News20 August 2022

DAO Gnosis Safe will distribute 50 million SAFE tokens to 21,935 wallets on the network

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Decentralised platform Gnosis Safe will distribute at least 400 SAFE tokens each to more than 20,000 wallets out of a possible 45,000. 

The platform uses multi-sign technology for its smart contracts. As the platform claims, it allows users to securely store Ethereum and ERC20 tokens and interact with decentralised applications (DApps).

Also, most recently, users of this DAO voted to rebrand and issue a SAFE token followed by an airdrop.

Simultaneously announcing the airdrop release, Safe shared a spreadsheet containing more than 45,000 eligible Ethereum addresses. Safe users who created their address before 9 February 2022, when SafeDAO was proposed to launch, are eligible to participate in the airdrop.

"By handing over control of the core components of the Safe ecosystem to SAFE token holders, SafeDAO can introduce value and reward collection programmes that will spur the development of the Gnosis Safe ecosystem," SAFE co-founder Lucas Shore.

Safe states that the goals of airdrop include decentralising SAFE management, encouraging active users and raising awareness about Safe and SafeDAO.

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