SAFE
No. 154Price
Markets
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- Coin Introduction
1. Project introduction
After users transfer digital assets (tokens/NFT) to the Safe account smart contract address controlled by individuals/organizations, they can complete various conventional on-chain operations through many mainstream dApps integrated by Safe to achieve transparent management of assets on the chain.
2. Token application and distribution
Token application:
SafeDAO is governed using the SAFE token (see SafeDAO Constitution). SAFE token holders can vote within the scope of governance of SafeDAO. They can vote with their vested and unvested tokens or delegate their voting power on topics such as:
Orchestrating resource allocation and funding to foster innovation and ecosystem expansion (via the Outcomes-based Resource Allocation “OBRA”)
Tailoring the SafeDAO Constitution and governance frameworks to adapt to evolving needs
Token distribution:
Users 5% (50 million coins)
Ecosystem members/guardians 5% (50 million coins): 25 million coins have been allocated for ownership, of which 12.5 million coins have been fully unlocked, and the vesting period of 12.5 million coins is 4 years. The remaining 25 million will be distributed to future guardians.
Institutional investors 8% (80 million coins): will be unlocked on July 8, 2023, with a vesting period of 4 years.
Safe Foundation 7% (70 million coins): vesting period is 4 years.
Core team members 15% (150 million coins): vesting period is 4 years.
GnosisDAO Vault 15% (150 million coins): vesting period is 4 years, starting on May 1, 2022.
SafeDAO Vault 40% (400 million coins): vesting period is 8 years.
GnosisDAO&SafeDAO joint treasury 5% (50 million coins): fully unlocked.
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