SafeDAO and SAFE token

SafeDAO and SAFE Token Launched

29.09.2022 09:50 (Updated 29.09.2022 10:09)
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by Maksym Prykhodko
1 min read

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.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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