SFP Whitepaper
Updated till April 2023

Disclaimer
The SafePal White Paper has been published and issued by SafePal Wallet for informational purposes
only and is required to be read alongside the Terms if the prospective purchaser plans to use any of theSafePal products. This Whitepaper is a working document and is subject to changes and errors. Anypurchase or use of services from SafePal creates a binding arbitration agreement between SafePal andthe user/purchaser as the Terms are outlined. This Whitepaper does not constitute a prospectus for thepurposes of [Directive 2003/71/EEC, and the amending directive 2010/73/EU] [Regulation (EU)2017/1129], and is not intended to constitute an offer of securities or a solicitation for investments insecurities in any jurisdiction. The purpose of this Whitepaper is to provide potential purchasers with theinformation on SafePal’s ecosystem to allow the purchasers to make their own decision as to whether or
not it wishes to proceed to purchase SafePal Tokens and use any of the SafePal ecosystem of products.

Disclaimer
This Whitepaper does not constitute an offer or invitation, or any other sale or purchase of shares,securities, or any of the assets. Any possession of SFP shall not grant any rights in any form to the user,including but not limited to any rights of ownership, interest, profit, redemption, property or intellectual
property, decision making, or any other such rights, such as any rights of financial or legal nature, inSafePal the corporation or its affiliates. SFP may be used for protocol and ecosystem governance which
has no bearing to the corporation or its affiliates.
Users from the following countries or regions will not be able to participate in the SFP token sales:
Australia, Belarus, China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, Sudan, Syria,
United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands,
Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.

Risks
You acknowledge and agree that there are numerous risks associated with purchasing SFP, holding SFP, andusing SFP for participation in the SafePal Platform. In the worst scenario, this could lead to the loss of all or partof the SFP which had been purchased. IF YOU DECIDE TO PURCHASE SFP, YOU EXPRESSLY ACKNOWLEDGE,ACCEPT AND ASSUME THE FOLLOWING RISKS:
1. Uncertain Regulations and Enforcement Actions
The regulatory status of SFP and distributed ledger technology is unclear or unsettled in many jurisdictions. The
regulation of virtual currencies has become a primary target of regulation in all major countries in the world. It
is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create
new regulations with respect to such technology and its applications, including SFP and/or the SafePal Platform.
Regulatory actions could negatively impact SFP and/or the SafePal Platform in various ways. The Foundation,
the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory
actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially
undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting witha wide range of legal advisors and continuous analysis of the development and legal structure of virtual
currencies, a cautious approach will be applied towards the sale of SFP. Therefore, for the token sale, the salestrategy may be constantly adjusted in order to avoid relevant legal risks as much as possible.

Risks
2. Inadequate disclosure of information
As at the date hereof, the SafePal Platform is still under development and its design concepts, codes, and othertechnical details and parameters may be constantly and frequently updated and changed. Although this white
paper contains the most current information relating to the SafePal Platform, it is not absolutely complete andmay still be adjusted and updated by the SafePal team from time to time. The SafePal team has no ability andobligation to keep holders of SFP informed of every detail (including development progress and expectedmilestones) regarding the project to develop the SafePal Platform, hence insufficient information disclosure isinevitable and reasonable.
3. Competitors
Various types of crypto management platforms are emerging at a rapid rate, and the industry is increasinglycompetitive. It is possible that alternative parties could be established that utilize the same or similar code andprotocol underlying the SafePal Open Wallet Platform and attempt to re-create similar facilities. The SafePalPlatform may be required to compete with these alternative parties, which could negatively impact SFP and/or
the SafePal Platform.

Risks
4. Loss of Talent
The development of the SafePal Platform greatly depends on the continued co-operation of the existing
technical team and expert consultants, who are highly knowledgeable and experienced in their respective
sectors. The loss of any member may adversely affect the SafePal Platform or its future development. Further,stability and cohesion within the team is critical to the overall development of the SafePal Platform. There is thepossibility that conflict within the team and/or departure of core personnel may occur, resulting in negative
influence on the project in the future.
5. Failure to develop
There is the risk that the development of the SafePal Platform will not be executed or implemented as planned,
for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset,
virtual currency or SFP, unforeseen technical difficulties, and shortage of development funds for activities.

Risks
6.Security weaknesses
Hackers or other malicious groups or organizations may attempt to interfere with SFP and/or the SafePal
Platform in a variety of ways, including, but not limited to, malware attacks, phishing attacks, supply chain
attacks, and brutal attacks. Furthermore, there is a risk that a third party or a member of the Foundation, theDistributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core
infrastructure of SFP and/or the SafePal Platform, which could negatively affect SFP and/or the SafePalPlatform.
Further, the future of cryptography and security innovations are highly unpredictable and advances incryptography, or technical advances (including without limitation development of quantum computing), could
present unknown risks to SFP and/or the SafePal Platform by rendering ineffective the cryptographic consensus
mechanism that underpins that blockchain protocol.

Risks7.Other risks
In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks associatedwith your purchase, holding and use of SFP, including those that the Foundation or the Distributor cannot
anticipate. Such risks may further materialize as unanticipated variations or combinations of theaforementioned risks. You should conduct full due diligence on the Foundation, the Distributor, their respective
affiliates, and the SafePal team, as well as understand the overall framework, mission and vision for theSafePal Platform prior to purchasing SFP.

Welcome toThe Gateway of the Web3 Universe

About SafePal
SafePal is the only comprehensive crypto wallet platform thatprovides unique and diversified asset management solutions forinvestors looking for comfortable and confident means to create
wealth on their own terms. Our core mission is to empower
investors toward financial opportunity and freedom in thedecentralized world.
SafePal is the first hardware wallet invested by Binance Labs.
Founded in 2018 by a team of security, data science and hardware
engineers, SafePal has grown substantially in scale and service
offerings. Till today, SafePal offers a comprehensive suite ofhardware, mobile and extension wallets to the masses.

Secure: Sleep Tight with SafePalSafePal offers a full suite of secure and easy-to-use decentralized wallet solutions to protect your private keys.

Hardware Wallet Products for Ultra-security
 100% air-gapped and offline, with no Bluetooth, no WiFi, no NFC or any
other radio-frequencies, keeping your private key offline and secure Mobile-friendly, manage crypto at any time, anywhere, without alaptop or USB cable 1.3’ high resolution IPS screen to display every transaction detail Handy d-pad to navigate conveniently, ideal for crypto beginners
 Supports 15 languages and 56 chains The most competitive price offerings in the niche ($49.99)
 Sold to 196 countries and regions
 Extensive reseller network in 30+ countries* Data is last updated in April 2023.

Software Wallet for Accessible User Experience 100% decentralized, keeping the private keys in the local
cellphone environment
 Import or create wallets via mnemonic phrase, private keys,
Keystore and more
 Takes only one minute to set up, ideal for crypto beginners
 Manages crypto assets and access unlimited DApps at thefingertips
 Supports 15 languages and 100+ chains* Data is last updated in April 2023.

Extension Wallet for Seamless Desktop Experience Manage both EVM and non-EVM compatible chains in one place Always stay connected to DApps across different chains, nomatter which chain you switch to Provides advanced security by linking SafePal hardware wallet or
mobile wallet to the extension
 One click to connect with other wallets such as Metamask,
Trustwallet, Ledger, imToken and more

* Data is last updated in April 2023.

Grow: Scale Your Crypto Wealth
SafePal provides diversified asset management services for users to grow and scale their crypto wealth at fingertips.

Swap and Bridge

Track and Trade Swap aggregator integrating with both DEX and CEXchannels, offering rich options for cross-chain assets
migration

 Never miss a market move by tracking real-time market data Trade at your fingertips with the best liquidity from Binance,MEXC, Bitget, 1inch, 0X and more
 Aggregating both CEX and DEX for smooth trading experiences

Surf and Explore

Invest and Yield

 Explore, browse, bookmark and access your favorite
DApps in one place safely with our DApp FilteringMechanism.
 Discover the friendly tools empowered by SafePal such
as Revoke Manager, LP Center and more

 SafePal Earn: A built-in DeFi yield aggregator that eliminates thehassle of DeFi staking investment
 Wallet Holder Offering and Giftbox: Exclusive programs offering
early investment opportunities to emerging blockchain projects

Product Roadmap

We Go Beyond as a Wallet
SafePal as the user onboarding bridge for public chains SafePal provides comprehensive wallet support for our blockchain partners, including
their mainnets, native coins, token standards, decentralized applications and NFT standards.
 On top of that, we offer a full suite of education content guiding users among theseblockchain ecosystems to secure their crypto assets.
 SafePal also partners with blockchain foundations to boost their ecological growth bysupporting their early-stage projects.

SafePal as the user acquisitional gateway for projects
 With a large and active user base, SafePal has become one of the mostinfluential user-acquisitional platforms for blockchain projects to educate,acquire and convert real and high-quality crypto users.
 We have built successful quest campaigns for more than 30 projects,covering DeFi, NFT, DEX, CEX segments and more.

... ...

SFP
The growth engine that fuels the entire SafePal ecosystem

About SFP
SFP is the native cryptocurrency issued on the BNB Chain¹ to power theSafePal ecosystem and govern the community. Its total supply is 500
million and the circulating supply is 300 million as of October 31, 2022. On
February 8th, 2021, SFP was launched as the first IEO project on BinanceLaunchpad in 2021².
Till October 2022, SFP is listed on more than 20 CEX and DEX including
Binance, PancakeSwap, Kucoin, Bybit, Bitget, MEXC, Gate.io, Biswap andmore³. SFP is also available for payment and checkout on the SafePal
website and Binance Pay platform⁴.

Foundation Reserve

20%

Team

20%

Community & Airdrop

15%

Product & Marketing

15%

Seed Sale

2%

Public Sale

10%

Private Sale

4%

Strategic Sale

9%

Ecosystem

5%¹ SFP on BNB Chain Explorer: https://bscscan.com/token/0xd41fdb03ba84762dd66a0af1a6c8540ff1ba5dfb² SFP was listed as the first IEO project on Binance in 2021: https://www.binance.com/en/support/announcement/3a599775d4474e299c3aed3455e12478/³ SFP on CoinMarketCap: https://coinmarketcap.com/currencies/safepal/
⁴ SFP available for checkout on Binance Pay: https://pay.binance.com/en/merchant-stores?tab=featured

SFP Key Utilities
 Fees & Discounts

Users may use SFP for fees and discounts on the SafePal products and services including but not limited to:• fees or discounts on purchasing SafePal Hardware Products including wallets and accessories¹• fees for submissions to list new DApps• fees for submissions to list new Tokens• fees for DApps ranking within the DApp store• fees for publishing AD banners within the App• fees for customized hardware wallet solutions²• fees for future services such as the collectible marketplace¹ SFP is available for check-out on the SafePal website (available from January 2022).
¹ Users enjoy limited discount on SafePal products in the Binance App mini-program by paying with SFP (available from October 2022).
² Partners ordering SafePal custom products can already pay with SFP tokens (available from January 2022).

SFP Key Utilities Asset Management• SafePal users can stake SFP to yield extra interests from the SafePal Earn programs¹.
• Users can exchange for gas fee tokens easily using SFP via the Gas Station feature within the SafePal App².

 Exclusive Bonus & Candies
SFP token holders have the privilege to:• enjoy special coupons and privileges from SafePal and its partners³• enjoy exclusive access to airdrops launched in SafePal such as Wallet Holder Offering and Giftbox programs⁴• claim special collectibles from SafePal and its partners⁵• unlock exclusive SafePal product features such as VIP title, custom avatar, leaderboard in the future updates¹ Available from October 2021
² Available from June 2022
³ Available from July 2021
⁴ Aailable from March 2021

SFP Key Utilities
 Ecosystem
SFP will be the key driver of the SafePal Open Platform to provide open-sourced hardware wallet solution for
the industry so that developers can:• integrate QRcode communication protocol into their systems (Dapps, wallets, etc.) to easily onboard
secure and user-friendly hardware wallet solutions• build custom applications based on the SafePal hardware architecture and utilize the solution indiversified user cases such as F2U

SFP will be the core element knit into
every SafePal experienceOwn Your Crypto Adventure