Singapore, Thursday, August 29, 2024 – SafePal, the leading multi-chain wallet provider on August 21 announced the launch of SafePal Plus or SFPlus, a staking DApp and hub designed to enhance the utility of its native SFP token.
It said that SFPlus offered users a flexible staking experience with no lockup period.
According to the SafePal Bolg the users can stake or unstake any amount of SFP at any time to earn score privileges within the SafePal ecosystem.
These privileges include upgrading account tiers for the SafePal CeDeFi banking gateway, which provides access to crypto-friendly banking and payments through Visa, PayPal, Apple, and Google Pay.
Additionally, SFPlus features airdrop reward pools where users can participate with project partners to earn additional benefits. SafePal recently partnered with The Open Network (TON) to launch a campaign focused on Soul-Bound tokens (SBTs) to onboard users from the TON and Telegram ecosystem.
SFP, the native token of SafePal, is currently trading at $0.7367. While it has seen a 51% increase in value over the past year, it is still down 82% from its all-time high of $4.19.
SafePal emphasizes that SFPlus aims to strengthen SFP’s utility and provide a safer interaction method for Web3 users.
Founded in 2018 and backed by prominent investors, SafePal supports over 100 blockchains and has a user base of more than 15 million worldwide.
The announcement can be reached here.
