SafePal has a maximum supply of 500 million SFP tokens, of which about a quarter is currently in circulation. The circulating supply of SFP will continue to grow as more people use the wallet. SafePal users earn SFP tokens as part of [staking](https://blog.safepal.io/introducing-safepal-earn/?utm_source=CoinMarketCap&utm_medium=CPC&utm_campaign=CoinMarketCap+Gravity&utm_id=CMC&utm_content=SafePal+Info+Content) rewards, participating in SafePal campaigns, and completing tasks within the wallet app. As per SafePal’s [official source](https://www.safepal.io/pub/SFP_Whitepaper.pdf), the token allocation is as follows: * Team: 20.00% of the total token supply * Foundation Reserve: 20.00% of the total token supply * Community: 15.00% of the total token supply * Product & Marketing: 15.00% of the total token supply * Strategic Sale: 9.00% of the total token supply * Partnership & Ecosystem: 5.00% of the total token supply * Private Sale: 4.00% of the total token supply * Airdrop: 5.00% of the total token supply * Seed Sale: 2.00% of the total token supply

SafePal aims to offer affordable hardware wallets as well as secure software wallets for users. The wallet platform supports multiple cryptocurrencies, including [Biitcoin](https://coinmarketcap.com/currencies/bitcoin/), Ethereum and [BNB](https://coinmarketcap.com/currencies/binance-coin/). Its native token [SFP](https://www.safepal.io/sfp?utm_source=CoinMarketCap&utm_medium=CPC&utm_campaign=CoinMarketCap+Gravity&utm_id=CMC&utm_content=SafePal+Info+Content) is the utility token of the wallet and is used to offer discounts for users, incentivize SafePal users and more.

[SafePal](https://safepal.io/?utm_source=CoinMarketCap&utm_medium=CMC+Introduction+Page&utm_campaign=CoinMarketCap+Gravity&utm_id=CMCG&utm_content=SafePal+Basic+info+Content) is a cryptocurrency [wallet](https://coinmarketcap.com/alexandria/glossary/wallet) launched in 2018 that helps users to protect and grow their digital assets. SafePal provides [hardware](https://shop.safepal.io/products/safepal-hardware-wallet-s1-bitcoin-wallet?utm_source=CoinMarketCap&utm_medium=CPC&utm_campaign=CoinMarketCap+Gravity&utm_id=CMC&utm_content=SafePal+Info+Content) and software wallets, all paired and managed through the [SafePal App](https://www.safepal.io/download?utm_source=CoinMarketCap&utm_medium=CPC&utm_campaign=CoinMarketCap+Gravity&utm_id=CMC&utm_content=SafePal+Info+Content) and was the first [hardware wallet](https://coinmarketcap.com/alexandria/glossary/cold-wallet) invested in and backed by Binance. SafePal wallet supports numerous popular crypto-assets, in addition to popular tokens on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/), [Binance Smart Chain (BSC) ](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain)and [TRON](https://coinmarketcap.com/currencies/tron/) blockchains. Users can store, manage, swap, trade and grow their portfolio without compromising asset security, according to SafePal. Since its launch in 2018, SafePal has grown exponentially and has over 3,000,000 users in 196 countries globally. More information can be found in the [SafePal Official Website](https://safepal.io/?utm_source=CoinMarketCap&utm_medium=CMC+Introduction+Page&utm_campaign=CoinMarketCap+Gravity&utm_id=CMCG&utm_content=SafePal+Basic+info+Content).