SafePal Token (SFP) is the native utility and governance token of SafePal, a cryptocurrency wallet company founded in 2018. It runs on BNB Smart Chain (BEP-20), with additional deployments on Ethereum and Energi.
SafePal offers hardware wallets, mobile and browser-extension wallets, and a Telegram mini-wallet, supporting self-custody storage, DeFi trading, NFT transactions, and DApp interactions across multiple blockchains. As of 2026-08-31, SFP traded near $0.2639 with a market capitalization of approximately $131.0 million.
SafePal differentiates itself through its combined hardware-plus-software wallet ecosystem, reporting over 10 million users, and backing from Binance and Animoca Brands as strategic investors. The SFP token captures this reach by gating governance rights and product perks across that user base rather than a single app.
Recent integrations — Polymarket prediction-market trading, Morpho stablecoin vaults, and a Telegram mini-wallet with a banking gateway and card products — extend SFP's utility beyond storage into trading and payments, broadening where the token is actively used.
SFP functions as both a utility and governance token.
As a governance token, holders vote on ecosystem decisions such as new feature additions and blockchain integrations, and on allocating funds from a community treasury, with one SFP reportedly equal to one vote. A minimum stake of 500,000 SFP is described as the threshold to submit a governance proposal. This governance function is company-described rather than verified through an on-chain DAO, published governance forum, or on-chain voting contract.
SafePal Token (SFP) has a fixed supply of 500,000,000 tokens, all of which are already in circulation — circulating supply equals total and maximum supply, with no further scheduled unlocks.
Net emission is neither inflationary nor deflationary, consistent with a fixed, fully circulating supply.
SafePal Token (SFP) launched through a Binance Launchpad initial exchange offering that ended February 8, 2021, selling 50,000,000 SFP (10% of total supply) at $0.10 each for $5,000,000.
Total funds raised across all rounds were approximately $7.26 million. The token launch occurred in 2021, three years after SafePal's 2018 founding.
SafePal Token (SFP) is deployed natively on BNB Smart Chain (BEP-20).
Additional token deployments exist on Ethereum and Energi. SafePal itself does not operate its own blockchain or validator set; it is a wallet application built on top of these existing networks.
SafePal was founded in 2018 by Veronica Wong, who serves as CEO and Co-Founder, along with two co-founders; she previously worked at large technology companies, including Tencent.
Strategic backers include Binance and Animoca Brands, who are cited as investors in SafePal rather than as members of the founding team.
SafePal is developed and maintained by the SafePal company, a crypto wallet business founded in 2018 offering hardware wallets, mobile and browser-extension wallets, and card products.
It operates as a private company rather than a foundation or DAO, backed by Binance and Animoca Brands as strategic investors. SafePal reports over 10 million users across its wallet products and maintains an official presence at safepal.com and on GitHub under SafePalWallet.
SafePal's governance is described as token-based rather than run through a verified on-chain DAO. SFP holders can reportedly vote — one token equal to one vote — on ecosystem decisions such as new feature additions, blockchain integrations, and allocation of funds from a community treasury.
Submitting a governance proposal reportedly requires staking a minimum of 500,000 SFP. No published governance forum, Snapshot space, or on-chain voting contract was found, so this process should be treated as a company-described utility rather than independently verified on-chain governance.
SafePal's 2024-2026 development has focused on expanding SFP utility into trading and payments products.
An independent security review is pending following an August 2026 data-exposure incident, as part of SafePal's response.
CertiK has audited SafePal four times, most recently on February 1, 2024, covering a staking smart contract. The audit found 1 Major, 1 Medium, and 1 Informational issue, with one resolved and two acknowledged. CertiK's Skynet security score for SafePal is 87.61 ("AA" rating).
On August 16, 2026, SafePal disclosed a breach exposing personal information — not funds or private keys — for about 40,000 customers via an e-commerce system flaw. Holder concentration is elevated: the top 10 wallets control 86% of SFP supply, and liquidity relative to market cap is flagged as high risk.
