Safein – Secure Solution for Your Payments with Single-On Digital Identity.

Safein will be the first payment service provider in the world to include the necessary documents so they can obtain EI Electronic Funds (EI) licenses covering the payment of crypto and fiat. Our main target is to eliminate useless registrations and KYC checks by allowing our users to do it just once on our platform and then using that data whenever you use online services. With live MVP you can try, users simply visit the Safein website, register, download the app, and try it. Good product, by outstanding company.

ABOUT SAFEIN

Safein is a single-on platfrom and onlne payment wallet, an account on safefire platform that can be used on various websites to shop online, this provides convenience to us without having to register again on other web. safein is a revolution in how to pay, register and access our own identity authentication. Safein gives us full access to our own data controls, we can log in anonymously and share the necessary data only by the website but we can permanently revoke our access to other web pages with a single click.

All the details of the transactions we do are completely stored in the Safein panel safely, in other words Safein is a revolutionary solution that puts the ease and safety of its users in online shopping. System safein gives us easy in transactions, once we registered in Safein we do not need to provide additional information every payment process, the assets we have existing in the platfrom be it in the form of fiat money or any digital currency will be automatically encrypted by safein in the payment process each of our transactions by using the preferred way by the merchant associated with relatively low cost.

WHAT PROBLEMS DOES SAFEIN SEEK TO SOLVE?

Safein seeks to solve a number of major problems with today’s online services-including particularly e-commerce platforms. Some of the identified problems include:
Separate accounts are needed for each website
You need to repeatedly verify your account
You pay high processing fees and transaction fees
There’s the risk of fraud and chargebacks
Excessive personal data mining is an issue, and you don’t always know what a company does with your data after signing up for an account online

SOLUTION

Combining The Best of Two Worlds

Development team has put there effort on create a single sign-on and payment solution that can be used universally on all websites. By that system you eradicate the traditional way of creating new accounts on numerous websites we shop on, and we will enable the world to adopt Identity

Safein Architecture

Safein will allow users to store their identity, as well as crypto and fiat currencies in accounts opened on our platform. Safein will go into various business areas where combination of possessing all of the above gives benefit to its users online and offline. The main priority of Safein is to eliminate redundant registrations and KYC procedures.

Digital Wallet and Transparent Payment

Get access to websites with a single click

Safein allows users to sign up and log in to new websites with one click. Forget tedious registrations and lost passwords. With your approval, we’ll deliver your data to new websites for you.

Control your data

With Safein, you’re always in control of what websites know about you. You can login online anonymously, or only share data the website really needs. A single click will revoke their access permanently. On our web panel and mobile app, you’ll see your entire activity history, including registrations, logins and payments.

Pay with fiat or crypto with zero efforts

Once logged in with Safein, you’re also able to make payments without providing any extra information. Store your money in traditional currency or any crypto, and Safein will automatically convert and deliver funds in the merchant’s preferred way. Since every payment processed is within the boundaries of Safein, they’re instantaneous, secure and cheap.

Single Sign On

Before integrating Safein, a merchant will have to choose what user data is essential and must be acquired, and what data is optional and could be omitted. Our team will monitor this process and advise merchants on whether their choices on data to be collected complies with applicable data protection regimes. Moreover, the user will be able to choose whether to pass or decline passing optional data to the merchant. Safein will try to grow a generation of users who value their personal data and do not share it with everybody by default. The same applies to merchants, as we will try to do what we can, without losing our competitive advantages, to limit merchant requests for data and convince them to accept anonymous users where possible.

User Data Protection

Safein’s architecture is built in a way that solves most of these problems automatically. First, as required by recent developments in the EU, our users will always be presented with a full and clear information on what personal data is being passed on to relevant websites. No such transfer shall take place without clear consent of the user. Moreover, once the user agrees to give her specific data to a merchant on the first login, the merchant will be able to access this data on our platform anytime before this relationship is terminated by the user. Accordingly, such merchant will have little reasons to store this information on his own server and thus be able to significantly decrease his and his user’s exposure to hacking operations and data theft (as well as save some expenditure related to counter measures to such threats).

Multi factor authentication mechanisme and Digital 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.

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.

Buyer protection mechanism

Crypto payments without buyer protection mechanisms rob customers of a money back guarantee in case of failure to deliver. Hence, Safein will provide a buyer protection mechanism for crypto payments in its platform. The mechanism shall only be initiated if the goods are not duly received by the buyer or if they are not as described. Safein will provide all the tools to the buyers to protect their accounts, hence, merchants will be able to feel safe as there will be no chargebacks or fraud cases. If buyers and sellers are not able to resolve disputes themselves, a well-trained Safein support team will intervene and resolve the outcome of these disputes.

MVP

The Safein MVP now allows users to create an account on the Safein platform and connect it to a mobile device. Safein is currently integrated in a demo website where users can login with Safein without registering, adjust their security levels for different websites, track their login activity from their mobile devices and close active login sessions at any time. This website can be found at: https://curonian.com/ Additional features are coming soon.

SAFEIN BENEFITS AND APPLICATION

Benefits Of Safein

We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by from:
Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;
The end of management and recovery of numerous user accounts with different passwords;
Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;
Convenient one-stop shop for both, easy online access and payments;
Full and clear disclosure of what customer data is being passed on to websites;
Increased cybersecurity of their personal data;
Comfort that the company collecting their personal data (i.e. Safein) is trustworthy and will be able to protect it;
Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;
Increased anonymity, and protection from unwelcomed data mining and spamming activities;
Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;
Cashback as well as further rewards for loyalty and use of our services.

Application And Possible Markets

Crypto exchanges and other ICO;
Digital goods markets where fraud and chargeback rates are extremely high;
eShops, benefiting from extremely low payment fees, access to crypto payments and verified users;
Online financial or legal gambling service providers (which could easily use our platform to verify user’s age and applicable legal regime as well as accept payments from the user with no further registration process);
Car-sharing and other rent service providers;
Investment and trading platforms;
Social networks;
Regional polls (utilizing our ability to give access to users from certain jurisdictions only);
Smart contracts (users could feed their data directly into smart-contracts by using our databases);
E-signature and merchants in need of immediate verification of the data presented to them in person (our users would be able to prove credibility of their claims by supporting such claims with verified data on our website);
Brick and mortar retail shops of at later project stages.

HOW DOES SAFEIN WORK?
Pay with Fiat or Crypto
Once you’re logged in with Safein, you can make payments without providing any extra information. You can store your money in traditional currencies – fiat currencies – or any cryptocurrency. Safein will automatically convert and deliver funds in the merchant’s preferred way. Every payment is processed within the boundaries of Safein, making them instant, secure, and cheap.
Control your Data
Safein lets you control your data, which means you always know what websites know about you. You can login online anonymously or only share data that the website really needs. You don’t have to go through a complex login process and enter the same data every time you sign up for a new online service. Plus, you can revoke data access permanently with a single click.
Easy Dashboard
Safein has a web panel where users can control their access privileges. You access the panel through a mobile app or web browser. Through this panel, you can view your entire activity history, including registrations, logins, and payments.
Get Access to Websites with a Single Click:
Safein allows users to sign up and login to new websites with one click. You can avoid tedious registrations and passwords. After you approve (with a single click), Safein will deliver your data to new websites on your behalf.

POSSIBLE SCALE

ICO

ICO will be run on a smart contract and tokens will be distributed right after the ICO ends.
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.

TOKEN MODEL

The idea of having a single account for everything you do online is simply brilliant, but it requires a large scale. Developing Safein is the same as trying to solve the chicken and egg problem – you need a lot of users to attract merchants, and vice versa. Without merchants you can not acquire new users. Safein will leverage its tokens to grow its user base and acquire merchants. Use of the Safein platform will reward both users and merchants for using innovative payments and identity management solutions created by our team.

TOKEN DISTRIBUTION

ICO FUND ALLOCATION

Develop cardiard kripto wallet and payment function
Obtain an Electronic Money Institute license
Launched fiat deposits and trader payments in EUR, GBP, USD
Obtains the first 500 medium to large traders
2 years of administrative, operational and personnel expenditure

TOKEN VALUE AND FURTHER DEVELOPMENT

In the short term it is expected that token value will grow due to the growing user base and expanding list of partnering merchants. Users will be incentivized to use SFN tokens for their payments due to cashback bonus, merchants will be buying SFN to receive commission free payments. Due to merchants holding the tokens and users buying them to receive the cashback bonus, demand will be going up, supply will be going down and token price should therefore go up. Section 4.2 goes into more details on how beneficial it is for the merchants to save on commission by possessing SFN tokens. N.B.: Since the company shall be working in an extremely fast changing environment and is still under rapid development itself, some features envisioned for the company’s token model, commision size, Referral Program as well as the Registration and Login Pools might become redundant or subject to change in the future. Accordingly, the company reserves the right to change and revise these features, bonuses and incentivization programs as such need materialises and is recognized as such by the management of the company.

Roadmap