Back to the list

With $4M In Private Funding, Safle's Vision Of Identity-Based Crypto Security Gets Closer To Reality

coingape.com 09 December 2021 16:30, UTC
Reading time: ~4 m

Safle seems to be onto something with its idea of a secure digital identity that allows users to maintain full control over their cryptocurrency assets, with the ability to trade, swap or stake them freely. 

That idea, which is already close to fruition, has helped Safle raise $4 million in a private funding round that comes just one week ahead of the Initial DEX offering of its native $SAFLE token on Polkadot.

MapleBlock led the funding round along with Sanctum, GSR and Ghaf Capital Partners. The round attracted quite a bit of attention from individual investors too, with the likes of Innov8 founder Ritesh Malik, MahaDAO founder Steven Enamakel, the professional poker player Tony G., Purefi co-founder and BPO Sasha Antropov, and Frontiier Wallet founder and CEO Ravindra Kumar also backing Safle. 

The huge number of backers in Safle’s round validates its belief that asset storage is an extremely important consideration for crypto holders. Safle has created a multi-chain identity wallet that aims to give users greater peace of mind by protecting their assets using a secure private key management system. 

Safle is much more than just a wallet though – what it’s really building is a decentralized ecosystem in which participants gain added value with an integrated web3 browser that allows them to access dApps that meet the highest security and quality standards. 

The Safle wallet can be used on mobile devices and browsers and users have complete control over their private keys. With it, users can send, receive and store crypto assets, participate in staking and access hundreds of dApps. It also provides the ability to trade crypto tokens easily thanks to its unique multichain interoperability. 

The key feature of Safle is SafleID, which offers enhanced security capabilities such as multi-sig, time-locks, daily limits, trusted contracts, seedless money and more, so users can eliminate almost any kind of risk they can conceive of. 

Meanwhile the Safle DAO ensures the future direction of Safle is guided by the community of $SAFLE token holders.

“The Safle team has a strong focus on improving the DeFi user experience through their wallet,” said MapleBlock partner Vijay Garg. “Their UI/UX felt much superior to many of the existing solutions in the space.” 

Following the $SAFLE token’s IDO on Polkadot, Safle’s roadmap calls for the launch of its browser extension and mobile app, together with a completely revamped web app, before the end of the year. Features such as smart payments, self-sovereign IDs and staking will be added in 2022. 

  • Trending
  • Price Analysis
  • Breaking: Meta Starts Crypto Payment Pilot on WhatsApp For US Customers
  • How should one transfer crypto from one network to another?
  • Breaking: Binance Australia Becomes First-Ever Crypto Exchange to Start ESG Reportage
  • BNBPeach Simplifying High Yield Farming
  • ETH/BTC Pair Hits New 3-Year High, Here’s How it Can Impact Ether Price
  • Indian Trade Association CII Recommends “Special Class Securities” For Crypto
  • 7 Reasons Why The Bitcoin and Crypto Bull Run Will Stretch Well Into 2022
  • Bitcoin (BTC) Dominance Falls Lowest Since Feb 2018, Here’s How Altcoins can Benefit
  • XRP Lawsuit: The DPP Dispute is Back, Here’s How It May Ravage Ripple’s Former Win
  • Former OCC Chief Says the U.S. Is “Unquestionably behind the curve” in Fostering Crypto Growth
  • Huobi Token, SushiSwap and Axie Infinity Price Analysis: 09 December
  • Tron Price Analysis: The TRX Coin Preparing For The Recovery Phase With Eyes On The $0.123 Mark
  • Chainlink Price Analysis: The LINK Token Hints At A Bear Trap In Its Technical Chart
  • Polkadot Price Analysis: The DOT Coin Shows Buying Pressure Below 0.618 FIB Level; Will This End its Correction Phase?
  • XRP, Terra and NEM Price Analysis: 08 December
  • Filecoin, EOS and Litecoin Price Analysis: 08 December
  • Tezos Price Prediction: XTZ Is Up 35% To 5.5% As Bulls Aim For $7.0
  • Bitcoin Price Analysis: BTC Back Above $50K As Market Recovery Begins
  • BSV Price Analysis: The BSV Coin Prepares For Its Next Big Move Resonating Inside A Definite Range  
  • AVAX Price Analysis: The Coin Price Has Discounted 35% In This Correction Phase; Is This a Fair Value For AVAX?

Back to the list