Question 1

What is SFP?

Accepted Answer

SFP is the SafePal Token, a utility token serving the SafePal ecosystem. It can be used in certain product-service, fee, and community-participation scenarios, but it does not represent equity in SafePal, a claim on dividends, or redemption rights. SFP's functions arise from the usage rules SafePal establishes for ecosystem features, rather than traditional corporate securities rights. Whether a particular function can be used also depends on whether the relevant service is open and on its conditions at that time.

Question 2

What practical uses does SFP have?

Accepted Answer

SFP can be used in several announced scenarios within the SafePal ecosystem, including exchanging for the gas-fee tokens required on different chains in the wallet's Gas Station and paying related fees for token or DApp listing applications. Gas Station addresses users' need for tokens to pay network fees on a target chain; listing application fees relate to the process in which project parties submit service applications to SafePal. These are ecosystem use cases and do not constitute a promise of fixed returns merely for holding tokens.

Question 3

What is SFP's supply?

Accepted Answer

SFP has a maximum total supply of 500 million tokens. Public information describes the supply deployment as 300 million on BNB Chain and 200 million on Ethereum; this is a total-supply and onchain-deployment measure and should not be equated directly with circulating supply at a given time. The supply cap indicates the maximum number of SFP that can exist under the design; the amount actually tradable is also affected by factors such as historical allocations, lockups, and unlocks. The materials in this round do not confirm the current status of these arrangements, so real-time circulating supply cannot be inferred from them.

Question 4

Why does SFP appear on two blockchains?

Accepted Answer

SFP appears on BNB Chain and Ethereum so that the token can be used on both chains. Part of the migration announced in 2023 used an “original-chain burn, 1:1 mint on Ethereum” approach: the corresponding amount is first reduced on the original chain, then the same amount is created on the target chain. Migration changes the chain on which the token resides and its interoperability; it does not create additional total supply out of thin air. Therefore, when viewing SFP on both chains, it should be understood in light of migration and supply measures, and migration itself should not be treated as new issuance.

Question 5

What governance can SFP holders participate in?

Accepted Answer

SFP holders can make suggestions or participate in voting on new SafePal product features, such as whether to support additional blockchains. The focus of this participation is expressing views on the direction of ecosystem products. This governance participation is not equivalent to corporate shareholder voting: SFP does not confer corporate equity or dividend rights, nor does it mean every suggestion will necessarily be implemented. Proposals, voting, and final product launches are different stages and should be considered separately.

Question 6

How was SFP initially allocated?

Accepted Answer

The initial allocation categories disclosed in the whitepaper include foundation reserve, team, community and airdrop, product and marketing, seed and public or private sales, and ecosystem. These categories describe the parties and purposes the tokens were designed to serve in the initial design. Initial allocation categories alone cannot answer how many tokens are currently tradable: they are distinct concepts from actual releases, lockups, or other subsequent arrangements. The categories themselves also do not mean that participants in a category or ordinary holders will necessarily receive returns.

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