[CLOSED] Safein Analysis (new ICO) [Discontinued]

in #ethereum6 years ago (edited)

PROJECT UPDATE: SAFEIN has been DISCONTINUED indefinitely


Safein is building a seamless online experience for the world. The project delivers a one-click process for all your sign-ups across the web; a single wallet for your fiat and crypto currency needs across the web.

Read on to learn about this project’s strengths.

Safein SWOT Analysis

SWOT analysis sheds light on the potential of a project.

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Strength.png

ICOs have made it possible for any team to raise funds and now there’s a hurricane of ICOs aiming to raise funds. At present, it is possible for whitepaper projects to raise funds through the mere pitch of an idea. When the bar has been set so low, it becomes important for a product to have a minimum viable product in order to stand out. Safein stands out with ease by being one of the few projects out there with a functioning product.

Additionally, Safein has already secured customers, partnerships, and a userbase. Given that ICOs are allowing any team to get their idea going, Safein stands at a powerful competitive advantage as much of its business operations roots are in place. Rather than starting from scratch like the rest of the crowd, Safein simply needs to scale upwards in terms of development and adoption.


Weakness.png

One of Safein’s key offerings is to target verification by offering a secure digital identity. This is achievable since blockchain provides the necessary foundation for securing individual’s personal data. Hence, there are a number of projects hoping to leverage blockchain technology to offer a secure digital identity, and that makes competition quite stiff.

This is where Safein’s strength comes into play; the competition is from projects still in their idea phase. Having a functioning product with established partnerships gives Safein the necessary head-start to capture market share before any other project.


Opportunity.png

We live in the age of Amazon and GrubHub; a time when people value convenience above all and are willing to pay a premium for it.

A major inconvenience that remains unresolved is the fact that all web entities exist as independent silos and so each requires a new identity. Safein is about to offer massive convenience and time-savings in a time when people strive for such offerings. This allows Safein to capture the opportunity of the unmet needs of today.

Additionally, e-commerce is booming across the world. As internet penetration is growing and a larger portion of the world is earning a middle-class status, people’s buying power allocated to digital purchases is increasing. This is where Safein’s second opportunity capture plays in as it offers a secure, single wallet for all transactional needs.


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Safein is one of the few projects that is going to put blockchain to real-world utility in a relatively short period of time. While there are many benefits of being a pioneer of blockchain utility, the path ahead is largely unpaved and so Safein would have limited past resources or examples to rely on when faced with challenges.

However, given that the project has captured a community of over 10 thousand and has a team with a heavy technical expertise, Safein has the internal resources necessary to take on the challenges ahead.

Wrap-Up: Safein is one of the few blockchain-powered projects to have a functioning product. The product aims to capitalize on the opportunity of offering convenience and security to the masses.

Essential Safein ICO Links

🌐 Website: https://www.safein.com/
💡 Whitepaper: https://www.safein.com/?utm_source=icodrops
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2903156.0
💻 Telegram: https://t.me/safeincom

Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
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Thanks for ICO information. Thanks @hatu

This comment has received a 3.13 % upvote from @speedvoter thanks to: @milaoz04.

Safein has stopped their ICO, so bounty program too. I'm sorry you did this for nothing.

Really bad that didn't know as review writer...

I write my pieces 2 to 3 weeks in advance.
I wasn't aware of the sudden update, but thanks for notifying me. I'll reward you with some heavy upvotes on your main posts.

I understand :)

Please check out my last post, really shocking.

doing a great job..carry on

Hi @hatu

I didnt hear from you in a while. Have been away for a short while.
Im glad to see that you're still active and writting about crypto and blockchain.

Obviously upvoted :)

Cheers, Piotr

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