Rapid growth of e-commerce remains unstoppable. However, the industry itself is still ripe for improvements as growing concerns mount over data protection, cybersecurity, money laundering and monopolization of numerous sectors. Moreover, shopping online is not only troublesome, it’s also redundantly complicated. Think, for example, of all the repeat registrations, verifications and password recoveries trailing the daily online customer experience.
We believe that outdated technology is to blame for almost all of these problems. Accordingly, we think it’s about time to fix this by embracing a modern way of managing your online identity and the shopping experience.
Solution
Safein platform is uniquely beneficial for both users and merchants. First, users will undoubtedly appreciate the end of repeat registrations, KYCs and password recoveries, replaced by instant access granted by our multi-factor authentication solution. Furthermore, not having redundant accounts provides greater security and data protection, both of which are valuable to any consumer. Finally, the ability to easily conduct payments in any chosen medium has long been desired by the market - Safein will also satisfy this need to allow a fully seamless payment experience for all its users and merchants.
Merchants also benefit with our platform as Safein significantly reduces merchant costs for user onboarding and verification. Furthermore, Safein reduces transaction fees and can remove the problem of having to manage lost passwords for the customer support.
Merchants also get easy access to crypto payments at one of the lowest commission fees in the market with a completely free identity verification tool. Moreover, merchants who possess Safein tokens in their wallet will be able to process payments with no commission. Our platform will also help them increase trust and user conversion rates as well as protect them from accidental breaches of increasingly complex data protection regulations and processes.
Benefit of Safein
Multi Factor Authentication Mechanism and Digital Identify 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.
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.
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.
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.
Token Model
- Free payment processing for merchants holding SFN
- Each activity of Safein users rewarded with SFN
- User base growth incentivized with generous referral rewards in SFN
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
• 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
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.
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.
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.
ICO funds allocation
• Developing cryptocurrency wallet and payments functionality
• Obtaining the Electronic Money Institution licence
• Launching fiat deposits and merchant payments in EUR, GBP, USD
• Acquiring first 500 mid- to large-scale merchants
• Administrative, operational and staffing expenditures for 2 years
Roadmap
Team
Vladas Jurkevicius - Business | Co-founder
Vladas has more than 5 years of experience in developing fast growing e-commerce companies where he was able to utilize his expertise in online projects by putting together and managing top talent teams and establishing key partnerships. After founding and exiting a few highly successful esports and online games related projects he is now building a unique identity and payments management solution.
Lukas Deksnys - Operations | Co-founder
Lukas has worked as an actuary for one of the largest UK insurers, Liverpool Victoria, and was a member of Institute and Faculty of Actuaries. His areas of expertise include finance, risk management and advanced statistical modelling. Now his interests have shifted to blockchain technologies and startups.
Audrius Slazinskas - Legal | Co-founder
Audrius is an attorney-at-law specializing in the fields of e-commerce, gaming, corporate, M&A, finance and data protection. Legal experience and industry knowledge allows Audrius to spot market inefficiencies caused by the changing environment and quickly address them with practical solutions.
Pierre Roberge - Cyber Security
Pierre is an 11-year veteran of the Communication Security Establishment Canada (CSEC), Pierre led advanced technical teams tasked with protecting Canada’s national interests in cyberspace. While the majority of Pierre’s projects remain classified, Pierre established a strong reputation among ‘5- Eyes’ nations as a leading expert and innovator in cyber intelligence operations.
Jonas Tirevicius - Senior IT Project Manager
Jonas has more then 10 years’s experience in software development business. He first started as an IT project manager in one of the Swedish capital bank.
Bogdan Kustan - Senior Development Team Lead
Bogdan has 10 years’ experience of software programming. He has contributed to many different projects of various scope and fields.
Ilya Teresin - Senior Ethereum Blockchain developer
- 2 years of experience with Smart Contract development technological stack (Solidity, Node.js, Web3, Truffle)
- Smart Contracts unit-testing
- Experience with different Ethereum Nodes (Geth, Parity)
- Golang knowledge
- Experience with Ethereum libraries (P101, Whisper, Swarm)
- P2P technological stack (node discovery)
- More than 20 Smart Contracts with complicated logics for ICO prepared by me (smartmesh.io, narocoin.com, jibrel. network, status.im and others)
- Experience with customising open-source solutions
- A documentation-oriented person who is very careful with details
Dr. Vilius Benetis - Cyber Security
Dr. Vilius is a digital security professional with focus on securing digital environments.
Vilius Semenas - Business Development
Vilius is the Chief Commercial at CoinGate, one of the largest payment processors in the area of blockchain and cryptocurrencies.
Joseph Borg - Regulatory
Dr. Joseph F. Borg is an advocate, acting currently a Senior Advisor to WH Partners, practicing mainly on Gaming, Blockchain, Esports, Corporate, IT, Telecoms and Intellectual Property Law.
Marius Miskinis - Finance
Marius spent most of his career in fast-pace environments: in management consulting - delivering complex strategic, operational and change management projects for corporate and startup clients in CEE, EMEA, USA, etc.
Justas Brazauskas - UX/UI/Data
Justas is a Web Specialist with more than 5 years of experience in developing and managing of e-commerce projects and data analysis.
Whitepaper : https://www.safein.com/summary/safein_whitepaper.pdf
Facebook : https://www.facebook.com/safeincom/
Twitter : https://twitter.com/safeincom
Telegram : https://t.me/safeincom
Username Bitcointalk : Ridwan.P
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=795655
ETH : 0x8A67E2C8b994B32d73fE24C85dDAb3C88080c2E1
Tidak ada komentar:
Posting Komentar