safein plans to have payment cards linked to users’ accounts, so users will be able to use their Safein accounts daily both online and offline.

Safein token features :

• 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
Referral Program
Safein allocates 5% of its total token supply for its Referral Program. Users who invite their friends to register on Safein will be rewarded the same amount of Safein tokens that the new user is rewarded from the Registration Pool. For more details please see the Registration Pool section. Referred users will only entitle their friends to referral bonuses if they fulfill all of the below within 90 days from registration:

Fully verified account and identity;
At least $10 worth of crypto or fiat currency deposited;
At least $10 spent on goods or services.

Not many people know that PayPal’s referral program was a key factor to its success. PayPal has spent about $60,000,000 on their referral program and achieved 7-10% daily growth in the early 2000s. Its referral program was a key to their user base growth to 100 million users. Safein will use the same strategy and grow its community faster than any other crypto project.

The Safein Referral Program is planned to be launched within 6 months of completion of the ICO, however, not before the launch of payments.

Token Distribution

ICO

Should any part of the tokens allocated to ICO not be distributed during the ICO, such tokens will be returned to the company and added to its reserve for further development. In case of failure to reach Soft cap, all contributions will be returned to their original owners.

The Safein ICO will be distributing 10% of the total token supply to cover the below costs: Further development of our product;
Crypto payments functionality;
Smart Contracts for Login Pool;
Safein payment solution with internal transaction processing system;
Acquiring EMI licence;
Onboarding at least 500 merchants
ICO expenses and marketing.