SafePal (SFP) Exchange

About SafePal

SFP is the utility token of SafePal, a self-custody crypto wallet company founded in 2018 and the first hardware wallet Binance Labs invested in. SafePal builds air-gapped hardware wallets, the S1 and X1 models, that sign transactions offline through QR codes and never connect to the internet, paired with a software wallet and browser extension that support many blockchains and tokens. SFP launched in February 2021 through Binance Launchpad and ties SafePal's product suite to its user base. Holders pay reduced fees on SafePal products and SafePal Swap, stake SFP through the SFPlus dapp to earn rewards with no lockup period, and qualify for the Wallet Holder Offering, an airdrop mechanism that distributes partner project tokens to stakers. Governance runs on a stake threshold: holders with at least 500,000 SFP can submit proposals and vote on treasury allocation and which new blockchains the wallet adds. A Gas Station function inside the wallet lets users convert SFP into gas tokens for chains where they hold no native balance. The token issues on both BNB Chain and Ethereum, with BNB Chain as the primary deployment.

SFP tokenomics

SFP has a fixed total supply of 500 million tokens, fully in circulation, so market capitalization and fully diluted valuation are identical and no vesting unlocks remain to dilute holders.
Total supply — 500,000,000 SFP, fixed, fully circulating as of November 2026, according to CoinGecko
Market data — market capitalization of about $102 million and a price of about $0.20 as of November 2026, according to CoinGecko; the all-time high was about $4.19 in February 2021
Token utility — fee discounts on SafePal products, staking rewards through SFPlus, Wallet Holder Offering airdrop access, and Gas Station conversions
Governance — a 500,000 SFP minimum stake to submit proposals and vote on treasury and new-chain decisions
Staking — SFPlus staking carries no lockup period
Deployments — BNB Chain (primary, BEP-20) and Ethereum (ERC-20)

What determines SFP's value

SFP demand is tied to SafePal wallet adoption rather than to any fee-capture or revenue-share mechanism. The token's utilities all route through the wallet: fee discounts require using SafePal products, SFPlus staking rewards come from partner airdrops rather than protocol revenue, and Wallet Holder Offering access depends on SafePal signing new ecosystem partners. SFP therefore works as a proxy for how many users the wallet retains and how many projects want to reach them. Wallet users do not automatically become SFP holders, and that gap is the core uncertainty.

The structural picture is clean on supply and thin on capture. With the full 500 million supply circulating and no emission schedule, holders face no dilution. The weakness is that SFP does not accrue value from wallet revenue directly: SafePal earns from hardware sales and swap fees, but those flows do not automatically buy back or burn SFP. The token's value rests on staking demand and airdrop appeal rather than on a mechanical link to company earnings. The price is far below its February 2021 launch peak.