Safein  — Review of ICO

Safein is a special electronic wallet, thanks to which you will have the possibility of single sign-on to any resource with maximum speed, reliability and convenience in use.

About the Platform:

That is, you can enter the password once for any online store and online payment, which will greatly improve the quality of e-commerce for both buyers and sellers.

The problem now is that online shopping has remained at a low level of development, with weak data protection, problems in cybersecurity, the monopolization of many e-commerce sectors and multiple authorizations most online store sites. Often people forget their passwords because of what you need to go through a re-registration or use password recovery systems that delivers a lot of nerves and unnecessary loss of time.

With the Safein platform, online shoppers can verify their identity without long registrations or checks, know that their data is protected and have full and instant access to all payment systems.

In addition to the benefits for buyers will be their own benefit for the partners and sellers of the program. First, the platform will have a minimum commission for making purchases in electronic stores. Secondly, the platform will not need to be particularly spent on constant checking of users when registering and making purchases. Third, sellers will have direct access to crypto-currency payments, which will attract crypto enthusiasts to their online stores. Fourthly, if there are platform tokens on the purse of the seller, he will be able to process payments without commission. All these advantages will undoubtedly attract many online stores to use the Safein platform.

Tokens Platforms and their Sale:

Tokens will be used for various functions by both sellers and buyers. In total, 1 billion tokens are generated. On account of the distribution of tokens, we can say the following: 39% will go to the reserve company for a period of three years with a gradual distribution. 30% will be sold during ICO. 10% is allocated to the team and platform advisers. 10% of the Platform Registration Pool. 5% on the input pool and 5% on the referral program. 1% per aircraft.

Distribution:

On account of the distribution of collected funds for three years, we can say the following: in the first year, 41% will go on developing the product itself and the IT infrastructure, 32% for marketing, 9% for administration, 13% for operating expenses and legal expenses, and 4% as revenue from activities. In the second year, the distribution will be as follows: 28% will go for the development of the product itself and the IT infrastructure, 32% for marketing, 12% for administration, 10% for operating expenses and legal expenses, and 18% for platform revenue. For the third year, the distribution will be as follows: 19% will go for the development of the product itself and the IT infrastructure, 28% for marketing, 9% for administration, 5% for operating costs and legal expenses and 39% for platform revenue.

Roadmap:

At the expense of the plan for the development of the platform, we can say the following: In the second quarter of 2017, the concept of the platform appeared. In the 4th quarter, an application with basic functionality was developed. In the 1st quarter of 2018, an information document was created, the sale of tokens was prepared and fully automated ID verification was provided. In the 3rd quarter, the application will be open to the public and integrated with the first customers. Also, you will have access to the “know your customer” services using the platform. In the 4th quarter, the storage of information is completely decentralized with the use of blockchain technology. In the 1st quarter of 2019, the platform plug-ins will be launched. In the 3rd quarter, the platform will begin cooperation with other verifiers to combine information and cooperation.

In conclusion, I want to say that the idea of the project is quite promising. The platform already has partners, and you can also try the alpha version to fully understand the way it works. Also, for a more detailed introduction to the platform, I suggest that you familiarize yourself with the information document. Now it remains to wait for the full launch of the Safein platform and start using it. Good luck!

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