What is SafeCrypt.io?

SafeCrypt.io
safecrypt_io
Published in
6 min readFeb 16, 2018

SafeCrypt.io is a cryptoexchange platform which is fail-safe by design. We expect to capture up to 9.6% of the cryptoexchange market share which already shows more than $500bln capitalization. The platform is being based on the most secure model so far — SafeCrypt.io does not oblige you to store your assets within the platform in order to perform crypto-trading operations which prevents any chance for the traders to lose their crypto assets. The main premise of SafeCrypt.io is to provide a full-spectrum crypto-trading functionality and complete anonymity for the traders.

Benefits for the token holders

The more active you are as a trader, the more value you would receive by investing in SafeCrypt.io ICO (Initial Coin Offering). We are determined to become #1 cryptoexchange with the lowest fees possible (expected transaction fee is 0.06%) and the only platform providing full trading functionality and at the same time allowing traders to retain control over their assets at all time.

Dividends

The major investors holding 1% and more of the total token supply will also receive monthly dividends from net operating surplus of the SafeCrypt.io Exchange Platform. Let’s say that having generated $6,9mln of income from fees (the number is based on less than 4.8% market share) SafeCrypt.io has $5mln of net operating surplus. A tokenholder owning 1% of total SFC will gain dividends equal to $50000 each month.

Token Repurchase

Stage 1

SafeCrypt will initiate the repurchase process of the tokens sold during the crowdsale 6 months after the ICO is over at a price of 115% of the initial value in order to stabilize the market price and compensate for the sale bonuses. Every investor will be able to benefit at least 15% of their investment by simply selling the tokens on the market.

Stage 2

After the official release of the exchange platform SafeCrypt.io will initiate the second phase of token buy back at a rate of 200% of the initial token price. Note: The buyback process will guarantee the minimum token value on the secondary market and will enable the SFC token holders to benefit directly via trading.

Market Share

Daily aggregate exchange volume of the top 100 most popular cryptoexchange platforms is more than $8 bln. and it keeps growing constantly. SafeCrypt.io exchange will take 0.06% fee per transaction, which would be one the lowest fees on the cryptomarket. By providing the highest quality cryptoexchange service and effectively satisfying the market demand, SafeCrypt will achieve strong economic growth and increase its market share:

Pessimistic Prediction

Market Share = 0.9% Daily Exchange Volume = 0.9% of 8bln = 72000000 ($72mln) SafeCrypt.io fee = 0.06% of 72mln = 43200 (~$43 thousand daily)

Realistic Prediction

Market Share = 5% Daily Exchange Volume = 5% of 8bln = 400000000 ($400mln) SafeCrypt.io fee = 0.06% of 400mln = 240000 ($240 thousand daily)

Optimistic Prediction

Market Share = 9.6% Daily Exchange Volume = 9.6% of 8bln = 768000000 ($768mln) SafeCrypt.io fee = 0.06% of 768mln = 460800 (~$460 thousand daily)

It goes without saying that SafeCrypt.io will put all reasonable efforts into making the optimistic prediction become reality. 9.6% of market share is achievable with sufficient funding and by focusing the available resources on the realization of the planned activities (as specified on p.23–24 of the Whitepaper).

The lowest fees on the market, solid development team, implementation of effective marketing strategy and constantly growing reputation of SafeCrypt.io Exchange will ensure exponential growth of the platform’s popularity up until it becomes the place-to-go when it comes to cryptoexchange. Our marketing team claims that it should be called a “very optimistic” prediction; and although the numbers clearly show that it is possible (exchange volumes’ increase rate is growing each day), SafeCrypt development team decided not to single out such prediction.

Functional Prototype

We are pleased to demonstrate the promised viability and the initial value to the SafeCrypt.io token holders. SafeCrypt.io Team has effectively operationalized a small part of SafeCrypt.io framework in order to present the functional prototype of the cryptoexchange platform, along with some unique mechanics specially developed for our cryptoinvestors.

Fully automated transaction processing system — a working merchant mechanics with 44 cryptocurrencies already being accepted in order to allow a wider audience of cryptoinvestors to take part and effectively capitalize on the SafeCrypt.io coin offering.

Multi-trader collective investment functionality (Co-op) — a time-limited feature allowing multiple investors to make collective token purchases in order to obtain larger bonuses.

Completely automatic and accurate dynamic bonus calculation system ensuring timely scheduled and precise token distribution among the cryptoinvestors.

ICO Manager platform was developed to ensure effective management of all PR activities separately from the main platform in order to protect sensitive data and ensure fail-safe-by-design automation.

Mathematically verified economic model designed to secure the SafeCrypt.io token value and ensure stable and continuous growth of the projected ROI for the token holders.

Secure cloud network and data encryption methods have been developed by SafeCrypt.io specifically to store the encrypted metadata of all transactions and safeguard our backers. No force majeure poses any threat to the transaction metadata which can be restored in 6.3 seconds time at any given moment. The cloud network guarantees that every transaction is recognized and every investor receives the full amount of tokens purchased during the ICO.

The planned tech updates of SafeCrypt.io Platform:

Smart trading notifications system

This feature allows users to create complex custom rules for the notifications to pop up. For instance, you want to exchange your Bitcoin to Ripple when relative “buy” price for Ripple reaches a certain value; as soon as the condition is met you will receive a notification:

  • push notification for SafeCrypt.io mobile app;
  • browser notification for the web version;
  • text message or email notififaction as an option (set by user).

It works as a substitute for placing orders on regular exchange platforms but with no requirement for the assets to be stored within the platform, thus lowering the risks for our traders to zero.

Customizable news or signals aggregator

This feature will be added by popular request. Traders will be able to set up a custom news feed to monitor all important events and trends signaling for potential changes in exchange rates of selected crypto-currencies. The feed will allow our traders to stay tuned with crypto market’s fluctuations and react promptly and accordingly.

The list of available sources of news will include:

  1. External websites;
  2. Social networks (Twitter and Facebook);
  3. Telegram channels;
  4. Other sources (TBA).

Trading effectiveness analysis

An optional feature that will analyze the effectiveness of previous trading operations performed by user. It will act as user’s personal stats log which can be analized to improve the user’s trading methods and overall effectiveness. This feature will be customizable and is disabled (no logging) by default.

Cryptocurrency mixing functionality

The cryptocurrency mixing is a feature for traders seeking maximum anonymity. The feature is already functional and includes:

  1. Multi cryptocurrency mixing — traders will be able to exchange BTC to ETH, Ripple and other cryptocurrencies or ERC20 tokens in specified proportions;
  2. Delayed transactions — time delays can be set up by a trader for each transaction (example: send 20% of my ETH in 50 minutes and the remaining 80% two hours later).

As we were advised by our legal consultants, the mixing functionality is a controversial topic and we will either create a mirror for the platform to make it available for our traders or will limit it to non-controversial functionalities.

SafeCrypt.io strives for maximum security and anonymity for crypto-traders and we will put all reasonable efforts to have this feature available for everyone using SafeCrypt.io Cryptoexchange Platform.

The creation and inevitable ascent of SafeCrypt.io — a risk-free anonymous crypto-exchange platform — is the next logical and historical step in the development of modern crypto-market technologies.

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SafeCrypt.io
safecrypt_io

A fail-safe by design next-generation cryptoexchange.