TL;DR

SafePal and 1inch teamed up to drop 300 limited-edition, co-branded X1 hardware wallets, rewarding true self-custody advocates instead of bots.
The air-gapped X1 features an EAL5+ secure chip, multi-layer tamper sensors, Bluetooth connectivity, and multi-chain support for future-proof DeFi security.
From July 22 to August 21, users join weekly raffles via SafePal’s QuestHub, completing on-chain tasks like a $50 1inch swap and social-media actions, for a chance to claim a wallet (shipping covered).

SafePal and DEX aggregator 1inch have teamed up to roll out 300 limited-edition, co-branded hardware wallets designed to fortify security for decentralized finance users. This “WalletDrop” initiative departs from traditional token giveaways by rewarding genuine self-custody advocates rather than opportunistic bots, reinforcing best practices as DeFi adoption surges.

Swapping inside @iSafePal just got an upgrade — powered by the 1inch Swap API.

And to sweeten the deal?
We’re giving away 300 custom SafePal X1 cold wallets.

Details here https://t.co/B77pSduRts

— 1inch (@1inch) July 22, 2025

Co-Branded WalletDrop Energizes DeFi Community

Launching July 22 through August 21, the campaign offers a sleek batch of SafePal’s open-source X1 hardware wallets, each emblazoned with distinctive 1inch branding. By combining SafePal’s cold-storage expertise with 1inch’s high-throughput swap engine, processing over $500 million in daily trades, the collaboration underlines both firms’ commitment to safer, more accessible DeFi.

Rewarding Genuine Self-Custody Enthusiasts

SafePal’s CEO Veronica Wong highlights that token airdrops often “inflate metrics without long-term engagement,” whereas wallet giveaways foster a community of users who actually control their private keys. Sergej Kunz, co-founder of 1inch, notes that as decentralized exchanges gain a record market share, accounting for over 30% of global spot volume in June, it is crucial to enhance self-custody practices.

X1 Hardware Wallet: Security Meets Design

The X1 wallet, produced in limited quantities, features an EAL5+ secure element chip, multiple tamper sensors, and a cryptographic random number generator. Its Bluetooth-enabled, air-gapped architecture ensures private keys never touch an internet-connected device, while the co-branding embellishments make each unit a collector’s item. Firmware updates and growing blockchain support, from Ethereum to Solana, keep the device future-proof.

Campaign Mechanics: Quests, Raffles, and Rewards

Participants enter four weekly raffles by completing simple on-chain tasks within the SafePal App’s QuestHub. To qualify, users must execute at least a $50 swap via 1inch, follow both projects on social media, retweet the campaign announcement, and join the official Telegram group.

Winners receive a redeemable link to cover shipping, and unclaimed devices recycle into subsequent draws. Each wallet address can win only once, ensuring broad distribution across the DeFi community. As decentralization accelerates, SafePal and 1inch’s WalletDrop set a precedent: incentivize engaged users, strengthen security norms, and showcase how hardware custody can underpin the next wave of DeFi innovation.

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Filed under: News - @ July 22, 2025 2:27 pm