Safein : Digital Identity Payment Wallet

What is Safein?
Safein is built by a great architecture to allow users to keep their properties, as well as currencies and secrets in open accounts on our platform. Safein will go into various business areas where the combination of having all of the above brings benefits to the users online and offline. Safein's top priority is to remove too many KYC registrations and procedures.

At the same time, Safein will standardize crypto payments on all ecommerce sites. Currently, no large-scale Payment Service Provider accepts fiat and crypto payments. Safein will solve this problem by allowing users to pay for their items directly using their Safein wallet regardless of the currency in the account.

Safein has just released our MVP which can be tested on their website. This allows you to create an account, verify and add it to your mobile device and try to subscribe easily to some of our demo sites. The whitelist of Safein will start on March 1. The only current TGE with their live MVP version, this is great. You can try MVP here on the Safein MVP Registration page.

As we see the rise of e-commerce, the industry is still facing improvements as concerns about data protection, network security, money laundering and the monopoly of many industries. different. One can assume that the internet is designed without a layer of identity, noting that the daily movement has become a big struggle, having to use your passport on most investment sites.

There is nothing better than the view of a merchant. Market research shows that new users can charge an online service provider up to $ 20 per new customer to join, with a total of annual bulls for guaranteed over-identification. EUR 3.5 billion in the United Kingdom alone. Worse yet, there should be other good luck to collect, manage and store the collected personal data correctly.

Mission
This stage is helpful to both client and shipper. Right off the bat, clients will without a doubt welcome the finish of rehash enrollments, KYCs and secret key recuperations, supplanted by moment get to allowed by our multi-factor validation arrangement. Moreover, not having excess records gives more prominent security and information insurance, both of which are profitable to any shopper. At last, the capacity to effectively direct installments in any picked medium has for some time been wanted by the market - Safein will likewise fulfill this need to permit a completely consistent installment encounter for every one of its clients and dealers.

The Mission
Safein is a single sign-on digital identity and payment wallet, the platform is about to revolutionize the way we pay, register, and complete identity authentication, with just one click. With Safein, the user is always in control, able to anonymously login to the online platform, allowing users to have complete control over how they spend, able to revoke access permanently with a single click. The platform will allow users to see your entire activity history, including registrations, logins, and payments.

Once users have logged into the platform, they are able to make payments without providing any extra information. Store your money in traditional currency or any crypto in fact. The platform will automatically convert and deliver funds in the merchants preferred way. Since every payment processed is within the boundaries of the platform, they work in an instant, with minimal fees.

Vision
Vision of this undertaking is now in advance and clients will soon have the capacity to experiment with a completely practical MVP on our site and destinations of our collaborating sites. Past further improvement of the stage itself, our group is right now buckling down on growing the organization's system of accomplices, names of which will be reported at the appropriate time. The way toward getting an electronic cash permit in the EU is additionally in advance.

Advantages Safein
We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by/from:

Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;
The end of management and recovery of numerous user accounts with different passwords;
Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;
Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;
Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;

MULTI-FACTOR AUTHENTICATION MECHANISM AND DIGITAL IDENTITY MANAGEMENT
Security must be a primary focus while managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the very beginning. While integrating Safein, each merchant will be able to choose a minimum security level that he requires from its users. For example, merchants can ask that all logins to the merchant’s website and all payments must be confirmed by user on his mobile device - i.e. (i) a push notification shows up, (ii) user must identify himself via pin code or fingerprint on his mobile Safein app and (iii) approve login or purchase. User (in his panel) can also enhance general security levels for each website individually. For example, even if a specific website does not require mobile device confirmation for website login, a user can always enhance his security level by enabling that requirement himself.

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.

DIGITAL WALLET AND PAYMENTS
Safein is planning to be a fully licensed 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 cryptocurrencies, 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) license will allow Safein to connect 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

KYC PROCEDURE ENGINE
Safein team is currently in talks with the world’s leading automated ID verification service provider to provide exceptionally accurate results using its AI-powered document checking algorithm. Such checks, where users will only need to scan their IDs with their cameras and take selfies, will be sufficient for most uses. Some advanced verifications, where users need to comply with very specific regulations (for example, some cryptocurrency exchanges), will be done manually by the Safein team. It could take up to few minutes, but compared to current waiting periods of weeks for some exchanges, it is still a radical improvement, especially keeping in mind that users will only need to do it once.

How Does Safein Work?
Some of the core features of Safein include all of the following:

Pay with Fiat or Crypto: Once you’re logged in with Safein, you can make payments without providing any extra information. You can store your money in traditional currencies – fiat currencies – or any cryptocurrency. Safein will automatically convert and deliver funds in the merchant’s preferred way. Every payment is processed within the boundaries of Safein, making them instant, secure, and cheap.
Control your : Safein lets you control your data, which means you always know what websites know about you. You can login online anonymously or only share data that the website really needs. You don’t have to go through a complex login process and enter the same data every time you sign up for a new online service. Plus, you can revoke data access permanently with a single click.
Easy Dashboard: Safein has a web panel where users can control their access privileges. You access the panel through a mobile app or web browser. Through this panel, you can view your entire activity history, including registrations, logins, and payments.
Get Access to Websites with a Single Click: Safein allows users to sign up and login to new websites with one click. You can avoid tedious registrations and passwords. After you approve (with a single click), Safein will deliver your data to new websites on your behalf.

Safein Architecture

Buyer Protection Mechanism
Most merchants are well aware of issues arising from credit card and cheating refunds. One of the biggest advantages of crypto payments is that it can not be changed anymore. In e-commerce standards, merchants are considered as a more trusted party, therefore buyers need to send payments first. Resolution mechanisms of dispute resolution and dispute resolution were created to help buyers recover funds from merchants who failed to deliver the goods or delivered them in an unsatisfactory manner. However, these mechanisms have recently been abused by fraudsters and scammers in the opposite way.

TOKEN MODEL
The idea of having a single account for everything you do online is simply brilliant, but it requires a large scale. Developing Safein is the same as trying to solve the chicken and egg problem - you need a lot of users to attract merchants, and vice versa. Without merchants you can not acquire new users. Safein will leverage its tokens to grow its user base and acquire merchants. Use of the Safein platform will reward both users and merchants for using innovative payments and identity management solutions created by our team.
Free payment process for SFN holders
Each Safein user activity is rewarded with SFN
The growth of the user base is rewarded with cheap referrals in SFN

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 a Soft cap, all contributions will be returned to their original owners.

N.B.: all values indicated in ETH in this chapter are subject to change before the start of the ICO in case of large fluctuations in market price of ETH.

Token Detail
Token : SFN
Platform : Ethereum
Type : ERC20
Price in ICO1 SFN : 0.07 USD
Tokens for sale : 300,000,000
Min. investment : 0.1 ETH
Accepting : ETH
Distributed in ICO : 30%
Soft cap : 3,000,000 USD
Hard cap : 21,000,000 USD

Token Distribution