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Digital Asset Manager Safe to Offer Governance Token for SafeDAO

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Digital Asset Manager Safe to Offer Governance Token for SafeDAO
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.gnosisSafe will offer governance tokens for its DAO. A pre-identified group of stakeholders are eligible to claim the tokens between September 28 at 11:00 CET and December 27 at 12:00 CET. By Sage D. Young

Some 190 million SAFE tokens will be allocated to key stakeholders. “No single known entity or person holds more than 10% of the initial voting power,” the press release said. Safe, one of the largest decentralized custody and digital asset management platforms, features a smart contract wallet that needs a minimum threshold of people to authorize a transaction before it can go through.

While Safe smart contracts mostly dominate on the Ethereum blockchain, they also run on several other blockchains, such as Arbitrum, Aurora, Avalanche, Binance Smart Chain, Gnosis Chain, Optimism and Polygon.

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