What is Safe (SAFE)?
Safe, formerly Gnosis Safe, is smart-contract wallet infrastructure that began at Gnosis in 2018 and became an independent project in 2022. The SAFE token was created in September 2022 and became transferable in April 2024 after a governance vote.
- Type
- Wallet infrastructure governance token
- Launched
- 2022
- Consensus
- Runs on Ethereum
- Max supply
- 1 billion SAFE
- Swap network
- Ethereum
How Safe works
A Safe account is a smart contract that requires a set number of approved signers before it executes a transaction, and it can be extended with modules and guards. SAFE token holders govern SafeDAO, which steers the ecosystem, its treasury and its grants.
What SAFE is used for
Holders use SAFE to vote on SafeDAO proposals and to lock tokens in programs that reward ecosystem participation. It is also traded on Ethereum and Gnosis Chain.
SAFE supply
Total supply is fixed at 1 billion SAFE, all minted at creation and distributed to the community, core contributors, investors and the foundation.
Before you swap SAFE
You can withdraw SAFE on Ethereum (gas in ETH) or Gnosis Chain (gas in xDAI); they use different contract addresses, so pick the network your wallet expects.