SafeCrypt Exchange

clauming (7)in #cryptocurrency • 6 years ago

Introduction

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

however, the risks of losing your savings are a hot topic today. Merchants around the world lose their crypto-assets in exchange platfroms that go down by dozens of different reasons, including technical and legal issues.

For this reason, I want to introduce you SafeCrypt (SFC), a crypto-exchange platform that is fail-safe by design, by offering an ingenious solution to prevent users' cryptocurrency from being lost due to the collapses of crypto-exchange platforms.

Video Presentation - See more here: https://safecrypt.io/

Definition

As I said, SafeCrypt (https://safecrypt.io/) is a zero risk crypto-exchange platform that allows operators to instantly exchange their crypto-assets without losing total control of their assets at any time.

The platform is based on the safest model so far, as they are designing a fail-safe platform to prevent such disasters from happening again and stabilize the cryptography market.

Goals

The main goal of SafeCrypt is to provide zero-risk cryptocurrency functionality and complete anonymity for operators.

How it works

N	Description	Image
1	The system is started when an exchange transaction is done: Coin A into Coin B.
2	The transaction query is analyzed and verified in SafeCrypt.io system.
3	The system is running an algorithm scouting the database for an optimal crypto-wallet.
4	Then, a wallet watcher module starts to monitor the selected crypto-wallet and alerts the system as soon as the transaction is complete.
5	SafeСrypt.io system validates the transaction automatically, encrypts the transaction metadata to secure the exchange operation and sends a transaction query for Coin B to the trader crypto-wallet address.
6	The transaction query is analyzed and verified by the system to ensure that the initial transaction of the trader was a valid request, runs the security checking algorithms prior to validating the final transaction of Coin B to the initiator’s wallet.
7	The wallet watcher module alerts the system about the successful transaction of Coin B.
8	The trader receives the requested Coin B.

Features

Image	Feature	Description
	Fully automatic transactions	The operator takes less than 24 seconds to receive the desired crypto-active.
	Large selection of cryptoactives	More than 44 cryptocurrencies are already being accepted and hundreds have not yet been added.
	Crypto-exchange without risks	SafeCrypt.io is fail-safe by design. Operators maintain control of their assets at all times.
	Absolute anonymity	Cascading data encryption guarantees the maximum possible security of information.
	Fast and simple operations of Cryptoexchange	An intuitive and easy-to-use multifunctional user interface is designed to satisfy operators.
	Safe cloud environment	Temporary storage of transaction metadata ensures that each order is processed perfectly.

Benefits

Token Holders Benefits	Business Solutions
Token Repurchase strategy - 2 phases of token repurchase, ensuring ROI for our backers.	Merchant solution - For commercial websites and e-commerce platforms with fail-proof functionality allowing them to start accepting a wide variety of crypto assets with minimum fees, and very easy-to-use invoicing system.
Dividends to Major Token Holders - Holders of 1% or more of the total token supply will receive monthly dividends out of net operating surplus of our business solutions.	CryptoExchange service - Adding more than 200 cryptocurrencies as accepted for trading with the service's fixed transaction fee of 0.06%.
Cover fees with tokens - For contributors who invested small amounts and still wish to gain additional benefits.	Additional B2B solutions - A portfolio management functionality for commercial use, making it possible to optimise the work process of professional brokers and funds operating the crypto assets of their clients and partners.

Bounty program

The project gives the opportunity to earn SafeCrypt Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=2399912), where you can access the link in order to see what are the conditions to become an early SFC contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://safecrypt.io/whitepaper.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/safecrypt). I hope you liked the post and soon I'll send you new ones.

Do not forget to visit their Webpage (https://safecrypt.io/)!

Token details

Token: SFC
Platform: Ethereum
Type: ERC20
Price in ICO: 1 SFC = 1/15000 ETH
Tokens for sale: 1,075,000,000

Token Distribution

Roadmap

Date	Events
2016	Cryptoexchange Market Analysis. Problem Identification. Search for Possible Solutions. Forming a Core Team. Evaluation of a Range of Solutions. Seed Funding Provided (4 240 ETH). Development of a Platform Blueprint. Establishing Testing Methods for Platform Models.
Q1, 2017	Platform Prototyping Initiated (web). Additional Funding Received (~10 935 ETH). Team Growth. SafeCrypt Prototype Developed (web). SafeCrypt Web Platform Prototype Testing. Stakeholder Meeting to Evaluate Project Needs. Decision to Prepare and Issue ICO.
Q2-Q3, 2017	Engaging Qualified Consultants and Designers. Establishing System Security Standards. Pre-ICO Operationalization of SafeCrypt Framework. SafeCrypt Mobile Version Development Started. Financial Risks Evaluation. SafeCrypt Token Value Estimation. Whitepaper and Website Development Started.
Q4 2017- Q2 2018	SafeCrypt Closed Alpha Testing (Android). Public ICO Announcement. Pre-ICO Marketing Activities. ICO + updates (see p.22 for more details). Preparing and Establishing the Action Plan. Recruitment of new qualified specialists. System Security Development Started. Closed Alpha-testing of SafeCrypt Web Platform. Bugfixes and Optimization for the Alpha Version. Highload System Architecture Development.
Q3, 2018 - Q1, 2019	Closed Beta Available to the Project Backers. Collecting and Analysing of the Feedback Data. Marketing Campaign Planning. Open Beta Testing of the Platform (web and mobile). Collecting and Analysis of Public Feedback Data. Final Marketing Campaign Planning. Open Beta Testing of the Platform (web and mobile). Collecting and Analysing the Public Feedback Data. Pre-Release Bugfixes and Optimization. UI Adaptation for the Sight Impaired Users.
Q2, 2019 onwards	Development of Secure Cloud Environment. Public Release of SafeCrypt Web and Mobile Versions. Popularizing and Global Scaling of the Platform. Achieving Global Cryptomarket Security and Stability. Steady Growth of the Platform Boosting Token Value. Research and Implementation the Advanced. Technologies in the System Updates.