Swap and Stake CAKE on SafePal to Earn SFP Tokens!

4 min readJan 13, 2021

SafePal the first and only crypto hardware wallet backed and invested by Binance has launched it's token (Read the official announcement). SFP, issued on the Binance Smart Chain, represents a new milestone for the SafePal team being the first tokenized hardware wallet within the crypto space. SafePal and its ecological partners invite you to join us on the brand-new journey.

In January, up to 500–1000 SFP tokens will be distributed exclusively to the early supporters who participate in the SafePal product usage and social engagement. From today to January 31st, all CAKE holders can take a share from a 5,000,000 SFP reward pool by finishing the holding CAKE challenge. Come get your SFP tokens today!

Swap, Hold CAKE & Earn SFP

A 5,000,000 SFP reward pool is allocated to incentivize all participants who complete the Holding Challenges within the SafePal App. Users who swap and hold 200 CAKE for 7 days before January 31st are able to take an exclusive share from the total reward pool. Following is a step-by-step tutorial to teach users how to participate in the reward pool within the SafePal App. To use this feature, please kindly download the SafePal App first.

Step 1: Download And Set Up The SafePal App

Download the latest version of the SafePal App from the SafePal download page.

Then set up the App settings including security password, login pattern, etc.

Step 2: Create A SafePal Software Wallet

Create and set up a SafePal Software Wallet by following the instructions via this link.

Don’t forget to keep your seed phrase in secure locations!

Step 3: Swap 150 CAKE Through SafePal Swap Feature

Click the Swap tab in the SafePal App, and create a swap order for 200 CAKE. A swap order will usually be completed in 15–30 minutes. Please wait patiently for the swap process. The holding amount of CAKE depends on the quantity filled in at the time of swap. A step-by-step swap tutorial can be found here.

Step 4: Hold 150 CAKE In SafePal Wallet For 7 Days

Once the swap order is completed, head over to the DApp Store in the App, and click the ‘Claim SFP’ DApp. Select the CAKE task, and click ‘Join Now’. Once joined, you will see a countdown to the final share of the challenge reward pool.

Please note that you will not be able to claim the share if the CAKE balance is below the swapped amount during the holding period. Once the balance is below the limit, you will have to wait until the countdown is refreshed on the page and start holding again.

Step 5: Take Your Share From The 5,000,000 SFP Reward Pool & Wait For Final Distribution

Congratulations holders! Now you have held 200 CAKE for 7 days, and you will be automatically credited with 1 share from the 5,000,000 SFP reward pool. Campaign data will be announced and SFP tokens will be credited to your wallet accounts on February 3rd. Follow SafePal on Twitter for the latest announcements and updates!

Posted on Behalf of SafePal — 13/1/2020