Safe token transfer function is enabled! Tokens and marketing campaigns officially launched

This site (120bTC.coM): Multi-signature smart contract wallet Safe announced that its governance token SAFE will enable transferability, which means that SAFE tokens since the airdrop in 2022 can finally be Be traded, and open Safe{Pass} points activity to continue the token marketing effect.

Introduction to Safe multi-signature wallet

Safe wallet is the most famous smart contract wallet in the Web3 ecosystem. It was spun off by the Gnosis DAO team in 2021 and became independent. The latter is a provider of crypto industry infrastructure. Important development team. Safe has its own Safe DAO operating system and legal entity, and has its own token model.

The most well-known function of Safe wallet is multi-signature technology. At present, most of the team wallets behind DeFi protocols basically use Safe’s multi-signature, which is full of influence.

SAFE token has been issued as early as 2022

The governance token SAFE has been issued as early as 2022. However, due to the considerations of the development team, the initial setting of the token was not The transfer also means that SAFE is not tradable, which caused a lot of discussion and backlash in the community at the time.

In the end, Safe DAO passed the proposal in November of that year, and the community reached a consensus. It needed to wait for the Safe team to complete several milestones before opening the transfer function of SAFE tokens, including improving the governance structure and token use case planning. Five milestones.

Recently, as the last requirement has been met, Safe DAO launched another proposal and passed it, and the transfer function of SAFE tokens will be enabled.

SAFE Token Economics

SAFE Token Basic Information

• Name: SAFE

• Master Network: Ethereum(ERC-20)

• Address: 0x5aFE3855358E112B5647B952709E6165e1c1eEEe

• Total amount: 1 billion

SAFE Token Distribution

• Users: 5% of the total supply is allocated, a total of 50 million tokens, half of which are immediately airdropped and distributed , the other half is unlocked linearly over four years.

• Ecological contributors: 5% of the total supply is allocated, a total of 50 million tokens, half of which will be airdropped and distributed immediately, and the other half will be unlocked linearly within four years.

• Core contributors: Allocate 15% of the total supply, a total of 150 million tokens. The remaining tokens will be reserved for future talents and will be unlocked linearly within four years.

• Ecological bonus: Allocate 7% of the total supply, 70 million tokens, to support ecosystem rewards and activities that require legal entities. 20 million of these tokens are immediately available for use, with the remaining four years to be unlocked linearly.

• Advisor: Allocate 8% of the total supply, a total of 80 million tokens, which will be locked for one year and then unlocked linearly within four years.

• Safe DAO and Gnosis DAO vaults: Allocate 60% of the total supply, the former allocates 40% to linearly unlock for eight years, the latter allocates 15% to linearly unlock for four years, and the joint treasury allocates 5 % There is no lock-up, and the assets in the vault need to be used through governance voting.

SAFE unlocking schedule

Since SAFE tokens will be issued in the second half of 2022, you need to pay attention to the current timeline It's been almost two years.

SAFE Token Utility

SAFE Token currently has two uses with other future plans:

• Governance: SAFE Token holders can Participate in proposals and votes in the governance forum, this feature has been in progress since 2022.

• Safe{Pass} campaign: Safe DAO also used tokens to launch a new round of marketing campaign Safe{Pass}. All users who use the Safe wallet are rewarded with points, and staking SAFE tokens can earn up to twice the points. Points are expected to be exchanged for free transaction quota, limited NFT, etc. in the wallet.

It is expected that other functions will be introduced in the future, but the team also stated that it will make decisions based on feasibility and regulations to evaluate the impact of various aspects. Potential solutions include: SAFE token pledge, advanced wallet functions, etc.

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