SafeDAO and SAFE Token Launched

Following last month’s airdrop of 50 million SAFE tokens, Safe has now officially launched the token, as well as its SafeDAO.

In July, Safe separated from the Gnosis ecosystem where it was utilized for digital assets management purposes. Now, according to the DAO’s representative, Safe has an Ethereum-based “future-ready” infrastructure, that will lead to the emergence of a healthy ecosystem featuring many projects.

Reportedly, the launch of SafeDAO comes with two significant benefits – decentralization and increased security, as the entire community is in charge of maintaining the platform. Currently, 43,000 users can claim their SAFE tokens and become stakeholders with voting power.

In addition, Safe is looking to make Web3 ownership more collaborative. Thus, no user can have more than 10% of the overall voting rights, leading to increased decentralization in the DAO from launch.